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Tradingo Vs IIFL Securities NRI Account Comparison

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

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

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

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Tradingo Vs IIFL Securities

  Tradingo IIFL Securities
 
  Tradingo (Swastika Investmart Ltd) Logo IIFL 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) 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 Standard Plan NRI Account
Open Tradingo AccountOpen IIFL Securities Account

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Tradingo Vs IIFL Securities Charges

  Tradingo IIFL Securities
NRI Account Opening Fees Rs 300 ₹750
NRI Account AMC Rs 0 ₹400 + GST
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 250 Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Tradingo AccountOpen IIFL Securities Account

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Tradingo Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Tradingo NRI Standard Plan IIFL Securities NRI Account
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
Open Tradingo AccountOpen IIFL Securities Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - Rs 300
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 IIFL Securities NRI Account Taxes/Fees

  Tradingo 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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Tradingo Vs IIFL Securities NRI Account Margin

  Tradingo 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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Tradingo and IIFL Securities NRI Account Features

  Tradingo IIFL Securities
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
Open Tradingo AccountOpen IIFL Securities Account

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Tradingo Vs IIFL Securities NRI Account Review

  Tradingo Review IIFL Securities Review
  6 Customer Reviews    Rate Tradingo 120 Customer Reviews    Rate IIFL Securities
Fees 4.2 2.8
Brokerage 4.7 2.6
Trading Platform 3.5 3.2
Customer Service 3.8 2.7
Overall Rating Rated 4.0 stars Rated 2.7 stars
Broker Rating Tradingo is Rated 4.0 / 5 based on 6 customer reviews IIFL Securities is Rated 2.7 / 5 based on 120 customer reviews
Open Tradingo AccountOpen IIFL Securities Account

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Contact Broker / Request A Call Back

  Tradingo Enquire IIFL Securities Enquire
Contact Broker Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer 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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Tradingo Vs IIFL Securities NRI Investment Options

  Tradingo IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Tradingo Vs IIFL Securities NRI Customer Service

  Tradingo IIFL Securities
Customer Care Number +91 9667657700,+91 9667658800 +91 22 4007 1000
Customer Care Email helpdesk@gotradingo.com cs@iifl.com
Open Tradingo AccountOpen IIFL Securities Account

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Tradingo Vs IIFL Securities Order Type Offered for NRI Account

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

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Tradingo Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Tradingo IIFL Securities
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.
  • 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
  • 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.
  • 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

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.

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

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

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.

Open Tradingo AccountOpen IIFL Securities Account

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