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Aditya Birla Money Vs Prostocks NRI Account Comparison

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

Find out Aditya Birla Money Vs Prostocks which is better NRI Trading Account. See Aditya Birla Money Vs Prostocks which is best NRI Demat Account.

Our Aditya Birla Money Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between Aditya Birla Money and Prostocks NRI Account.

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Aditya Birla Money Vs Prostocks

  Aditya Birla Money Prostocks
 
  Aditya Birla Money Ltd Logo Prostocks Logo
About the Broker Aditya Birla Capital Limited (ABCL) is a well-known financial services company offering trading, insurance, and mutual funds, etc. to non-resident Indians. Aditya Birla Money Ltd (ABML), a subsidiary of Aditya Birla Capital, offers stock broking serv... Know more about Aditya Birla Money 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 NRI Account
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account 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.

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Aditya Birla Money Vs Prostocks Charges

  Aditya Birla Money Prostocks
NRI Account Opening Fees ₹750 ₹0
NRI Account AMC ₹450 ₹0
NRI Demat Account Opening Fees Nil Rs 0 (Free)
NRI Demat Account AMC Rs 436 Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Aditya Birla Money Vs Prostocks NRI Account Brokerage Comparison

Account Type Aditya Birla Money Prostocks NRI Account
Equity Delivery ₹100 per executed order
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order
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Other Charges

Contract Note Reporting Charges ₹25 for BSE | ₹50 for NSE NA
Other Brokerage Charges
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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Aditya Birla Money Vs Prostocks NRI Account Taxes/Fees

  Aditya Birla Money 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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Aditya Birla Money Vs Prostocks NRI Account Margin

  Aditya Birla Money 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.


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Aditya Birla Money and Prostocks NRI Account Features

  Aditya Birla Money Prostocks
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips No No
Other Features Trading API, GTC & AMO orders
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Aditya Birla Money Vs Prostocks NRI Account Review

  Aditya Birla Money Review Prostocks Review
  30 Customer Reviews    Rate Aditya Birla Money 41 Customer Reviews    Rate Prostocks
Fees 3.2 4.6
Brokerage 3.2 4.2
Trading Platform 3.3 2.9
Customer Service 2.9 3.2
Overall Rating Rated 3.0 stars Rated 3.3 stars
Broker Rating Aditya Birla Money is Rated 3.0 / 5 based on 30 customer reviews Prostocks is Rated 3.3 / 5 based on 41 customer reviews
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Contact Broker / Request A Call Back

  Aditya Birla Money Enquire Prostocks Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account 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.
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Aditya Birla Money Vs Prostocks NRI Investment Options

  Aditya Birla Money Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Aditya Birla Money Vs Prostocks NRI Customer Service

  Aditya Birla Money Prostocks
Customer Care Number 18002707000 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email sales@prostocks.com
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Aditya Birla Money Vs Prostocks Order Type Offered for NRI Account

  Aditya Birla Money Prostocks
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes

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Aditya Birla Money Vs Prostocks - NRI Account Advantages and Disadvantages

  Aditya Birla Money Prostocks
Pros
  • Part of Aditya Birla group, a financial services conglomerate
  • Provides a wide range of financial services under one roof
  • Offers research advice and stock recommendations
  • 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
  • Doesn't offer a 3-in-1 account and separate account opening increases the paperwork.
  • Doesn't offer an IPO investment option.
  • Robo advisory facility is not available.
  • 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

Aditya Birla Capital is a well-known name when it comes to financial services. However, when it comes to trading & investment services for NRIs it doesn't measure up to its reputation. The company doesn't have a major USP for NRIs. It doesn't offer 3-in-1 accounts. The choices in trading platforms are limited. There are many better options available in the market.

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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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.

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