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Zerodha Vs Firstock NRI Account Comparison

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

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

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

Zerodha Vs Firstock

 ZerodhaFirstock
 
 Zerodha LogoFirstock Logo
About the BrokerZerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account...Know more about ZerodhaFirstock 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 AccountEquity (PIS)
Special Offer
Special Offer: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha 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.

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Zerodha Vs Firstock Charges

 ZerodhaFirstock
NRI Account Opening Fees₹500
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 300Rs 0 (Free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Zerodha AccountOpen Firstock Account

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Zerodha Vs Firstock NRI Account Brokerage Comparison

Account TypeZerodha NRI AccountFirstock Equity (PIS)
Equity Delivery₹100 per trade (non-PIS), ₹200 per trade (PIS)0.5% or Rs 200 per order, whichever is lower
Equity Futures₹100 per trade (non-PIS), ₹200 per trade (PIS)Rs 100 per executed order
Equity Options₹100 per trade (non-PIS), ₹200 per trade (PIS)Rs 100 per executed order
Open Zerodha AccountOpen Firstock Account

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesDemat Account AMC: ₹300 yearlyEquity (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%
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Zerodha Vs Firstock NRI Account Taxes/Fees

 ZerodhaFirstock
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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Zerodha Vs Firstock NRI Account Margin

 Zerodha 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.


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Zerodha and Firstock NRI Account Features

 ZerodhaFirstock
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsNoNo
Other Features
Open Zerodha AccountOpen Firstock Account

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Zerodha Vs Firstock NRI Account Review

 Zerodha ReviewFirstock Review
 491 Customer Reviews    Rate Zerodha1 Customer Reviews    Rate Firstock
FeesRated 3.6 starsRated 3.0 stars
BrokerageRated 4.2 starsRated 3.0 stars
Trading PlatformRated 3.6 starsRated 3.0 stars
Customer ServiceRated 3.4 starsRated 3.0 stars
Overall RatingRated 3.6 starsRated 3.0 stars
Broker RatingZerodha is Rated 3.6 / 5 based on 491 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
Open Zerodha AccountOpen Firstock Account

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Contact Broker / Request A Call Back

 Zerodha EnquireZerodha Enquire
Contact Broker
Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha 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.
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Zerodha Vs Firstock NRI Investment Options

 ZerodhaFirstock
StocksYesYes
Initial Public Offers (IPO)NoNo
Mutual FundsNoNo
Other Investment Options

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Zerodha Vs Firstock NRI Customer Service

 ZerodhaFirstock
Customer Care Number+91 80 4718 1888
Customer Care Emailnridesk@zerodha.com
Open Zerodha AccountOpen Firstock Account

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Zerodha Vs Firstock Order Type Offered for NRI Account

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

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Zerodha Vs Firstock - NRI Account Advantages and Disadvantages

 ZerodhaFirstock
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
  • 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
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
  • 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

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

Promo / Offers

ZerodhaSpecial Offer

Free Stock Trading and Mutual Funds

  • Free account opening for everyone
  • Zero brokerage on Equity Delivery trades
  • Flat ₹20 per trade for Intraday and F&O
  • Zero brokerage on Mutual Fund investments
  • Trade with India's leading trading platform

Limited-time offer!
Open your instant Zerodha account online and start trading today.

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 Zerodha AccountOpen Firstock Account