Sharekhan 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.

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.

• 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

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.

• 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.

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.

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.