No. Let’s first understand the basic difference between the two. An Indian broker, say Sharekhan, Angel Broking, etc. will allow you to buy, hold and sell shares that are listed in the Indian equity market. A foreign broker, on the other hand, will allow you to trade in stocks listed in other countries’ stock markets.

The main difference between the two, however, is that a foreign broker will not allow margin trading and short selling. Both these facilities, however, are provided by Indian brokers for trading in Indian stocks.

This means that you can buy foreign shares only when you have enough cash in your trading account and sell them only when you already hold them.

Other than this main difference, and the brokerage differential, there’s very little to differentiate a foreign broker from a domestic broker.

Both domestic as well as foreign brokers allows access to your account history, ledger balance and transactions.