IIFL Securities Vs SBI Securities NRI Account Comparison
The side-by-side comparison of IIFL Securities and SBI Securities NRI Account. Compare IIFL Securities Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and IIFL Securities NRI Account reviews.
Find out IIFL Securities Vs SBI Securities which is better NRI Trading Account. See IIFL Securities Vs SBI Securities which is best NRI Demat Account.
Our IIFL Securities Ltd comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best between IIFL Securities and SBI Securities NRI Account.
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...
State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist...
Account Type
NRI Account
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 (Flat Rs 20 Per Trade)
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.
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.
IIFL Securities Vs SBI Securities NRI Account Margin
IIFL Securities Margin
SBI 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.
IIFL Securities and SBI Securities NRI Account Features
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.
IIFL Securities Vs SBI Securities NRI Investment Options
IIFL Securities
SBI Securities
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Derivatives, FD
IIFL Securities Vs SBI Securities NRI Customer Service
IIFL Securities Vs SBI Securities Order Type Offered for NRI Account
IIFL Securities
SBI Securities
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Securities Vs SBI Securities - NRI Account Advantages and Disadvantages
IIFL Securities
SBI Securities
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.
The largest bank in India with the highest number of branches.
Offer 3 in 1 account for convenient online trading
Free expert recommendations on trading & investments
Assistance from Relationship Managers
SBI securities NRI opening fees are lowest among full-service brokers.
Mutual fund services are available to NRIs who don't have a trading account.
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.
Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
Doesn't offer Good-till canceled (GTC) order.
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.
SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.
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 +