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IIFL Securities Vs Prostocks NRI Account Comparison

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

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

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

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IIFL Securities Vs Prostocks

  IIFL Securities Prostocks
 
IIFL Securities Limited Logo Prostocks Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited 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 IIFL 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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IIFL Securities Vs Prostocks Charges

  IIFL Securities Prostocks
NRI Account Opening Fees ₹750 ₹0
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹400 per year ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  IIFL Securities Prostocks
Account Type NRI Account NRI Account
Equity Delivery 0.50% ₹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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IIFL Securities Vs Prostocks NRI Account Taxes/Fees

  IIFL 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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IIFL Securities Vs Prostocks NRI Account Exposure Margin

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

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

  IIFL Securities Prostocks
  110 Customer Reviews    Rate IIFL Securities 28 Customer Reviews    Rate Prostocks
Fees 2.8 4.7
Brokerage 2.6 4.4
Trading Platform 3.3 2.9
Customer Service 2.7 3.3
Overall Rating Rated 2.7 stars Rated 3.3 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 110 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

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

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

  IIFL Securities Prostocks
Customer Care Number +91 22 4007 1000 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email cs@indiainfoline.com sales@prostocks.com
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IIFL Securities Vs Prostocks Order Type Offered for NRI Account

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

  IIFL Securities Prostocks
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  • 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
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  • 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

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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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IIFL Securities Vs Prostocks - More Reviews

  IIFL Securities Prostocks
NRI Trading Review IIFL Securities NRI Account Review Prostocks NRI Account Review
Enquire IIFL Securities Enquire Prostocks
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