The side-by-side comparison of 5paisa and Geojit NRI Account. Compare 5paisa Vs Geojit NRI Account brokerage charges, exposure margin, demat account and AMC. Read Geojit and 5paisa NRI Account reviews.
Find out 5paisa Vs Geojit which is better NRI Trading Account. See 5paisa Vs Geojit which is best NRI Demat Account.
Our 5paisa Capital Ltd comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between 5paisa and Geojit NRI Account.
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. ...
Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only.
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Account Type
NA
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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.
5paisa Vs Geojit NRI Account Margin
5paisa Margin
Geojit Margin
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.
FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
5paisa Vs Geojit Order Type Offered for NRI Account
5paisa
Geojit
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
5paisa Vs Geojit - NRI Account Advantages and Disadvantages
5paisa
Geojit
Pros
30+ years of experience in the capital market in India.
Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
Dedicated research team offers investment and research tips to NRIs.
Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
Cons
5paisa does not offer NRI trading and demat account.
NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
Doesn't offer services to the US, UK, Australia or Canada based NRIs.
Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
Conclusion
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.
Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.
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