ICICIdirect Vs Yes Securities 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.

1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
3. It offers an online trading facility with automatic fund transfer and PIS reporting.
4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
6. It has a very stable trading platform.

• Offers NRI 3-in-1 account. Open all the three accounts at one shot.
• Provide free research tips and recommendations to all the customers including NRI.
• Dedicated relationship manager
• Earn 6% per annum interest on savings bank account balance.

1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.

• Charges higher brokerage in comparison to the discount brokers.
• Yes securities don't offer trading terminal and automated trading facility.
• Doesn't have a 24/7 customer support desk.
• NRIs cannot place GTC (Good Till Cancelled) order and AMO (After Market Order).

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Yes Bank is a full-service broker offering 3-in-1 NRI account for convenient online investing in India Stock Market. Online banking, trading and demat account make transactions easy for NRI customers. The broker also provides free research tips for stocks and mutual funds. Yes Bank NRI Investment account is recommended for Casual Investors who are ready to pay a higher brokerage for convenience.