Last updated on 10th Aug 2020
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In this article, we are listing Best Stock Brokers for NRI Trading in India.
As India is a growing economy, NRIs have massive trading and investing opportunities in Indian Stock Market. One has to go to correct route and channel to start investing in India. NRI Investment is for long term, so mainly focus on Equity Delivery, ETFs and Mutual Funds.
NRI (person residing outside India who is a citizen of India or a person of Indian origin), PIO or OCI card holders can trade in Indian stocks with NRO Investment Account as resident Indian or NRE Investment Account with Portfolio Investment Scheme (PIS).
NRI Accounts are controlled both by SEBI and RBI, so there are some restrictions on NRI trading. In the past, NRI can trade only in equity delivery, no exposures, no short selling, no BTST (Buy today sell tomorrow), no Currency derivative trading. Now NRIs can invest in Equity Delivery, allowed BTST orders, can trade in equity futures and currency derivatives with NRO/NRE account. NRIs can invest in mutual funds and IPOs also.
For more details please refer article - NRI Trading in India.
Below is the list of "Best Stock Brokers for NRI Trading in India."
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.
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).
TradePlus NRI Trading service includes trading in equities, futures, and options on NSE and BSE, Investment in IPO and Mutual Funds via NRO account is the easiest way for NRI's to invest.
In 2018 IIFL NRI service has won “Best Financial Advisory Services for [email protected] UAE – India Economic Forum” award. IIFL offers wide range of investment product which includes Equity Trading (Delivery), Derivatives Trading (Futures & Options – F&O), Mutual Funds Investment, NRI IPO investment, Portfolio Management Services (PMS), Bonds, ETFs and more via NRE or NRO bank account. IIFL has a dedicated relationship manager for NRI services and provides free market research to its customers. Online trading tools and mobile app is available free of cost for all IIFL customers as well as clients can use call and trade facility.
Sharekhan offers NRI Investment Service to trade online on NSE, BSE. Online investment on Mutual Funds is also available with the Sharekhan Trading platform. Sharekhan NRI account features are:
Kotak Securities NRI account gives you the power to buy equities, futures or options, and transferring funds between accounts. Basic Features of the NRI Account are:
Geojit has branch offices in Kuwait, Oman, Dubai, Saudi Arabia and providing NRI service to invest in India Market. They have a joint venture with a local group and providing service to NRI customers to invest in the local market as well as the Indian stock market. Geojit doesn't have an office in the USA or support US persons or US investors via their platform.
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