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Choice Broking Vs 5paisa NRI Account Comparison

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.

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Choice Broking Vs 5paisa

  Choice Broking 5paisa
 
Choice Equity Broking Private Limited Logo 5paisa Capital Ltd Logo
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... Know more about Choice Equity Broking Private Limited 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. ... Know more about 5paisa Capital Ltd
Account Type NRI Trading NA
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you. Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you.
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Choice Broking Vs 5paisa Charges

  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
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Choice Broking Vs 5paisa NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking 5paisa
Account Type NRI Trading NA
Equity Delivery 0.50% NA
Equity Futures 0.03% NA
Equity Options ₹100 per lot NA

Other Charges

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%
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Choice Broking Vs 5paisa NRI Account Taxes/Fees

  Choice Broking 5paisa
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
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.
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Choice Broking Vs 5paisa NRI Account Exposure Margin

  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.

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Choice Broking and 5paisa NRI Account Feature Comparison

  Choice Broking 5paisa
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes No
Other Features
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Choice Broking Vs 5paisa NRI Account Review

  Choice Broking 5paisa
  7 Customer Reviews    Rate Choice Broking 85 Customer Reviews    Rate 5paisa
Fees 4.4 2.9
Brokerage 4.1 3.6
Trading Platform 4.4 2.7
Customer Service 4.0 2.1
Overall Rating Rated 4.1 stars Rated 2.6 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews 5paisa is Rated 2.6 / 5 based on 85 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking 5paisa
Contact Broker
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Choice Broking Vs 5paisa NRI Investment Options

  Choice Broking 5paisa
Stocks Yes No
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Other Investment Options
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Choice Broking Vs 5paisa NRI Customer Service

  Choice Broking 5paisa
Customer Care Number 022-67079903, 9819545987 NA
Customer Care Email nri@choiceindia.com NA
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Choice Broking Vs 5paisa Order Type Offered for NRI Account

  Choice Broking 5paisa
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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Choice Broking Vs 5paisa - NRI Account Advantages and Disadvantages

  Choice Broking 5paisa
Pros
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
Cons
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
  • 5paisa does not offer NRI trading and demat account.
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.

Promo / Offers
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Choice Broking Vs 5paisa - More Reviews

  Choice Broking 5paisa
NRI Trading Review Choice Broking NRI Account Review 5paisa NRI Account Review
Enquire Choice Broking Enquire 5paisa
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