Fyers Vs Choice Broking NRI Account Comparison

Fyers Vs Choice Broking

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

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

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

 FyersChoice Broking
 
 Fyers LogoChoice Broking Logo
About the BrokerFyers is an online stock broker in India. Fyers offers regulated stock broking platforms that operate under SEBI and Stock Exchanges regulations and guidelines. It offers a 2-in-1 account combining trading and demat accounts with trading in Equity d...Know more about Fyers Securities LtdChoice 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 Limited
Account TypeNRI AccountNRI Trading
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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.

Fyers Vs Choice Broking Charges

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 FyersChoice Broking
NRI Account Opening FeesFree₹0
NRI Account AMCFree₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 0 (Free AMC for Lifetime)Rs 200 or as per plan. (1st year AMC free)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Fyers Vs Choice Broking NRI Account Brokerage Comparison

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Account TypeFyers NRI AccountChoice Broking NRI Trading
Equity Delivery₹50 and 0.5% for other services0.50%
Equity Futures₹50 per traded order0.03%
Equity Options₹50 per traded order₹100 per lot
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Other Charges

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Contract Note Reporting ChargesNANA
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%

Fyers Vs Choice Broking NRI Account Taxes/Fees

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 FyersChoice 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.

Fyers Vs Choice Broking NRI Account Margin

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 Fyers MarginChoice 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.

Fyers and Choice Broking NRI Account Features

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 FyersChoice Broking
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsNoYes
Other Features
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Fyers Vs Choice Broking NRI Account Review

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 Fyers ReviewChoice Broking Review
 38 Customer Reviews    Rate Fyers21 Customer Reviews    Rate Choice Broking
FeesRated 3.4 starsRated 3.6 stars
BrokerageRated 3.6 starsRated 2.8 stars
Trading PlatformRated 3.2 starsRated 3.2 stars
Customer ServiceRated 3.0 starsRated 3.0 stars
Overall RatingRated 3.0 starsRated 2.8 stars
Broker RatingFyers is Rated 3.0 / 5 based on 38 customer reviewsChoice Broking is Rated 2.8 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

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 Fyers EnquireFyers Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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.

Fyers Vs Choice Broking NRI Investment Options

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 FyersChoice Broking
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesYes
Other Investment Options

Fyers Vs Choice Broking NRI Customer Service

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 FyersChoice Broking
Customer Care Number080-45699999022-67079903, 9819545987
Customer Care Emailsupport@fyers.innri@choiceindia.com
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Fyers Vs Choice Broking Order Type Offered for NRI Account

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 FyersChoice Broking
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes

Fyers Vs Choice Broking - NRI Account Advantages and Disadvantages

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 FyersChoice Broking
Pros
  1. Free online account opening and AMC charges
  2. Free equity delivery trading. No brokerage for cash & carry trades.
  3. Discount stock broker offering ultra-low brokerage. Fyers charges flat Rs 20 per trade maximum brokerage across trading segments and irrespective of the size of the trade.
  4. No hidden charges. Very transparent fees/charges.
  5. In-house build trading platform offers flexibility to implement new features/services quickly.
  6. All trading software is available for free of charge.
  7. Fyers NRI account holders get access to research reports and economic calendar
  8. Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • 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.
Cons
  1. Fyers NRI account holders are not allowed to invest in currency derivatives.
  • 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.
Conclusion

Fyers is a good option for NRIs who want to invest in the stock market and mutual funds in India. It has a Zero account opening and AMC charges. It offers a convenient way to invest with low brokerage charges. Fyers NRI account opening contact number - 080-45699999 and Fyers NRI account opening email ID - support@fyers.in.

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

FyersSpecial Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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
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