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Choice Broking Vs Tradingo NRI Account Comparison

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

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

Our Choice Equity Broking Private Limited comparison with Tradingo (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between Choice Broking and Tradingo NRI Account.

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Choice Broking Vs Tradingo

  Choice Broking Tradingo
 
  Choice Equity Broking Private Limited Logo Tradingo (Swastika Investmart Ltd) Logo
About the Broker 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 NR... Know more about Choice Equity Broking Private Limited Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien... Know more about Tradingo (Swastika Investmart Ltd)
Account Type NRI Trading NRI Standard Plan
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.

Special Offer: Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer

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Choice Broking Vs Tradingo Charges

  Choice Broking Tradingo
NRI Account Opening Fees ₹0 Rs 300
NRI Account AMC ₹0 Rs 0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 250 +GST (From 2nd Year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Tradingo NRI Account Brokerage Comparison

Account Type Choice Broking NRI Trading Tradingo NRI Standard Plan
Equity Delivery 0.50% PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade
Equity Futures 0.03% Rs 50 per executed order
Equity Options ₹100 per lot Rs 50 per executed order
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 per year Demat Account AMC - Rs 300
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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Choice Broking Vs Tradingo NRI Account Taxes/Fees

  Choice Broking Tradingo
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 excersied 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 excersied options)
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.

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Choice Broking Vs Tradingo NRI Account Margin

  Choice Broking Margin Tradingo 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.


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Choice Broking and Tradingo NRI Account Features

  Choice Broking Tradingo
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes No
Other Features
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Choice Broking Vs Tradingo NRI Account Review

  Choice Broking Review Tradingo Review
  19 Customer Reviews    Rate Choice Broking 6 Customer Reviews    Rate Tradingo
Fees 3.8 4.2
Brokerage 2.9 4.7
Trading Platform 3.3 3.5
Customer Service 3.1 3.8
Overall Rating Rated 2.9 stars Rated 4.0 stars
Broker Rating Choice Broking is Rated 2.9 / 5 based on 19 customer reviews Tradingo is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Enquire Tradingo 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. Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer
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Choice Broking Vs Tradingo NRI Investment Options

  Choice Broking Tradingo
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options

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Choice Broking Vs Tradingo NRI Customer Service

  Choice Broking Tradingo
Customer Care Number 022-67079903, 9819545987 +91 9667657700,+91 9667658800
Customer Care Email nri@choiceindia.com helpdesk@gotradingo.com
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Choice Broking Vs Tradingo Order Type Offered for NRI Account

  Choice Broking Tradingo
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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Choice Broking Vs Tradingo - NRI Account Advantages and Disadvantages

  Choice Broking Tradingo
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.
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
Cons
  • 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.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
Conclusion

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.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

Promo / Offers

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

Tradingo Special Offer

Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery and pay Rs 20 per executed order or 0.05% (whichever is lower) brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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