Stoxkart Vs Trustline NRI Account Comparison

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

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

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

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Stoxkart Vs Trustline

  Stoxkart Trustline
 
Stoxkart by SMC Global Securities Ltd Logo Trustline Securities 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type
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 Trustline. Leave your contact info and we will get in touch with you.
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Stoxkart Vs Trustline Charges

  Stoxkart Trustline
NRI Account Opening Fees ₹590 ₹0
NRI Account AMC ₹590 ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 300 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Trustline
Account Type
Equity Delivery ₹200 per executed order 0.03 (3 paise)
Equity Futures ₹200 per executed order 0.30 (30 paise)
Equity Options ₹200 per executed order ₹75 per lot

Other Charges

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

  Stoxkart Trustline
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 Trustline NRI Account Exposure Margin

  Stoxkart Trustline
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 Trustline NRI Account Feature Comparison

  Stoxkart Trustline
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 Trustline NRI Account Review

  Stoxkart Trustline
  3 Customer Reviews    Rate Stoxkart 1 Customer Reviews    Rate Trustline
Fees 3.3 4.0
Brokerage 4.7 3.0
Trading Platform 3.3 4.0
Customer Service 3.0 4.0
Overall Rating Rated 3.3 stars Rated 4.0 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Trustline
Contact Broker
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Stoxkart Vs Trustline NRI Investment Options

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

  Stoxkart Trustline
Customer Care Number (0120) 4613-888
Customer Care Email helpdesk@trustline.in
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Stoxkart Vs Trustline Order Type Offered for NRI Account

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

  Stoxkart Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

Promo / Offers
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Stoxkart Vs Trustline - More Reviews

  Stoxkart Trustline
NRI Trading Review Stoxkart NRI Account Review Trustline NRI Account Review
Enquire Stoxkart Enquire Trustline
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