Tradeplus Vs IIFL Securities 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.

• Experience of 15+ years in providing NRI financial services.
• Offers a 4-in-1 trading account.
• ESOP Trading is allowed for NRIs.
• Margin trading and BTST (Buy Today and Sell Tomorrow) are offered for NRO Account.

• 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.

• 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.

Tradeplus is an excellent choice for NRI traders who want to trade using their NRO accounts. For such investors, the broker provides special facilities like margin trading and BTST (Buy Today and Sell Tomorrow) under NRO accounts which is not available with any other stock broker. The discount broker offers a 4-in-1 account in collaboration with Yes, HDFC and Axis bank which makes trading more convenient. However, the charges for call & trade services are on a higher side.

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.