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Prostocks Vs Alice Blue NRI Account Comparison

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.

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Prostocks Vs Alice Blue

  Prostocks Alice Blue
 
  Prostocks Logo Alice Blue Financial Services Logo
About the Broker 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 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... Know more about Alice Blue Financial Services
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.

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Prostocks Vs Alice Blue Charges

  Prostocks Alice Blue
NRI Account Opening Fees ₹0 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 0 (Lifetime Zero AMC) Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Prostocks AccountOpen Alice Blue Account

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Prostocks Vs Alice Blue NRI Account Brokerage Comparison

Account Type Prostocks NRI Account Alice Blue NA
Equity Delivery ₹100 per executed order NA
Equity Futures ₹100 per executed order NA
Equity Options ₹100 per executed order NA
Open Prostocks AccountOpen Alice Blue Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA
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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Prostocks Vs Alice Blue NRI Account Taxes/Fees

  Prostocks Alice Blue
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 0.00005% (₹5/Crore) 0.00005% (₹5/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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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.


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Prostocks and Alice Blue NRI Account Features

  Prostocks Alice Blue
3-in-1 Account No No
Automated Trading Yes No
Free Research And Tips No No
Other Features Trading API, GTC & AMO orders
Open Prostocks AccountOpen Alice Blue Account

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Prostocks Vs Alice Blue NRI Account Review

  Prostocks Review Alice Blue Review
  38 Customer Reviews    Rate Prostocks 37 Customer Reviews    Rate Alice Blue
Fees 4.6 3.7
Brokerage 4.3 3.7
Trading Platform 2.9 3.4
Customer Service 3.2 3.0
Overall Rating Rated 3.3 stars Rated 3.2 stars
Broker Rating Prostocks is Rated 3.3 / 5 based on 38 customer reviews Alice Blue is Rated 3.2 / 5 based on 37 customer reviews
Open Prostocks AccountOpen Alice Blue Account

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Contact Broker / Request A Call Back

  Prostocks Enquire Alice Blue Enquire
Contact Broker 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.
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Prostocks Vs Alice Blue NRI Investment Options

  Prostocks Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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Prostocks Vs Alice Blue NRI Customer Service

  Prostocks Alice Blue
Customer Care Number +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email sales@prostocks.com
Open Prostocks AccountOpen Alice Blue Account

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Prostocks Vs Alice Blue Order Type Offered for NRI Account

  Prostocks Alice Blue
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No

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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 +
  • Lifetime Free AMC Demat Account +
  • API for algo trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Alice Blue Special Offer

Free Equity Delivery Trade

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 AccountOpen Alice Blue Account

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