Chittorgarh.com Logo
Loading...

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.

Expand

Anand Rathi Vs Prostocks

  Anand Rathi Prostocks
 
  Anand Rathi Logo Prostocks Logo
About the Broker Anand Rathi offers NRI Trading Account that enables NRIs to invest in Stocks, Mutual Funds, ETFs and Debt Funds in India Stock Markets. Anand Rathi is a full-service broker offering a wide range of services to NRIs. This includes online trading/inves... 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
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + Discount voucher upto Rs 10,000 from Top Brands Request a Callback.
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

Anand Rathi Vs Prostocks Charges

  Anand Rathi Prostocks
NRI Account Opening Fees Rs 0 ₹0
NRI Account AMC Rs 0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 450 (1st year free) Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Anand Rathi AccountOpen Prostocks Account

Expand

Anand Rathi Vs Prostocks NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account Prostocks NRI Account
Equity Delivery 0.30% ₹100 per executed order
Equity Futures 0.03% ₹100 per executed order
Equity Options Rs 50 per lot ₹100 per executed order
Open Anand Rathi AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: Rs 450 per year
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

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.

Expand

Anand Rathi Vs Prostocks NRI Account Margin

  Anand Rathi 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

Anand Rathi and Prostocks NRI Account Features

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

Expand

Anand Rathi Vs Prostocks NRI Account Review

  Anand Rathi Review Prostocks Review
  16 Customer Reviews    Rate Anand Rathi 38 Customer Reviews    Rate Prostocks
Fees 3.3 4.6
Brokerage 3.3 4.3
Trading Platform 3.1 2.9
Customer Service 3.4 3.2
Overall Rating Rated 3.1 stars Rated 3.3 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 16 customer reviews Prostocks is Rated 3.3 / 5 based on 38 customer reviews
Open Anand Rathi AccountOpen Prostocks Account

Expand

Contact Broker / Request A Call Back

  Anand Rathi Enquire Prostocks Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + Discount voucher upto Rs 10,000 from Top Brands Request a Callback. 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.
*

Anand Rathi Vs Prostocks NRI Investment Options

  Anand Rathi Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

Expand

Anand Rathi Vs Prostocks NRI Customer Service

  Anand Rathi Prostocks
Customer Care Number 0291 666 1001 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email nridesk@rathi.com sales@prostocks.com
Open Anand Rathi AccountOpen Prostocks Account

Expand

Anand Rathi Vs Prostocks Order Type Offered for NRI Account

  Anand Rathi Prostocks
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

Expand

Anand Rathi Vs Prostocks - NRI Account Advantages and Disadvantages

  Anand Rathi Prostocks
Pros
  • Advanced online trading platforms.
  • 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 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
  • 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.
Conclusion

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi 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 a 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.

Promo / Offers

Anand Rathi Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • Discount voucher upto Rs 10,000 from Top Brands.

This is a limited-time offer. Simply leave your contact information with us and Anand Rathi representatives will contact you.

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 Anand Rathi AccountOpen Prostocks Account

Comments

Add a public comment...

Compare More Brokers: