IIFL Securities Vs Trustline NRI Account Comparison

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

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

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

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IIFL Securities Vs Trustline

  IIFL Securities Trustline
 
IIFL Securities Limited Logo Trustline Securities Ltd Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited 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
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Trustline. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs Trustline Charges

  IIFL Securities Trustline
NRI Account Opening Fees ₹750 ₹0
NRI Account AMC ₹400 + GST ₹1000 + GST
NRI Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹400 per year Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  IIFL Securities Trustline
Account Type NRI Account
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA ₹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%
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IIFL Securities Vs Trustline NRI Account Taxes/Fees

  IIFL 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.
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IIFL Securities Vs Trustline NRI Account Exposure Margin

  IIFL Securities Trustline
Equity Delivery
Equity Futures
Equity Options
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IIFL Securities and Trustline NRI Account Feature Comparison

  IIFL Securities Trustline
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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IIFL Securities Vs Trustline NRI Account Review

  IIFL Securities Trustline
  111 Customer Reviews    Rate IIFL Securities 1 Customer Reviews    Rate Trustline
Fees 2.8 4.0
Brokerage 2.6 3.0
Trading Platform 3.3 4.0
Customer Service 2.7 4.0
Overall Rating Rated 2.7 stars Rated 4.0 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 111 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Trustline
Contact Broker
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IIFL Securities Vs Trustline NRI Investment Options

  IIFL Securities Trustline
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options
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IIFL Securities Vs Trustline NRI Customer Service

  IIFL Securities Trustline
Customer Care Number +91 22 4007 1000 (0120) 4613-888
Customer Care Email cs@indiainfoline.com helpdesk@trustline.in
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IIFL Securities Vs Trustline Order Type Offered for NRI Account

  IIFL Securities Trustline
Bracket Order No No
Cover Order No Yes
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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IIFL Securities Vs Trustline - NRI Account Advantages and Disadvantages

  IIFL Securities Trustline
Pros
  • 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.
  • 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
  • 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.
  • 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

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.

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.

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IIFL Securities Vs Trustline - More Reviews

  IIFL Securities Trustline
NRI Trading Review IIFL Securities NRI Account Review Trustline NRI Account Review
Enquire IIFL Securities Enquire Trustline
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