Choice Broking Vs Compositedge NRI Account Comparison

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

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

Our Choice Equity Broking Private Limited comparison with Composite Investments Pvt Ltd highlights the major differences between two brokers. Find the best between Choice Broking and Compositedge NRI Account.

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Choice Broking Vs Compositedge

  Choice Broking Compositedge
 
Choice Equity Broking Private Limited Logo Composite Investments Pvt 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 Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt Ltd
Account Type NRI Trading
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 Compositedge. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Compositedge Charges

  Choice Broking Compositedge
NRI Account Opening Fees ₹0 ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 100
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 Compositedge NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Compositedge
Account Type NRI Trading
Equity Delivery 0.50% ₹200/- or 0.1%
Equity Futures 0.03% ₹200/- or 0.01%
Equity Options ₹100 per lot

Other Charges

Contract Note Reporting Charges 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 Compositedge NRI Account Taxes/Fees

  Choice Broking Compositedge
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 Compositedge NRI Account Exposure Margin

  Choice Broking Compositedge
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 Compositedge NRI Account Feature Comparison

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

  Choice Broking Compositedge
  7 Customer Reviews    Rate Choice Broking 17 Customer Reviews    Rate Compositedge
Fees 4.4 4.2
Brokerage 4.1 4.6
Trading Platform 4.4 4.0
Customer Service 4.0 4.2
Overall Rating Rated 4.1 stars Rated 4.2 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Compositedge is Rated 4.2 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

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

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

  Choice Broking Compositedge
Customer Care Number 022-67079903, 9819545987
Customer Care Email nri@choiceindia.com
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Choice Broking Vs Compositedge Order Type Offered for NRI Account

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

  Choice Broking Compositedge
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.
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
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.
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
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.

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.

Promo / Offers
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Choice Broking Vs Compositedge - More Reviews

  Choice Broking Compositedge
NRI Trading Review Choice Broking NRI Account Review Compositedge NRI Account Review
Enquire Choice Broking Enquire Compositedge
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