Stoxkart Vs SMC Global NRI Account Comparison

The side-by-side comparison of Stoxkart and SMC Global NRI Account. Compare Stoxkart Vs SMC Global NRI Account brokerage charges, exposure margin, demat account and AMC. Read SMC Global and Stoxkart NRI Account reviews.

Find out Stoxkart Vs SMC Global which is better NRI Trading Account. See Stoxkart Vs SMC Global which is best NRI Demat Account.

Our Stoxkart by SMC Global Securities Ltd comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between Stoxkart and SMC Global NRI Account.

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Stoxkart Vs SMC Global

  Stoxkart SMC Global
 
Stoxkart by SMC Global Securities Ltd Logo SMC Global Limited Logo
About the Broker Stoxkart is an online discount stock broker in India. The Delhi based broker offers trading and investment services to both resident and NRIs. Stoxkart offers 2-in-1 accounts to NRIs which includes trading and a demat account linked to each other. It... Know more about Stoxkart by SMC Global Securities Ltd SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited
Account Type NRI Account
Broker Enquiry Open an Online Trading Account with Stoxkart. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
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Stoxkart Vs SMC Global Charges

  Stoxkart SMC Global
NRI Account Opening Fees ₹590 ₹1000
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 499
NRI Demat Account AMC Rs 300 Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs SMC Global NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart SMC Global
Account Type NRI Account
Equity Delivery ₹200 per executed order 0.50%
Equity Futures ₹200 per executed order 0.05%
Equity Options ₹200 per executed order ₹75 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Stoxkart Vs SMC Global NRI Account Taxes/Fees

  Stoxkart SMC Global
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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Stoxkart Vs SMC Global NRI Account Exposure Margin

  Stoxkart SMC Global
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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Stoxkart and SMC Global NRI Account Feature Comparison

  Stoxkart SMC Global
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features NRI Account for US and Canada based NRIs
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Stoxkart Vs SMC Global NRI Account Review

  Stoxkart SMC Global
  3 Customer Reviews    Rate Stoxkart 16 Customer Reviews    Rate SMC Global
Fees 3.3 3.8
Brokerage 4.7 3.2
Trading Platform 3.3 3.8
Customer Service 3.0 3.6
Overall Rating Rated 3.3 stars Rated 3.7 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews SMC Global is Rated 3.7 / 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart SMC Global
Contact Broker
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Stoxkart Vs SMC Global NRI Investment Options

  Stoxkart SMC Global
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance
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Stoxkart Vs SMC Global NRI Customer Service

  Stoxkart SMC Global
Customer Care Number +91-11-25754371, 91- 9650988009
Customer Care Email nridesk@smcindiaonline.com
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Stoxkart Vs SMC Global Order Type Offered for NRI Account

  Stoxkart SMC Global
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Stoxkart Vs SMC Global - NRI Account Advantages and Disadvantages

  Stoxkart SMC Global
Pros
  1. Good online trading platforms
  2. Charges fixed brokerage of ₹200 per order across segments
  3. Offers POs & Mutual Fund services to NRI customers.
  4. Tie-up with Axis, HDFC, Yes and IndusInd banks for PIS
  5. Services also available for US and Canada based NRIs. Many brokers don't offer services to US and Canada based NRIs due to extra compliance.
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
Cons
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to the Stoxkart trading account before trading.
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
Conclusion

Stoxkart comes across as a good choice for NRIs looking to invest in stock markets in India. The company offers good proprietary and 3rd party trading platforms and tools. It offers IPO and mutual fund investment services to meet the varied investment needs of NRIs. A simple flat-fee brokerage model of ₹200 per order makes it an attractive proposition for high-volume NRI traders who would have paid a lot more brokerage with a traditional stock broker.

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

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Stoxkart Vs SMC Global - More Reviews

  Stoxkart SMC Global
NRI Trading Review Stoxkart NRI Account Review SMC Global NRI Account Review
Enquire Stoxkart Enquire SMC Global
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