The side-by-side comparison of Prostocks and Alice Blue NRI Account. Compare Prostocks Vs Alice Blue NRI Account brokerage charges, exposure margin, demat account and AMC. Read Alice Blue and Prostocks NRI Account reviews.
Find out Prostocks Vs Alice Blue which is better NRI Trading Account. See Prostocks Vs Alice Blue which is best NRI Demat Account.
Our Prostocks comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Prostocks and Alice Blue NRI Account.
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...
Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with...
Account Type
NRI Account
NA
Special Offer
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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.
Prostocks Vs Alice Blue NRI Account Margin
Prostocks Margin
Alice Blue Margin
Equity Delivery
1x
1x
Equity Futures
1x
1x
Equity Options
1x
1x
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.
Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
Prostocks Vs Alice Blue Order Type Offered for NRI Account
Prostocks
Alice Blue
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
Prostocks Vs Alice Blue - NRI Account Advantages and Disadvantages
Prostocks
Alice Blue
Pros
ProStocks is the most popular broker for NRI Trading Account.
Prostocks charges a flat fee of Rs 100 per trade which is the cheapest fee charged by any broker in India.
No minimum deposit or funds are required.
GTC (Good Till Cancel) and AMO (After Market Order) are available.
Advance order types like BO, CO, OCO, etc are available.
Mutual Funds, Equity SIP, and IPO is available.
Trading APIs are available at flat Rs 1000 per month.
Demat and Trading accounts at Prostocks are lifetime AMC free.
NRI customer doesn't require a 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 huge savings for NRI customers.
Cons
Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
Alice Blue does not offer NRI trading and demat account.
Conclusion
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.
Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.
If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.
Promo / Offers
Prostocks Special Offer
Unlimited Monthly Trading @ Rs 899
Monthly unlimited trading plan @ Rs 899.
Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O +
Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.
Open Prostocks Account
