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Prostocks Vs Tradingo NRI Account Comparison

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

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

Our Prostocks comparison with Tradingo (Swastika Investmart Ltd) highlights the major differences between two brokers. Find the best between Prostocks and Tradingo NRI Account.

Prostocks Vs Tradingo

 ProstocksTradingo
 
 Prostocks LogoTradingo Logo
About the BrokerProstocks 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 ProstocksTradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien...Know more about Tradingo (Swastika Investmart Ltd)
Account TypeNRI AccountNRI Standard Plan
Special Offer
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.
Special Offer: Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer

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Prostocks Vs Tradingo Charges

 ProstocksTradingo
NRI Account Opening Fees₹0Rs 300
NRI Account AMC₹0Rs 0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0
NRI Demat Account AMCRs 0 (Lifetime Zero AMC)Rs 250 +GST (From 2nd Year)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Prostocks AccountOpen Tradingo Account

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Prostocks Vs Tradingo NRI Account Brokerage Comparison

Account TypeProstocks NRI AccountTradingo NRI Standard Plan
Equity Delivery₹40 per executed orderPIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade
Equity Futures₹40 per executed orderRs 50 per executed order
Equity Options₹40 per executed orderRs 50 per executed order
Open Prostocks AccountOpen Tradingo Account

Other Charges

Contract Note Reporting ChargesNANA
Other Brokerage ChargesDemat Account AMC - Rs 300
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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Prostocks Vs Tradingo NRI Account Taxes/Fees

 ProstocksTradingo
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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Prostocks Vs Tradingo NRI Account Margin

 Prostocks MarginTradingo 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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Prostocks and Tradingo NRI Account Features

 ProstocksTradingo
3-in-1 AccountNoNo
Automated TradingYesNo
Free Research And TipsNoNo
Other FeaturesTrading API, GTC & AMO orders
Open Prostocks AccountOpen Tradingo Account

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Prostocks Vs Tradingo NRI Account Review

 Prostocks ReviewTradingo Review
 42 Customer Reviews    Rate Prostocks6 Customer Reviews    Rate Tradingo
FeesRated 4.5 starsRated 4.2 stars
BrokerageRated 4.2 starsRated 4.7 stars
Trading PlatformRated 2.9 starsRated 3.5 stars
Customer ServiceRated 3.2 starsRated 3.8 stars
Overall RatingRated 3.2 starsRated 4.0 stars
Broker RatingProstocks is Rated 3.2 / 5 based on 42 customer reviewsTradingo is Rated 4.0 / 5 based on 6 customer reviews
Open Prostocks AccountOpen Tradingo Account

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Contact Broker / Request A Call Back

 Prostocks EnquireProstocks Enquire
Contact Broker
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.
Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the offer
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Prostocks Vs Tradingo NRI Investment Options

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

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Prostocks Vs Tradingo NRI Customer Service

 ProstocksTradingo
Customer Care Number+91 88503 17671, +91 22 6243 4343, +91 22 3811 011+91 9667657700,+91 9667658800
Customer Care Emailsales@prostocks.comhelpdesk@gotradingo.com
Open Prostocks AccountOpen Tradingo Account

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Prostocks Vs Tradingo Order Type Offered for NRI Account

 ProstocksTradingo
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesNo

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Prostocks Vs Tradingo - NRI Account Advantages and Disadvantages

 ProstocksTradingo
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 .
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
Cons
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
Conclusion

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.

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

Promo / Offers

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.

TradingoSpecial Offer

Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery and pay Rs 20 per executed order or 0.05% (whichever is lower) brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

Open Prostocks AccountOpen Tradingo Account