Unlimited Trading @ Rs 899 per month - Prostocks

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.

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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
Broker Enquiry Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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ProStocks Vs Finvasia Charges

  ProStocks Finvasia
NRI Account Opening Fees ₹0 ₹0 (₹199 Power of Attorney)
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0 (Free)
NRI Demat Account AMC ₹0 per year (Lifetime Zero AMC) ₹0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ProStocks Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

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

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%
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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 ₹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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ProStocks Vs Finvasia NRI Account Exposure Margin

  ProStocks Finvasia
Equity Delivery
Equity Futures
Equity Options
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ProStocks and Finvasia NRI Account Feature Comparison

  ProStocks Finvasia
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips No No
Other Features
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ProStocks Vs Finvasia NRI Account Review

  ProStocks Finvasia
  25 Customer Reviews    Rate ProStocks 10 Customer Reviews    Rate Finvasia
Fees 4.6 4.5
Brokerage 4.4 4.8
Trading Platform 2.9 3.1
Customer Service 3.2 4.7
Overall Rating Rated 3.3 stars Rated 4.7 stars
Broker Rating ProStocks is Rated 3.3 / 5 based on 25 customer reviews Finvasia is Rated 4.7 / 5 based on 10 customer reviews
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Contact Broker / Request A Call Back

  ProStocks Finvasia
Contact Broker
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ProStocks Vs Finvasia NRI Investment Options

  ProStocks Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes Yes
Other Investment Options
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ProStocks Vs Finvasia NRI Customer Service

  ProStocks Finvasia
Customer Care Number +91 22 6243 4343, +91 22 3811 0110 +91 172 667 0000
Customer Care Email sales@prostocks.com contactus@finvasia.com
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ProStocks Vs Finvasia Order Type Offered for NRI Account

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

  ProStocks Finvasia
Pros
  • 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.
  • 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.
  • GTC (Good Till Cancel) and AMO (After Market Order) not available.
  • 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.

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ProStocks Vs Finvasia - More Reviews

  ProStocks Finvasia
NRI Trading Review ProStocks NRI Account Review Finvasia NRI Account Review
Enquire ProStocks Enquire Finvasia
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