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Prostocks Vs Trustline NRI Account Comparison

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

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

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

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Prostocks Vs Trustline

  Prostocks Trustline
 
  Prostocks Logo Trustline Securities 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI Account
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Prostocks Vs Trustline Charges

  Prostocks Trustline
NRI Account Opening Fees ₹0 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Regular: Rs 0, Lifetime Free AMC: Rs 1000
NRI Demat Account AMC Rs 0 (Lifetime Zero AMC) Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Prostocks Vs Trustline NRI Account Brokerage Comparison

Account Type Prostocks NRI Account Trustline
Equity Delivery ₹100 per executed order 0.03 (3 paise)
Equity Futures ₹100 per executed order 0.30 (30 paise)
Equity Options ₹100 per executed order ₹75 per lot
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage 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%
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Prostocks Vs Trustline NRI Account Taxes/Fees

  Prostocks Trustline
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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Prostocks Vs Trustline NRI Account Margin

  Prostocks Margin Trustline 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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Prostocks and Trustline NRI Account Features

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

  Prostocks Review Trustline Review
  37 Customer Reviews    Rate Prostocks 3 Customer Reviews    Rate Trustline
Fees 4.5 3.3
Brokerage 4.2 2.7
Trading Platform 2.9 3.7
Customer Service 3.2 3.3
Overall Rating Rated 3.2 stars Rated 3.3 stars
Broker Rating Prostocks is Rated 3.2 / 5 based on 37 customer reviews Trustline is Rated 3.3 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Prostocks Enquire Trustline 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. Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Prostocks Vs Trustline NRI Investment Options

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

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Prostocks Vs Trustline NRI Customer Service

  Prostocks Trustline
Customer Care Number +91 22 6243 4343, +91 22 3811 0110 (0120) 4613-888
Customer Care Email sales@prostocks.com helpdesk@trustline.in
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Prostocks Vs Trustline Order Type Offered for NRI Account

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

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Prostocks Vs Trustline - NRI Account Advantages and Disadvantages

  Prostocks Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

Promo / Offers

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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and Trustline representatives will contact you.

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