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Prostocks Vs Alice Blue NRI Account Comparison

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

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

Our Prostocks comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Prostocks and Alice Blue NRI Account.

Prostocks Vs Alice Blue

 ProstocksAlice Blue
 
 Prostocks LogoAlice Blue 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 ProstocksAlice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 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 ca...Know more about Alice Blue Financial Services
Account TypeNRI AccountNA
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: Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

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Prostocks Vs Alice Blue Charges

 ProstocksAlice Blue
NRI Account Opening Fees₹0NA
NRI Account AMC₹0NA
NRI Demat Account Opening FeesRs 0 (Free)Rs 0
NRI Demat Account AMCRs 0 (Lifetime Zero AMC)Rs 400
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Prostocks AccountOpen Alice Blue Account

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Prostocks Vs Alice Blue NRI Account Brokerage Comparison

Account TypeProstocks NRI AccountAlice Blue NA
Equity Delivery₹40 per executed orderNA
Equity Futures₹40 per executed orderNA
Equity Options₹40 per executed orderNA
Open Prostocks AccountOpen Alice Blue 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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Prostocks Vs Alice Blue NRI Account Taxes/Fees

 ProstocksAlice Blue
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 Alice Blue NRI Account Margin

 Prostocks MarginAlice Blue 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 Alice Blue NRI Account Features

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

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Prostocks Vs Alice Blue NRI Account Review

 Prostocks ReviewAlice Blue Review
 42 Customer Reviews    Rate Prostocks40 Customer Reviews    Rate Alice Blue
FeesRated 4.5 starsRated 3.7 stars
BrokerageRated 4.2 starsRated 3.7 stars
Trading PlatformRated 2.9 starsRated 3.3 stars
Customer ServiceRated 3.2 starsRated 2.9 stars
Overall RatingRated 3.2 starsRated 3.1 stars
Broker RatingProstocks is Rated 3.2 / 5 based on 42 customer reviewsAlice Blue is Rated 3.1 / 5 based on 40 customer reviews
Open Prostocks AccountOpen Alice Blue 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.
Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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Prostocks Vs Alice Blue NRI Investment Options

 ProstocksAlice Blue
StocksYesNo
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

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Prostocks Vs Alice Blue NRI Customer Service

 ProstocksAlice Blue
Customer Care Number+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Emailsales@prostocks.com
Open Prostocks AccountOpen Alice Blue Account

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Prostocks Vs Alice Blue Order Type Offered for NRI Account

 ProstocksAlice Blue
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

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Prostocks Vs Alice Blue - NRI Account Advantages and Disadvantages

 ProstocksAlice Blue
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
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
  • Alice Blue does not offer NRI trading and demat account.
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.

Alice Blue, the Bangalore based financial service provider, 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 Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

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.

Alice BlueSpecial Offer

Free Equity Delivery Trade

Trade equity delivery in Rs 20 per executed order or 2.5% whichever is lower. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Prostocks AccountOpen Alice Blue Account