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Choice Broking Vs Beeline NRI Account Comparison

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

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

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

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Choice Broking Vs Beeline

  Choice Broking Beeline
 
  Choice Equity Broking Private Limited Logo Beeline Broking Limited 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 Beeline Broking is an online discount broker offering NRI trading services. The company offers a 2-in-1 account to NRIs to invest in equities, IPOs, mutual funds and bonds. Beeline offers 3rd-party trading software to NRI and resident investors. It ... Know more about Beeline Broking Limited
Account Type NRI Trading NRI Account
Enquire Choice BrokingEnquire Beeline

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Choice Broking Vs Beeline Charges

  Choice Broking Beeline
NRI Account Opening Fees ₹0 ₹876
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Zero AMC with one time Rs 876 fee
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire Choice BrokingEnquire Beeline

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Choice Broking Vs Beeline NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading Beeline NRI Account
Equity Delivery 0.50% 0.40%
Equity Futures 0.03% NA
Equity Options ₹100 per lot NA
Enquire Choice BrokingEnquire Beeline

Other Charges

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%
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Choice Broking Vs Beeline NRI Account Taxes/Fees

  Choice Broking Beeline
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 Beeline NRI Account Margin

  Choice Broking Margin Beeline 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 and Beeline NRI Account Features

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

  Choice Broking Review Beeline Review
  7 Customer Reviews    Rate Choice Broking 2 Customer Reviews    Rate Beeline
Fees 4.4 4.5
Brokerage 4.1 4.5
Trading Platform 4.4 3.0
Customer Service 4.0 3.5
Overall Rating Rated 4.1 stars Rated 4.0 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Beeline is Rated 4.0 / 5 based on 2 customer reviews
Enquire Choice BrokingEnquire Beeline

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Contact Broker / Request A Call Back

  Choice Broking Enquire Beeline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Choice Broking Vs Beeline NRI Investment Options

  Choice Broking Beeline
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options

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Choice Broking Vs Beeline NRI Customer Service

  Choice Broking Beeline
Customer Care Number 022-67079903, 9819545987 079-66664040
Customer Care Email nri@choiceindia.com connect@beelinebroking.com
Enquire Choice BrokingEnquire Beeline

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Choice Broking Vs Beeline Order Type Offered for NRI Account

  Choice Broking Beeline
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 Beeline - NRI Account Advantages and Disadvantages

  Choice Broking Beeline
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.
  • Offer NSE NOW and ODIN trading platform.
  • Beeline charges lower brokerage than full-service brokers.
  • Provides technical and fundamental analysis.
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.
  • Doesn't offer NRI's Equity Derivatives (F&O) trading.
  • Doesn't offer AMO (After Market Order) and GTC (Good Till Cancelled) order.
  • It has only one office which is located at Ahmedabad.
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.

Beeline Broking, an Ahmadabad based online stock broker doesn't provide any details about its NRI services on its website or over the call. The broker doesn't offer the facility to trade and invest in equity derivatives for NRIs. The company doesn't seem interested in NRI clients.

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