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Choice Broking Vs IDBI Capital NRI Account Comparison

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

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

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

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Choice Broking Vs IDBI Capital

  Choice Broking IDBI Capital
 
Choice Equity Broking Private Limited Logo IDBI Capital Markets and 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 IDBI Bank, a leading private bank in India, offers a wide range of investment options to NRIs through a 3-in-1 account. IDBI Bank offers banking, loans, capital market, PMS, etc. services to NRIs. With the IDBI Bank PIS account, NRIs can buy/sell sha... Know more about IDBI Capital Markets and Securities Ltd
Account Type NRI Trading 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 IDBI Capital. Leave your contact info and we will get in touch with you.
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Choice Broking Vs IDBI Capital Charges

  Choice Broking IDBI Capital
NRI Account Opening Fees ₹0 ₹1500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) NIL
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs IDBI Capital NRI Account Brokerage Comparison

Brokerage Plan

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

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat Account AMC - ₹200 per year Processing Charge: ₹75 per transaction
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 IDBI Capital NRI Account Taxes/Fees

  Choice Broking IDBI Capital
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 IDBI Capital NRI Account Exposure Margin

  Choice Broking IDBI Capital
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 IDBI Capital NRI Account Feature Comparison

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

  Choice Broking IDBI Capital
  7 Customer Reviews    Rate Choice Broking 40 Customer Reviews    Rate IDBI Capital
Fees 4.4 3.2
Brokerage 4.1 2.6
Trading Platform 4.4 2.6
Customer Service 4.0 2.8
Overall Rating Rated 4.1 stars Rated 2.7 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking IDBI Capital
Contact Broker
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Choice Broking Vs IDBI Capital NRI Investment Options

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

  Choice Broking IDBI Capital
Customer Care Number 022-67079903, 9819545987 1800-22-3366, 022-3913 5001
Customer Care Email nri@choiceindia.com custcare@idbidirect.in
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Choice Broking Vs IDBI Capital Order Type Offered for NRI Account

  Choice Broking IDBI Capital
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 IDBI Capital - NRI Account Advantages and Disadvantages

  Choice Broking IDBI Capital
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 3-in-1 accounts which makes the trading experience fast and smooth.
  • Provides research and recommendation tips.
  • Offers instant online account opening facility.
  • Works as a custodial to settle equity derivatives trades for NRIs.
  • Offers in-house mutual funds under different segments.
  • After Market Order (AMO) facility.
  • Equity SIP is available.
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.
  • Brokerage charges are comparatively higher than discount brokers.
  • Online trading is not available to USA and Canada based NRIs.
  • Offers comparatively lower interest rates on NRI savings bank account.
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.

IDBI is a full-service broker offering a range of investment options to NRIs. IDBI NRI 3-in-1 Account makes stock market investment simple and hassle-free. NRIs also get RM assistance and investment advice from experts. It has a network across 40+ countries to offer NRI services. The broker also works as a custodian for trade clearance and settlement which reduces the extra cost for NRIs. IDBI is recommended for NRIs who are a casual investor and prefer convenience over the trading costs.

Promo / Offers
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Choice Broking Vs IDBI Capital - More Reviews

  Choice Broking IDBI Capital
NRI Trading Review Choice Broking NRI Account Review IDBI Capital NRI Account Review
Enquire Choice Broking Enquire IDBI Capital
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