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Choice Broking Vs Jainam Broking NRI Account Comparison

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

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

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

Choice Broking Vs Jainam Broking

 Choice BrokingJainam Broking
 
 Choice Broking LogoJainam Broking 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 LimitedJainam Broking Limited offers NRI (Non-Resident Indian) trading services, allowing NRIs to invest in the Indian stock market through various routes, including direct equity investments and mutual funds. They provide online account opening and trading...Know more about Jainam Broking Limited
Account TypeNRI TradingDIY 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: Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account

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Choice Broking Vs Jainam Broking Charges

 Choice BrokingJainam Broking
NRI Account Opening Fees₹0Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
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
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Choice Broking Vs Jainam Broking NRI Account Brokerage Comparison

Account TypeChoice Broking NRI TradingJainam Broking DIY Plan
Equity Delivery0.50%Rs 18 per order
Equity Futures0.03%Rs 18 per order
Equity Options₹100 per lotRs 18 per order
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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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Choice Broking Vs Jainam Broking NRI Account Taxes/Fees

 Choice BrokingJainam 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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Choice Broking Vs Jainam Broking NRI Account Margin

 Choice Broking MarginJainam 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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Choice Broking and Jainam Broking NRI Account Features

 Choice BrokingJainam Broking
3-in-1 AccountNoNo
Automated TradingNoYes
Free Research And TipsYesNo
Other Features
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Choice Broking Vs Jainam Broking NRI Account Review

 Choice Broking ReviewJainam Broking Review
 19 Customer Reviews    Rate Choice Broking0 Customer Reviews    Rate Jainam Broking
FeesRated 3.8 starsRated undefined stars
BrokerageRated 2.9 starsRated undefined stars
Trading PlatformRated 3.3 starsRated undefined stars
Customer ServiceRated 3.1 starsRated undefined stars
Overall RatingRated 2.9 starsRated undefined stars
Broker RatingChoice Broking is Rated 2.9 / 5 based on 19 customer reviewsJainam Broking is Rated / 5 based on 0 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.
Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account
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Choice Broking Vs Jainam Broking NRI Investment Options

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

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Choice Broking Vs Jainam Broking NRI Customer Service

 Choice BrokingJainam Broking
Customer Care Number022-67079903, 9819545987+91261 6725555
Customer Care Emailnri@choiceindia.comcustomercare@jainam.in
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Choice Broking Vs Jainam Broking Order Type Offered for NRI Account

 Choice BrokingJainam Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

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Choice Broking Vs Jainam Broking - NRI Account Advantages and Disadvantages

 Choice BrokingJainam Broking
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.
  • User-Friendly Platform: Jainam Broking's online platform is designed for ease of use, simplifying trading and investment.
  • Low Fees: Jainam offers competitive pricing structures, which can reduce overall trading costs.
  • Diverse Investment Options: NRIs can invest in a wide range of securities, including stocks, mutual funds, bonds, and ETFs.
  • Strong Customer Support: Jainam Broking prioritises customer support to assist with any queries or issues.
  • Reliable Reputation: Jainam has a strong reputation as a trustworthy broker.
  • Fast and Simple Account Opening: Jainam offers a streamlined online account opening 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.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade 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.

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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Jainam BrokingSpecial Offer

Invest smart, invest simple — your journey begins at just ₹18 per order

Open a Free Demat Account online and start trading today.

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