Interactive Brokers vs Karvy Stock Broking Ltd. Comparison: 2024
About Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
About Karvy Stock Broking Ltd.
Please note than as of Friday, 22 Nov, 2019, Karvy Stock Broking Ltd is barred by SEBI from taking on any new clients, after finding alleged client-related fraud. However, Karvy will still serve the existing client base. They can still trade and manage the existing client’s demat accounts, and still serve services like applying in IPOs, and still retain the option to close their account anytime, but opening up of new accounts is prohibited.
Karvy Stock Broking Ltd (KSBL), established in 1990, is a subsidiary of KARVY Group, who happen to be one of India's popular financial services company. The firm, being a full service broker, offers stock broking and research advisory services too.
Karvy Stock Broking: Overview
Karvy Stock Broking Ltd (KSBL) is based out of Hyderabad, and is the brokerage-subsidiary Karvy Group. The firm happens to be a registered member of BSE, NSE, MCX, and ICEX along with being a registered
Interactive Brokers vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Interactive Brokers | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 | ₹500 p.a. (For 1st year: Free) |
Interactive Brokers vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Interactive Brokers | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | N/A | Basic Plan |
| Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | 0.3% |
| Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | 0.03% |
| Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.03% |
| Equity Options | Minimum ₹6 and Upto ₹20 per executed order | ₹50 per lot |
| Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.03% |
| Currency Options | Minimum ₹6 and Upto ₹20 per executed order | ₹50 per lot |
| Commodity Options | N/A | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Interactive Brokers vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Interactive Brokers | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | N/A | Upto 5x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 4x |
| Equity Options | N/A | Upto 4x for shorting |
| Currency Future | N/A | Nil |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | Upto 4x |
| Commodity Options | N/A | N/A |
Interactive Brokers vs Karvy Stock Broking Ltd. Currency Charges and Plans: 2024
Other Comparisons of Interactive Brokers and Karvy Stock Broking Ltd.
| Interactive Brokers | Karvy Stock Broking Ltd. |
|---|---|
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