Choice Broking Vs AxisDirect NRI Account Comparison

The side-by-side comparison of Choice Broking and AxisDirect NRI Account. Compare Choice Broking Vs AxisDirect NRI Account brokerage charges, exposure margin, demat account and AMC. Read AxisDirect and Choice Broking NRI Account reviews.

Find out Choice Broking Vs AxisDirect which is better NRI Trading Account. See Choice Broking Vs AxisDirect which is best NRI Demat Account.

Our Choice Equity Broking Private Limited comparison with Axis Securities highlights the major differences between two brokers. Find the best between Choice Broking and AxisDirect NRI Account.

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Choice Broking Vs AxisDirect

  Choice Broking AxisDirect
 
Choice Equity Broking Private Limited Logo Axis Securities 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 Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Trading NRI Account
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 AxisDirect. Leave your contact info and we will get in touch with you.
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Choice Broking Vs AxisDirect Charges

  Choice Broking AxisDirect
NRI Account Opening Fees ₹0 ₹2500
NRI Account AMC ₹0 ₹0
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 650
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs AxisDirect NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking AxisDirect
Account Type NRI Trading NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.03% 0.05%
Equity Options ₹100 per lot Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat Account AMC - ₹200 per year PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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 AxisDirect NRI Account Taxes/Fees

  Choice Broking AxisDirect
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 AxisDirect NRI Account Exposure Margin

  Choice Broking AxisDirect
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 AxisDirect NRI Account Feature Comparison

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

  Choice Broking AxisDirect
  6 Customer Reviews    Rate Choice Broking 71 Customer Reviews    Rate AxisDirect
Fees 4.3 2.0
Brokerage 4.2 1.7
Trading Platform 4.3 2.6
Customer Service 3.8 2.2
Overall Rating Rated 4.0 stars Rated 2.1 stars
Broker Rating Choice Broking is Rated 4.0 / 5 based on 6 customer reviews AxisDirect is Rated 2.1 / 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking AxisDirect
Contact Broker
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Choice Broking Vs AxisDirect NRI Investment Options

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

  Choice Broking AxisDirect
Customer Care Number 022-67079903, 9819545987 +91 22 4257 0809
Customer Care Email nri@choiceindia.com
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Choice Broking Vs AxisDirect Order Type Offered for NRI Account

  Choice Broking AxisDirect
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Choice Broking Vs AxisDirect - NRI Account Advantages and Disadvantages

  Choice Broking AxisDirect
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.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
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.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
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.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers
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Choice Broking Vs AxisDirect - More Reviews

  Choice Broking AxisDirect
NRI Trading Review Choice Broking NRI Account Review AxisDirect NRI Account Review
Enquire Choice Broking Enquire AxisDirect
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