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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
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
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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Sharekhan Vs Prostocks Charges

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

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Sharekhan Vs Prostocks NRI Account Brokerage Comparison

Account Type Sharekhan Sharekhan NRI Account Prostocks 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
Open Sharekhan AccountOpen Prostocks Account

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 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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Sharekhan Vs Prostocks NRI Account Margin

  Sharekhan 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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Sharekhan and Prostocks NRI Account Features

  Sharekhan Prostocks
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support Trading API, GTC & AMO orders
Open Sharekhan AccountOpen Prostocks Account

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Sharekhan Vs Prostocks NRI Account Review

  Sharekhan Review Prostocks Review
  309 Customer Reviews    Rate Sharekhan 38 Customer Reviews    Rate Prostocks
Fees 3.0 4.6
Brokerage 2.8 4.3
Trading Platform 3.7 2.9
Customer Service 3.3 3.2
Overall Rating Rated 3.3 stars Rated 3.3 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 309 customer reviews Prostocks is Rated 3.3 / 5 based on 38 customer reviews
Open Sharekhan AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

  Sharekhan Enquire Prostocks Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback. 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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Sharekhan Vs Prostocks NRI Investment Options

  Sharekhan Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
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 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email nridesk@sharekhan.com sales@prostocks.com
Open Sharekhan AccountOpen Prostocks Account

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Sharekhan Vs Prostocks Order Type Offered for NRI Account

  Sharekhan Prostocks
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

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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 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. 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.
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

Sharekhan Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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.

Open Sharekhan AccountOpen Prostocks Account

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