Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Ad www.AngelOne.in
Best Brokers for NRI Trading in India : Indian market has always become a preferred choice among overseas NRI investors due to its strong long-term growth potential, which leads to growing NRI trading in India. Indian stockbrokers are leveraging various NRI trading services such as a 3-in-1 NRI Trading Account (NRI Demat + NRI Trading + NRE or NRO Bank A/c), Zero NRI Demat AMC, Low NRI trading brokerage, and dedicated NRI customers’ service desk. NRI customers can open an NRI trading account with full-service brokers or discount brokers, however, each type of broker has its pros & cons. The article ranks the best NRI trading account in India, NRIs can consider recommended stock brokers to open NRI trading account.
To invest in the Indian stock market, NRIs must open an NRI Trading Account that allows them to trade or invest in shares, F&O, mutual funds, bonds, etc. Thus, the trading account for NRI facilitates them to execute all the stock market transactions in the equity delivery, F&O, and currency derivatives segments, however, NRI customers are not allowed to trade in equity intraday and commodity segment. Along with a trading account, they need an NRI Demat Account and an NRI Bank account.
NRI Full-service brokers offer NRI trading with many add-on features; dedicated NRI relationship manager, dedicated NRI service desk, Portfolio Management Services (PMS), call & trade, Good-till-cancelled (GTC) order, research & recommendations, and therefore charge comparatively high brokerage rates. Unlike this, NRI Discount brokers offer only NRI Trading & Demat Account as a platform to start online trading & investment in shares, mutual funds, equity F&O, currency F&O, bonds, etc. Due to the limited range of services, they offer comparatively low NRI trading brokerage plans and save NRI trading costs. Which broker is the best for NRI trading?, only be answered considering the requirements of NRI clients. If the brokerage is the selection criteria, discount brokers are the best option who charges the lowest NRI Trading brokerage. Unlike it, to avail a complete NRI trading service solution, and get personalized NRI services, opt for full-service brokers.
Below is the checklist of the Best Brokers for NRI trading in India , along with the brokerage charges comparison field. Select the right broker keeping in mind your trading & investing needs.
| Broker | Reason | Review | Request Callback |
|---|---|---|---|
| ProStocks | ProStocks NRI Investment Service includes trading in equities, futures, and options on NSE and BSE at the cheapest brokerage of Rs 100 per executed order. ProStocks NRI Account/NRO NON PIS Account features include.
Prostocks is first broker in India who is offering Online NRI trading account. For more visit visit "How can NRI open an online trading account (NRO NON PIS Trading Account) in India" page. |  | Open Account  |
| Zerodha | Zerodha offers NRI Trading Service with NRE as well as NRO Saving Account. With NRE saving account, cleint need PIS Account. Where with NRO saving account, clients can use Non PIS Trading account. For NRO Non PIS account the brokerage is Rs 100 per executed order (Equity, Equity Derivative), where with PIS account its 0.1% or Rs 200 per executed order for equity (whichever is lower).
| | Open Account |
| ICICIDirect | ICICI Direct 3-in-1 NRI Account is a one-stop-solution or the best NRI Trading platform for NRIs to invest in India from anywhere in the world. ICICI NRI 3-in-1 account serves the following benefits to NRIs;
| | Open Account |
| Kotak Securities | Kotak Securities NRI 3-in-1 account, Trinity account is an integrated account that offers seamless trading & investment experience to users. Here are the key services offered by Kotak Sec to NRI clients;
| | Open Account |
| HDFC Securities | HDFC Securities 3-in-1 NRI Investment Account is an integrated platform for NRI Demat + Trading + NRI Bank Saving Account. The 3-in-1 NRI Trading Account offers the following features;
| | Open Account |
Zerodha Free Demat Account | |||
| IIFL Securities | IIFL Securities offers NRI Demat & Trading account opening facility to customers and provides the below NRI trading features;
| | Open Account |
Prostocks is ranked as the best NRI Trading Account in India with the lowest NRI brokerage fee of Rs. 100 per trade. It is rated as the top broker for NRI because of the quick and hassle-free account opening process, free NRI Demat & Trading A/c, Zero NRI Demat AMC, flat brokerage model, and advanced trading platforms. Zerodha is another popular NRI discount broker in India while ICICI Direct, Kotak Securities, and HDFC Securities are the other most popular and recommended NRI full-service brokerage firms.
As per the regulations, NRI customers are allowed to trade in the following segments;
NRIs cannot trade in equity intraday and commodity derivative segment.
ProStocks is the best broker to open NRI Demat & Trading Account in India. It is the top broker for NRI due to the following reasons;
Zerodha avails the facility to open an NRI 2-in-1 account while NRIs have to open a bank account with any bank like IndusInd, Axis, HDFC, ICICI, etc. Zerodha has an attractive NRI Flat brokerage plan of Max Rs. 200 per order which makes Zerodha an excellent choice for NRI Trading. Zerodha NRI account allows online trading in equity delivery, equity F&O, and currency segment, however, the broker doesn’t provide a mutual fund investment facility to NRI customers.
Prostocks offers the cheapest NRI trading services to NRI customers. The online discount brokerage firm follows a flat brokerage model at Rs. 100 per order brokerage on all NRI trades regardless the actual trading volume.
Yes, NRI can open NRI 3-in-1 account; NRI Demat + NRI Trading + NRI Bank Account and invest in shares listed on the Indian stock exchanges like BSE and NSE. Thus, they can hold all the shares purchased through NRI Trading Account in the NRI Demat Account. Here, to trade on repatriation basis, NRI must open a NRE bank account and gets PIS approval from RBI however, to trade on nom-repatriation basis, they can open NRO bank account. NRI customers can also hold shares received in the form of gift purchased in the capacity of Indian resident.
To start trading in Indian market, NRI must open the following accounts in India;
There are two types of brokers who offer NRI trading services in India include full-service brokers and discount brokers. Which is the best NRI broker depends upon an individual’s requirements. Full-service brokers offer a complete solution to NRI clients including personal relationship manager, NRI service desk, PMS, research recommendations, etc. However, discount brokers provide NRI trading at the lowest flat brokerage model i.e. Max Rs. 200 per order.
Best NRI Discount Brokers in India
Zerodha and Prostocks are the two best NRI discount brokers in India. Prostock is the low-cost NRI trading broker that charges Rs. 100 flat brokerage on NRI trading while Zerodha charges Max Rs. 200 per order brokerage.
Best NRI Full-service brokers in India
ICICI Direct NRI 3-in-1 account is the top NRI full-service broker to trade in shares, F&O, currencies, IPO, and mutual funds. HDFC Securities and Kotak Securities are the other popular NRI full-service brokers.
No feedback found for this broker. Be the first to post the review.
Open Demat Account
