FREE Account Opening + No Clearing Fees
Loading...

Prostocks Vs Finvasia NRI Account Comparison

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

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

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

Expand

Prostocks Vs Finvasia

  Prostocks Finvasia
 
  Prostocks Logo Finvasia Securities Pvt Ltd 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Account NRI Account
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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Expand

Prostocks Vs Finvasia Charges

  Prostocks Finvasia
NRI Account Opening Fees ₹0 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 0 (Lifetime Zero AMC) Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Prostocks Account

Expand

Prostocks Vs Finvasia NRI Account Brokerage Comparison

Account Type Prostocks NRI Account Finvasia NRI Account
Equity Delivery ₹100 per executed order ₹0
Equity Futures ₹100 per executed order ₹0
Equity Options ₹100 per executed order ₹0
Open Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ₹0
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%
Expand

Prostocks Vs Finvasia NRI Account Taxes/Fees

  Prostocks Finvasia
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.

Expand

Prostocks Vs Finvasia NRI Account Margin

  Prostocks Margin Finvasia 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.


Expand

Prostocks and Finvasia NRI Account Features

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

Expand

Prostocks Vs Finvasia NRI Account Review

  Prostocks Review Finvasia Review
  41 Customer Reviews    Rate Prostocks 61 Customer Reviews    Rate Finvasia
Fees 4.6 4.6
Brokerage 4.2 4.8
Trading Platform 2.9 3.3
Customer Service 3.2 3.9
Overall Rating Rated 3.3 stars Rated 4.1 stars
Broker Rating Prostocks is Rated 3.3 / 5 based on 41 customer reviews Finvasia is Rated 4.1 / 5 based on 61 customer reviews
Open Prostocks Account

Expand

Contact Broker / Request A Call Back

  Prostocks Enquire Finvasia 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. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
*

Prostocks Vs Finvasia NRI Investment Options

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

Expand

Prostocks Vs Finvasia NRI Customer Service

  Prostocks Finvasia
Customer Care Number +91 88503 17671, +91 22 6243 4343, +91 22 3811 011 +91 172 667 0000
Customer Care Email sales@prostocks.com contactus@finvasia.com
Open Prostocks Account

Expand

Prostocks Vs Finvasia Order Type Offered for NRI Account

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

Expand

Prostocks Vs Finvasia - NRI Account Advantages and Disadvantages

  Prostocks Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
Open Prostocks Account

Comments

Add a public comment...

Compare More Brokers: