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Geojit Vs Prostocks NRI Account Comparison

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

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

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

Geojit Vs Prostocks

 GeojitProstocks
 
 Geojit LogoProstocks Logo
About the BrokerGeojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ...Know more about Geojit BNP ParibasProstocks 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 TypeNRI Account
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - 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 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.

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Geojit Vs Prostocks Charges

 GeojitProstocks
NRI Account Opening Fees₹0
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 400 per yearRs 0 (Lifetime Zero AMC)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Geojit Vs Prostocks NRI Account Brokerage Comparison

Account TypeGeojit Prostocks NRI Account
Equity Delivery₹40 per executed order
Equity Futures₹40 per executed order
Equity Options₹40 per executed order
Open Prostocks Account

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage Charges
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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Geojit Vs Prostocks NRI Account Taxes/Fees

 GeojitProstocks
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 exercised 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 exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% 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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Geojit Vs Prostocks NRI Account Margin

 Geojit MarginProstocks Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

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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Geojit and Prostocks NRI Account Features

 GeojitProstocks
3-in-1 AccountNoNo
Automated TradingNoYes
Free Research And TipsYesNo
Other FeaturesTrading API, GTC & AMO orders
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Geojit Vs Prostocks NRI Account Review

 Geojit ReviewProstocks Review
 113 Customer Reviews    Rate Geojit42 Customer Reviews    Rate Prostocks
FeesRated 3.5 starsRated 4.5 stars
BrokerageRated 3.2 starsRated 4.2 stars
Trading PlatformRated 3.9 starsRated 2.9 stars
Customer ServiceRated 3.7 starsRated 3.2 stars
Overall RatingRated 3.6 starsRated 3.2 stars
Broker RatingGeojit is Rated 3.6 / 5 based on 113 customer reviewsProstocks is Rated 3.2 / 5 based on 42 customer reviews
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Contact Broker / Request A Call Back

 Geojit EnquireGeojit 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 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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Geojit Vs Prostocks NRI Investment Options

 GeojitProstocks
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment Options

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Geojit Vs Prostocks NRI Customer Service

 GeojitProstocks
Customer Care Number+91 0484 3911777+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Emailcustomercare@geojit.comsales@prostocks.com
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Geojit Vs Prostocks Order Type Offered for NRI Account

 GeojitProstocks
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes

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Geojit Vs Prostocks - NRI Account Advantages and Disadvantages

 GeojitProstocks
Pros
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
  • ProStocks is the most popular broker for NRI Trading Account.
  • Prostocks charges a flat fee of Rs 40 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. CP code no longer mandatory for NRo trading in futures and options .
Cons
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
  • 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

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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 (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

ProstocksSpecial 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.

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