Tradeplus Vs Prostocks NRI Account Comparison

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

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

Our Tradeplus (Navia Markets Ltd) comparison with Prostocks highlights the major differences between two brokers. Find the best between Tradeplus and Prostocks NRI Account.

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Tradeplus Vs Prostocks

  Tradeplus Prostocks
 
Tradeplus (Navia Markets Ltd) Logo Prostocks Logo
About the Broker Tradeplus is one of the first brokerage firms to offer online trading services to NRIs. Tradeplus offers 4-in-1 accounts which include NRI SB Account, NRI Demat account, NRI trading account, and PAN Account. The broker allows NRIs to open NRO account... Know more about Tradeplus (Navia Markets 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
Broker Enquiry Open an Online Trading Account with Tradeplus. 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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Tradeplus Vs Prostocks Charges

  Tradeplus Prostocks
NRI Account Opening Fees ₹500 ₹0
NRI Account AMC ₹1000 p.a or ₹2500 Life Time AMC for 10yrs ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹500 (5 years) ₹0 (Lifetime Zero AMC)
PIS Account AMC ₹1500 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Tradeplus Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Tradeplus Prostocks
Account Type NRI Account
Equity Delivery 0.40% for NRE and 0.10% for NRO ₹100 per executed order
Equity Futures Flat ₹1499 per month (for F&O) ₹100 per executed order
Equity Options Flat ₹1499 per month (for F&O) ₹100 per executed order

Other Charges

Contract Note Reporting Charges PIS- ₹150 and Non-PIS- ₹200 NA
Other Brokerage Charges Regular plan: ₹200 per CRF; Direct Plan: No charges
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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Tradeplus Vs Prostocks NRI Account Taxes/Fees

  Tradeplus 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 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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Tradeplus Vs Prostocks NRI Account Exposure Margin

  Tradeplus Prostocks
Equity Delivery
Equity Futures
Equity Options
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Tradeplus and Prostocks NRI Account Feature Comparison

  Tradeplus Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features BTSL (Buy Today Sell Tomorrow) Order, Call & trade, ESOP trading
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Tradeplus Vs Prostocks NRI Account Review

  Tradeplus Prostocks
  29 Customer Reviews    Rate Tradeplus 29 Customer Reviews    Rate Prostocks
Fees 3.5 4.7
Brokerage 4.1 4.4
Trading Platform 3.0 3.0
Customer Service 2.8 3.3
Overall Rating Rated 3.2 stars Rated 3.3 stars
Broker Rating Tradeplus is Rated 3.2 / 5 based on 29 customer reviews Prostocks is Rated 3.3 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  Tradeplus Prostocks
Contact Broker
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Tradeplus Vs Prostocks NRI Investment Options

  Tradeplus Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options IPO, ETFs, Bonds
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Tradeplus Vs Prostocks NRI Customer Service

  Tradeplus Prostocks
Customer Care Number + 91 44 39189469 / 470 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nri@tradeplusonline.com sales@prostocks.com
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Tradeplus Vs Prostocks Order Type Offered for NRI Account

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

  Tradeplus Prostocks
Pros
  • Experience of 15+ years in providing NRI financial services.
  • Offers a 4-in-1 trading account.
  • ESOP Trading is allowed for NRIs.
  • Margin trading and BTST (Buy Today and Sell Tomorrow) are offered for NRO Account.
  • 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.
Cons
  • High call & trade charges which are Rs 1000 per month.
  • It has annual maintenance charges for Demat account and many brokers are not charging it.
  • They charges fees for trading software.
  • 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

Tradeplus is an excellent choice for NRI traders who want to trade using their NRO accounts. For such investors, the broker provides special facilities like margin trading and BTST (Buy Today and Sell Tomorrow) under NRO accounts which is not available with any other stock broker. The discount broker offers a 4-in-1 account in collaboration with Yes, HDFC and Axis bank which makes trading more convenient. However, the charges for call & trade services are on a higher side.

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.

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Tradeplus Vs Prostocks - More Reviews

  Tradeplus Prostocks
NRI Trading Review Tradeplus NRI Account Review Prostocks NRI Account Review
Enquire Tradeplus Enquire Prostocks
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