Finvasia Vs Alice Blue NRI Account Comparison

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.

• Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
• Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
• NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.

• Finvasia charges technology costs to provide access to some of the trading platforms.
• It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
• Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.

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

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

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.