Tradeplus Vs SBI Securities 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.

• Experience of 15+ years in providing NRI financial services.
• Offers a 4-in-1 trading account.
• ESOP Trading is allowed for NRIs.
• Margin trading and BTST (Buy Today and Sell Tomorrow) are offered for NRO Account.

1. The largest bank in India with the highest number of branches.
2. Offer 3 in 1 account for convenient online trading
3. Free expert recommendations on trading & investments
4. Assistance from Relationship Managers
5. SBI securities NRI opening fees are lowest among full-service brokers.
6. Mutual fund services are available to NRIs who don't have a trading account.

1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
3. Doesn't offer Good-till canceled (GTC) order.

Tradeplus is an excellent choice for NRI traders who want to trade using their NRO accounts. For such investors, the broker provides special facilities like margin trading and BTST (Buy Today and Sell Tomorrow) under NRO accounts which is not available with any other stock broker. The discount broker offers a 4-in-1 account in collaboration with Yes, HDFC and Axis bank which makes trading more convenient. However, the charges for call & trade services are on a higher side.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.