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HDFC Securities Vs Prostocks NRI Account Comparison

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

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

Our HDFC Securities Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between HDFC Securities and Prostocks NRI Account.

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HDFC Securities Vs Prostocks

  HDFC Securities Prostocks
 
HDFC Securities Ltd Logo Prostocks Logo
About the Broker HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc... Know more about HDFC Securities 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 NRI Account
Broker Enquiry Open an Online Trading Account with HDFC Securities. 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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HDFC Securities Vs Prostocks Charges

  HDFC Securities Prostocks
NRI Account Opening Fees ₹2500 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹750 ₹0 (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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HDFC Securities Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  HDFC Securities Prostocks
Account Type NRI Account NRI Account
Equity Delivery 0.75% ₹100 per executed order
Equity Futures 0.025% (Both Buy & Sell) ₹100 per executed order
Equity Options ₹100 per lot ₹100 per executed order

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Minimum Brokerage: ₹25, PIS AMC: ₹1000
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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HDFC Securities Vs Prostocks NRI Account Taxes/Fees

  HDFC Securities 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 ₹15 per Crore ₹15 per 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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HDFC Securities Vs Prostocks NRI Account Exposure Margin

  HDFC Securities Prostocks
Equity Delivery
Equity Futures
Equity Options
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HDFC Securities and Prostocks NRI Account Feature Comparison

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

  HDFC Securities Prostocks
  185 Customer Reviews    Rate HDFC Securities 28 Customer Reviews    Rate Prostocks
Fees 2.1 4.7
Brokerage 1.9 4.4
Trading Platform 2.9 2.9
Customer Service 2.5 3.3
Overall Rating Rated 2.2 stars Rated 3.3 stars
Broker Rating HDFC Securities is Rated 2.2 / 5 based on 185 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

  HDFC Securities Prostocks
Contact Broker
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HDFC Securities Vs Prostocks NRI Investment Options

  HDFC Securities Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options Bonds, Equity F&O, ETFs
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HDFC Securities Vs Prostocks NRI Customer Service

  HDFC Securities Prostocks
Customer Care Number +91 2267 6061 61 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email sales@prostocks.com
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HDFC Securities Vs Prostocks Order Type Offered for NRI Account

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

  HDFC Securities Prostocks
Pros
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
  • Prostocks charges a flat fee of Rs 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
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
  • 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

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

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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HDFC Securities Vs Prostocks - More Reviews

  HDFC Securities Prostocks
NRI Trading Review HDFC Securities NRI Account Review Prostocks NRI Account Review
Enquire HDFC Securities Enquire Prostocks
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