Anand Rathi Vs Prostocks NRI Account Comparison

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

Find out Anand Rathi Vs Prostocks which is better NRI Trading Account. See Anand Rathi Vs Prostocks which is best NRI Demat Account.

Our Anand Rathi comparison with Prostocks highlights the major differences between two brokers. Find the best between Anand Rathi and Prostocks NRI Account.

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Anand Rathi Vs Prostocks

  Anand Rathi Prostocks
 
Anand Rathi Logo Prostocks Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi 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 NRI Account
Broker Enquiry Open an Online Trading Account with Anand Rathi. 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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Anand Rathi Vs Prostocks Charges

  Anand Rathi Prostocks
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹550 ₹0 (Free)
NRI Demat Account AMC ₹299 from second year onward ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Anand Rathi Prostocks
Account Type NRI Account NRI Account
Equity Delivery ₹100 per executed order
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order

Other Charges

Contract Note Reporting Charges NA 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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Anand Rathi Vs Prostocks NRI Account Taxes/Fees

  Anand Rathi 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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Anand Rathi Vs Prostocks NRI Account Exposure Margin

  Anand Rathi Prostocks
Equity Delivery
Equity Futures
Equity Options
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Anand Rathi and Prostocks NRI Account Feature Comparison

  Anand Rathi Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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Anand Rathi Vs Prostocks NRI Account Review

  Anand Rathi Prostocks
  12 Customer Reviews    Rate Anand Rathi 29 Customer Reviews    Rate Prostocks
Fees 3.2 4.7
Brokerage 3.3 4.4
Trading Platform 3.1 3.0
Customer Service 3.4 3.3
Overall Rating Rated 3.1 stars Rated 3.3 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 12 customer reviews Prostocks is Rated 3.3 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  Anand Rathi Prostocks
Contact Broker
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Anand Rathi Vs Prostocks NRI Investment Options

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

  Anand Rathi Prostocks
Customer Care Number 0291 666 1001 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nridesk@rathi.com sales@prostocks.com
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Anand Rathi Vs Prostocks Order Type Offered for NRI Account

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

  Anand Rathi Prostocks
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • 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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • 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

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

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.

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Anand Rathi Vs Prostocks - More Reviews

  Anand Rathi Prostocks
NRI Trading Review Anand Rathi NRI Account Review Prostocks NRI Account Review
Enquire Anand Rathi Enquire Prostocks
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