|
|
Save over 60% on Brokerage
We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...
Stock brokers in India have different views on the regulations by the USA government for the online trading facility to NRI.
Banks offering an NRI trading account (3-in-1 NRI Account) doesn't offer online trading to US-based NRIs (or counties follow FATCA). This is because they provide trading tips and research on their trading platform which is against the US SEC regulations.
Banks like ICICI, SBI, and HDFC doesn't offer online trading to NRI customers in India.
Note that US-based NRI customers can still open an NRI trading account with these banks but they have to trade offline by calling the broker us through a relationship manager.
Online Discount Brokers who don't offer trading tips and research services usually offer online trading to US-based NRIs. This includes brokers like Zerodha and ProStocks.
There US-based NRI customers can use the online trading software to place buy/sell requests in equities, equity derivatives, currency derivatives, MFs and IPOs in BSE and NSE.
Add a public comment...
