NRI Investing ....the rules and the players..need more info

#1
Hello Folks
I am interested in opening an NRI Investment a/c. In that regard could someone please enlighten me on the following
<> Are there brokers out there who offer commodity / FNO trading to NRI's at all ( - for a US based NRI - are you allowed to trade in the commodity market on a long term basis if not Intraday basis ?). I am esp interested in commodities . From what I read govt. has a Portfolio Investment Scheme ( PIS ) under which limited trading is allowed. Does PIS let you invest in commodities at all?
<> Most brokers inquired with charge not less than .50% commission.Are there brokers out there that can offer cheaper commissions and low Demat maintainance costs .

Thank You

 

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