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The side-by-side comparison of Choice Broking and IIFL Securities NRI Account. Compare Choice Broking Vs IIFL Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL Securities and Choice Broking NRI Account reviews.
Find out Choice Broking Vs IIFL Securities which is better NRI Trading Account. See Choice Broking Vs IIFL Securities which is best NRI Demat Account.
Our Choice Equity Broking Private Limited comparison with IIFL Securities Ltd highlights the major differences between two brokers. Find the best between Choice Broking and IIFL Securities NRI Account.
| Choice Broking | IIFL Securities | |
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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...  |
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... |
| Account Type | NRI Trading | NRI Account |
| Special Offer | 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. |
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.
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| Choice Broking | IIFL Securities | |
|---|---|---|
| NRI Account Opening Fees | ₹0 | ₹750 |
| NRI Account AMC | ₹0 | ₹400 + GST |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 |
| NRI Demat Account AMC | Rs 200 or as per plan. (1st year AMC free) | Rs 250 (Free for 1st year) |
| PIS Account AMC | NA | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open IIFL Securities Account |
| Account Type | Choice Broking NRI Trading | IIFL Securities NRI Account |
|---|---|---|
| Equity Delivery | 0.50% | 0.50% |
| Equity Futures | 0.03% | |
| Equity Options | ₹100 per lot | |
| Open IIFL Securities Account |
| Contract Note Reporting Charges | NA | NA |
| Other Brokerage Charges | Demat Account AMC - ₹200 per year | |
| 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 | IIFL Securities | |
|---|---|---|
| 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 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. |
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| Choice Broking | IIFL Securities | |
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| 3-in-1 Account |  |
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| Automated Trading | |
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| Free Research And Tips |  |
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| Other Features | ||
| Open IIFL Securities Account |
| Choice Broking Review | IIFL Securities Review | |
|---|---|---|
15 Customer Reviews  |
128 Customer Reviews |
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| Broker Rating | Choice Broking is Rated 3.1 / 5 based on 15 customer reviews | IIFL Securities is Rated 2.6 / 5 based on 128 customer reviews |
| Open IIFL Securities Account |
| Choice Broking Enquire | IIFL Securities Enquire | |
|---|---|---|
| Contact Broker | 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. | 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. |
| Choice Broking | IIFL Securities | |
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| Choice Broking | IIFL Securities | |
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| Customer Care Number | 022-67079903, 9819545987 | +91 22 4007 1000 |
| Customer Care Email | nri@choiceindia.com | cs@iifl.com |
| Open IIFL Securities Account |
| Choice Broking | IIFL Securities | |
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| Choice Broking | IIFL Securities | |
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Conclusion
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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. |
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 | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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IIFL Securities Special OfferFlat Rs 20 Per Trade Brokerage + Free Account Opening
This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today. |
| Open IIFL Securities Account |
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FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
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Open IIFL Securities Account
