Chittorgarh.com Logo
Loading...

Choice Broking Vs SBI Securities NRI Account Comparison

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

Find out Choice Broking Vs SBI Securities which is better NRI Trading Account. See Choice Broking Vs SBI Securities which is best NRI Demat Account.

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

Expand

Choice Broking Vs SBI Securities

  Choice Broking SBI Securities
 
  Choice Equity Broking Private Limited Logo SBICAP 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 State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Trading NRI Account
Enquire Choice BrokingEnquire SBI Securities

Expand

Choice Broking Vs SBI Securities Charges

  Choice Broking SBI Securities
NRI Account Opening Fees ₹0 ₹2500
NRI Account AMC ₹0 ₹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) Rs 350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire Choice BrokingEnquire SBI Securities

Expand

Choice Broking Vs SBI Securities NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading SBI Securities NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.03%
Equity Options ₹100 per lot
Enquire Choice BrokingEnquire SBI Securities

Other Charges

Contract Note Reporting Charges NA ₹0
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%
Expand

Choice Broking Vs SBI Securities NRI Account Taxes/Fees

  Choice Broking SBI Securities
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.

Expand

Choice Broking Vs SBI Securities NRI Account Margin

  Choice Broking Margin SBI Securities 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.


Expand

Choice Broking and SBI Securities NRI Account Features

  Choice Broking SBI Securities
3-in-1 Account No Yes
Automated Trading No
Free Research And Tips Yes Yes
Other Features
Enquire Choice BrokingEnquire SBI Securities

Expand

Choice Broking Vs SBI Securities NRI Account Review

  Choice Broking Review SBI Securities Review
  7 Customer Reviews    Rate Choice Broking 147 Customer Reviews    Rate SBI Securities
Fees 4.4 3.2
Brokerage 4.1 2.7
Trading Platform 4.4 2.6
Customer Service 4.0 2.8
Overall Rating Rated 4.1 stars Rated 2.6 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
Enquire Choice BrokingEnquire SBI Securities

Expand

Contact Broker / Request A Call Back

  Choice Broking Enquire SBI Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
*

Choice Broking Vs SBI Securities NRI Investment Options

  Choice Broking SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

Expand

Choice Broking Vs SBI Securities NRI Customer Service

  Choice Broking SBI Securities
Customer Care Number 022-67079903, 9819545987 +91 22 6153 6900
Customer Care Email nri@choiceindia.com nri@sbicapsec.com
Enquire Choice BrokingEnquire SBI Securities

Expand

Choice Broking Vs SBI Securities Order Type Offered for NRI Account

  Choice Broking SBI Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

Expand

Choice Broking Vs SBI Securities - NRI Account Advantages and Disadvantages

  Choice Broking SBI Securities
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. 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.
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. 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.
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.

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.

Promo / Offers
Enquire Choice BrokingEnquire SBI Securities
Compare Choice Broking Compare SBI Securities
Compare More Brokers: