Chittorgarh.com Logo
Loading...

5paisa Vs IIFL Securities NRI Account Comparison

The side-by-side comparison of 5paisa and IIFL Securities NRI Account. Compare 5paisa Vs IIFL Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL Securities and 5paisa NRI Account reviews.

Find out 5paisa Vs IIFL Securities which is better NRI Trading Account. See 5paisa Vs IIFL Securities which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with IIFL Securities Ltd highlights the major differences between two brokers. Find the best between 5paisa and IIFL Securities NRI Account.

Expand

5paisa Vs IIFL Securities

  5paisa IIFL Securities
 
  5paisa Capital Ltd Logo IIFL Securities Ltd Logo
About the Broker 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NA NRI Account
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.
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Expand

5paisa Vs IIFL Securities Charges

  5paisa IIFL Securities
NRI Account Opening Fees NA ₹750
NRI Account AMC NA ₹400 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open 5paisa AccountOpen IIFL Securities Account

Expand

5paisa Vs IIFL Securities NRI Account Brokerage Comparison

Account Type 5paisa NA IIFL Securities NRI Account
Equity Delivery NA 0.50%
Equity Futures NA
Equity Options NA
Open 5paisa AccountOpen IIFL Securities Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges 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%
Expand

5paisa Vs IIFL Securities NRI Account Taxes/Fees

  5paisa IIFL Securities
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.

Expand

5paisa Vs IIFL Securities NRI Account Margin

  5paisa Margin IIFL Securities 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.


Expand

5paisa and IIFL Securities NRI Account Features

  5paisa IIFL Securities
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
Open 5paisa AccountOpen IIFL Securities Account

Expand

5paisa Vs IIFL Securities NRI Account Review

  5paisa Review IIFL Securities Review
  93 Customer Reviews    Rate 5paisa 128 Customer Reviews    Rate IIFL Securities
Fees 2.9 2.8
Brokerage 3.5 2.6
Trading Platform 2.7 3.2
Customer Service 2.1 2.6
Overall Rating Rated 2.6 stars Rated 2.6 stars
Broker Rating 5paisa is Rated 2.6 / 5 based on 93 customer reviews IIFL Securities is Rated 2.6 / 5 based on 128 customer reviews
Open 5paisa AccountOpen IIFL Securities Account

Expand

Contact Broker / Request A Call Back

  5paisa Enquire IIFL Securities Enquire
Contact Broker 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. Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
*

5paisa Vs IIFL Securities NRI Investment Options

  5paisa IIFL Securities
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options

Expand

5paisa Vs IIFL Securities NRI Customer Service

  5paisa IIFL Securities
Customer Care Number NA +91 22 4007 1000
Customer Care Email NA cs@iifl.com
Open 5paisa AccountOpen IIFL Securities Account

Expand

5paisa Vs IIFL Securities Order Type Offered for NRI Account

  5paisa IIFL Securities
Bracket Order No No
Cover Order No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No

Expand

5paisa Vs IIFL Securities - NRI Account Advantages and Disadvantages

  5paisa IIFL Securities
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  • 5paisa does not offer NRI trading and demat account.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Promo / Offers

5paisa Special Offer

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Open 5paisa AccountOpen IIFL Securities Account

Comments

Add a public comment...

Compare More Brokers: