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Choice Broking Vs Geojit NRI Account Comparison

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

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

Our Choice Equity Broking Private Limited comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between Choice Broking and Geojit NRI Account.

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Choice Broking Vs Geojit

  Choice Broking Geojit
 
  Choice Equity Broking Private Limited Logo Geojit BNP Paribas 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 Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas
Account Type NRI Trading
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Choice Broking Vs Geojit Charges

  Choice Broking Geojit
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) NIL
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 700
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Geojit NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading Geojit
Equity Delivery 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot
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Other Charges

Contract Note Reporting Charges NA
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%
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Choice Broking Vs Geojit NRI Account Taxes/Fees

  Choice Broking Geojit
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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Choice Broking Vs Geojit NRI Account Margin

  Choice Broking Margin Geojit 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.


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Choice Broking and Geojit NRI Account Features

  Choice Broking Geojit
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes Yes
Other Features
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Choice Broking Vs Geojit NRI Account Review

  Choice Broking Review Geojit Review
  9 Customer Reviews    Rate Choice Broking 102 Customer Reviews    Rate Geojit
Fees 4.2 3.6
Brokerage 3.6 3.3
Trading Platform 3.8 4.0
Customer Service 3.6 3.8
Overall Rating Rated 3.6 stars Rated 3.7 stars
Broker Rating Choice Broking is Rated 3.6 / 5 based on 9 customer reviews Geojit is Rated 3.7 / 5 based on 102 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Geojit Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Choice Broking Vs Geojit NRI Investment Options

  Choice Broking Geojit
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options

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Choice Broking Vs Geojit NRI Customer Service

  Choice Broking Geojit
Customer Care Number 022-67079903, 9819545987 +91 0484 3911777
Customer Care Email nri@choiceindia.com customercare@geojit.com
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Choice Broking Vs Geojit Order Type Offered for NRI Account

  Choice Broking Geojit
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes

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Choice Broking Vs Geojit - NRI Account Advantages and Disadvantages

  Choice Broking Geojit
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.
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
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.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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