Geojit Vs Prostocks NRI Account Comparison

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

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

Our Geojit BNP Paribas comparison with Prostocks highlights the major differences between two brokers. Find the best between Geojit and Prostocks NRI Account.

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Geojit Vs Prostocks

  Geojit Prostocks
 
Geojit BNP Paribas Logo Prostocks Logo
About the Broker Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas 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 Geojit. 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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Geojit Vs Prostocks Charges

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

Brokerage Plan

  Geojit Prostocks
Account Type 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
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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Geojit Vs Prostocks NRI Account Taxes/Fees

  Geojit 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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Geojit Vs Prostocks NRI Account Exposure Margin

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

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

  Geojit Prostocks
  98 Customer Reviews    Rate Geojit 29 Customer Reviews    Rate Prostocks
Fees 3.7 4.7
Brokerage 3.3 4.4
Trading Platform 4.1 3.0
Customer Service 3.8 3.3
Overall Rating Rated 3.8 stars Rated 3.3 stars
Broker Rating Geojit is Rated 3.8 / 5 based on 98 customer reviews Prostocks is Rated 3.3 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  Geojit Prostocks
Contact Broker
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Geojit Vs Prostocks NRI Investment Options

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

  Geojit Prostocks
Customer Care Number +91 0484 3911777 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email customercare@geojit.com sales@prostocks.com
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Geojit Vs Prostocks Order Type Offered for NRI Account

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

  Geojit Prostocks
Pros
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
  • 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
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
  • 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

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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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Geojit Vs Prostocks - More Reviews

  Geojit Prostocks
NRI Trading Review Geojit NRI Account Review Prostocks NRI Account Review
Enquire Geojit Enquire Prostocks
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