Zerodha > Trade @ ₹20 (Free Delivery)Know More
Free Account Opening + AMC Free Demat

Choice Broking Vs Firstock NRI Account Comparison

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

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

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

Choice Broking Vs Firstock

 Choice BrokingFirstock
 
 Choice Broking LogoFirstock 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 LimitedFirstock 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 derivati...Know more about Firstock Broking Private Limited
Account TypeNRI TradingEquity (PIS)
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: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.

Expand

Choice Broking Vs Firstock Charges

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

Expand

Choice Broking Vs Firstock NRI Account Brokerage Comparison

Account TypeChoice Broking NRI TradingFirstock Equity (PIS)
Equity Delivery0.50%0.5% or Rs 200 per order, whichever is lower
Equity Futures0.03%Rs 100 per executed order
Equity Options₹100 per lotRs 100 per executed order
Open Firstock Account

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesDemat Account AMC - ₹200 per yearEquity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
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%
Expand

Choice Broking Vs Firstock NRI Account Taxes/Fees

 Choice BrokingFirstock
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.

Expand

Choice Broking Vs Firstock NRI Account Margin

 Choice Broking MarginFirstock 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.


Expand

Choice Broking and Firstock NRI Account Features

 Choice BrokingFirstock
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
Open Firstock Account

Expand

Choice Broking Vs Firstock NRI Account Review

 Choice Broking ReviewFirstock Review
 19 Customer Reviews    Rate Choice Broking1 Customer Reviews    Rate Firstock
FeesRated 3.8 starsRated 3.0 stars
BrokerageRated 2.9 starsRated 3.0 stars
Trading PlatformRated 3.3 starsRated 3.0 stars
Customer ServiceRated 3.1 starsRated 3.0 stars
Overall RatingRated 2.9 starsRated 3.0 stars
Broker RatingChoice Broking is Rated 2.9 / 5 based on 19 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
Open Firstock Account

Expand

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.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
*

Choice Broking Vs Firstock NRI Investment Options

 Choice BrokingFirstock
StocksYesYes
Initial Public Offers (IPO)NoNo
Mutual FundsYesNo
Other Investment Options

Expand

Choice Broking Vs Firstock NRI Customer Service

 Choice BrokingFirstock
Customer Care Number022-67079903, 9819545987
Customer Care Emailnri@choiceindia.com
Open Firstock Account

Expand

Choice Broking Vs Firstock Order Type Offered for NRI Account

 Choice BrokingFirstock
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

Expand

Choice Broking Vs Firstock - NRI Account Advantages and Disadvantages

 Choice BrokingFirstock
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.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

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.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
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.

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

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

Open Firstock Account