Chittorgarh.com Logo
Loading...

5paisa Vs Prostocks NRI Account Comparison

The side-by-side comparison of 5paisa and Prostocks NRI Account. Compare 5paisa Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and 5paisa NRI Account reviews.

Find out 5paisa Vs Prostocks which is better NRI Trading Account. See 5paisa Vs Prostocks which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between 5paisa and Prostocks NRI Account.

Expand

5paisa Vs Prostocks

  5paisa Prostocks
 
  5paisa Capital Ltd Logo Prostocks Logo
About the Broker 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, 'We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd Prostocks is a flat-fee discount stock broker offering online investing and trading services to Resident and NRI Investors. It offers a 2-in-1 account, combining trading and demat account, to NRIs to trade across equity, derivatives, mutual funds, an... Know more about Prostocks
Account Type NA NRI Account
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

Expand

5paisa Vs Prostocks Charges

  5paisa Prostocks
NRI Account Opening Fees NA ₹0
NRI Account AMC NA ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open 5paisa AccountOpen Prostocks Account

Expand

5paisa Vs Prostocks NRI Account Brokerage Comparison

Account Type 5paisa NA Prostocks NRI Account
Equity Delivery NA ₹100 per executed order
Equity Futures NA ₹100 per executed order
Equity Options NA ₹100 per executed order
Open 5paisa AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
Expand

5paisa Vs Prostocks NRI Account Taxes/Fees

  5paisa Prostocks
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

Expand

5paisa Vs Prostocks NRI Account Margin

  5paisa Margin Prostocks Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


Expand

5paisa and Prostocks NRI Account Features

  5paisa Prostocks
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips No No
Other Features Trading API, GTC & AMO orders
Open 5paisa AccountOpen Prostocks Account

Expand

5paisa Vs Prostocks NRI Account Review

  5paisa Review Prostocks Review
  91 Customer Reviews    Rate 5paisa 38 Customer Reviews    Rate Prostocks
Fees 2.9 4.6
Brokerage 3.6 4.3
Trading Platform 2.8 2.9
Customer Service 2.1 3.2
Overall Rating Rated 2.6 stars Rated 3.3 stars
Broker Rating 5paisa is Rated 2.6 / 5 based on 91 customer reviews Prostocks is Rated 3.3 / 5 based on 38 customer reviews
Open 5paisa AccountOpen Prostocks Account

Expand

Contact Broker / Request A Call Back

  5paisa Enquire Prostocks Enquire
Contact Broker FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
*

5paisa Vs Prostocks NRI Investment Options

  5paisa Prostocks
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options

Expand

5paisa Vs Prostocks NRI Customer Service

  5paisa Prostocks
Customer Care Number NA +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email NA sales@prostocks.com
Open 5paisa AccountOpen Prostocks Account

Expand

5paisa Vs Prostocks Order Type Offered for NRI Account

  5paisa Prostocks
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No Yes

Expand

5paisa Vs Prostocks - NRI Account Advantages and Disadvantages

  5paisa Prostocks
Pros
  • ProStocks is the most popular broker for NRI Trading Account.
  • Prostocks charges a flat fee of Rs 100 per trade which is the cheapest fee charged by any broker in India.
  • No minimum deposit or funds are required.
  • GTC (Good Till Cancel) and AMO (After Market Order) are available.
  • Advance order types like BO, CO, OCO, etc are available.
  • Mutual Funds, Equity SIP, and IPO is available.
  • Trading APIs are available at flat Rs 1000 per month.
  • Demat and Trading accounts at Prostocks are lifetime AMC free.
  • NRI customer doesn't require a separate Custodial Account to trade in Equity F&O. Prostocks is a registered clearing member who can get the CP code for NRI and clear the trades. This offers huge savings for NRI customers.
Cons
  • 5paisa does not offer NRI trading and demat account.
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

Prostocks offer online trading service at the cheapest brokerage rate to the NRIs. It has partnerships with 5 popular banks in India to offer NRI trading. The free account opening and AMC free demat & trading account is an added advantage for the NRI customers. Prostocks doesn't provide research and advisory service. It suits well for frequent traders who execute 100's of trades daily.

Promo / Offers

5paisa Special Offer

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

Prostocks Special Offer

Unlimited Monthly Trading @ Rs 899

  • Monthly unlimited trading plan @ Rs 899.
  • Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O +
  • Lifetime Free AMC Demat Account +
  • API for algo trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Open 5paisa AccountOpen Prostocks Account

Comments

Add a public comment...

Compare More Brokers: