IIFL Securities Vs Prostocks NRI Account Comparison
The side-by-side comparison of IIFL Securities and Prostocks NRI Account. Compare IIFL Securities Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and IIFL Securities NRI Account reviews.
Find out IIFL Securities Vs Prostocks which is better NRI Trading Account. See IIFL Securities Vs Prostocks which is best NRI Demat Account.
Our IIFL Securities Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between IIFL Securities and Prostocks NRI Account.
IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua...
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...
Account Type
NRI Account
NRI Account
Special Offer
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL 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.
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.
IIFL Securities Vs Prostocks NRI Account Margin
IIFL 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.
IIFL Securities and Prostocks NRI Account Features
Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL 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.
IIFL Securities Vs Prostocks NRI Investment Options
IIFL Securities Vs Prostocks Order Type Offered for NRI Account
IIFL Securities
Prostocks
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Securities Vs Prostocks - NRI Account Advantages and Disadvantages
IIFL Securities
Prostocks
Pros
Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
Online account opening process for NRIs.
Convenient Mutual Fund investment through a mobile app or website.
Part of IIFL Group, a financial services conglomerate.
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
Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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
IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for 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
IIFL Securities Special Offer
Flat Rs 20 Per Trade Brokerage + Free Account Opening
Flat Rs 20 per trade brokerage for delivery, intraday and F&O +