Top 10 NRI Full-Service Brokers in India (2025): The Ultimate Guide for NRIs

Are you an NRI searching for the best full-service broker in India to manage your investments? With so many options, it’s easy to feel lost. The right broker can make a big difference in your returns, service experience, and peace of mind. In this guide, we’ll break down the Top 10 NRI Full-Service Brokers in India for 2025, focusing on features, charges, and why they stand so you can invest confidently from anywhere in the world.

Introduction

Non-Resident Indians (NRIs) face unique challenges when investing in India. From regulatory hurdles to finding a reliable commodity broker in India (Full-Service Brokers), the process can be overwhelming. But with the right partner, you can access the Indian stock market, commodities, IPOs, and mutual funds with ease.

This article, backed by research and the latest data, highlights the top brokers who offer dedicated NRI services, robust platforms, and transparent pricing. Whether you want to trade equities, invest in IPOs, or diversify with mutual funds, you’ll find the best fit here.

Top 10 NRI Full-Service Brokers in India (2025)

Below is the latest ranking based on active clients, service quality, and NRI-friendly offerings. We’ve included all the key features NRIs need: account types, charges, research support, and more.

1. Upstox 

Upstox is a leading full-service broker that has rapidly gained popularity among NRIs for its transparent pricing, advanced technology, and dedicated NRI desk. It supports both NRE and NRO accounts, enabling NRIs to invest seamlessly in equities, futures & options (F&O), mutual funds, and commodities. One of the biggest advantages of Upstox is its flat brokerage fee of ₹20 per executed order across all segments, or 0.1% for equity delivery trades, whichever is lower. This simple pricing structure makes it highly cost-effective for NRIs.

Upstox offers a smooth online account opening process tailored specifically for NRIs, with dedicated support to guide them through regulatory and documentation requirements. Its powerful mobile and web trading platforms provide real-time research, advisory, and transparent statutory charges, including GST, Securities Transaction Tax (STT), and SEBI fees. NRIs can open PINS (Portfolio Investment Scheme) accounts linked to NRE/NRO bank accounts for repatriable investments, or NON-PINS accounts for non-repatriable investments, including derivatives trading. Account maintenance charges are waived for the first year, making it an attractive choice for new investors. The account activation typically takes 5 to 7 working days after submission of documents. Upstox also provides support for status changes between resident and NRI accounts, ensuring compliance with RBI regulations.

2. Kotak Securities

Kotak Securities is one of India’s largest and most trusted full-service brokers, with over 1.17 million active clients. It offers a comprehensive suite of investment services designed for NRIs, including equities, derivatives, mutual funds, IPOs, bonds, and ETFs. Kotak’s 3-in-1 NRI account combines savings, trading, and demat accounts, simplifying fund management.

The broker provides a wide branch network and dedicated relationship managers to assist NRIs with personalized investment solutions. Brokerage charges are competitive, typically around 1% of turnover or ₹0.25 per share, with a minimum brokerage of ₹50 per order in the cash segment. Kotak also offers zero brokerage on intraday trades under certain plans and margin trading facilities. The platform supports global access to Indian markets and provides robust research and advisory services. Account opening fees are around ₹3,750, with annual maintenance charges applicable. Kotak Securities is well known for its strong offline and online presence, making it a reliable option for NRIs looking for full-service broking with extensive support.

3. HDFC Securities

HDFC Securities is a trusted name in the Indian brokerage industry, boasting over 1.08 million active clients. It offers an integrated 3-in-1 account that combines banking, trading, and demat services, making it convenient for NRIs to manage investments and funds in one place. The platform provides global access to Indian stock markets, allowing NRIs to trade equities, derivatives, mutual funds, and IPOs securely.

HDFC Securities stands out for its user-friendly digital platforms and personalized investment advisory tailored to individual client needs. The broker offers research-backed recommendations and a secure trading experience. Its strong NRI desk ensures compliance with regulatory requirements and smooth account management. The platform supports multiple asset classes and provides easy fund repatriation options, making it a preferred choice for NRIs seeking a full-service broker with a solid reputation.

4. Motilal Oswal

Motilal Oswal is known for its research-driven approach and customized NRI investment offerings. With over 874,000 active clients, it provides access to equities, derivatives, mutual funds, and IPOs. The broker’s award-winning research team delivers in-depth market insights, helping NRIs make informed investment decisions.

Motilal Oswal offers dedicated NRI support, including account opening assistance and portfolio management tailored to the unique needs of NRIs. The broker’s online and offline platforms are designed for ease of use and provide comprehensive services such as margin trading and advisory. Its focus on research and personalized plans makes it a strong contender for NRIs who value expert guidance alongside trading facilities.

5. SBICAP Securities

SBICAP Securities, a subsidiary of the State Bank of India (SBI), leverages SBI’s extensive network and trust to provide reliable NRI brokerage services. With approximately 856,000 active clients, SBICAP offers multiple investment avenues including equities, derivatives, mutual funds, and IPOs.

NRIs benefit from easy repatriation of funds and secure online trading platforms. The broker’s strong offline presence through SBI branches ensures convenient access to support and services. SBICAP Securities is known for its stability and regulatory compliance, making it a preferred choice for conservative investors seeking a full-service broker backed by a government-owned bank.

6. Sharekhan

Sharekhan is recognized for its user-friendly trading platforms and comprehensive research offerings. Serving over 665,000 active clients, Sharekhan provides NRIs with a simple account opening process and a 3-in-1 account facility that links trading, demat, and bank accounts.

The broker supports equities, futures & options, and mutual funds, with dedicated relationship managers to assist NRIs. Sharekhan’s trading apps and desktop platforms offer advanced tools and real-time data. Its wide branch network in India and abroad helps NRIs access offline support easily. Sharekhan’s combination of technology and personalized service makes it a strong option for NRIs looking for a full-service broker with solid research capabilities.

7. IIFL (India Infoline)

IIFL caters to over 437,000 active clients and offers a broad range of NRI investment products including equities, derivatives, mutual funds, and IPOs. The broker is known for strong advisory services and easy-to-use online and offline platforms.

IIFL provides personalized portfolio management services and dedicated NRI support to help investors navigate regulatory requirements. The broker’s platforms are designed for seamless trading and investment, with access to research and market insights. IIFL’s combination of advisory and technology makes it suitable for NRIs seeking a comprehensive full-service broker.

8. Axis Direct

Axis Direct is popular among NRIs for its integrated banking and trading services, offering a 3-in-1 account facility that links savings, trading, and demat accounts. With around 357,000 active clients, Axis Direct provides a comprehensive NRI investment desk supporting equities, derivatives, mutual funds, and IPOs.

The broker offers research reports and multiple asset classes, backed by Axis Bank’s strong financial position. Its platforms are secure and user-friendly, with dedicated relationship managers assisting NRIs. Axis Direct is an excellent choice for NRIs looking for seamless integration of banking and trading services under one roof.

9. Geojit BNP Paribas

Geojit BNP Paribas has a long-standing reputation for serving NRIs, especially those in the Gulf region, with over 243,000 active clients. The broker offers NRI-centric services including investments in equities, mutual funds, and IPOs.

Geojit’s strong branch network and personalized support make it easy for NRIs to manage their investments. The broker provides research-backed recommendations and a variety of investment options. Its focus on the Gulf NRI community and robust offline presence make it a preferred choice for NRIs seeking trusted full-service broking.

10. Edelweiss

Edelweiss offers a modern trading experience with a strong emphasis on research and technology. Serving over 218,000 active clients, Edelweiss provides a 2-in-1 online trading account for both resident Indians and NRIs, with a particular focus on clients from Gulf countries.

Edelweiss is unique in offering both full-service and discount brokerage plans, with highly competitive brokerage fees as low as ₹10 per order, which is cheaper than many peers including Upstox. It offers multiple trading platforms such as Edelweiss Mobile Trader, Terminal X3, and Edelweiss.in, catering to diverse trading needs.

The broker provides award-winning research, personalized advisory, and extensive offline presence through branches and franchises. Its NRI desk offers dedicated helpline support via phone, WhatsApp, and email, ensuring smooth account management. Edelweiss also supports a wide range of investment products, including equities, derivatives, commodities, currency futures, and mutual funds, making it a versatile option for NRIs.

This detailed overview highlights the strengths and unique offerings of each of the top 10 NRI full-service brokers in India for 2025. Upstox leads the pack with its transparent pricing, technology, and dedicated NRI services, while other brokers like Kotak Securities, HDFC Securities, and Edelweiss offer robust research, advisory, and integrated account solutions tailored for NRIs.

Comparison Table: Top 10 NRI Full-Service Brokers (2025)

Documentation required for opening an NRI Trading + Demat account with a full-service stockbroker:

Though almost every company document requirement is the same, one needs to check with their full-service broker for the final documentation before proceeding.

• Passport Copy (Indian or Foreign Citizen)
• OCI or PIO copy for Indians who are holders of foreign citizenship
• Valid visa permit copy for an Indian passport holder
• Indian and Overseas address proof
• PAN card
• PIS (Portfolio Investment Scheme) permission letter issued by the bank
• Canceled cheque
• Bank account statement
• Duly filled and signed forms
• Photographs

How to Choose the Best NRI Full-Service Broker

When selecting a broker, it’s essential to consider several factors to ensure you meet your financial needs as a Non-Resident Indian (NRI).

• 1. Account Types: Verify that the broker accommodates both Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts, allowing you to manage repatriation and non-repatriation needs effectively.
• 2. Brokerage Charges: Seek brokers that provide transparent pricing structures. For example, Upstox stands out with a competitive flat fee of ₹20 per order, making it an attractive option for many traders.
• 3. Research and Advisory Services: A reliable broker should offer comprehensive research reports and advisory services. These resources can significantly aid in making informed investment decisions.
• 4. Commodity Trading Capability: If you’re interested in trading commodities, ensure that the broker is registered and equipped for commodity trading in India.
• 5. Online Platform and Support: Opt for brokers with robust digital trading platforms and dedicated support for NRIs. This will enhance your trading experience and assist when needed.
• 6. Reputation and Client Base: Look for brokers with a significant number of active clients, as this can be a strong indicator of their reliability and the quality of service they offer.

By considering these factors, you can make a more informed choice when selecting a broker that aligns with your financial goals and trading preferences.

Frequently Asked Questions (FAQs)

Conclusion

Choosing the right NRI full-service broker in India is crucial for a smooth and profitable investment journey. Upstox stands out in 2025 for its transparent pricing, advanced technology, and strong NRI support-making it the best choice for NRIs. Other brokers like Kotak Securities, HDFC Securities, and Motilal Oswal also offer robust services tailored to NRI needs.

Ready to start your investment journey? Compare the features, open your NRI trading account with Upstox, and take control of your financial future today!