Chittorgarh.com Logo
Loading...

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.

Expand

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 NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

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.

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.

Expand

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 Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 0 Rs 0 (Lifetime Zero AMC)
PIS Account AMC ₹1500 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Tradeplus AccountOpen Prostocks Account

Expand

Tradeplus Vs Prostocks NRI Account Brokerage Comparison

Account Type Tradeplus NRI Account Prostocks NRI Account
Equity Delivery 0.40% for NRE and 0.10% for NRO ₹100 per executed order
Equity Futures ₹49 per executed trade ₹100 per executed order
Equity Options ₹49 per executed trade ₹100 per executed order
Open Tradeplus AccountOpen Prostocks Account

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%
Expand

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.

Expand

Tradeplus Vs Prostocks NRI Account Margin

  Tradeplus Margin Prostocks 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

Tradeplus and Prostocks NRI Account Features

  Tradeplus Prostocks
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips No No
Other Features BTSL (Buy Today Sell Tomorrow) Order, Call & trade, ESOP trading Trading API, GTC & AMO orders
Open Tradeplus AccountOpen Prostocks Account

Expand

Tradeplus Vs Prostocks NRI Account Review

  Tradeplus Review Prostocks Review
  37 Customer Reviews    Rate Tradeplus 38 Customer Reviews    Rate Prostocks
Fees 3.4 4.6
Brokerage 4.1 4.3
Trading Platform 2.8 2.9
Customer Service 2.6 3.2
Overall Rating Rated 2.9 stars Rated 3.3 stars
Broker Rating Tradeplus is Rated 2.9 / 5 based on 37 customer reviews Prostocks is Rated 3.3 / 5 based on 38 customer reviews
Open Tradeplus AccountOpen Prostocks Account

Expand

Contact Broker / Request A Call Back

  Tradeplus Enquire Prostocks Enquire
Contact Broker 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. 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.
*

Tradeplus Vs Prostocks NRI Investment Options

  Tradeplus Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options IPO, ETFs, Bonds

Expand

Tradeplus Vs Prostocks NRI Customer Service

  Tradeplus Prostocks
Customer Care Number + 91 44 39189469 / 470 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email nri@tradeplusonline.com sales@prostocks.com
Open Tradeplus AccountOpen Prostocks Account

Expand

Tradeplus Vs Prostocks Order Type Offered for NRI Account

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

Expand

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 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.
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.

Promo / Offers

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

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.

Open Tradeplus AccountOpen Prostocks Account

Comments

Add a public comment...

Compare More Brokers: