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Tradingo Vs IDBI Capital NRI Account Comparison

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

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

Our Tradingo (Swastika Investmart Ltd) comparison with IDBI Capital Markets and Securities Ltd highlights the major differences between two brokers. Find the best between Tradingo and IDBI Capital NRI Account.

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Tradingo Vs IDBI Capital

  Tradingo IDBI Capital
 
  Tradingo (Swastika Investmart Ltd) Logo IDBI Capital Markets and Securities Ltd Logo
About the Broker Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien... Know more about Tradingo (Swastika Investmart Ltd) 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 Standard Plan NRI Trading
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Tradingo Vs IDBI Capital Charges

  Tradingo IDBI Capital
NRI Account Opening Fees Rs 300 ₹1500
NRI Account AMC Rs 0 ₹0
NRI Demat Account Opening Fees Rs 0 NIL
NRI Demat Account AMC Rs 250 Rs 450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Tradingo Vs IDBI Capital NRI Account Brokerage Comparison

Account Type Tradingo NRI Standard Plan IDBI Capital NRI Trading
Equity Delivery PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade 0.50%
Equity Futures Rs 50 per executed order
Equity Options Rs 50 per executed order
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat Account AMC - Rs 300 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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Tradingo Vs IDBI Capital NRI Account Taxes/Fees

  Tradingo 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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Tradingo Vs IDBI Capital NRI Account Margin

  Tradingo Margin IDBI Capital Margin
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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Tradingo and IDBI Capital NRI Account Features

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

  Tradingo Review IDBI Capital Review
  6 Customer Reviews    Rate Tradingo 40 Customer Reviews    Rate IDBI Capital
Fees 4.2 3.2
Brokerage 4.7 2.6
Trading Platform 3.5 2.6
Customer Service 3.8 2.8
Overall Rating Rated 4.0 stars Rated 2.7 stars
Broker Rating Tradingo is Rated 4.0 / 5 based on 6 customer reviews IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  Tradingo Enquire IDBI Capital Enquire
Contact Broker Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer Leave your contact information and we will get in touch with you....
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Tradingo Vs IDBI Capital NRI Investment Options

  Tradingo IDBI Capital
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Tradingo Vs IDBI Capital NRI Customer Service

  Tradingo IDBI Capital
Customer Care Number +91 9667657700,+91 9667658800 1800-22-3366, 022-3913 5001
Customer Care Email helpdesk@gotradingo.com custcare@idbidirect.in
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Tradingo Vs IDBI Capital Order Type Offered for NRI Account

  Tradingo IDBI Capital
Bracket Order Yes No
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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Tradingo Vs IDBI Capital - NRI Account Advantages and Disadvantages

  Tradingo IDBI Capital
Pros
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
  • 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
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
  • 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

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

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

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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