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Choice Broking Vs Tradingo NRI Account Comparison

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

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

Our Choice Equity Broking Private Limited comparison with Tradingo (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between Choice Broking and Tradingo NRI Account.

Choice Broking Vs Tradingo

 Choice BrokingTradingo
 
 Choice Broking LogoTradingo Logo
About the BrokerChoice 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 LimitedTradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien...Know more about Tradingo (Swastika Investmart Ltd)
Account TypeNRI TradingNRI Standard Plan
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.

Special Offer: Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer

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Choice Broking Vs Tradingo Charges

 Choice BrokingTradingo
NRI Account Opening Fees₹0Rs 300
NRI Account AMC₹0Rs 0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0
NRI Demat Account AMCRs 200 or as per plan. (1st year AMC free)Rs 250 +GST (From 2nd Year)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Choice Broking Vs Tradingo NRI Account Brokerage Comparison

Account TypeChoice Broking NRI TradingTradingo NRI Standard Plan
Equity Delivery0.50%PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade
Equity Futures0.03%Rs 50 per executed order
Equity Options₹100 per lotRs 50 per executed order
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Other Charges

Contract Note Reporting ChargesNANA
Other Brokerage ChargesDemat Account AMC - ₹200 per yearDemat Account AMC - Rs 300
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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Choice Broking Vs Tradingo NRI Account Taxes/Fees

 Choice BrokingTradingo
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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Choice Broking Vs Tradingo NRI Account Margin

 Choice Broking MarginTradingo 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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Choice Broking and Tradingo NRI Account Features

 Choice BrokingTradingo
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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Choice Broking Vs Tradingo NRI Account Review

 Choice Broking ReviewTradingo Review
 19 Customer Reviews    Rate Choice Broking6 Customer Reviews    Rate Tradingo
FeesRated 3.8 starsRated 4.2 stars
BrokerageRated 2.9 starsRated 4.7 stars
Trading PlatformRated 3.3 starsRated 3.5 stars
Customer ServiceRated 3.1 starsRated 3.8 stars
Overall RatingRated 2.9 starsRated 4.0 stars
Broker RatingChoice Broking is Rated 2.9 / 5 based on 19 customer reviewsTradingo is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

 Choice Broking EnquireChoice Broking 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.
Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer
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Choice Broking Vs Tradingo NRI Investment Options

 Choice BrokingTradingo
StocksYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsYesYes
Other Investment Options

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Choice Broking Vs Tradingo NRI Customer Service

 Choice BrokingTradingo
Customer Care Number022-67079903, 9819545987+91 9667657700,+91 9667658800
Customer Care Emailnri@choiceindia.comhelpdesk@gotradingo.com
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Choice Broking Vs Tradingo Order Type Offered for NRI Account

 Choice BrokingTradingo
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesNo

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Choice Broking Vs Tradingo - NRI Account Advantages and Disadvantages

 Choice BrokingTradingo
Pros
  • 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.
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
Cons
  • 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.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
Conclusion

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.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

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.

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TradingoSpecial Offer

Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery and pay Rs 20 per executed order or 0.05% (whichever is lower) brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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