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HDFC Securities Vs Prostocks NRI Account Comparison

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

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

Our HDFC Securities Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between HDFC Securities and Prostocks NRI Account.

HDFC Securities Vs Prostocks

 HDFC SecuritiesProstocks
 
 HDFC Securities LogoProstocks Logo
About the BrokerHDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc...Know more about HDFC Securities 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 TypeNRI AccountNRI 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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HDFC Securities Vs Prostocks Charges

 HDFC SecuritiesProstocks
NRI Account Opening Fees₹2500₹0
NRI Account AMC₹0₹0
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 750Rs 0 (Lifetime Zero AMC)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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HDFC Securities Vs Prostocks NRI Account Brokerage Comparison

Account TypeHDFC Securities NRI AccountProstocks NRI Account
Equity Delivery0.75%₹40 per executed order
Equity Futures0.025% (Both Buy & Sell)₹40 per executed order
Equity Options₹100 per lot₹40 per executed order
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Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesMinimum Brokerage: ₹25, PIS AMC: ₹1000
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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HDFC Securities Vs Prostocks NRI Account Taxes/Fees

 HDFC SecuritiesProstocks
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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HDFC Securities Vs Prostocks NRI Account Margin

 HDFC Securities 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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HDFC Securities and Prostocks NRI Account Features

 HDFC SecuritiesProstocks
3-in-1 AccountYesNo
Automated TradingNoYes
Free Research And TipsYesNo
Other FeaturesTrading API, GTC & AMO orders
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HDFC Securities Vs Prostocks NRI Account Review

 HDFC Securities ReviewProstocks Review
 231 Customer Reviews    Rate HDFC Securities42 Customer Reviews    Rate Prostocks
FeesRated 2.1 starsRated 4.5 stars
BrokerageRated 1.8 starsRated 4.2 stars
Trading PlatformRated 2.8 starsRated 2.9 stars
Customer ServiceRated 2.5 starsRated 3.2 stars
Overall RatingRated 2.1 starsRated 3.2 stars
Broker RatingHDFC Securities is Rated 2.1 / 5 based on 231 customer reviewsProstocks is Rated 3.2 / 5 based on 42 customer reviews
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Contact Broker / Request A Call Back

 HDFC Securities EnquireHDFC Securities 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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HDFC Securities Vs Prostocks NRI Investment Options

 HDFC SecuritiesProstocks
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsBonds, Equity F&O, ETFs

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HDFC Securities Vs Prostocks NRI Customer Service

 HDFC SecuritiesProstocks
Customer Care Number+91 2267 6061 61+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Emailsales@prostocks.com
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HDFC Securities Vs Prostocks Order Type Offered for NRI Account

 HDFC SecuritiesProstocks
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

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HDFC Securities Vs Prostocks - NRI Account Advantages and Disadvantages

 HDFC SecuritiesProstocks
Pros
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
  • 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
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
  • 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

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

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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