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Choice Broking Vs TradingBells NRI Account Comparison

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

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

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

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Choice Broking Vs TradingBells

  Choice Broking TradingBells
 
Choice Equity Broking Private Limited Logo TradingBells (Swastika Investmart 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 TradingBells is an online discount broker offering low brokerage trading services to NRI investors. Trading bells is part of Swastika Investmart Ltd., a traditional full-service broker with over 25+ years of stock broking experience. TradingBells of... Know more about TradingBells (Swastika Investmart 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 TradingBells. Leave your contact info and we will get in touch with you.
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Choice Broking Vs TradingBells Charges

  Choice Broking TradingBells
NRI Account Opening Fees ₹0 ₹750
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 150
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 300
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs TradingBells NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking TradingBells
Account Type NRI Trading NRI Account
Equity Delivery 0.50% ₹100 per executed order
Equity Futures 0.03% ₹100 per executed order
Equity Options ₹100 per lot ₹100 per executed order

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 TradingBells NRI Account Taxes/Fees

  Choice Broking TradingBells
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 TradingBells NRI Account Exposure Margin

  Choice Broking TradingBells
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 TradingBells NRI Account Feature Comparison

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

  Choice Broking TradingBells
  7 Customer Reviews    Rate Choice Broking 6 Customer Reviews    Rate TradingBells
Fees 4.4 4.2
Brokerage 4.1 4.7
Trading Platform 4.4 3.5
Customer Service 4.0 3.8
Overall Rating Rated 4.1 stars Rated 4.0 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews TradingBells is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

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

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

  Choice Broking TradingBells
Customer Care Number 022-67079903, 9819545987 9667657700, 9667658800
Customer Care Email nri@choiceindia.com helpdesk@tradingbells.com
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Choice Broking Vs TradingBells Order Type Offered for NRI Account

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

  Choice Broking TradingBells
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.
  • Charges flat ₹100 across equity delivery, and F&O segments from NRIs. This is among the lowest brokerage in India for NRI customers.
  • Allows linking the trading account with an NRI bank account opened with a designated bank in India.
  • Offers different trading platform available through mobile app, website and trading terminal.
  • Dedicated online support desk to resolve the queries of the investors.
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.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Clients need to pay to avail research services
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.

TradingBells is an online broker with presence in 80+ cities through its parent company Swastika Investmart. It charges the lowest brokerage to NRIs. 3 different trading platforms Justrade, Now and ODIN are available to the customer. It suites to frequent trades (NRIs) who prefers to trade online at an ultra-low-cost.

Promo / Offers
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Choice Broking Vs TradingBells - More Reviews

  Choice Broking TradingBells
NRI Trading Review Choice Broking NRI Account Review TradingBells NRI Account Review
Enquire Choice Broking Enquire TradingBells
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