Last updated on 21st May 2019
by Team Top Share Brokers
In this article we are listing Best Stock Brokers for NRI Trading in India.
NRI Trading is a hot area for investment, as the number of NRI is increasing day by day, and they want to invest their savings in Indai. India is a growing economy. Which makes NRIs to invest their savings in India Stock market and Mutual Funds. NRI Investment are for long term, so mainly focus on Equity Delivery, EFTs and Mutual funds.
NRI ("person resident outside India" who is a citizen of India or is 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 "Top 5 Stock Brokers for NRI Trading Account".
Zerodha offers NRI Trading Services @ Rs 200 per executable order for Equity and F&O. Zerodha NRI account features are :
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.
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 features include.
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:
Finvasia 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 trade.
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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