Stoxkart Vs ICICI Direct Comparison:
Stoxkart
Stoxkart, one of the giants in the Indian stock broking scenario, was initially started in the Delhi region and aims to provide services to its clients by the help of branches and sub-brokers across the country.
It has a huge client base and its popularity is unparalleled. It has provided two apps by the name of Stoxkart Classic and Stoxkart Pro available both in android and iOS devices. It has a platform named Stoxmf, which provides assistance in mutual fund investments.
ICICI Direct
It is the brokerage handle of ICICI Securities and is registered to trade with both BSE and NSE. It is the largest retail stock broker in the Indian market.
It provides services to more than 20 lakh corporate clients across the country and trades in commodity, currency, equity and derivatives.
It does extensive research and development in the nature of Indian stock market scenario and provides its clients 3-in-1 demat accounts for trading online.
Let’s now have a detailed look at both of them.
Also Read: ICICI Trade Racer Software Review
Overview
| Stoxkart | ICICI Direct | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.icicidirect.com |
| About the broker | Stoxkart, one of the giants in the Indian stock broking scenario, was initially started in the Delhi region and aims to provide services to its clients by the help of branches and sub-brokers across the country. It has a huge client base and its popularity is unparalleled. | It is the brokerage handle of ICICI Securities, and is registered to trade with both BSE and NSE. It is the largest retail stock broker in the Indian market. It provides services to more than 20 lakh corporate clients across the country and trades in commodity, currency, equity and derivatives. |
| Type of Broker | Discount Broker | Full-Service Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE |
| Year of Incorporation | 2019 | 2000 |
| Number of Branches | 2 branches & 12 partner offices | 154 |
Stoxkart Vs ICICI Direct Charges
| Stoxkart | ICICI Direct | |
| Trading Account Opening Fees | ₹500 | ₹975 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹0 |
| Demat Account AMC | ₹300 | ₹450 |
| Demat Account is Mandatory? | No | Yes |
Stoxkart Vs ICICI Direct Brokerage
Brokerage Plans
| Stoxkart | ICICI Direct | ICICI Direct | ICICI Direct | |
| Account Type | Single Plan | 3-in-1 Account (I-Secure Plan) | I-Saver Plan | ICICI direct Prime Plan |
| Fixed Charges | ₹900 | |||
| Equity Delivery Brokerage | ₹0 | 0.55% | 0.75% to 0.25% | 0.25% |
| Equity Intraday Brokerage | ₹15 per executed trade | 0.275% | 0.75% to 0.25% | 0.25% |
| Equity Futures Brokerage | ₹30 per executed trade | 0.05% to 0.03% | 0.05% to 0.03% | 0.025% |
| Equity Options Brokerage | ₹30 per executed trade | ₹95 to ₹35 per lot | ₹95 to ₹65 per lot | ₹35 |
| Currency Options Trading Brokerage | ₹30 per executed trade | ₹25 to ₹10 per lot | 0.25 to ₹65 per lot | ₹0 |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | NA | NA | NA |
| Commodity Options Trading Brokerage | ₹30 per executed trade | NA | NA | NA |
| Special Offer | Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. |
Also Read: ICICI Direct Brokerage Calculator Online
Other Charges
| Stoxkart | ICICI Direct | |
| Minimum Brokerage Charges | ₹0 | ₹35 per trade |
| Other Brokerage Charges | ₹0 | |
| Call & Trade Charges | ₹20 per executed trade | ₹25 per call after first 20 free calls per month |
Taxes & other Government Charges
| Stoxkart | ICICI Direct | |
| Securities Transaction Tax (STT) | 0.0126% of total turnover | 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 exercised options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri) |
| SEBI Charges | ₹15 per Cr. | ₹15 per Cr. |
| Goods and Services Tax (GST) | 18% on brokerage + transaction charges | 18% on brokerage + transaction charges |
| Stamp Duty | As per the Client’s state of correspondence. | As per the Client’s state of correspondence. |
Stoxkart & ICICI Direct Transaction Charges
| Stoxkart | ICICI Direct | |
| Equity Delivery | 0.00325% | NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) |
| Equity Intraday | 0.00325% | NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) |
| Equity Futures | 0.0019% | ₹180 per Cr (0.0018%) |
| Equity Options | 0.05% | ₹5000 per Cr (0.05%) (on premium) |
| Currency Futures | 0.0009% | ₹120 per Cr (0.0012%) |
| Currency Options | 0.04% (on premium) | ₹5000 per Cr (0.05%) (on premium) |
| Commodity | 0.0005% | NA |
Stoxkart or ICICI Direct Exposure Margin
| Stoxkart | ICICI Direct | |
| Equity Delivery | 5x with Interest | |
| Equity Intraday | Up to 25x | Up to 25x |
| Equity Futures | Up to 2.5x | 4x |
| Equity Options | Up to 7x | 2x for shorting |
| Currency Futures | Up to 2.5x | NA |
| Currency Options | Up to 2x | NA |
| Commodity Futures | Up to 2.5x | NA |
| Commodity Options |
Also Read: ICICI Direct Margin Calculator Online
Stoxkart Vs ICICI Direct Feature Comparison
| Stoxkart | ICICI Direct | |
| 3 in 1 Account | No | Yes |
| Charting | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Demo | No | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | Yes | |
| Trading Platform | Stoxkart Desktop | ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App |
| Overall Review | 3.2 /5 | 2.4 / 5 |
Stoxkart VS ICICI Direct Investment Options
| Stoxkart | ICICI Direct | |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | No |
| Currency | Yes | Yes |
| Initial Public Offers (IPO) | No | Yes |
| Mutual Funds | No | Yes |
| Bond / NCD | No | Yes |
| Debt | No | Yes |
| Other Investment Options | ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS |
Stoxkart Vs ICICI Direct Research Report
| Stoxkart | ICICI Direct | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart Vs ICICI Direct for Investor Type
| Stoxkart | ICICI Direct | |
| Casual Investor | Yes | |
| Active Investor | Yes | |
| Trader | Yes |
Stoxkart Vs ICICI Direct Risks & Benefits
| Stoxkart | ICICI Direct | |
| Benefits | Earn and then only pay fees on brokerage. Research reports highly detailed. Good intraday exposure. | 3 in 1 account available.Offers a wide range of investment options.You can place orders during off-market hours. |
| Risks | Trading platforms need improvements as it is new. Too much account opening charges.3 in 1 account not available. | Minimum brokerage fees too high.Mandatory demat account.Website has low performance issues. |
Final words
Thus, this article was aimed to help our readers distinguish between the two stock market giants, Stoxkart Vs ICICI Direct. We have tried to clear out all the risks, pros and cons, policies and risks if these two companies but still it would be recommended to know more about them before investing. We hope that you know the risks of the share market, so always be aware of the danger and except that, make some easy cash.
