Choice Broking Vs HDFC Securities NRI Account Comparison

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

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

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

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Choice Broking Vs HDFC Securities

  Choice Broking HDFC Securities
 
Choice Equity Broking Private Limited Logo HDFC Securities 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 HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc... Know more about HDFC Securities 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 HDFC Securities. Leave your contact info and we will get in touch with you.
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Choice Broking Vs HDFC Securities Charges

  Choice Broking HDFC Securities
NRI Account Opening Fees ₹0 ₹2500
NRI Account AMC ₹0 ₹0
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 750
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs HDFC Securities NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking HDFC Securities
Account Type NRI Trading NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.03% 0.025% (Both Buy & Sell)
Equity Options ₹100 per lot ₹100 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat Account AMC - ₹200 per year Minimum Brokerage: ₹25, PIS AMC: ₹1000
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 HDFC Securities NRI Account Taxes/Fees

  Choice Broking HDFC Securities
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 HDFC Securities NRI Account Exposure Margin

  Choice Broking HDFC Securities
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 HDFC Securities NRI Account Feature Comparison

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

  Choice Broking HDFC Securities
  6 Customer Reviews    Rate Choice Broking 203 Customer Reviews    Rate HDFC Securities
Fees 4.3 2.1
Brokerage 4.2 1.9
Trading Platform 4.3 2.9
Customer Service 3.8 2.5
Overall Rating Rated 4.0 stars Rated 2.1 stars
Broker Rating Choice Broking is Rated 4.0 / 5 based on 6 customer reviews HDFC Securities is Rated 2.1 / 5 based on 203 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking HDFC Securities
Contact Broker
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Choice Broking Vs HDFC Securities NRI Investment Options

  Choice Broking HDFC Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options Bonds, Equity F&O, ETFs
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Choice Broking Vs HDFC Securities NRI Customer Service

  Choice Broking HDFC Securities
Customer Care Number 022-67079903, 9819545987 +91 2267 6061 61
Customer Care Email nri@choiceindia.com
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Choice Broking Vs HDFC Securities Order Type Offered for NRI Account

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

  Choice Broking HDFC Securities
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.
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat 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.
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
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.

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

Promo / Offers
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Choice Broking Vs HDFC Securities - More Reviews

  Choice Broking HDFC Securities
NRI Trading Review Choice Broking NRI Account Review HDFC Securities NRI Account Review
Enquire Choice Broking Enquire HDFC Securities
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