Kotak Securities Vs Trustline NRI Account Comparison

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.

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.

• 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.

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.

• 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.

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.

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.