Zerodha - Open Online Account

Karvy Vs Prostocks NRI Account Comparison

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

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

Our Karvy Stock Broking Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between Karvy and Prostocks NRI Account.

Expand

Karvy Vs Prostocks

  Karvy Prostocks
 
Karvy Stock Broking Ltd Logo Prostocks Logo
About the Broker Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking 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 E-invest NRI Account
Broker Enquiry Open an Online Trading Account with Prostocks. Leave your contact info and we will get in touch with you.
Expand

Karvy Vs Prostocks Charges

  Karvy Prostocks
NRI Account Opening Fees ₹2500 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹420 ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Expand

Karvy Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Karvy Prostocks
Account Type NRI E-invest NRI Account
Equity Delivery 0.75% ₹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 Minimum Brokerage: ₹75
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

Karvy Vs Prostocks NRI Account Taxes/Fees

  Karvy 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.
Expand

Karvy Vs Prostocks NRI Account Exposure Margin

  Karvy Prostocks
Equity Delivery
Equity Futures
Equity Options
Expand

Karvy and Prostocks NRI Account Feature Comparison

  Karvy Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features ESOP Trading, PAN Card
Expand

Karvy Vs Prostocks NRI Account Review

  Karvy Prostocks
  24 Customer Reviews    Rate Karvy 28 Customer Reviews    Rate Prostocks
Fees 2.6 4.7
Brokerage 2.4 4.4
Trading Platform 2.7 2.9
Customer Service 2.2 3.3
Overall Rating Rated 2.0 stars Rated 3.3 stars
Broker Rating Karvy is Rated 2.0 / 5 based on 24 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
*

Contact Broker / Request A Call Back

  Karvy Prostocks
Contact Broker
*

Karvy Vs Prostocks NRI Investment Options

  Karvy Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
Expand

Karvy Vs Prostocks NRI Customer Service

  Karvy Prostocks
Customer Care Number +91 40 3321 7148 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nridesk@karvy.com sales@prostocks.com
Expand

Karvy Vs Prostocks Order Type Offered for NRI Account

  Karvy Prostocks
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
Expand

Karvy Vs Prostocks - NRI Account Advantages and Disadvantages

  Karvy Prostocks
Pros
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
  • 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
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
  • 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

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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
Expand

Karvy Vs Prostocks - More Reviews

  Karvy Prostocks
NRI Trading Review Karvy NRI Account Review Prostocks NRI Account Review
Enquire Prostocks
Compare
Karvy Vs Zerodha
Karvy Vs ICICI Direct
Karvy Vs HDFC Securities
Karvy Vs Sharekhan
Karvy Vs AxisDirect
Karvy Vs Angel Broking
Karvy Vs Kotak Securities
Karvy Vs Motilal Oswal
Karvy Vs IIFL Securities
Karvy Vs SBI Securities
Karvy Vs Geojit
Karvy Vs Religare
Karvy Vs SMC Global
Karvy Vs 5paisa
Karvy Vs Ventura
Karvy Vs Anand Rathi
Karvy Vs Indiabulls
Karvy Vs Aditya Birla Money
Karvy Vs TradingBells
Karvy Vs IDBI Capital
Karvy Vs Tradeplus
Karvy Vs Tradejini
Karvy Vs Alice Blue
Karvy Vs Wisdom Capital
Karvy Vs Finvasia
Karvy Vs Beeline
Karvy Vs Just Trade
Karvy Vs Compositedge
Karvy Vs Achiievers
Karvy Vs Trustline
Karvy Vs Yes Securities
Karvy Vs Indira Securities
Prostocks Vs Zerodha
Prostocks Vs ICICI Direct
Prostocks Vs HDFC Securities
Prostocks Vs Sharekhan
Prostocks Vs AxisDirect
Prostocks Vs Angel Broking
Prostocks Vs Kotak Securities
Prostocks Vs Motilal Oswal
Prostocks Vs IIFL Securities
Prostocks Vs SBI Securities
Prostocks Vs Geojit
Prostocks Vs Religare
Prostocks Vs SMC Global
Prostocks Vs 5paisa
Prostocks Vs Ventura
Prostocks Vs Anand Rathi
Prostocks Vs Indiabulls
Prostocks Vs Aditya Birla Money
Prostocks Vs TradingBells
Prostocks Vs IDBI Capital
Prostocks Vs Tradeplus
Prostocks Vs Tradejini
Prostocks Vs Alice Blue
Prostocks Vs Wisdom Capital
Prostocks Vs Finvasia
Prostocks Vs Beeline
Prostocks Vs Just Trade
Prostocks Vs Compositedge
Prostocks Vs Achiievers
Prostocks Vs Trustline
Prostocks Vs Yes Securities
Prostocks Vs Indira Securities






Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App