Top 10 NRI Discount Stock Brokers in India

Top 10 NRI Discount Stock Brokers in India

NRI discount brokers, on the other hand, are new-age brokerage companies born in the internet age who offer their services through online trading platforms, focus on offering trading services only and don't have a lot of physical presence in terms of branch offices. Here's the complete list of NRI discount share brokers in India by active clients.

NRI Stock Brokers List (Discount Stock Broker)


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 discount brokerage companies' key USP is their brokerage rates. Discount brokers like erodha,Prostocks and Tradeplus etc., pioneered the flat fee brokerage system wherein a trader is charged a flat fee per order irrespective of the trading value. For example, Prostocks offer ₹100 Per Executed Order, the cheapest brokerage for NRI trading in India. When you compare the brokerage charges of discount brokers with full-service brokers, you will find at least a 60% difference in the brokerage fees.

The other USP of the NRI discount stock brokers is their online trading platforms. Right from the account opening process, trading to customer support, these brokers heavily leverage technology in their processes. Zerodha is the best discount brokerage firm when it comes to offering technology-enabled services to its customers. Beyond trading platforms, these companies also offer trading tools for trade analysis, algo trading, and portfolio management.