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Geojit Vs Choice Broking NRI Account Comparison

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

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

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

Geojit Vs Choice Broking

 GeojitChoice Broking
 
 Geojit LogoChoice Broking Logo
About the BrokerGeojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ...Know more about Geojit BNP ParibasChoice 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 NRI ...Know more about Choice Equity Broking Private Limited
Account TypeNRI Trading
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - 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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - 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.


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Geojit Vs Choice Broking Charges

 GeojitChoice Broking
NRI Account Opening Fees₹0
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 400 per yearRs 200 or as per plan. (1st year AMC free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST

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Geojit Vs Choice Broking NRI Account Brokerage Comparison

Account TypeGeojit Choice Broking NRI Trading
Equity Delivery0.50%
Equity Futures0.03%
Equity Options₹100 per lot

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesDemat 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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Geojit Vs Choice Broking NRI Account Taxes/Fees

 GeojitChoice Broking
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 exercised 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 exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% 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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Geojit Vs Choice Broking NRI Account Margin

 Geojit MarginChoice Broking Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

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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Geojit and Choice Broking NRI Account Features

 GeojitChoice Broking
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesYes
Other Features

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Geojit Vs Choice Broking NRI Account Review

 Geojit ReviewChoice Broking Review
 113 Customer Reviews    Rate Geojit19 Customer Reviews    Rate Choice Broking
FeesRated 3.5 starsRated 3.8 stars
BrokerageRated 3.2 starsRated 2.9 stars
Trading PlatformRated 3.9 starsRated 3.3 stars
Customer ServiceRated 3.7 starsRated 3.1 stars
Overall RatingRated 3.6 starsRated 2.9 stars
Broker RatingGeojit is Rated 3.6 / 5 based on 113 customer reviewsChoice Broking is Rated 2.9 / 5 based on 19 customer reviews

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Contact Broker / Request A Call Back

 Geojit EnquireGeojit Enquire
Contact Broker
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.
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.
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Geojit Vs Choice Broking NRI Investment Options

 GeojitChoice Broking
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesYes
Other Investment Options

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Geojit Vs Choice Broking NRI Customer Service

 GeojitChoice Broking
Customer Care Number+91 0484 3911777022-67079903, 9819545987
Customer Care Emailcustomercare@geojit.comnri@choiceindia.com

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Geojit Vs Choice Broking Order Type Offered for NRI Account

 GeojitChoice Broking
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes

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Geojit Vs Choice Broking - NRI Account Advantages and Disadvantages

 GeojitChoice Broking
Pros
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
  • 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.
Cons
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
  • 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.
Conclusion

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews