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Choice Broking Vs Motilal Oswal NRI Account Comparison

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

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

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

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Choice Broking Vs Motilal Oswal

  Choice Broking Motilal Oswal
 
  Choice Equity Broking Private Limited Logo Motilal Oswal 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 Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd
Account Type NRI Trading NRI Investment Account
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Choice Broking Vs Motilal Oswal Charges

  Choice Broking Motilal Oswal
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Free (Rs 400 2nd year onward)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Motilal Oswal NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading Motilal Oswal NRI Investment Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot
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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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Choice Broking Vs Motilal Oswal NRI Account Taxes/Fees

  Choice Broking Motilal Oswal
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 Motilal Oswal NRI Account Margin

  Choice Broking Margin Motilal Oswal 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 Motilal Oswal NRI Account Features

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

  Choice Broking Review Motilal Oswal Review
  9 Customer Reviews    Rate Choice Broking 120 Customer Reviews    Rate Motilal Oswal
Fees 4.2 2.8
Brokerage 3.6 2.3
Trading Platform 3.8 3.0
Customer Service 3.6 2.6
Overall Rating Rated 3.6 stars Rated 2.4 stars
Broker Rating Choice Broking is Rated 3.6 / 5 based on 9 customer reviews Motilal Oswal is Rated 2.4 / 5 based on 120 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Motilal Oswal Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer
*

Choice Broking Vs Motilal Oswal NRI Investment Options

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

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Choice Broking Vs Motilal Oswal NRI Customer Service

  Choice Broking Motilal Oswal
Customer Care Number 022-67079903, 9819545987
Customer Care Email nri@choiceindia.com
Enquire Choice BrokingEnquire Motilal Oswal

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Choice Broking Vs Motilal Oswal Order Type Offered for NRI Account

  Choice Broking Motilal Oswal
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes

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Choice Broking Vs Motilal Oswal - NRI Account Advantages and Disadvantages

  Choice Broking Motilal Oswal
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. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
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. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
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.

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

Promo / Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

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