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5paisa Vs Prostocks NRI Account Comparison

The side-by-side comparison of 5paisa and Prostocks NRI Account. Compare 5paisa Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and 5paisa NRI Account reviews.

Find out 5paisa Vs Prostocks which is better NRI Trading Account. See 5paisa Vs Prostocks which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between 5paisa and Prostocks NRI Account.

5paisa Vs Prostocks

 5paisaProstocks
 
 5paisa LogoProstocks Logo
About the Broker5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, 'We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. NRI's can ope...Know more about 5paisa Capital LtdProstocks 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 TypeNANRI Account
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa 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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5paisa Vs Prostocks Charges

 5paisaProstocks
NRI Account Opening FeesNA₹0
NRI Account AMCNA₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 300Rs 0 (Lifetime Zero AMC)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open 5paisa AccountOpen Prostocks Account

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5paisa Vs Prostocks NRI Account Brokerage Comparison

Account Type5paisa NAProstocks NRI Account
Equity DeliveryNA₹40 per executed order
Equity FuturesNA₹40 per executed order
Equity OptionsNA₹40 per executed order
Open 5paisa AccountOpen Prostocks Account

Other Charges

Contract Note Reporting ChargesNANA
Other Brokerage ChargesNA
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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5paisa Vs Prostocks NRI Account Taxes/Fees

 5paisaProstocks
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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5paisa Vs Prostocks NRI Account Margin

 5paisa 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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5paisa and Prostocks NRI Account Features

 5paisaProstocks
3-in-1 AccountNoNo
Automated TradingNoYes
Free Research And TipsNoNo
Other FeaturesTrading API, GTC & AMO orders
Open 5paisa AccountOpen Prostocks Account

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5paisa Vs Prostocks NRI Account Review

 5paisa ReviewProstocks Review
 97 Customer Reviews    Rate 5paisa42 Customer Reviews    Rate Prostocks
FeesRated 2.9 starsRated 4.5 stars
BrokerageRated 3.5 starsRated 4.2 stars
Trading PlatformRated 2.7 starsRated 2.9 stars
Customer ServiceRated 2.1 starsRated 3.2 stars
Overall RatingRated 2.6 starsRated 3.2 stars
Broker Rating5paisa is Rated 2.6 / 5 based on 97 customer reviewsProstocks is Rated 3.2 / 5 based on 42 customer reviews
Open 5paisa AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

 5paisa Enquire5paisa Enquire
Contact Broker
FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa 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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5paisa Vs Prostocks NRI Investment Options

 5paisaProstocks
StocksNoYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Other Investment Options

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5paisa Vs Prostocks NRI Customer Service

 5paisaProstocks
Customer Care NumberNA+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care EmailNAsales@prostocks.com
Open 5paisa AccountOpen Prostocks Account

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5paisa Vs Prostocks Order Type Offered for NRI Account

 5paisaProstocks
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes

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5paisa Vs Prostocks - NRI Account Advantages and Disadvantages

 5paisaProstocks
Pros
  • 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
  • 5paisa does not offer NRI trading and demat account.
  • 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

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

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

5paisaSpecial Offer

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

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.

Open 5paisa AccountOpen Prostocks Account