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Best Brokers for NRI Trading in India

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Best Brokers for NRI Trading in India

The Indian market has always been a preferred choice for overseas NRI investors due to its strong long-term growth potential. To trade in the Indian market, NRIs need to open a demat account with any stockbroker in India. If you are an NRI and want to open an NRI trading account in India, here is a complete list of best NRI trading accounts in India. The list is recommended on the basis of NRI trading services, zero NRI Demat AMC, cheapest NRI trading brokerage fees and dedicated NRI service desk.

Features of the Best NRI Trading Account in India

NRIs can either open a 2-in-1 account (trading and demat account) with any discount broker or open a NRI 3-in-1 account (NRI demat account + NRI trading account + NRE/NRO bank account with PIS ) with any full-service broker.

NRI discount brokers provide a platform for NRI clients to trade and invest in equities, derivatives, mutual funds, IPO and other products. NRIs cannot trade intraday equities, commodities, and currency derivatives. Discount brokers do not offer additional services, such as a dedicated NRI service desk, research reports, etc. Therefore, they charge a comparatively low brokerage fee for NRI trading.

However, full-service NRI brokers offer many value-added services to NRI clients, such as a dedicated account manager, NRI service desk, stock research reports, call & trade services, etc. This is the reason why they charge comparatively high brokerage fees for NRI trading.

If you are looking for the lowest NRI brokerage fees, discount brokers are recommended for opening an NRI account. On the other hand, if you want additional services, you should open an account with a full-service NRI broker.

Before opening an NRI account, you should review key factors, including;

  • NRI Account opening fee and Demat maintenance (AMC) charge
  • Type of NRI account; 2-in-1 account or 3-in-1 account
  • NRI trading brokerage charge
  • NRI Trading Platform (Mobile App or Browser-enabled trading website)
  • Dedicated relationship manager and NRI services desk

Here is a complete list of the best brokers for NRI trading. Choose the right broker after matching your trading and investment requirements.

Best Brokers for NRI Trading in India

Broker Reason Review Request Callback

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.

  • Trading and Demat Account Opening charges: Free
  • AMC for Trading Account: Nil (Zero)
  • Demat account AMC: Free with Rs 1000 refundable one time deposit.
  • Brokerage Charges :Rs 100 per trade (all segments).
  • Online EKYC, fill your form online.
ProStocks ReviewOpen Account

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 or 0.5 % per executed order (Equity, Equity Derivative), where with PIS account its Rs 200 or 0.5 % per executed order for equity (whichever is lower).

  • For NRI Trading Account - Should have PIS Bank account (when having NRE account) with Axis or HDFC bank or NRO Saving account.
  • By mapping your NRE account, you can only trade in the Equity segment whereas, through an NRO account, you can trade in both Equity and Derivative segment.

Detail article on Zerodha NRI Trading

Detail article on Zerodha NRO Non PIS Account

Zerodha ReviewOpen Account

Fyers charges the lowest brokerage fee on NRI Trading. You can open either a PIS or non-PIS NRI trading account with Fyers. Check out the reasons why Fyers has the best NRI trading account;

  • Free NRI Demat and trading account opening
  • Lowest NRI Trading brokerage of Rs 50 per order
  • Invest in mutual funds through non-PIS NRI Account
  • NRI Account opening with minimum paperwork

Know more on Fyers NRI Trading

Fyers ReviewOpen Account
Angel One

Open a 2-in-1, NRI Trading and Demat account with Angel One and get the following benefits;

  • Lower of 0.50% or 0.05 per unit brokerage on equity delivery.
  • Free access to the best NRI trading platforms; App, SpeedPro terminal, and web platform.
  • Get NRI mutual fund advisory with Angel One ARQ Robo Advisory platform.
  • Invest in portfolio management services (PMS) with Angel One.

Know more on Angel One NRI Trading

Angel One ReviewOpen 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;

  • Invest in shares listed on the BSE & NSE, F&O, MFs, IPO, ETF, and Bonds.
  • Multiple Investment platforms; Pro Terminal, mobile trading app, trading website, and Blink trading terminal.
  • NRIs are allowed to place orders even after market hours.
  • Experts research insights to make educated investment decision.
  • HDFC Securities dedicated NRI helpdesk, NRI Dealing Desk, and NRI Fax Centre.
HDFC Securities ReviewOpen Account

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;

  • Multiple product offerings i.e., equity & ETF, MF, IPO, F&O, and bonds.
  • 3-in-1 account opening i.e. Demat + Trading + NRE or NRO Bank saving account.
  • Research & recommendation services to NRI.
  • Real time portfolio tracking.
  • Dedicated NRI Customer service desk over telephone and mail.
  • NRI Customer base of 5 million+ customers across 150+ countries.
ICICIDirect ReviewOpen Account

Zerodha Trade@20

Want to start your investment journey, join India’s number one online broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha 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 NRI Demat + Trading + NRE or NRO bank account.
  • Invest in equity, F&O, IPO, MFs, and fixed income products.
  • Advanced orders like GTC and AMO order.
  • Free access to all advanced trading platforms; website, Stock Trader App, and KEAT Pro X software.
  • Trade on phone facility.
  • Get in-depth stock market research from experts.
Kotak Securities ReviewOpen Account

Best NRI Trading Account in India – Final Remarks

Prostocks is ranked as the best NRI Trading Account in India with the lowest flat 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, Fyers, and Angel One are other popular NRI discount brokers in India while HDFC Securities, ICICI Direct, and Kotak 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;

  1. Equity delivery: Holding shares in the NRI Demat Account or investment in Indian company’s shares.
  2. Equity Futures & Options derivative segment.
  3. Currency F&O segment.

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;

  • Hassle-free online NRI Account opening process.
  • Zero NRI Demat AMC Account.
  • Free NRI Trading & Demat Account facility.
  • Cheapest brokerage on NRI trading at Rs. 100 per executed order.
  • All kinds of trading platform; free mobile trading app, website, and installable trading terminal.
  • NRI customer support over e-mail and telephonic support.


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 non-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;

  1. NRE or NRO Bank Saving Account with PIS letter from RBI
  2. NRI Demat Account
  3. NRI Trading Account


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.


Fyers, the technology-focused discount stock broker has the cheapest NRI trading account. The broker charges just Rs 50 per order brokerage fee on NRI trading in equity delivery, equity futures, and options.


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