Kotak Securities Vs Prostocks NRI Account Comparison

• 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)

1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
2. Part of the reputed Kotak group
3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
4. AMO and GTC order types make it easy for NRIs to place orders at any time.
5. A dedicated research team for expert advice and recommendations
6. Offers a range of advanced online trading platforms and tools.
7. Offers online mutual fund, IPO and NCD investment facility.

• 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.

1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.

• 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.

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

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.