Choice Broking Vs Religare 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.

• 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

• 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.

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.