Stoxkart vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Stoxkart vs Nirmal Bang Account Opening Charges: 2024
| Charge | Stoxkart | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹200 per year |
Stoxkart vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Stoxkart | Nirmal Bang |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | ₹15 (on profit trades only) | 0.02% |
| Equity Futures | ₹15 per executed order | 0.02% |
| Equity Options | ₹15 per executed order | ₹35 |
| Currency Futures | ₹15 per executed order | 0.02% |
| Currency Options | ₹15 per executed order | ₹20 |
| Commodity Options | ₹15 per executed order | 0.01% |
| Mutual Fund | N/A | N/A |
Stoxkart vs Nirmal Bang Margin / Exposure: 2024
| Segment | Stoxkart | Nirmal Bang |
|---|---|---|
| Equity Delivery | 1x (No margin) | Upto 10x |
| Equity Intraday | Up to 15x | BO,CO: Up to 25x | Upto 4x |
| Equity Future | Up to 2x | BO,CO: Up to 7x | Upto 4x |
| Equity Options | 1x (No margin) | Upto 2x for shorting |
| Currency Future | Up to 2x | BO,CO: Up to 4x | Upto 2x for shorting |
| Currency Options | 1x (No margin) | Upto 3x |
| Commodity Future | Up to 2x | BO,CO: Up to 6x | Upto 3x |
| Commodity Options | 1x (No margin) | N/A |