Geojit Vs Firstock NRI Account Comparison

Geojit Vs Firstock

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

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

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

 GeojitFirstock
 
 Geojit LogoFirstock Logo
About the BrokerGeojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ...Know more about Geojit BNP ParibasFirstock 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 TypeEquity (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.

Geojit Vs Firstock Charges

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 GeojitFirstock
NRI Account Opening Fees
NRI Account AMC
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 400 per yearRs 0 (Free)
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Geojit Vs Firstock NRI Account Brokerage Comparison

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Account TypeGeojit Firstock Equity (PIS)
Equity Delivery0.5% or Rs 200 per order, whichever is lower
Equity FuturesRs 100 per executed order
Equity OptionsRs 100 per executed order
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Other Charges

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Contract Note Reporting Charges
Other Brokerage ChargesEquity (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%

Geojit Vs Firstock NRI Account Taxes/Fees

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 GeojitFirstock
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.

Geojit Vs Firstock NRI Account Margin

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 Geojit 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.

Geojit and Firstock NRI Account Features

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 GeojitFirstock
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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Geojit Vs Firstock NRI Account Review

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 Geojit ReviewFirstock Review
 113 Customer Reviews    Rate Geojit1 Customer Reviews    Rate Firstock
FeesRated 3.5 starsRated 3.0 stars
BrokerageRated 3.2 starsRated 3.0 stars
Trading PlatformRated 3.9 starsRated 3.0 stars
Customer ServiceRated 3.7 starsRated 3.0 stars
Overall RatingRated 3.6 starsRated 3.0 stars
Broker RatingGeojit is Rated 3.6 / 5 based on 113 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

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 Geojit EnquireGeojit 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.

Geojit Vs Firstock NRI Investment Options

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 GeojitFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

Geojit Vs Firstock NRI Customer Service

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 GeojitFirstock
Customer Care Number+91 0484 3911777
Customer Care Emailcustomercare@geojit.com
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Geojit Vs Firstock Order Type Offered for NRI Account

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 GeojitFirstock
Bracket OrderNoNo
Cover OrderNoNo
After Market Order (AMO)NoNo
Good Till Cancelled (GTC)NoNo

Geojit Vs Firstock - NRI Account Advantages and Disadvantages

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 GeojitFirstock
Pros
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
  • 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
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
  • 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

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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.

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