Compositedge Vs Prostocks NRI Account Comparison

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

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

Our Composite Investments Pvt Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between Compositedge and Prostocks NRI Account.

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Compositedge Vs Prostocks

  Compositedge Prostocks
 
Composite Investments Pvt Ltd Logo Prostocks Logo
About the Broker Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt 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
Broker Enquiry Open an Online Trading Account with Compositedge. 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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Compositedge Vs Prostocks Charges

  Compositedge Prostocks
NRI Account Opening Fees ₹1000 ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹100 ₹0 (Free)
NRI Demat Account AMC ₹300 ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Compositedge Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Compositedge Prostocks
Account Type NRI Account
Equity Delivery ₹200/- or 0.1% ₹100 per executed order
Equity Futures ₹200/- or 0.01% ₹100 per executed order
Equity Options ₹100 per executed order

Other Charges

Contract Note Reporting Charges 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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Compositedge Vs Prostocks NRI Account Taxes/Fees

  Compositedge 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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Compositedge Vs Prostocks NRI Account Exposure Margin

  Compositedge Prostocks
Equity Delivery
Equity Futures
Equity Options
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Compositedge and Prostocks NRI Account Feature Comparison

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

  Compositedge Prostocks
  17 Customer Reviews    Rate Compositedge 29 Customer Reviews    Rate Prostocks
Fees 4.2 4.7
Brokerage 4.6 4.4
Trading Platform 4.0 3.0
Customer Service 4.2 3.3
Overall Rating Rated 4.2 stars Rated 3.3 stars
Broker Rating Compositedge is Rated 4.2 / 5 based on 17 customer reviews Prostocks is Rated 3.3 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  Compositedge Prostocks
Contact Broker
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Compositedge Vs Prostocks NRI Investment Options

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

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

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

  Compositedge Prostocks
Pros
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
  • 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
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
  • 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

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices 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
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Compositedge Vs Prostocks - More Reviews

  Compositedge Prostocks
NRI Trading Review Compositedge NRI Account Review Prostocks NRI Account Review
Enquire Compositedge Enquire Prostocks
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