I want to open an online trading account in India (living in US). Which company do you recommend? Thanks!

Jul 12, 2020 21 Comments

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TOP 21 Comments
  • Datometry
    LangEr

    Datometry

    BIO
    I fan the sparks into flames.
    LangEr
    Zerodha
    Jul 12, 2020 0
  • Zerodha. You don’t need to buy only mutual funds; you can buy individual stocks. You just can’t buy and sell on the same day I think and there are certain companies which you can’t buy in
    Jul 12, 2020 3
  • +1 Zerodha- account opening process is tedious.
    Jul 12, 2020 0
  • Intel / Other
    cturtle

    Go to company page Intel Other

    cturtle
    As an nri I don't think you can do trading actively. You can invest in mutual fund though. For that you will have to register with fund houses and state investing in their funds.
    Jul 12, 2020 6
    • Uber / Eng
      WhtToDo

      Go to company page Uber Eng

      WhtToDo
      You are not taxed again even if you do it in your name?
      Jul 12, 2020
    • Intel / Other
      cturtle

      Go to company page Intel Other

      cturtle
      Nope, India and US have double taxation agreement. Of course if you fall in a higher tax bracket and you had paid only a part of that in the other country then you will have to pay the difference
      Disclaimer: this is not tax advice and an no tax expert
      Jul 12, 2020
  • Roku
    repocalyse

    Go to company page Roku

    repocalyse
    Do u have to be an Indian citizen to be able to do that?
    Jul 12, 2020 5
    • Datometry
      LangEr

      Datometry

      BIO
      I fan the sparks into flames.
      LangEr
      The trading account types are different. I think one of the reasons is that non residents have different rules to comply for storing INR as well.
      Jul 12, 2020
    • @Roku you do have to be a citizen, but not necessarily living there. As an Non resident Indian, you can trade - though a limited to Stocks and ETFs.
      Jul 12, 2020