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Choice Broking Vs IIFL Securities NRI Account Comparison

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

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

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

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Choice Broking Vs IIFL Securities

  Choice Broking IIFL Securities
 
  Choice Equity Broking Private Limited Logo IIFL 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Trading NRI Account
Enquire Choice BrokingOpen IIFL Securities Account

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Choice Broking Vs IIFL Securities Charges

  Choice Broking IIFL Securities
NRI Account Opening Fees ₹0 ₹750
NRI Account AMC ₹0 ₹400 + GST
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 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire Choice BrokingOpen IIFL Securities Account

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Choice Broking Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading IIFL Securities NRI Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot
Enquire Choice BrokingOpen IIFL Securities Account

Other Charges

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

  Choice Broking IIFL 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 IIFL Securities NRI Account Margin

  Choice Broking Margin IIFL Securities 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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Choice Broking and IIFL Securities NRI Account Features

  Choice Broking IIFL Securities
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes Yes
Other Features
Enquire Choice BrokingOpen IIFL Securities Account

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Choice Broking Vs IIFL Securities NRI Account Review

  Choice Broking Review IIFL Securities Review
  7 Customer Reviews    Rate Choice Broking 119 Customer Reviews    Rate IIFL Securities
Fees 4.4 2.8
Brokerage 4.1 2.6
Trading Platform 4.4 3.2
Customer Service 4.0 2.7
Overall Rating Rated 4.1 stars Rated 2.7 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews IIFL Securities is Rated 2.7 / 5 based on 119 customer reviews
Enquire Choice BrokingOpen IIFL Securities Account

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Contact Broker / Request A Call Back

  Choice Broking Enquire IIFL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Choice Broking Vs IIFL Securities NRI Investment Options

  Choice Broking IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options

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Choice Broking Vs IIFL Securities NRI Customer Service

  Choice Broking IIFL Securities
Customer Care Number 022-67079903, 9819545987 +91 22 4007 1000
Customer Care Email nri@choiceindia.com cs@iifl.com
Enquire Choice BrokingOpen IIFL Securities Account

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Choice Broking Vs IIFL Securities Order Type Offered for NRI Account

  Choice Broking IIFL Securities
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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Choice Broking Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Choice Broking IIFL 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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Enquire Choice BrokingOpen IIFL Securities Account
Compare Choice Broking Compare IIFL Securities
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