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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
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 IIFL Securities. Leave your contact info and we will get in touch with you.
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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
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Choice Broking Vs IIFL Securities NRI Account Brokerage Comparison

Brokerage Plan

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

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 Exposure Margin

  Choice Broking IIFL 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 IIFL Securities NRI Account Feature Comparison

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

  Choice Broking IIFL Securities
  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
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Contact Broker / Request A Call Back

  Choice Broking IIFL Securities
Contact Broker
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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
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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
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Choice Broking Vs IIFL Securities - More Reviews

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