Stoxkart VS Nirmal Bang Comparison:
Page Contents Table
Stoxkart, an Indian Stock Broking giant, provides services in stock, commodities, currency, equity and derivatives. It initially started in the Delhi region and has a now a no. of service centres and sub-brokers across the country.
It has two apps by the name of Stoxkart Classic and Stoxkart Pro, which provide online assistance and trading. It also has a branch called Stoxmf, operating only in mutual funds.
It was initially started in the year 1986, and is a part of Nirmal Bang Group of companies founded by Nirmal, Dilip and Kishore Bang. It is registered with NSE, BSE and MCX, and thus provides trading in currency, commodities, equity and derivatives.
It is full-time stockbroking firm and has a panel of highly trained assistants providing assistance and advisory services to its clients. It also does research in-depth, on the nature of Indian stock market.
Let’s have a detailed look at both of them.
|About the broker||Stoxkart, an Indian Stock Broking giant, provides services in stock, commodities, currency, equity and derivatives. It initially started in the Delhi region and has a now a no. of service centres and sub-brokers across the country.||It was initially started in the year 1986, and is a part of Nirmal Bang Group of companies founded by Nirmal, Dilip and Kishore Bang. It is registered with NSE, BSE and MCX.|
|Type of Broker||Discount Broker||Full-Service Broker|
|Supported Exchange||NSE, BSE, MCX||NSE, BSE, MCX, NCDEX, NMCE|
|Year of Incorporation||2019||1986|
|Number of Branches||2 branches & 12 partner offices||2000|
Stoxkart & Nirmal Bang Charges
|Trading Account Opening Fees||₹500||₹0|
|Trading Account AMC||₹300||₹0|
|Demat Account Opening Fees||₹354||₹0|
|Demat Account AMC||₹300||₹200|
|Demat Account is Mandatory?||No||No|
Stoxkart VS Nirmal Bang Brokerage
|Stoxkart Brokerage||Nirmal Bang Brokerage|
|Account Type||Single Plan||Basic Plan|
|Equity Delivery Brokerage||₹0||0.2%|
|Equity Intraday Brokerage||₹15 per executed trade||0.02%|
|Equity Futures Brokerage||₹30 per executed trade||0.02%|
|Equity Options Brokerage||₹30 per executed trade||₹35|
|Currency Options Trading Brokerage||₹30 per executed trade||₹20|
|Commodity Futures Trading Brokerage||₹30 per executed trade||0.01%|
|Commodity Options Trading Brokerage||₹30 per executed trade|
|Minimum Brokerage Charges||₹0|
|Other Brokerage Charges||₹0|
|Call & Trade Charges||₹20 per executed trade|
Taxes & other Government Charges
|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 Options0.05% (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 & Nirmal Bang Transaction Charges
|Currency Options||0.04% (on premium)||₹5700|
Stoxkart or Nirmal Bang Exposure Margin
|Equity Delivery||Up to 10x|
|Equity Intraday||Up to 25x||Up to 4x|
|Equity Futures||Up to 2.5x||Up to 4x|
|Equity Options||Up to 7x||Up to 2x for shorting|
|Currency Futures||Up to 2.5x||Up to 2x for shorting|
|Currency Options||Up to 2x||Up to 3x|
|Commodity Futures||Up to 2.5x||Up to 3x|
Also Read: Nirmal Bang Margin Calculator Online
Stoxkart VS Nirmal Bang Feature Comparison
|3 in 1 Account||No||No|
|Margin Trading Funding Available||Yes|
|Trading Platform||Stoxkart Desktop||Odin Diet, NB Trade, |
Beyond Mobile App,
NB Back Office Mobile App
|Overall Review||3.2 /5||2.6 / 5|
Stoxkart VS Nirmal Bang Investment Options
|Stock / Equity||Yes||Yes|
|Initial Public Offers (IPO)||No||Yes|
|Bond / NCD||No||Yes|
|Other Investment Options|
Stoxkart or Nirmal Bang Research Report
|Daily Market Report||Yes|
|Quarterly Result Analysis||No||Yes|
Stoxkart VS Nirmal Bang for Investor Type
Stoxkart VS Nirmal Bang Risks & Benefits
|Benefits||Brokerage fees charged only if you earn.|
Research reports in-detail from SMC.
Intraday exposure is huge.
|Low Bandwidth can be availed.Research reports free.Back office has 24/7 access.|
Fund can be transferred instantaneously.A large number of branches.
|Risks||Trading platforms need updating.|
Account opening charges are higher.3 in 1 account not available.
|3 in 1 account not available.No Brokerage Calculator.There is no Instant Fund Withdrawal facility.|
Thus, this article helps our customers to verify and compare the policies of Stoxkart and Nirmal Bang, the two discount stock brokerage services.
The open market is always risky, that’s why, before investing money into these firms, always have good knowledge of the risks and policies. Only then, invest money for super returns. Whatever be your choice in Stoxkart Vs Nirmal Bang, Happy money-making to you.
Stockquantum was founded by Dharmendra Mukati in 2019. I am a Trader and Investor in the last 9 years.
I am writing here about stock broker review, broker comparison, IPO investment, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.