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.

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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
Broker Enquiry Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Prostocks. Leave your contact info and we will get in touch with you.
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5paisa Vs Prostocks Charges

  5paisa Prostocks
NRI Account Opening Fees NA ₹0
NRI Account AMC NA ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0 (Free)
NRI Demat Account AMC ₹540 (charged as ₹45 per traded month) ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

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

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%
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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.
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5paisa Vs Prostocks NRI Account Exposure Margin

  5paisa Prostocks
Equity Delivery
Equity Futures
Equity Options
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5paisa and Prostocks NRI Account Feature Comparison

  5paisa Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features
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5paisa Vs Prostocks NRI Account Review

  5paisa Prostocks
  67 Customer Reviews    Rate 5paisa 29 Customer Reviews    Rate Prostocks
Fees 3.0 4.7
Brokerage 3.8 4.4
Trading Platform 2.8 3.0
Customer Service 2.1 3.3
Overall Rating Rated 2.7 stars Rated 3.3 stars
Broker Rating 5paisa is Rated 2.7 / 5 based on 67 customer reviews Prostocks is Rated 3.3 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  5paisa Prostocks
Contact Broker
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5paisa Vs Prostocks NRI Investment Options

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

  5paisa Prostocks
Customer Care Number NA +91 22 6243 4343, +91 22 3811 0110
Customer Care Email NA sales@prostocks.com
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5paisa Vs Prostocks Order Type Offered for NRI Account

  5paisa Prostocks
Bracket Order No No
Cover Order No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) No No
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5paisa Vs Prostocks - NRI Account Advantages and Disadvantages

  5paisa Prostocks
Pros
  • Prostocks charges a flat fee of ₹100 per executed order which is the cheapest fee charged by any broker in India.
  • Traders can choose from in-house trading platforms or NSE NOW software to trade as per their convenience.
  • Demat and Trading accounts at Prostocks are lifetime AMC free.
  • NRI customer doesn't require 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 a huge saving 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.
  • GTC (Good Till Cancel) and AMO (After Market Order) not available.
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
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5paisa Vs Prostocks - More Reviews

  5paisa Prostocks
NRI Trading Review 5paisa NRI Account Review Prostocks NRI Account Review
Enquire 5paisa Enquire Prostocks
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