Indiabulls Vs Choice Broking NRI Account Comparison

The side-by-side comparison of Indiabulls and Choice Broking NRI Account. Compare Indiabulls Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and Indiabulls NRI Account reviews.

Find out Indiabulls Vs Choice Broking which is better NRI Trading Account. See Indiabulls Vs Choice Broking which is best NRI Demat Account.

Our Indiabulls Ventures Limited comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Indiabulls and Choice Broking NRI Account.

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Indiabulls Vs Choice Broking

  Indiabulls Choice Broking
 
Indiabulls Ventures Limited Logo Choice Equity Broking Private Limited Logo
About the Broker Indiabulls is a full-service stock broker that offers a range of trading and investment services to NRIs. It offers 2 in 1 accounts, combining demat and trading accounts for online trading across Equity, Equity Derivatives, IPOs, and Mutual Funds. P... Know more about Indiabulls Ventures Limited 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
Account Type NRI Account NRI Trading
Broker Enquiry Open an Online Trading Account with Indiabulls. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you.
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Indiabulls Vs Choice Broking Charges

  Indiabulls Choice Broking
NRI Account Opening Fees ₹2000 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 450 Rs 200 or as per plan. (1st year AMC free)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Indiabulls Vs Choice Broking NRI Account Brokerage Comparison

Brokerage Plan

  Indiabulls Choice Broking
Account Type NRI Account NRI Trading
Equity Delivery 0.50% 0.50%
Equity Futures 0.05% 0.03%
Equity Options 0.05% ₹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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Indiabulls Vs Choice Broking NRI Account Taxes/Fees

  Indiabulls Choice Broking
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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Indiabulls Vs Choice Broking NRI Account Exposure Margin

  Indiabulls Choice Broking
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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Indiabulls and Choice Broking NRI Account Feature Comparison

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

  Indiabulls Choice Broking
  50 Customer Reviews    Rate Indiabulls 6 Customer Reviews    Rate Choice Broking
Fees 3.4 4.3
Brokerage 3.1 4.2
Trading Platform 3.7 4.3
Customer Service 3.0 3.8
Overall Rating Rated 3.2 stars Rated 4.0 stars
Broker Rating Indiabulls is Rated 3.2 / 5 based on 50 customer reviews Choice Broking is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Choice Broking
Contact Broker
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Indiabulls Vs Choice Broking NRI Investment Options

  Indiabulls Choice Broking
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No Yes
Other Investment Options
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Indiabulls Vs Choice Broking NRI Customer Service

  Indiabulls Choice Broking
Customer Care Number 022 6144 6300 022-67079903, 9819545987
Customer Care Email helpdesk@indiabulls.com nri@choiceindia.com
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Indiabulls Vs Choice Broking Order Type Offered for NRI Account

  Indiabulls Choice Broking
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Indiabulls Vs Choice Broking - NRI Account Advantages and Disadvantages

  Indiabulls Choice Broking
Pros
  • Full-service broker offering research and recommendations tips.
  • Online investing with the Power Indiabulls trading platform.
  • Indiabulls is also an AMC. It offers a range of mutual funds to NRIs.
  • Indiabulls Ventures is part of the Indiabulls Group, a diversified financial services company.
  • 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.
Cons
  • It charges high brokerage as compared to the brokerage charged by discount brokers like Zerodha, and Prostocks for NRI trading.
  • Doesn't offer unlimited trades/discount brokerage to NRI customers.
  • A separate Custodial account has to open with HDFC for F&O trading.
  • 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.
Conclusion

Indiabulls is a good choice as a broker for NRI traders who need the online trading facility, research assistance, personalized services and prefer investing in mutual funds. It has a dedicated research team that helps traders in making informed investment decisions. The Power Indiabulls trading platform is an advanced online trading platform that offers many useful trading features to NRI investors. Except for higher brokerage, the services offered by Indiabulls to NRI customers are competitive.

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.

Promo / Offers
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Indiabulls Vs Choice Broking - More Reviews

  Indiabulls Choice Broking
NRI Trading Review Indiabulls NRI Account Review Choice Broking NRI Account Review
Enquire Indiabulls Enquire Choice Broking
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