Sharekhan Vs Prostocks NRI Account Comparison

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

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

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

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Sharekhan Vs Prostocks

  Sharekhan Prostocks
 
Sharekhan Logo Prostocks Logo
About the Broker Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises... Know more about Sharekhan 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 Sharekhan NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Sharekhan. 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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Sharekhan Vs Prostocks Charges

  Sharekhan Prostocks
NRI Account Opening Fees ₹2000 ₹0
NRI Account AMC ₹3000 ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0 (Free)
NRI Demat Account AMC ₹400 (Free for 1st year) ₹0 (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan Prostocks
Account Type Sharekhan NRI Account NRI Account
Equity Delivery 0.50% ₹100 per executed order
Equity Futures 0.1% on first leg and 0.02% on second leg ₹100 per executed order
Equity Options ₹250 per contract note ₹100 per executed order

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges PIS Acct AMC: ₹1000
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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Sharekhan Vs Prostocks NRI Account Taxes/Fees

  Sharekhan 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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Sharekhan Vs Prostocks NRI Account Exposure Margin

  Sharekhan Prostocks
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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Sharekhan and Prostocks NRI Account Feature Comparison

  Sharekhan Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support
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Sharekhan Vs Prostocks NRI Account Review

  Sharekhan Prostocks
  285 Customer Reviews    Rate Sharekhan 28 Customer Reviews    Rate Prostocks
Fees 3.1 4.7
Brokerage 2.9 4.4
Trading Platform 3.7 2.9
Customer Service 3.4 3.3
Overall Rating Rated 3.3 stars Rated 3.3 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 285 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Prostocks
Contact Broker
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Sharekhan Vs Prostocks NRI Investment Options

  Sharekhan Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options PMS, Wealth Management
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Sharekhan Vs Prostocks NRI Customer Service

  Sharekhan Prostocks
Customer Care Number +91 022 6518500 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nridesk@sharekhan.com sales@prostocks.com
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Sharekhan Vs Prostocks Order Type Offered for NRI Account

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

  Sharekhan Prostocks
Pros
  1. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.
  • 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
  1. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.
  • 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

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

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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Sharekhan Vs Prostocks - More Reviews

  Sharekhan Prostocks
NRI Trading Review Sharekhan NRI Account Review Prostocks NRI Account Review
Enquire Sharekhan Enquire Prostocks
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