FREE Account Opening + No Clearing Fees
Loading...

Kotak Securities Vs Prostocks NRI Account Comparison

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

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

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

Expand

Kotak Securities Vs Prostocks

  Kotak Securities Prostocks
 
  Kotak Securities Ltd Logo Prostocks Logo
About the Broker Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak 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
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now
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.

Expand

Kotak Securities Vs Prostocks Charges

  Kotak Securities Prostocks
NRI Account Opening Fees ₹3750 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 600 Rs 0 (Lifetime Zero AMC)
PIS Account AMC ₹1000 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Kotak Securities AccountOpen Prostocks Account

Expand

Kotak Securities Vs Prostocks NRI Account Brokerage Comparison

Account Type Kotak Securities NRI Account Prostocks NRI Account
Equity Delivery 1.00% ₹100 per executed order
Equity Futures 1.00% ₹100 per executed order
Equity Options 1.00% ₹100 per executed order
Open Kotak Securities AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges Average Quarterly Balance: ₹10000
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%
Expand

Kotak Securities Vs Prostocks NRI Account Taxes/Fees

  Kotak 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.

Expand

Kotak Securities Vs Prostocks NRI Account Margin

  Kotak 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.


Expand

Kotak Securities and Prostocks NRI Account Features

  Kotak 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
Open Kotak Securities AccountOpen Prostocks Account

Expand

Kotak Securities Vs Prostocks NRI Account Review

  Kotak Securities Review Prostocks Review
  197 Customer Reviews    Rate Kotak Securities 41 Customer Reviews    Rate Prostocks
Fees 2.4 4.6
Brokerage 2.3 4.2
Trading Platform 3.2 2.9
Customer Service 2.8 3.2
Overall Rating Rated 2.4 stars Rated 3.3 stars
Broker Rating Kotak Securities is Rated 2.4 / 5 based on 197 customer reviews Prostocks is Rated 3.3 / 5 based on 41 customer reviews
Open Kotak Securities AccountOpen Prostocks Account

Expand

Contact Broker / Request A Call Back

  Kotak Securities Enquire Prostocks Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now 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.
*

Kotak Securities Vs Prostocks NRI Investment Options

  Kotak Securities Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

Expand

Kotak Securities Vs Prostocks NRI Customer Service

  Kotak Securities Prostocks
Customer Care Number 022 6689 6000, 022 6652 9191 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email nricustomerservice@kotak.com sales@prostocks.com
Open Kotak Securities AccountOpen Prostocks Account

Expand

Kotak Securities Vs Prostocks Order Type Offered for NRI Account

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

Expand

Kotak Securities Vs Prostocks - NRI Account Advantages and Disadvantages

  Kotak Securities Prostocks
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  • 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. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  • 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

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

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

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

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 Kotak Securities AccountOpen Prostocks Account

Comments

Add a public comment...

Compare More Brokers: