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Choice Broking Vs Tradeplus NRI Account Comparison

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

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

Our Choice Equity Broking Private Limited comparison with Tradeplus (Navia Markets Ltd) highlights the major differences between two brokers. Find the best between Choice Broking and Tradeplus NRI Account.

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Choice Broking Vs Tradeplus

  Choice Broking Tradeplus
 
Choice Equity Broking Private Limited Logo Tradeplus (Navia Markets Ltd) 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 Tradeplus is one of the first brokerage firms to offer online trading services to NRIs. Tradeplus offers 4-in-1 accounts which include NRI SB Account, NRI Demat account, NRI trading account, and PAN Account. The broker allows NRIs to open NRO account... Know more about Tradeplus (Navia Markets Ltd)
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 Tradeplus. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Tradeplus Charges

  Choice Broking Tradeplus
NRI Account Opening Fees ₹0 ₹500
NRI Account AMC ₹0 ₹1000 p.a or ₹2500 Life Time AMC for 10yrs
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 0
PIS Account AMC NA ₹1500
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Tradeplus NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Tradeplus
Account Type NRI Trading NRI Account
Equity Delivery 0.50% 0.40% for NRE and 0.10% for NRO
Equity Futures 0.03% ₹49 per executed trade
Equity Options ₹100 per lot ₹49 per executed trade

Other Charges

Contract Note Reporting Charges NA PIS- ₹150 and Non-PIS- ₹200
Other Brokerage Charges Demat Account AMC - ₹200 per year Regular plan: ₹200 per CRF; Direct Plan: No charges
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 Tradeplus NRI Account Taxes/Fees

  Choice Broking Tradeplus
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 Tradeplus NRI Account Exposure Margin

  Choice Broking Tradeplus
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 Tradeplus NRI Account Feature Comparison

  Choice Broking Tradeplus
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes No
Other Features BTSL (Buy Today Sell Tomorrow) Order, Call & trade, ESOP trading
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Choice Broking Vs Tradeplus NRI Account Review

  Choice Broking Tradeplus
  7 Customer Reviews    Rate Choice Broking 35 Customer Reviews    Rate Tradeplus
Fees 4.4 3.6
Brokerage 4.1 4.1
Trading Platform 4.4 2.8
Customer Service 4.0 2.7
Overall Rating Rated 4.1 stars Rated 3.0 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Tradeplus is Rated 3.0 / 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

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

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

  Choice Broking Tradeplus
Customer Care Number 022-67079903, 9819545987 + 91 44 39189469 / 470
Customer Care Email nri@choiceindia.com nri@tradeplusonline.com
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Choice Broking Vs Tradeplus Order Type Offered for NRI Account

  Choice Broking Tradeplus
Bracket Order Yes No
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Choice Broking Vs Tradeplus - NRI Account Advantages and Disadvantages

  Choice Broking Tradeplus
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.
  • Experience of 15+ years in providing NRI financial services.
  • Offers a 4-in-1 trading account.
  • ESOP Trading is allowed for NRIs.
  • Margin trading and BTST (Buy Today and Sell Tomorrow) are offered for NRO Account.
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.
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.

Tradeplus is an excellent choice for NRI traders who want to trade using their NRO accounts. For such investors, the broker provides special facilities like margin trading and BTST (Buy Today and Sell Tomorrow) under NRO accounts which is not available with any other stock broker. The discount broker offers a 4-in-1 account in collaboration with Yes, HDFC and Axis bank which makes trading more convenient. However, the charges for call & trade services are on a higher side.

Promo / Offers
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Choice Broking Vs Tradeplus - More Reviews

  Choice Broking Tradeplus
NRI Trading Review Choice Broking NRI Account Review Tradeplus NRI Account Review
Enquire Choice Broking Enquire Tradeplus
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