ChoiceSEBI INZ000160131
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹200/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.20% or ₹20, lower
- Cost to sell ₹15,000 of IPO shares
- ₹35.40Brokerage and DP with GST, ours
StoxkartSEBI INZ000196835
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Choice and Stoxkart differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Choice | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹35.40 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹35.40 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹424.80 | ₹283.20 brokerage; DP charge not published |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): Free in the first year, then ₹200 plus GST a year at Choice, not stated at Stoxkart.
- Equity delivery brokerage: 0.20% at Choice, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹10 plus GST per instruction at Choice, not stated at Stoxkart.
- Mainboard IPOs: Yes, free at Choice, not stated at Stoxkart.
The same at both: account opening and SME IPOs.
Choice vs Stoxkart: charges side by side
Differs 5 of 7 charges differ between Choice and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Choice | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | Free | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹200 plus GST a year | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, free | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.20% (the FAQ says 0.20% or ₹20, whichever is lower) | ₹20 per executed order |
| DP charge on selling shares | ₹10 plus GST per instruction | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000160131 | INZ000196835 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Choice and Stoxkart pages.
Choice and Stoxkart strengths and things worth checking
Choice
Strengths
- Low DP charge
- Low AMC
- Free auto square-off
Worth checking
- Page has conflicting figures
Options brokerage and pledge charges differ between the table and the text. Confirm with Choice.
- MTF at 18%
Margin trading interest is 18% a year.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: Choice vs Stoxkart
| Charge | Choice | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what Choice and Stoxkart would each charge.
Other comparisons
Every comparison with Choice or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Choice or Stoxkart?
Stoxkart does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: Choice ₹35.40, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Choice and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge.
Can I apply for SME IPOs on Choice and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Choice and Stoxkart?
Choice: Free in the first year, then ₹200 plus GST a year. Stoxkart: not stated.
What brokerage do Choice and Stoxkart charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at Choice and ₹23.60 at Stoxkart (our calculation from their published rates).