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Zerodha Vs Prostocks NRI Account Comparison

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

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

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

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Zerodha Vs Prostocks

  Zerodha Prostocks
 
  Zerodha Logo Prostocks Logo
About the Broker Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha 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
Open Zerodha AccountOpen Prostocks Account

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Zerodha Vs Prostocks Charges

  Zerodha Prostocks
NRI Account Opening Fees ₹500 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Zerodha AccountOpen Prostocks Account

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Zerodha Vs Prostocks NRI Account Brokerage Comparison

Account Type Zerodha NRI Account Prostocks NRI Account
Equity Delivery 0.1% or max ₹200 per trade ₹100 per executed order
Equity Futures ₹100 per trade ₹100 per executed order
Equity Options ₹100 per trade ₹100 per executed order
Open Zerodha AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC: ₹300 yearly
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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Zerodha Vs Prostocks NRI Account Taxes/Fees

  Zerodha 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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Zerodha Vs Prostocks NRI Account Margin

  Zerodha 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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Zerodha and Prostocks NRI Account Features

  Zerodha Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No No
Other Features
Open Zerodha AccountOpen Prostocks Account

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Zerodha Vs Prostocks NRI Account Review

  Zerodha Review Prostocks Review
  452 Customer Reviews    Rate Zerodha 37 Customer Reviews    Rate Prostocks
Fees 3.7 4.5
Brokerage 4.3 4.2
Trading Platform 3.6 2.9
Customer Service 3.4 3.2
Overall Rating Rated 3.7 stars Rated 3.2 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 452 customer reviews Prostocks is Rated 3.2 / 5 based on 37 customer reviews
Open Zerodha AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

  Zerodha 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 online with Zerodha 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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Zerodha Vs Prostocks NRI Investment Options

  Zerodha Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No Yes
Other Investment Options

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Zerodha Vs Prostocks NRI Customer Service

  Zerodha Prostocks
Customer Care Number +91 80 4718 1888 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nridesk@zerodha.com sales@prostocks.com
Open Zerodha AccountOpen Prostocks Account

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Zerodha Vs Prostocks Order Type Offered for NRI Account

  Zerodha 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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Zerodha Vs Prostocks - NRI Account Advantages and Disadvantages

  Zerodha Prostocks
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
  • Prostocks charges a flat fee of ₹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. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
  • 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

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice 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

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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 alog trading.

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

Open Zerodha AccountOpen Prostocks Account

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