The side-by-side comparison of AxisDirect and Prostocks NRI Account. Compare AxisDirect Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and AxisDirect NRI Account reviews.
Find out AxisDirect Vs Prostocks which is better NRI Trading Account. See AxisDirect Vs Prostocks which is best NRI Demat Account.
Our Axis Securities comparison with Prostocks highlights the major differences between two brokers. Find the best between AxisDirect and Prostocks NRI Account.
| Ā | AxisDirect | Prostocks |
|---|---|---|
| Ā | ||
| Ā |  |  |
| About the Broker | Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account.
Axis Bank has 10 international branch offices across the w... | 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: Zero Intraday Brokerage with Axis Direct! MTF Interest ā 9.99% p.a. ā± 5 min | 100% Online | Paperless | 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. |
| Ā | AxisDirect | Prostocks |
|---|---|---|
| NRI Account Opening Fees | ā¹2500 | ā¹0 |
| NRI Account AMC | ā¹0 | ā¹0 |
| NRI Demat Account Opening Fees | Rs 0 | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 750 (free for 1st year) | Rs 0 (Lifetime Zero AMC) |
| PIS Account AMC | NA | |
| RBI approval for PIS (One time) | ā¹500 + GST | ā¹500 + GST |
| Open AxisDirect Account | Open Prostocks Account |
| Account Type | AxisDirect NRI Account | Prostocks NRI Account |
|---|---|---|
| Equity Delivery | 0.75% | ā¹40 per executed order |
| Equity Futures | 0.05% | ā¹40 per executed order |
| Equity Options | Intraday: 1p per lot, Carry Forward: ā¹10 per lot | ā¹40 per executed order |
| Open AxisDirect Account | Open Prostocks Account |
| Contract Note Reporting Charges | NA | |
| Other Brokerage Charges | PIS Acct AMC: ā¹1,500, Minimum Brokerage ā¹50 | |
| 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% |
| Ā | AxisDirect | Prostocks |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (ā¹5/Crore) | 0.00005% (ā¹5/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. |
| Ā | AxisDirect 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. | ||
| Ā | AxisDirect | Prostocks |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | Trading API, GTC & AMO orders | |
| Open AxisDirect Account | Open Prostocks Account |
| Ā | AxisDirect Review | Prostocks Review |
|---|---|---|
| Ā | 89 Customer Reviews Ā Ā Ā  | 43 Customer Reviews Ā Ā Ā |
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| Overall Rating | |  |
| Broker Rating | AxisDirect is Rated 2.0 / 5 based on 89 customer reviews | Prostocks is Rated 3.3 / 5 based on 43 customer reviews |
| Open AxisDirect Account | Open Prostocks Account |
| Ā | AxisDirect Enquire | AxisDirect Enquire |
|---|---|---|
| Contact Broker | Zero Intraday Brokerage with Axis Direct! MTF Interest ā 9.99% p.a. ā± 5 min | 100% Online | Paperless | 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. |
| Ā | AxisDirect | Prostocks |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options |
| Ā | AxisDirect | Prostocks |
|---|---|---|
| Customer Care Number | +91 22 4257 0809 | +91 88503 17671, +91 22 6243 4343, +91 22 3811 011 |
| Customer Care Email | sales@prostocks.com | |
| Open AxisDirect Account | Open Prostocks Account |
| Ā | AxisDirect | Prostocks |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Ā | AxisDirect | Prostocks |
|---|---|---|
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Conclusion | AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance. | 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 | AxisDirectSpecial OfferZero Intraday Brokerage with Axis Direct!
Limited-time offer! | ProstocksSpecial OfferUnlimited Monthly Trading @ Rs 899
This is a limited-time offer. Open FREE Instant Demat Account and start trading today. |
| Open AxisDirect Account | Open Prostocks Account |
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