IDBI Capital Vs Trustline NRI Account Comparison

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.

• 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.

• Offers web and mobile app-based NRI trading and investment platform.
• Charges lower brokerage for investing in equity and equity derivatives.
• Doesn't have a minimum brokerage charge which is good for small investors.
• Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
• Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
• Trustline works as a clearing and settlement member which reduces the overall cost for investors.
• Facilitates IPO bidding for resident and non-resident Indian investors.

• 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.

• Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
• Doesn't offer Bracket Order facility.
• Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
• Allows only Axis bank to open NRI bank account.

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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.