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Religare Vs Prostocks NRI Account Comparison

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

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

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

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Religare Vs Prostocks

  Religare Prostocks
 
Religare Logo Prostocks Logo
About the Broker Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare 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
Broker Enquiry Open an Online Trading Account with Religare. 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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Religare Vs Prostocks Charges

  Religare Prostocks
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Nil ₹0 (Free)
NRI Demat Account AMC ₹400 from second year onward ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

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

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ODIN Diet: ₹999 per year
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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Religare Vs Prostocks NRI Account Taxes/Fees

  Religare 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 ₹15 per Crore ₹15 per 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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Religare Vs Prostocks NRI Account Exposure Margin

  Religare Prostocks
Equity Delivery
Equity Futures
Equity Options
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Religare and Prostocks NRI Account Feature Comparison

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

  Religare Prostocks
  73 Customer Reviews    Rate Religare 28 Customer Reviews    Rate Prostocks
Fees 3.2 4.7
Brokerage 3.1 4.4
Trading Platform 3.0 2.9
Customer Service 2.9 3.3
Overall Rating Rated 2.9 stars Rated 3.3 stars
Broker Rating Religare is Rated 2.9 / 5 based on 73 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

  Religare Prostocks
Contact Broker
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Religare Vs Prostocks NRI Investment Options

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

  Religare Prostocks
Customer Care Number 0120 6130300 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email wecare@religareonline.com sales@prostocks.com
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Religare Vs Prostocks Order Type Offered for NRI Account

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

  Religare Prostocks
Pros
  • 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 charges a flat fee of Rs 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
  • 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.
  • GTC (Good Till Cancel) and AMO (After Market Order) not available.
Conclusion

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.

Promo / Offers
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Religare Vs Prostocks - More Reviews

  Religare Prostocks
NRI Trading Review Religare NRI Account Review Prostocks NRI Account Review
Enquire Religare Enquire Prostocks
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