Stoxkart Vs Prostocks NRI Account Comparison

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

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

Our Stoxkart by SMC Global Securities Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between Stoxkart and Prostocks NRI Account.

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Stoxkart Vs Prostocks

  Stoxkart Prostocks
 
Stoxkart by SMC Global Securities Ltd Logo Prostocks Logo
About the Broker Stoxkart is an online discount stock broker in India. The Delhi based broker offers trading and investment services to both resident and NRIs. Stoxkart offers 2-in-1 accounts to NRIs which includes trading and a demat account linked to each other. It... Know more about Stoxkart by SMC Global Securities 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
Broker Enquiry Open an Online Trading Account with Stoxkart. 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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Stoxkart Vs Prostocks Charges

  Stoxkart Prostocks
NRI Account Opening Fees ₹590 ₹0
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Prostocks
Account Type NRI Account
Equity Delivery ₹200 per executed order ₹100 per executed order
Equity Futures ₹200 per executed order ₹100 per executed order
Equity Options ₹200 per executed order ₹100 per executed order

Other Charges

Contract Note Reporting Charges NA
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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Stoxkart Vs Prostocks NRI Account Taxes/Fees

  Stoxkart 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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Stoxkart Vs Prostocks NRI Account Exposure Margin

  Stoxkart 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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Stoxkart and Prostocks NRI Account Feature Comparison

  Stoxkart Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features NRI Account for US and Canada based NRIs
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Stoxkart Vs Prostocks NRI Account Review

  Stoxkart Prostocks
  3 Customer Reviews    Rate Stoxkart 35 Customer Reviews    Rate Prostocks
Fees 3.3 4.6
Brokerage 4.7 4.3
Trading Platform 3.3 2.8
Customer Service 3.0 3.2
Overall Rating Rated 3.3 stars Rated 3.2 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Prostocks is Rated 3.2 / 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Prostocks
Contact Broker
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Stoxkart Vs Prostocks NRI Investment Options

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

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

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

  Stoxkart Prostocks
Pros
  1. Good online trading platforms
  2. Charges fixed brokerage of ₹200 per order across segments
  3. Offers POs & Mutual Fund services to NRI customers.
  4. Tie-up with Axis, HDFC, Yes and IndusInd banks for PIS
  5. Services also available for US and Canada based NRIs. Many brokers don't offer services to US and Canada based NRIs due to extra compliance.
  • 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
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to the Stoxkart trading account before trading.
  • 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

Stoxkart comes across as a good choice for NRIs looking to invest in stock markets in India. The company offers good proprietary and 3rd party trading platforms and tools. It offers IPO and mutual fund investment services to meet the varied investment needs of NRIs. A simple flat-fee brokerage model of ₹200 per order makes it an attractive proposition for high-volume NRI traders who would have paid a lot more brokerage with a traditional stock broker.

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.

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Stoxkart Vs Prostocks - More Reviews

  Stoxkart Prostocks
NRI Trading Review Stoxkart NRI Account Review Prostocks NRI Account Review
Enquire Stoxkart Enquire Prostocks
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