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The side-by-side comparison of Choice Broking and 5paisa NRI Account. Compare Choice Broking Vs 5paisa NRI Account brokerage charges, exposure margin, demat account and AMC. Read 5paisa and Choice Broking NRI Account reviews.
Find out Choice Broking Vs 5paisa which is better NRI Trading Account. See Choice Broking Vs 5paisa which is best NRI Demat Account.
Our Choice Equity Broking Private Limited comparison with 5paisa Capital Ltd highlights the major differences between two brokers. Find the best between Choice Broking and 5paisa NRI Account.
| Choice Broking | 5paisa | |
|---|---|---|
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| About the Broker | Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR...  |
5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... |
| Account Type | NRI Trading | NA |
| Broker Enquiry |
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| Choice Broking | 5paisa | |
|---|---|---|
| NRI Account Opening Fees | ₹0 | NA |
| NRI Account AMC | ₹0 | NA |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 200 or as per plan. (1st year AMC free) | Rs 540 |
| PIS Account AMC | NA | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Choice Broking | 5paisa | |
|---|---|---|
| Account Type | NRI Trading | NA |
| Equity Delivery | 0.50% | NA |
| Equity Futures | 0.03% | NA |
| Equity Options | ₹100 per lot | NA |
| Contract Note Reporting Charges | NA | NA |
| Other Brokerage Charges | Demat Account AMC - ₹200 per year | NA |
| TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
| TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
| Choice Broking | 5paisa | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
| Choice Broking | 5paisa | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.
| Choice Broking | 5paisa | |
|---|---|---|
| 3-in-1 Account |  |
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| Free Research And Tips |  |
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| Choice Broking | 5paisa | |
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6 Customer Reviews  |
82 Customer Reviews |
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| Broker Rating | Choice Broking is Rated 4.0 / 5 based on 6 customer reviews | 5paisa is Rated 2.6 / 5 based on 82 customer reviews |
| Choice Broking | 5paisa | |
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| Choice Broking | 5paisa | |
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| Choice Broking | 5paisa | |
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| Customer Care Number | 022-67079903, 9819545987 | NA |
| Customer Care Email | nri@choiceindia.com | NA |
| Choice Broking | 5paisa | |
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| Good Till Cancelled (GTC) | |
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| Choice Broking | 5paisa | |
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Conclusion |
Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses. |
5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks. If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services. |
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