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Tradingo Vs Prostocks NRI Account Comparison

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

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

Our Tradingo (Swastika Investmart Ltd) comparison with Prostocks highlights the major differences between two brokers. Find the best between Tradingo and Prostocks NRI Account.

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Tradingo Vs Prostocks

  Tradingo Prostocks
 
  Tradingo (Swastika Investmart Ltd) Logo Prostocks Logo
About the Broker Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien... Know more about Tradingo (Swastika Investmart 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 Standard Plan NRI Account
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks Charges

  Tradingo Prostocks
NRI Account Opening Fees Rs 300 ₹0
NRI Account AMC Rs 0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 250 Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks NRI Account Brokerage Comparison

Account Type Tradingo NRI Standard Plan Prostocks NRI Account
Equity Delivery PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade ₹100 per executed order
Equity Futures Rs 50 per executed order ₹100 per executed order
Equity Options Rs 50 per executed order ₹100 per executed order
Open Tradingo AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - Rs 300
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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Tradingo Vs Prostocks NRI Account Taxes/Fees

  Tradingo 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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Tradingo Vs Prostocks NRI Account Margin

  Tradingo 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.


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Tradingo and Prostocks NRI Account Features

  Tradingo Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks NRI Account Review

  Tradingo Review Prostocks Review
  6 Customer Reviews    Rate Tradingo 37 Customer Reviews    Rate Prostocks
Fees 4.2 4.5
Brokerage 4.7 4.2
Trading Platform 3.5 2.9
Customer Service 3.8 3.2
Overall Rating Rated 4.0 stars Rated 3.2 stars
Broker Rating Tradingo is Rated 4.0 / 5 based on 6 customer reviews Prostocks is Rated 3.2 / 5 based on 37 customer reviews
Open Tradingo AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

  Tradingo Enquire Prostocks Enquire
Contact Broker Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the 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.
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Tradingo Vs Prostocks NRI Investment Options

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

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Tradingo Vs Prostocks NRI Customer Service

  Tradingo Prostocks
Customer Care Number +91 9667657700,+91 9667658800 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email helpdesk@gotradingo.com sales@prostocks.com
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks Order Type Offered for NRI Account

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

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Tradingo Vs Prostocks - NRI Account Advantages and Disadvantages

  Tradingo Prostocks
Pros
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
  • 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
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
  • 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

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

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

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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 alog trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Open Tradingo AccountOpen Prostocks Account

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