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Who should open an NRI trading account with a discount broker?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

  1. NRIs who are experienced traders and can choose stocks and trade on their own.
  2. Those who are looking to lower their trading costs.
  3. High volume traders.

Note-

  1. Some discount brokers in India do not offer their services to US and Canada based NRIs due to FATCA and CRS regulations. These regulations require additional compliance from the brokers. NRI traders of the US and Canada, therefore, must check before applying for the account opening with the brokers.
  2. Some full-service brokers don't allow NRIs to trade online. With such brokers, NRIs need to contact their Relationship Managers who will place orders on their instructions.


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