Are you a Non Resident Indian (NRI) and want to find the best NRI stockbroker in India in 2025? The Indian stock market is a confusing market, especially to Non-Resident Indians with constant changes in the laws and a torrent of brokerage firms. The selection of the proper broker will be critical in smooth investment, economical approach, and adherence to the regulations. This ultimate guide uses the most recent information available on reputable sources that will guide you to make the right selection of the best NRI trading account to use, and this year, Upstox is the best NRI trading account to use by global Indians.
As the financial markets of India are getting more open and appealing to NRIs, the need to have the best and efficient brokers to trade with has increased tremendously. Nonetheless, NRIs encounter special issues, such as FEMA compliance, repatriation requirements and the necessity of special accounts. This article is a decoding of the best stock broker NRI in India, the comparison of features and commissions and reasons why Upstox is the best stock broker in 2025. All the information is taken official broker websites and regulation bodies to make sure you can obtain the most updated and actionable information.
Top 7 Stock Brokers for NRI in India (2025)
1. Upstox (Our Top Pick)
Why Choose Upstox?
In 2025, Upstox is at the forefront of the NRI brokerage industry through its seamless account opening process, cheap commission rates, and high performance trading platforms. NRIs have options to open repatriable (NRE) and non-repatriable (NRO) accounts so that it meets various needs of investments. Upstox provides clear fee structure, enhanced digital KYC and concurrent to the current SEBI requirement, which makes it a perfect option in front of international investors.
Key Features
- Types of Accounts NRE (repatriable) and NRO (non-repatriable)
- Brokerage: 0.1 percent of the value of transaction, maximum per order 200 rupees to NRIs
- Account Opening Fee: 300-4000(one-off), AMC 75-500/year
- Segments of Trading: Equity, F&O, IPOs, and Mutual Funds
- SEBI & RBI Compliance: SEBI and RBI compliances by adhering to all Portfolio Investment Scheme (PIS) norms
- Digital Onboarding: No paper KYC and in 5 7 working days its activation
- Support: Dedicated NRI desk, phone and support through email
- Platform: web, mobile application and TradingView support for advanced charting
Latest 2025 Updates
- PAN-only Derivatives Trading: No CP code required as per SEBI’s new rules5
- PINS and Non-PINS Accounts: Flexibility for both repatriable and non-repatriable investments
- Fast Account Conversion: Easy switch from resident to NRI status and vice versa
2. Zerodha
Why Choose Zerodha?
Zerodha remains a favorite among tech-savvy NRIs for its low-cost structure and transparent processes. It offers both PIS and Non-PIS NRI accounts, with seamless online access and a robust Kite platform.
Key Features
- Brokerage: ₹100 per executed order for equity trades
- Account Types: NRE/NRO with PIS and Non-PIS options
- Annual Maintenance: ₹300–₹500
- Platform: Kite web and mobile, TradingView charts
- Compliance: SEBI and RBI regulations
3. ICICI Direct
Why Choose ICICI Direct?
ICICI Direct is a top choice for NRIs seeking a 3-in-1 account (Bank + Demat + Trading) for maximum convenience. It offers a wide range of investment products and personalized advisory services.
Key Features
- Account: 3-in-1 NRI Trading Account (NRE/NRO)
- Brokerage: 0.50% for equity delivery, ₹25 per order for F&O
- eATM Feature: Instant fund settlement post-sale
- Research: Detailed stock reports and portfolio tracking
- Global Reach: 9 million+ clients across 150+ countries
4. Kotak Securities
Why Choose Kotak Securities?
Kotak Securities is known for its integrated banking and investment services, offering dedicated NRI support and a secure trading ecosystem.
Key Features
- Account Opening: ₹1,000 (one-time)
- Brokerage: 0.49% for equity delivery
- Platform: Advanced mobile and web trading
- Customer Service: Dedicated NRI helpdesk
5. Sharekhan
Why Choose Sharekhan?
Sharekhan provides NRIs with a comprehensive suite of investment options, including equities, mutual funds, and IPOs. It is known for its research-driven approach and strong customer support.
Key Features
- Brokerage: 0.50% for equity delivery
- Account Types: NRE/NRO
- Research: Daily market insights and recommendations
- Support: Personalized relationship manager
6. Fyers
Why Choose Fyers?
Fyers is an emerging discount broker offering simple, affordable trading solutions for NRIs. It is ideal for those prioritizing low costs and a user-friendly platform.
Key Features
- Brokerage: ₹50 per order for intraday and F&O
- AMC: Free lifetime maintenance
- Platform: Clean, intuitive interface
7. Motilal Oswal
Why Choose Motilal Oswal?
Motilal Oswal offers NRIs a wide range of investment products and a strong research team, making it suitable for investors seeking guidance and portfolio diversification.
Key Features
- Brokerage: 0.50% for equity delivery
- Account Types: NRE/NRO
- Research: Comprehensive coverage and advisory
Comparison Table: Best NRI Brokers in India (2025)
| Broker | Account Types | Brokerage (Equity) | Account Opening | AMC (Yearly) | Trading Segments | Key Features |
| Upstox | NRE/NRO, PIS/Non-PIS | 0.1% (max ₹200/order) | ₹300–₹4,000 | ₹75–₹500 | Equity, F&O, MF, IPO | Fast onboarding, digital KYC, advanced charts |
| Zerodha | NRE/NRO, PIS/Non-PIS | ₹100/order | ₹500 | ₹300–₹500 | Equity, MF, IPO | Kite platform, low cost, robust compliance |
| ICICI Direct | NRE/NRO, 3-in-1 | 0.50% (equity) | ₹0 | ₹500 | Equity, F&O, MF, IPO | eATM, instant settlement, global reach |
| Kotak Sec | NRE/NRO, 3-in-1 | 0.49% (equity) | ₹1,000 | ₹500 | Equity, MF, IPO | Integrated banking, strong NRI desk |
| Sharekhan | NRE/NRO | 0.50% (equity) | ₹0 | ₹500 | Equity, MF, IPO | Research, advisory, personalized support |
| Fyers | NRE/NRO | ₹50/order | ₹0 | Free | Equity, F&O, IPO | Discount brokerage, simple platform |
| Motilal Oswal | NRE/NRO | 0.50% (equity) | ₹0 | ₹500 | Equity, MF, IPO | Research-driven, diverse investment options |
How to Choose the Best Stock Broker for NRI in India
There are a number of factors to be taken into consideration when choosing the best broker to trade as an NRI:
- Brokerage Charges: Choose brokers that have clear, and low charges- Upstox charges 0.1 percent of the transaction made (capped at 200 rupees) which is quite low and saves a lot of money to active traders.
- Account Types: Are you allowed to maintain NRE (repatriable accounts) and NRO (non-repatriable) accounts? Does the broker also provide the flexibility to hold PIS/ Non-PIS accounts?
- Opening Accounts: Seek online account opening, little documentation and speedy activation.
- Regulation: Ensure that it is SEBI and RBI compliant to be safe and lawful to invest.
- Platform Quality: It should have advanced charting, mobile trading and real-time portfolio tracking to access globally.
- Customer Support: The NRI desks and multi-channel customer support are important to address foreign queries.
- Value-Added Services: Research, advisory and instant settlement of funds can help you in your investing.
Frequently Asked Questions (FAQs)
1. What is the top stock broker of NRI in India 2025?
In 2025, the best brokerage choice for NRI is Upstox which boasts of low charges, rapid digital onboarding and sophisticated trading abilities.
2. How much does Upstox charge as a brokerage on NRI trades?
Upstox charges 0.1 percent of value of transaction, and a maximum of 200 rupees per order on NRI accounts.
3. Are upstox accounts NRE and NRO accounts openable by NRIs?
Yes, Upstox has NRE (repatriable) and NRO (non-repatriable) accounts available to the NRI.
4. What is the time of opening an NRI account in Upstox?
The activation of the account usually takes 5-7 working days upon the submission of all the necessary documents.
5. Does Upstox have any annual maintenance fee on NRI account?
Indeed, the annual AMC of AMC varies between 75 and 500 rupees, based on the account type.
6. Is Upstox SEBI and RBI NRI compliant?
Absolutely. Upstox is compliant with all of the SEBI and RBI regulations and modifications in the recent past to PIS and derivatives trading.
7. Do NRIs have the option of trading in derivatives using Upstox?
Yes, now under the new SEBI announcement, NRIs are allowed to do derivatives trade under PAN without any CP code.
8. Which documents are needed to open an NRI account at Upstox?
Passport, Visa, PAN card, abroad and India address proof and photographs are needed. Depending on the type of account other documents might be required.
9. How does PIS account differ with non-PIS account?
The PIS accounts are associated with the Repatriable investment Portfolio Investment Scheme of RBI; the Non-PIS accounts can permit Non-repatriable trades, generally with fewer restrictions.
10. Does Upstox allow NRI to invest in IPOs and mutual funds?
Yes, Upstox also allows NRIs to invest in IPOs and mutual funds besides equities and derivatives.
Conclusion
Investing with NRI in India requires choosing the most ideal stock broker in India by the global Indians who want to expand their wealth in the Indian markets. By 2025, with its low and transparent fees, smooth digital onboarding, and intensive compliance with SEBI and RBI, Upstox stands out of the others. Being an experienced investor or a novice, the innovative capabilities of Upstox, NRI-specific support and account flexibility make the company the best option of NRIs. Compare and contrast your solutions, think about your investment requirements and begin your adventure with a brokerage firm that enables your international aspirations.
Want to invest in India any where in the world? Open your Upstox NRI account now and feel the difference!
