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Stoxkart Vs ICICI Direct: A Comparison Between The Leading Stock Broking Services In The Indian Scenario

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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

Stoxkart Vs ICICI Direct compare

Overview


StoxkartICICI Direct
Logostoxkart brokerageicici direct
Website URLwww.stoxkart.comwww.icicidirect.com
About the brokerStoxkart, 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 BrokerDiscount BrokerFull-Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE 
Year of Incorporation20192000
Number of Branches2 branches & 12 partner offices154

Stoxkart Vs ICICI Direct Charges


StoxkartICICI 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?NoYes

Stoxkart Vs ICICI Direct Brokerage

Brokerage Plans


StoxkartICICI DirectICICI DirectICICI Direct
Account TypeSingle Plan3-in-1 Account (I-Secure Plan)I-Saver PlanICICI direct Prime Plan
Fixed Charges


₹900
Equity Delivery Brokerage₹00.55%0.75% to 0.25%0.25%
Equity Intraday Brokerage₹15 per executed trade0.275%0.75% to 0.25%0.25%
Equity Futures Brokerage₹30 per executed trade0.05% 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 lot0.25 to ₹65 per lot₹0
Commodity Futures Trading Brokerage₹30 per executed tradeNANANA
Commodity Options Trading Brokerage₹30 per executed tradeNANANA
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

Related Post:   Stoxkart Margin Calculator

Other Charges


StoxkartICICI 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


StoxkartICICI Direct
Securities Transaction Tax (STT)0.0126% of total turnoverEquity 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 charges18% on brokerage + transaction charges
Stamp DutyAs per the Client’s state of correspondence.As per the Client’s state of correspondence.

Stoxkart & ICICI Direct Transaction Charges


StoxkartICICI Direct
Equity Delivery0.00325%NSE ₹310 per Cr (0.0031%) |
BSE ₹280 per Cr (0.0028%) (each side)
Equity Intraday0.00325%NSE ₹310 per Cr (0.0031%) |
BSE ₹280 per Cr (0.0028%) (each side)
Equity Futures0.0019%₹180 per Cr (0.0018%)
Equity Options0.05%₹5000 per Cr (0.05%) (on premium)
Currency Futures0.0009%₹120 per Cr (0.0012%)
Currency Options0.04% (on premium)₹5000 per Cr (0.05%) (on premium)
Commodity0.0005%NA

Stoxkart or ICICI Direct Exposure Margin


StoxkartICICI Direct
Equity Delivery
5x with Interest
Equity IntradayUp to 25xUp to 25x
Equity FuturesUp to 2.5x4x
Equity OptionsUp to 7x2x for shorting
Currency FuturesUp to 2.5xNA
Currency OptionsUp to 2xNA
Commodity FuturesUp to 2.5xNA
Commodity Options

Also Read: ICICI Direct Margin Calculator Online

Related Post:   Sharekhan Vs IIFL: In Detailed Comparison

Stoxkart Vs ICICI Direct Feature Comparison


StoxkartICICI Direct
3 in 1 AccountNoYes
ChartingYesYes
SMS AlertsYesNo
Online DemoNoYes
Online PortfolioYesYes
Margin Trading Funding Available
Yes
Trading PlatformStoxkart DesktopICICIdirect.com (website),
Trade Racer,
ICICIDirect Mobile App
Overall Review3.2 /52.4 / 5 

Stoxkart VS ICICI Direct Investment Options


StoxkartICICI Direct
Stock / EquityYesYes
CommodityYesNo
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNoYes
DebtNoYes
Other Investment Options
ETF,
Insurance,
FD/Bonds,
Loans, Tax,
ELocker,
NPS

Stoxkart Vs ICICI Direct Research Report


StoxkartICICI Direct
Daily Market Report
Yes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes
open stoxkart demat acc

Stoxkart Vs ICICI Direct for Investor Type


StoxkartICICI Direct
Casual Investor
Yes
Active InvestorYes
TraderYes

Stoxkart Vs ICICI Direct Risks & Benefits  


StoxkartICICI Direct
BenefitsEarn 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.
RisksTrading 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.

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