Choice Broking Vs Zerodha NRI Account Comparison

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

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

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

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Choice Broking Vs Zerodha

  Choice Broking Zerodha
 
Choice Equity Broking Private Limited Logo Zerodha 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 Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha
Account Type NRI Trading NRI Account
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 Zerodha. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Zerodha Charges

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

Brokerage Plan

  Choice Broking Zerodha
Account Type NRI Trading NRI Account
Equity Delivery 0.50% 0.1% or max ₹200 per trade
Equity Futures 0.03% ₹100 per trade
Equity Options ₹100 per lot ₹100 per trade

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 per year Demat Account AMC: ₹300 yearly
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 Zerodha NRI Account Taxes/Fees

  Choice Broking Zerodha
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 Zerodha NRI Account Exposure Margin

  Choice Broking Zerodha
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 Zerodha NRI Account Feature Comparison

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

  Choice Broking Zerodha
  4 Customer Reviews    Rate Choice Broking 416 Customer Reviews    Rate Zerodha
Fees 4.8 3.7
Brokerage 4.5 4.3
Trading Platform 4.8 3.6
Customer Service 4.3 3.4
Overall Rating Rated 4.8 stars Rated 3.7 stars
Broker Rating Choice Broking is Rated 4.8 / 5 based on 4 customer reviews Zerodha is Rated 3.7 / 5 based on 416 customer reviews
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Contact Broker / Request A Call Back

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

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

  Choice Broking Zerodha
Customer Care Number 022-67079903, 9819545987 +91 80 4718 1888
Customer Care Email nri@choiceindia.com nridesk@zerodha.com
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Choice Broking Vs Zerodha Order Type Offered for NRI Account

  Choice Broking Zerodha
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Choice Broking Vs Zerodha - NRI Account Advantages and Disadvantages

  Choice Broking Zerodha
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.
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
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.
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
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.

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

Promo / Offers
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Choice Broking Vs Zerodha - More Reviews

  Choice Broking Zerodha
NRI Trading Review Choice Broking NRI Account Review Zerodha NRI Account Review
Enquire Choice Broking Enquire Zerodha
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