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IIFL Securities Vs Trustline NRI Account Comparison

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

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

Our IIFL Securities Ltd comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between IIFL Securities and Trustline NRI Account.

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IIFL Securities Vs Trustline

  IIFL Securities Trustline
 
  IIFL Securities Ltd Logo Trustline Securities Ltd Logo
About the Broker 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI Account
Special Offer
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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IIFL Securities Vs Trustline Charges

  IIFL Securities Trustline
NRI Account Opening Fees ₹750 ₹0
NRI Account AMC ₹400 + GST ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 250 (Free for 1st year) Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Trustline NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account Trustline
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges
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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IIFL Securities Vs Trustline NRI Account Taxes/Fees

  IIFL Securities Trustline
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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IIFL Securities Vs Trustline NRI Account Margin

  IIFL Securities Margin Trustline 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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IIFL Securities and Trustline NRI Account Features

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

  IIFL Securities Review Trustline Review
  124 Customer Reviews    Rate IIFL Securities 3 Customer Reviews    Rate Trustline
Fees 2.8 3.3
Brokerage 2.6 2.7
Trading Platform 3.2 3.7
Customer Service 2.6 3.3
Overall Rating Rated 2.7 stars Rated 3.3 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 124 customer reviews Trustline is Rated 3.3 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Trustline Enquire
Contact Broker Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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IIFL Securities Vs Trustline NRI Investment Options

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

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IIFL Securities Vs Trustline NRI Customer Service

  IIFL Securities Trustline
Customer Care Number +91 22 4007 1000 (0120) 4613-888
Customer Care Email cs@iifl.com helpdesk@trustline.in
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IIFL Securities Vs Trustline Order Type Offered for NRI Account

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

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IIFL Securities Vs Trustline - NRI Account Advantages and Disadvantages

  IIFL Securities Trustline
Pros
  • 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.
  • 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.
Cons
  • 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.
  • 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.
Conclusion

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.

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.

Promo / Offers

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, 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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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