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Choice Broking Vs Kotak Securities NRI Account Comparison

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

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

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

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Choice Broking Vs Kotak Securities

  Choice Broking Kotak Securities
 
  Choice Equity Broking Private Limited Logo Kotak Securities Ltd Logo
About the Broker 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 Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak Securities Ltd
Account Type NRI Trading NRI Account
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Choice Broking Vs Kotak Securities Charges

  Choice Broking Kotak Securities
NRI Account Opening Fees ₹0 ₹3750
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 600
PIS Account AMC NA ₹1000
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Kotak Securities NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading Kotak Securities NRI Account
Equity Delivery 0.50% 1.00%
Equity Futures 0.03% 1.00%
Equity Options ₹100 per lot 1.00%
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges Demat Account AMC - ₹200 per year Average Quarterly Balance: ₹10000
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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Choice Broking Vs Kotak Securities NRI Account Taxes/Fees

  Choice Broking Kotak 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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Choice Broking Vs Kotak Securities NRI Account Margin

  Choice Broking Margin Kotak 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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Choice Broking and Kotak Securities NRI Account Features

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

  Choice Broking Review Kotak Securities Review
  9 Customer Reviews    Rate Choice Broking 172 Customer Reviews    Rate Kotak Securities
Fees 4.2 2.4
Brokerage 3.6 2.3
Trading Platform 3.8 3.2
Customer Service 3.6 2.8
Overall Rating Rated 3.6 stars Rated 2.4 stars
Broker Rating Choice Broking is Rated 3.6 / 5 based on 9 customer reviews Kotak Securities is Rated 2.4 / 5 based on 172 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Kotak Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.
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Choice Broking Vs Kotak Securities NRI Investment Options

  Choice Broking Kotak Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options

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Choice Broking Vs Kotak Securities NRI Customer Service

  Choice Broking Kotak Securities
Customer Care Number 022-67079903, 9819545987 022 6689 6000, 022 6652 9191
Customer Care Email nri@choiceindia.com nricustomerservice@kotak.com
Enquire Choice BrokingEnquire Kotak Securities

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Choice Broking Vs Kotak Securities Order Type Offered for NRI Account

  Choice Broking Kotak Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

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Choice Broking Vs Kotak Securities - NRI Account Advantages and Disadvantages

  Choice Broking Kotak Securities
Pros
  • 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.
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
Cons
  • 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.
  1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
Conclusion

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.

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

Promo / Offers

Kotak 3-in-1 Account

Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF.

Looking for an online trading account? Request Callback from a stock broker.

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