Stoxkart Vs Finvasia NRI Account Comparison

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

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

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

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Stoxkart Vs Finvasia

  Stoxkart Finvasia
 
Stoxkart by SMC Global Securities Ltd Logo Finvasia Securities Pvt Ltd 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
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 Finvasia. Leave your contact info and we will get in touch with you.
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Stoxkart Vs Finvasia Charges

  Stoxkart Finvasia
NRI Account Opening Fees ₹590 ₹199
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Finvasia
Account Type NRI Account
Equity Delivery ₹200 per executed order ₹0
Equity Futures ₹200 per executed order ₹0
Equity Options ₹200 per executed order ₹0

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges ₹0
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 Finvasia NRI Account Taxes/Fees

  Stoxkart Finvasia
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 Finvasia NRI Account Exposure Margin

  Stoxkart Finvasia
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 Finvasia NRI Account Feature Comparison

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

  Stoxkart Finvasia
  3 Customer Reviews    Rate Stoxkart 40 Customer Reviews    Rate Finvasia
Fees 3.3 4.7
Brokerage 4.7 4.9
Trading Platform 3.3 3.6
Customer Service 3.0 4.5
Overall Rating Rated 3.3 stars Rated 4.6 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Finvasia is Rated 4.6 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Finvasia
Contact Broker
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Stoxkart Vs Finvasia NRI Investment Options

  Stoxkart Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes Yes
Other Investment Options
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Stoxkart Vs Finvasia NRI Customer Service

  Stoxkart Finvasia
Customer Care Number +91 172 667 0000
Customer Care Email contactus@finvasia.com
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Stoxkart Vs Finvasia Order Type Offered for NRI Account

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

  Stoxkart Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers
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Stoxkart Vs Finvasia - More Reviews

  Stoxkart Finvasia
NRI Trading Review Stoxkart NRI Account Review Finvasia NRI Account Review
Enquire Stoxkart Enquire Finvasia
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