Kotak Securities Vs Prostocks NRI Account Comparison

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

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

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

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Kotak Securities Vs Prostocks

  Kotak Securities Prostocks
 
Kotak Securities Ltd Logo Prostocks Logo
About the Broker Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak 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 Kotak 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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Kotak Securities Vs Prostocks Charges

  Kotak Securities Prostocks
NRI Account Opening Fees ₹3750 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹600 ₹0 (Lifetime Zero AMC)
PIS Account AMC ₹1000 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Kotak Securities Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Kotak Securities Prostocks
Account Type NRI Account NRI Account
Equity Delivery 1% on the turnover ₹100 per executed order
Equity Futures 1% on the turnover ₹100 per executed order
Equity Options 1% on the turnover ₹100 per executed order

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges Average Quarterly Balance: ₹10000
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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Kotak Securities Vs Prostocks NRI Account Taxes/Fees

  Kotak 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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Kotak Securities Vs Prostocks NRI Account Exposure Margin

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

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

  Kotak Securities Prostocks
  143 Customer Reviews    Rate Kotak Securities 28 Customer Reviews    Rate Prostocks
Fees 2.5 4.7
Brokerage 2.4 4.4
Trading Platform 3.4 2.9
Customer Service 3.0 3.3
Overall Rating Rated 2.6 stars Rated 3.3 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 143 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

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

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

  Kotak Securities Prostocks
Customer Care Number 022 6689 6000, 022 6652 9191 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nricustomerservice@kotak.com sales@prostocks.com
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Kotak Securities Vs Prostocks Order Type Offered for NRI Account

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

  Kotak Securities Prostocks
Pros
  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 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. 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.
Conclusion

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.

Promo / Offers
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Kotak Securities Vs Prostocks - More Reviews

  Kotak Securities Prostocks
NRI Trading Review Kotak Securities NRI Account Review Prostocks NRI Account Review
Enquire Kotak Securities Enquire Prostocks
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