Choice Broking Vs Finvasia NRI Account Comparison

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

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

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

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Choice Broking Vs Finvasia

  Choice Broking Finvasia
 
Choice Equity Broking Private Limited Logo Finvasia Securities 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt 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 Finvasia. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Finvasia Charges

  Choice Broking Finvasia
NRI Account Opening Fees ₹0 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Finvasia
Account Type NRI Trading NRI Account
Equity Delivery 0.50% ₹0
Equity Futures 0.03% ₹0
Equity Options ₹100 per lot ₹0

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 per year ₹0
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 Finvasia NRI Account Taxes/Fees

  Choice Broking Finvasia
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 Finvasia NRI Account Exposure Margin

  Choice Broking Finvasia
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 Finvasia NRI Account Feature Comparison

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

  Choice Broking Finvasia
  7 Customer Reviews    Rate Choice Broking 40 Customer Reviews    Rate Finvasia
Fees 4.4 4.7
Brokerage 4.1 4.9
Trading Platform 4.4 3.6
Customer Service 4.0 4.5
Overall Rating Rated 4.1 stars Rated 4.6 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Finvasia is Rated 4.6 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

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

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

  Choice Broking Finvasia
Customer Care Number 022-67079903, 9819545987 +91 172 667 0000
Customer Care Email nri@choiceindia.com contactus@finvasia.com
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Choice Broking Vs Finvasia Order Type Offered for NRI Account

  Choice Broking Finvasia
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 Finvasia - NRI Account Advantages and Disadvantages

  Choice Broking Finvasia
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 zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers
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Choice Broking Vs Finvasia - More Reviews

  Choice Broking Finvasia
NRI Trading Review Choice Broking NRI Account Review Finvasia NRI Account Review
Enquire Choice Broking Enquire Finvasia
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