Best NRI Trading Account in India

Best NRI Trading Account in India

Non-Resident Indians are a growing community spread around the world. NRI Trading in India is gaining momentum as Indian stock markets become an attractive investment destination for the investors' community. Sensing the demand, stock brokers in India has also started to woo NRI traders with attractive services like 3-in-1 NRI Trading Account , Zero AMC NRI Demat Account and Low Brokerage NRI Plans.

There are many stock brokers for NRI in India like ICICIDirect, Kotak Securities , Axis Direct ,Zerodha ,Prostocks etc. who offer trading and investment services in Equity, Derivatives, Mutual Funds, IPOs, and Bonds. Here's the complete list of NRI brokerage account in India with NRI trading account charges comparison.

Best Stock Broker for NRI in India

 

RankBrokerAcct Opening FeeActive ClientsBrokerageRequest CallbackReview
1 Sharekhan  552,8970.50% Open Account
2 AxisDirect  283,378 0.75% Open Account
3 Zerodha ₹5001,746,6140.1% or max ₹200 per trade Open Account
4 HDFC Securities  0.75% 729,868 Open Account
5 ICICI Direct  0.50% - 1.25% 1,091,830 Open Account
6 Kotak Securities  604,820 1.00% Open Account
7 IIFL Securities  228,4670.50% Open Account
8 Angel Broking  680,090   Open Account
9 Ventura  76,9060.40% Open Account
10 Karvy  215,2720.75% Open Account

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 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.

Frequently asked questions (FAQs)