Firstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivatives segments, with competitive brokerage rates and simplified tax reporting options.
NRIs are allowed to invest in Indian equities and derivatives but must follow RBI and SEBI regulations. Unlike resident investors, NRIs cannot complete the entire account opening process online and must submit certain physical documents and complete in-person verification (IPV).
Firstock offers two options to open an NRI trading account:
Firstock NRI brokerage charges for trading in Equity and Equity Derivatives.
| Transaction | Fee |
|---|---|
| NRI Account Opening Charges | |
| NRI Account AMC | |
| Equity Delivery Brokerage | 0.5% or Rs 200 per order, whichever is lower |
| Equity Future Brokerage | Rs 100 per executed order |
| Equity Options Brokerage | Rs 100 per executed order |
| Other Charges |
The investment options available to an NRI at Firstock.
| Investment Option | Status |
|---|---|
| Stocks | Yes |
| Mutual Funds | No |
| IPO | |
| Others |
Step 1 – Submit Online Application
Step 2 – Courier Signed Documents
You will need self-attested and notarized copies of:
In-Person Verification (IPV)
IPV is mandatory as per SEBI rules and can be completed via:
Trading in Futures & Options
Custodian forms are included in the downloadable application set; no separate request is needed.
| Feature | Status |
|---|---|
| 3-in-1 Account | No |
| Free Research and Tips | No |
| Automated Trading | |
| Other Features |
Firstock NRI Support Desk contact information. Find Firstock NRI contact number.
| Firstock NRI Helpline | Number |
|---|---|
| Firstock NRI Customer Care Number | |
| Firstock NRI Customer Care Email ID |
This is a limited-time offer. Open a Free Demat Account online and start trading today.
Here’s a clear explanation in simple words:
Firstock NRI Trading is a service by Firstock, a stockbroker in India, that allows Non-Resident Indians (NRIs) to invest and trade in the Indian stock market.
Through Firstock, NRIs can:
1. Buy and sell Indian shares (equity delivery).
2. Trade in Futures & Options (derivatives).
3. Choose between two types of accounts:
How it works:
Once your account is approved, you can fund it and begin trading.
Information on this page was last updated on Thursday, February 22, 2024
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