Best NRI Trading Account in India

NRI stock brokers can be categorized into 2 types:

1. NRI Full-services Broker
2. NRI Discount Stock Broker

1. NRI Full-service brokers

   They offer a wide range of services including online stock trading, dedicated relationship manager with personalized service, research & advisory, and other wealth management solutions. Those with banking licenses such as SBI Capital, HDFC Securities, Axis Direct, ICICI Direct, etc., also offer 4-in-1 or 3-in-1 Trading account wherein NRI Bank Accounts (NRE & NRO), PIS Account, Trading, and Demat account are linked to each other for trading convenience.

2. NRI Discount stock brokers

   They offer limited no-frill trading services including online trading and investment in Equity, F&O, MF, IPO, Bonds. They charge a very low brokerage in comparison with full-service brokers.

   NRI discount brokers like Zerodha, Prostocks, Tradeplus, and Tradejini are known for the low-cost NRI brokerage plans and advanced trading platforms. Online discount brokers don't offer research and financial advisory services.

Popular stock broker for NRI in India includes Zerodha, ICICIDirect, Tradeplus, Sharekhan, Motilal Oswal, etc. Many of these NRI brokers in India also offer convenient services like dedicated NRI desks, Call n Trade, Good-till-cancelled orders (GTC), After Market Orders (AMO), Stock Recommendations and Online Trading Platform including a mobile trading app for NRI to conveniently trade from foreign countries.

Note

1. Discount brokers do not offer NRI Bank Accounts (PIS) as they don't have a banking license. You have to open this account with an authorized bank before opening the trading and demat account with a discount stock broker.
2. Some NRI stock brokers in India do not offer their services to NRI based in the US and Canada due to additional compliance as per FATCA and CRS regulations. The US and Canada based NRI are therefore requested to check with the broker before applying for an NRI trading account with them.
3. Some NRI brokers require you to be physically present in India while opening the NRI trading & demat accounts. Please read our NRI broker reviews to know about the NRI trading account opening process to know in detail.