I will still wait for zerodha given the charges
In case someone is interested, their charges are as follows (as per their website) -
| Plan | Yearly Subscription charges | Brokerage |
|---|---|---|
| Global Starter | Rs. 999/- | USD 2.99 per trade |
| Global Advantage | Rs. 9,999/- | 1 US Cent per Share |
Also, there is a net worth requirement for opening an account with them -
Is there a minimum net worth I need to have to qualify for an ICICI Direct Global Account?
Yes, to qualify to open an account to invest on ICICI Direct Global, your net worth and liquid net worth must be greater than USD 5,000.
No details about transfer costs…
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Icici direct provides this service through interactive brokers LLC. A few other Indian brokers also offer this service through IB. So, will it be advantageous if we directly do it through interactive brokers Indian arm ?
Any light here will be beneficial. US markets too is due for a correction. Might be a better time now to invest there .
The link given by @Prayag is not available now. And strangely the icicidirect customer care does not know the transfer costs! So either we have to make a bulk transfer and keep it without interest or keep paying transaction costs again and again. Will try to get details of other brokers as well.