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Indira Securities Vs Prostocks NRI Account Comparison

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

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

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

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Indira Securities Vs Prostocks

  Indira Securities Prostocks
 
Indira Securities Pvt Ltd Logo Prostocks Logo
About the Broker Indira Securities does not offer NRI trading and demat 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... Know more about Prostocks
Account Type NA NRI Account
Broker Enquiry Open an Online Trading Account with Indira Securities. 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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Indira Securities Vs Prostocks Charges

  Indira Securities Prostocks
NRI Account Opening Fees NA ₹0
NRI Account AMC NA ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 450 (Free for 1st year) Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Indira Securities Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Indira Securities Prostocks
Account Type NA NRI Account
Equity Delivery NA ₹100 per executed order
Equity Futures NA ₹100 per executed order
Equity Options NA ₹100 per executed order

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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Indira Securities Vs Prostocks NRI Account Taxes/Fees

  Indira Securities 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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Indira Securities Vs Prostocks NRI Account Exposure Margin

  Indira Securities Prostocks
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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Indira Securities and Prostocks NRI Account Feature Comparison

  Indira Securities Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features
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Indira Securities Vs Prostocks NRI Account Review

  Indira Securities Prostocks
  3 Customer Reviews    Rate Indira Securities 36 Customer Reviews    Rate Prostocks
Fees 2.3 4.5
Brokerage 4.3 4.2
Trading Platform 4.0 2.8
Customer Service 4.0 3.1
Overall Rating Rated 4.0 stars Rated 3.2 stars
Broker Rating Indira Securities is Rated 4.0 / 5 based on 3 customer reviews Prostocks is Rated 3.2 / 5 based on 36 customer reviews
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Contact Broker / Request A Call Back

  Indira Securities Prostocks
Contact Broker
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Indira Securities Vs Prostocks NRI Investment Options

  Indira Securities Prostocks
Stocks No Yes
Initial Public Offers (IPO) No No
Mutual Funds No Yes
Other Investment Options
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Indira Securities Vs Prostocks NRI Customer Service

  Indira Securities Prostocks
Customer Care Number 9300046581 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email NRIDesk@indiratrade.com sales@prostocks.com
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Indira Securities Vs Prostocks Order Type Offered for NRI Account

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

  Indira Securities Prostocks
Pros
  • 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
  • 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

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.

Promo / Offers
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Indira Securities Vs Prostocks - More Reviews

  Indira Securities Prostocks
NRI Trading Review Indira Securities NRI Account Review Prostocks NRI Account Review
Enquire Indira Securities Enquire Prostocks
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