Religare Vs Prostocks NRI Account Comparison

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.

• Dedicated NRI Invest team and relationship managers to all NRIs.
• Free research, recommendation and trading tips to NRIs.
• NRIs can hedge the portfolio risk using futures and options trading facility.
• Offers Mutual Fund services to NRIs

• 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.

• Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
• Religare doesn't offer automated trading to the investors.
• Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank 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.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

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.