ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstockThe side-by-side comparison of AxisDirect and Choice Broking NRI Account. Compare AxisDirect Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and AxisDirect NRI Account reviews.
Find out AxisDirect Vs Choice Broking which is better NRI Trading Account. See AxisDirect Vs Choice Broking which is best NRI Demat Account.
Our Axis Securities comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between AxisDirect and Choice Broking NRI Account.
| AxisDirect | Choice Broking | |
|---|---|---|
 |  | |
| About the Broker | Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account.
Axis Bank has 10 international branch offices across the w... | Choice 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 ... |
| Account Type | NRI Account | NRI Trading |
| 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. | 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. |
| AxisDirect | Choice Broking | |
|---|---|---|
| NRI Account Opening Fees | ₹2500 | ₹0 |
| NRI Account AMC | ₹0 | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 750 (free for 1st year) | Rs 200 or as per plan. (1st year AMC free) |
| PIS Account AMC | NA | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Account Type | AxisDirect NRI Account | Choice Broking NRI Trading |
|---|---|---|
| Equity Delivery | 0.75% | 0.50% |
| Equity Futures | 0.05% | 0.03% |
| Equity Options | Intraday: 1p per lot, Carry Forward: ₹10 per lot | ₹100 per lot |
| Contract Note Reporting Charges | NA | |
| Other Brokerage Charges | PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50 | Demat 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% |
| AxisDirect | Choice Broking | |
|---|---|---|
| Securities Transaction Tax (STT) |
|
|
| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% 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. |
| AxisDirect Margin | Choice Broking Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
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. | ||
| AxisDirect | Choice Broking | |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | ||
| AxisDirect Review | Choice Broking Review | |
|---|---|---|
89 Customer Reviews  | 19 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  |  |
| Customer Service |  |  |
| Overall Rating | | |
| Broker Rating | AxisDirect is Rated 2.0 / 5 based on 89 customer reviews | Choice Broking is Rated 2.9 / 5 based on 19 customer reviews |
| AxisDirect Enquire | AxisDirect 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. | 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. |
| AxisDirect | Choice Broking | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options |
| AxisDirect | Choice Broking | |
|---|---|---|
| Customer Care Number | +91 22 4257 0809 | 022-67079903, 9819545987 |
| Customer Care Email | nri@choiceindia.com | |
| AxisDirect | Choice Broking | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| AxisDirect | Choice Broking | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
Conclusion | AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance. | 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
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
