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.
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...
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: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha 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.
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.
Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account 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.
Zerodha Vs Prostocks Order Type Offered for NRI Account
Zerodha
Prostocks
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
Zerodha Vs Prostocks - NRI Account Advantages and Disadvantages
Zerodha
Prostocks
Pros
Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
India's largest stock broker in terms of active customers.
Offers access to best-in-industry trading software and tools.
Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
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
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.
Doesn't offer Mutual Funds to NRI customers.
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.
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
Zerodha Special Offer
Free stock trading and mutual funds
Free account opening for all people.
Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +