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Alice Blue Vs Choice Broking NRI Account Comparison

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

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

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

Alice Blue Vs Choice Broking

 Alice BlueChoice Broking
 
 Alice Blue LogoChoice Broking Logo
About the BrokerAlice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with us. NRI's ca...Know more about Alice Blue Financial ServicesChoice 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 TypeNANRI Trading
Special Offer
Special Offer: Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue 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.


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Alice Blue Vs Choice Broking Charges

 Alice BlueChoice Broking
NRI Account Opening FeesNA₹0
NRI Account AMCNA₹0
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 400Rs 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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Alice Blue Vs Choice Broking NRI Account Brokerage Comparison

Account TypeAlice Blue NAChoice Broking NRI Trading
Equity DeliveryNA0.50%
Equity FuturesNA0.03%
Equity OptionsNA₹100 per lot
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Other Charges

Contract Note Reporting ChargesNANA
Other Brokerage ChargesNADemat 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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Alice Blue Vs Choice Broking NRI Account Taxes/Fees

 Alice BlueChoice 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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Alice Blue Vs Choice Broking NRI Account Margin

 Alice Blue 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.


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Alice Blue and Choice Broking NRI Account Features

 Alice BlueChoice Broking
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsNoYes
Other Features
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Alice Blue Vs Choice Broking NRI Account Review

 Alice Blue ReviewChoice Broking Review
 40 Customer Reviews    Rate Alice Blue19 Customer Reviews    Rate Choice Broking
FeesRated 3.7 starsRated 3.8 stars
BrokerageRated 3.7 starsRated 2.9 stars
Trading PlatformRated 3.3 starsRated 3.3 stars
Customer ServiceRated 2.9 starsRated 3.1 stars
Overall RatingRated 3.1 starsRated 2.9 stars
Broker RatingAlice Blue is Rated 3.1 / 5 based on 40 customer reviewsChoice Broking is Rated 2.9 / 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

 Alice Blue EnquireAlice Blue Enquire
Contact Broker
Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue 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.
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Alice Blue Vs Choice Broking NRI Investment Options

 Alice BlueChoice Broking
StocksNoYes
Initial Public Offers (IPO)NoNo
Mutual FundsNoYes
Other Investment Options

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Alice Blue Vs Choice Broking NRI Customer Service

 Alice BlueChoice Broking
Customer Care Number022-67079903, 9819545987
Customer Care Emailnri@choiceindia.com
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Alice Blue Vs Choice Broking Order Type Offered for NRI Account

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

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Alice Blue Vs Choice Broking - NRI Account Advantages and Disadvantages

 Alice BlueChoice 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.
Cons
  • Alice Blue does not offer NRI trading and demat account.
  • 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

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

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

Alice BlueSpecial Offer

Free Equity Delivery Trade

Trade equity delivery in Rs 20 per executed order or 2.5% whichever is lower. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue 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.

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