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SBI Securities Vs Prostocks NRI Account Comparison

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

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

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

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SBI Securities Vs Prostocks

  SBI Securities Prostocks
 
  SBICAP Securities Ltd Logo Prostocks Logo
About the Broker State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP 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 NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special 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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SBI Securities Vs Prostocks Charges

  SBI Securities Prostocks
NRI Account Opening Fees ₹2500 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 350 Rs 0 (Lifetime Zero AMC)
PIS Account AMC ₹900 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SBI Securities Vs Prostocks NRI Account Brokerage Comparison

Account Type SBI Securities NRI Account Prostocks NRI Account
Equity Delivery 0.75% ₹100 per executed order
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order
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Other Charges

Contract Note Reporting Charges ₹0 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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SBI Securities Vs Prostocks NRI Account Taxes/Fees

  SBI Securities 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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SBI Securities Vs Prostocks NRI Account Margin

  SBI Securities 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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SBI Securities and Prostocks NRI Account Features

  SBI Securities Prostocks
3-in-1 Account Yes No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features Trading API, GTC & AMO orders
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SBI Securities Vs Prostocks NRI Account Review

  SBI Securities Review Prostocks Review
  154 Customer Reviews    Rate SBI Securities 38 Customer Reviews    Rate Prostocks
Fees 3.1 4.6
Brokerage 2.7 4.3
Trading Platform 2.6 2.9
Customer Service 2.8 3.2
Overall Rating Rated 2.5 stars Rated 3.3 stars
Broker Rating SBI Securities is Rated 2.5 / 5 based on 154 customer reviews Prostocks is Rated 3.3 / 5 based on 38 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Enquire Prostocks Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. 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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SBI Securities Vs Prostocks NRI Investment Options

  SBI Securities Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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SBI Securities Vs Prostocks NRI Customer Service

  SBI Securities Prostocks
Customer Care Number +91 22 6153 6900 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email nri@sbicapsec.com sales@prostocks.com
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SBI Securities Vs Prostocks Order Type Offered for NRI Account

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

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SBI Securities Vs Prostocks - NRI Account Advantages and Disadvantages

  SBI Securities Prostocks
Pros
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
  • 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.
Cons
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
Conclusion

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Prostocks Special Offer

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 algo trading.

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

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