Sharekhan Vs IIFL 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.

1. One of the largest stock brokers in India.
2. Easy trading experience for NRI with 3 in 1 account.
3. Offers advanced trading platforms in desktop, mobile, and web versions.
4. Offers online Mutual Funds, IPOs and Bonds.
5. Offers PMS services for wealth management
6. A dedicated relationship manager to each NRI customer.
7. Offers hand holding to beginners in the stock market.

• Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
• Online account opening process for NRIs.
• Convenient Mutual Fund investment through a mobile app or website.
• Part of IIFL Group, a financial services conglomerate.

1. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
2. Brokerage and account opening charges are higher when compared to other full-service brokers.

• Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
• Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.