HDFC Securities Vs Choice Broking NRI Account Comparison

1. Offers 3-in-1 NRI account for trading and investment.
2. A subsidiary of renowned HDFC Bank.
3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
4. Offers AMO and GTC order facility.
5. Research team offers trading and investment recommendations.
6. Assistance from Relationship Managers.
7. Offers loan facility against securities held in NRI demat account.

• 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.

1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
2. Doesn't offer online trading to USA and Canada based NRIs.

• 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.

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

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.