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Choice Broking Vs Trustline NRI Account Comparison

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

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

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

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Choice Broking Vs Trustline

  Choice Broking Trustline
 
Choice Equity Broking Private Limited Logo Trustline Securities Ltd 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 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 Trading
Broker Enquiry Open an Online Trading Account with Choice Broking. 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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Choice Broking Vs Trustline Charges

  Choice Broking Trustline
NRI Account Opening Fees ₹0 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Trustline
Account Type NRI Trading
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.03% 0.30 (30 paise)
Equity Options ₹100 per lot ₹75 per lot

Other Charges

Contract Note Reporting Charges NA ₹0
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 Trustline NRI Account Taxes/Fees

  Choice Broking 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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Choice Broking Vs Trustline NRI Account Exposure Margin

  Choice Broking Trustline
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 Trustline NRI Account Feature Comparison

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

  Choice Broking Trustline
  7 Customer Reviews    Rate Choice Broking 2 Customer Reviews    Rate Trustline
Fees 4.4 4.0
Brokerage 4.1 3.5
Trading Platform 4.4 4.5
Customer Service 4.0 4.5
Overall Rating Rated 4.1 stars Rated 4.5 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Trustline is Rated 4.5 / 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Trustline
Contact Broker
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Choice Broking Vs Trustline NRI Investment Options

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

  Choice Broking Trustline
Customer Care Number 022-67079903, 9819545987 (0120) 4613-888
Customer Care Email nri@choiceindia.com helpdesk@trustline.in
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Choice Broking Vs Trustline Order Type Offered for NRI Account

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

  Choice Broking Trustline
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.
  • 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
  • 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.
  • 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

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.

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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Choice Broking Vs Trustline - More Reviews

  Choice Broking Trustline
NRI Trading Review Choice Broking NRI Account Review Trustline NRI Account Review
Enquire Choice Broking Enquire Trustline
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