Anand Rathi Vs Choice Broking NRI Account Comparison

Anand Rathi Vs Choice Broking

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

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

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

 Anand RathiChoice Broking
 
 Anand Rathi LogoChoice Broking Logo
About the BrokerAnand Rathi offers NRI Trading Account that enables NRIs to invest in Stocks, Mutual Funds, ETFs and Debt Funds in India Stock Markets. Anand Rathi is a full-service broker offering a wide range of services to NRIs. This includes online trading/inves...Know more about Anand RathiChoice 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 AccountNRI 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.

Anand Rathi Vs Choice Broking Charges

Expand
 Anand RathiChoice Broking
NRI Account Opening FeesRs 0₹0
NRI Account AMCRs 0₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMC450 + GST 18% = 532 (1st year free)Rs 200 or as per plan. (1st year AMC free)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST

Anand Rathi Vs Choice Broking NRI Account Brokerage Comparison

Expand
Account TypeAnand Rathi NRI AccountChoice Broking NRI Trading
Equity Delivery0.30%0.50%
Equity Futures0.03%0.03%
Equity OptionsRs 50 per lot₹100 per lot

Other Charges

Expand
Contract Note Reporting ChargesNANA
Other Brokerage ChargesDemat AMC: Rs 450 per yearDemat 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%

Anand Rathi Vs Choice Broking NRI Account Taxes/Fees

Expand
 Anand RathiChoice 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.

Anand Rathi Vs Choice Broking NRI Account Margin

Expand
 Anand Rathi 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.

Anand Rathi and Choice Broking NRI Account Features

Expand
 Anand RathiChoice Broking
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesYes
Other Features

Anand Rathi Vs Choice Broking NRI Account Review

Expand
 Anand Rathi ReviewChoice Broking Review
 18 Customer Reviews    Rate Anand Rathi21 Customer Reviews    Rate Choice Broking
FeesRated 3.1 starsRated 3.6 stars
BrokerageRated 3.2 starsRated 2.8 stars
Trading PlatformRated 3.0 starsRated 3.2 stars
Customer ServiceRated 3.2 starsRated 3.0 stars
Overall RatingRated 2.9 starsRated 2.8 stars
Broker RatingAnand Rathi is Rated 2.9 / 5 based on 18 customer reviewsChoice Broking is Rated 2.8 / 5 based on 21 customer reviews

Contact Broker / Request A Call Back

Expand
 Anand Rathi EnquireAnand Rathi 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.

Anand Rathi Vs Choice Broking NRI Investment Options

*
 Anand RathiChoice Broking
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesYes
Other Investment Options

Anand Rathi Vs Choice Broking NRI Customer Service

Expand
 Anand RathiChoice Broking
Customer Care Number0291 666 1001022-67079903, 9819545987
Customer Care Emailnridesk@rathi.comnri@choiceindia.com

Anand Rathi Vs Choice Broking Order Type Offered for NRI Account

Expand
 Anand RathiChoice Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

Anand Rathi Vs Choice Broking - NRI Account Advantages and Disadvantages

Expand
 Anand RathiChoice Broking
Pros
  • Advanced online trading platforms.
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • 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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • 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

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with a 3rd party before opening the NRI trading and demat account with the broker.

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

Compare Anand Rathi and Choice Broking with other NRI Brokers

Compare Anand RathiCompare Choice Broking
Anand Rathi Vs 5paisaChoice Broking Vs 5paisa
Anand Rathi Vs Aditya Birla MoneyChoice Broking Vs Aditya Birla Money
Anand Rathi Vs Alice BlueChoice Broking Vs Alice Blue
Anand Rathi Vs Angel OneChoice Broking Vs Angel One
Anand Rathi Vs AxisDirectChoice Broking Vs AxisDirect
Anand Rathi Vs FirstockChoice Broking Vs Firstock
Anand Rathi Vs FyersChoice Broking Vs Fyers
Anand Rathi Vs GeojitChoice Broking Vs Geojit
Anand Rathi Vs HDFC SecuritiesChoice Broking Vs HDFC Securities
Anand Rathi Vs ICICIdirectChoice Broking Vs ICICIdirect
Anand Rathi Vs Jainam BrokingChoice Broking Vs Jainam Broking
Anand Rathi Vs Kotak SecuritiesChoice Broking Vs Kotak Securities
Anand Rathi Vs Mirae Asset SharekhanChoice Broking Vs Mirae Asset Sharekhan
Anand Rathi Vs Motilal OswalChoice Broking Vs Motilal Oswal
Anand Rathi Vs ProstocksChoice Broking Vs Prostocks
Anand Rathi Vs SBI SecuritiesChoice Broking Vs SBI Securities
Anand Rathi Vs SMC GlobalChoice Broking Vs SMC Global
Anand Rathi Vs TradingoChoice Broking Vs Tradingo
Anand Rathi Vs Yes SecuritiesChoice Broking Vs Yes Securities
Anand Rathi Vs ZerodhaChoice Broking Vs Zerodha

Side-by-Side Comparison of Broker

Anand Rathi Vs Choice Broking NRI Account Comparison