Chittorgarh.com Logo
Loading...

SBI Securities Vs Trustline NRI Account Comparison

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

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

Our SBICAP Securities Ltd comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between SBI Securities and Trustline NRI Account.

Expand

SBI Securities Vs Trustline

  SBI Securities Trustline
 
  SBICAP Securities Ltd Logo Trustline Securities Ltd Logo
About the Broker 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI Account
Enquire SBI SecuritiesEnquire Trustline

Expand

SBI Securities Vs Trustline Charges

  SBI Securities Trustline
NRI Account Opening Fees ₹2500 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 350 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC ₹900 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SBI SecuritiesEnquire Trustline

Expand

SBI Securities Vs Trustline NRI Account Brokerage Comparison

Account Type SBI Securities NRI Account Trustline
Equity Delivery 0.75% 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot
Enquire SBI SecuritiesEnquire Trustline

Other Charges

Contract Note Reporting Charges ₹0 ₹0
Other Brokerage Charges
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

SBI Securities Vs Trustline NRI Account Taxes/Fees

  SBI Securities Trustline
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

SBI Securities Vs Trustline NRI Account Margin

  SBI Securities Margin Trustline 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

SBI Securities and Trustline NRI Account Features

  SBI Securities Trustline
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire SBI SecuritiesEnquire Trustline

Expand

SBI Securities Vs Trustline NRI Account Review

  SBI Securities Review Trustline Review
  147 Customer Reviews    Rate SBI Securities 2 Customer Reviews    Rate Trustline
Fees 3.2 4.0
Brokerage 2.7 3.5
Trading Platform 2.6 4.5
Customer Service 2.8 4.5
Overall Rating Rated 2.6 stars Rated 4.5 stars
Broker Rating SBI Securities is Rated 2.6 / 5 based on 147 customer reviews Trustline is Rated 4.5 / 5 based on 2 customer reviews
Enquire SBI SecuritiesEnquire Trustline

Expand

Contact Broker / Request A Call Back

  SBI Securities Enquire Trustline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
*

SBI Securities Vs Trustline NRI Investment Options

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

Expand

SBI Securities Vs Trustline NRI Customer Service

  SBI Securities Trustline
Customer Care Number +91 22 6153 6900 (0120) 4613-888
Customer Care Email nri@sbicapsec.com helpdesk@trustline.in
Enquire SBI SecuritiesEnquire Trustline

Expand

SBI Securities Vs Trustline Order Type Offered for NRI Account

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

Expand

SBI Securities Vs Trustline - NRI Account Advantages and Disadvantages

  SBI Securities Trustline
Pros
  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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
Cons
  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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
Conclusion

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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

Promo / Offers

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

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

Enquire SBI SecuritiesEnquire Trustline
Compare SBI Securities Compare Trustline
Compare More Brokers: