The side-by-side comparison of Choice Broking and Religare NRI Account. Compare Choice Broking Vs Religare NRI Account brokerage charges, exposure margin, demat account and AMC. Read Religare and Choice Broking NRI Account reviews.
Find out Choice Broking Vs Religare which is better NRI Trading Account. See Choice Broking Vs Religare which is best NRI Demat Account.
Our Choice Equity Broking Private Limited comparison with Religare highlights the major differences between two brokers. Find the best between Choice Broking and Religare NRI Account.
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...
Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds.
Religareo...
Account Type
NRI Trading
NRI Account
Special Offer
Zerodha (Trade with the best stock broker)
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.
Zerodha (Trade with the best stock broker)
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.
Choice Broking Vs Religare Charges
Choice Broking
Religare
NRI Account Opening Fees
₹0
NRI Account AMC
₹0
NRI Demat Account Opening Fees
Rs 0 (Free)
Nil
NRI Demat Account AMC
Rs 200 or as per plan. (1st year AMC free)
Rs 400 from second year onward
PIS Account AMC
NA
NA
RBI approval for PIS (One time)
₹500 + GST
₹500 + GST
Choice Broking Vs Religare NRI Account Brokerage Comparison
Account Type
Choice Broking NRI Trading
Religare NRI Account
Equity Delivery
0.50%
Equity Futures
0.03%
Equity Options
₹100 per lot
Other Charges
Contract Note Reporting Charges
NA
NA
Other Brokerage Charges
Demat Account AMC - ₹200 per year
ODIN Diet: ₹999 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%
Choice Broking Vs Religare NRI Account Taxes/Fees
Choice Broking
Religare
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)
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.
Choice Broking Vs Religare NRI Account Margin
Choice Broking Margin
Religare 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.
Choice Broking and Religare NRI Account Features
Choice Broking
Religare
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
Choice Broking Vs Religare NRI Account Review
Choice Broking Review
Religare Review
16 Customer Reviews
77 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
Choice Broking is Rated 3.0 / 5 based on 16 customer reviews
Religare is Rated 2.9 / 5 based on 77 customer reviews
Contact Broker / Request A Call Back
Choice Broking Enquire
Religare Enquire
Contact Broker
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.
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.
Choice Broking Vs Religare NRI Investment Options
Choice Broking
Religare
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Choice Broking Vs Religare NRI Customer Service
Choice Broking
Religare
Customer Care Number
022-67079903, 9819545987
0120 6130300
Customer Care Email
nri@choiceindia.com
wecare@religareonline.com
Choice Broking Vs Religare Order Type Offered for NRI Account
Choice Broking
Religare
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
Choice Broking Vs Religare - NRI Account Advantages and Disadvantages
Choice Broking
Religare
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.
Dedicated NRI Invest team and relationship managers to all NRIs.
Free research, recommendation and trading tips to NRIs.
NRIs can hedge the portfolio risk using futures and options trading facility.
Offers Mutual Fund services to NRIs
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.
Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
Religare doesn't offer automated trading to the investors.
Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
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.
Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.
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