Stoxkart vs ICICI Direct Comparison: 2024
About Stoxkart
Stoxkart is based out of Delhi, and it is relatively new in the broking market place, incorperated only in 2019. Stoxkart is an online discount broker, which offers services like trading and investment across a variety of segments including equity markets, commodities, currencies, futures and options, IPOs and mutual funds.
Stoxkart: Overview
A Delhi-based firm, Stoxkart is a part of SMC Global Limited, which itself is a full-service broker and has been a leading diversified financial services company in India for quite a while now.
As mentioned earlier, Stoxkart provides services of trading across a lot of different sectors, but also in that, it provides up to 25 times exposure on intraday trades which can be across equities, currencies and commodities, which happens to be among one of the highest margins offered, especially by a discount broker.
The company can do that because it is backed by SMC, which is a full-service broker,
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
Stoxkart vs ICICI Direct Account Opening Charges: 2024
| Charge | Stoxkart | ICICI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹975 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹700 per year |
Stoxkart vs ICICI Direct Brokerage Charges and Plans : 2024
| Charge | Stoxkart | ICICI Direct |
|---|---|---|
| Plan Name | N/A | I-Secure Plan |
| Equity Delivery | ₹0 | 0.55% |
| Equity Intraday | ₹15 (on profit trades only) | 0.275% |
| Equity Futures | ₹15 per executed order | 0.050% |
| Equity Options | ₹15 per executed order | ₹95 per lot and Option (Intraday) ₹50 per lot |
| Currency Futures | ₹15 per executed order | 0.050% and Currency Futures(Intraday) ₹50 |
| Currency Options | ₹15 per executed order | ₹25 per lot and Currency Options (Intraday) ₹10 per lot |
| Commodity Options | ₹15 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Stoxkart vs ICICI Direct Margin / Exposure: 2024
| Segment | Stoxkart | ICICI Direct |
|---|---|---|
| Equity Delivery | 1x (No margin) | 5x |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 25x |
| Equity Future | Up to 2x | BO,CO: Up to 7x | 4x |
| Equity Options | 1x (No margin) | 2x for shorting |
| Currency Future | Up to 2x | BO,CO: Up to 4x | N/A |
| Currency Options | 1x (No margin) | N/A |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | N/A |
| Commodity Options | 1x (No margin) | N/A |