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Anand Rathi Vs Prostocks NRI Account Comparison

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

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

Our Anand Rathi comparison with Prostocks highlights the major differences between two brokers. Find the best between Anand Rathi and Prostocks NRI Account.

Anand Rathi Vs Prostocks

 Anand RathiProstocks
 
 Anand Rathi LogoProstocks Logo
About the BrokerAnand Rathi offers NRI Trading Account that enables NRIs to invest in Stocks, Mutual Funds, ETFs and Debt Funds in India Stock Markets. Anand Rathi is a full-service broker offering a wide range of services to NRIs. This includes online trading/inves...Know more about Anand RathiProstocks 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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Anand Rathi Vs Prostocks Charges

 Anand RathiProstocks
NRI Account Opening FeesRs 0₹0
NRI Account AMCRs 0₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMC450 + GST 18% = 532 (1st year free)Rs 0 (Lifetime Zero AMC)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Prostocks Account

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Anand Rathi Vs Prostocks NRI Account Brokerage Comparison

Account TypeAnand Rathi NRI AccountProstocks NRI Account
Equity Delivery0.30%₹40 per executed order
Equity Futures0.03%₹40 per executed order
Equity OptionsRs 50 per lot₹40 per executed order
Open Prostocks Account

Other Charges

Contract Note Reporting ChargesNANA
Other Brokerage ChargesDemat AMC: Rs 450 per year
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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Anand Rathi Vs Prostocks NRI Account Taxes/Fees

 Anand RathiProstocks
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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Anand Rathi Vs Prostocks NRI Account Margin

 Anand Rathi 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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Anand Rathi and Prostocks NRI Account Features

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

 Anand Rathi ReviewProstocks Review
 18 Customer Reviews    Rate Anand Rathi42 Customer Reviews    Rate Prostocks
FeesRated 3.1 starsRated 4.5 stars
BrokerageRated 3.2 starsRated 4.2 stars
Trading PlatformRated 3.0 starsRated 2.9 stars
Customer ServiceRated 3.2 starsRated 3.2 stars
Overall RatingRated 2.9 starsRated 3.2 stars
Broker RatingAnand Rathi is Rated 2.9 / 5 based on 18 customer reviewsProstocks is Rated 3.2 / 5 based on 42 customer reviews
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Contact Broker / Request A Call Back

 Anand Rathi EnquireAnand Rathi 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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Anand Rathi Vs Prostocks NRI Investment Options

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

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Anand Rathi Vs Prostocks NRI Customer Service

 Anand RathiProstocks
Customer Care Number0291 666 1001+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Emailnridesk@rathi.comsales@prostocks.com
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Anand Rathi Vs Prostocks Order Type Offered for NRI Account

 Anand RathiProstocks
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

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Anand Rathi Vs Prostocks - NRI Account Advantages and Disadvantages

 Anand RathiProstocks
Pros
  • Advanced online trading platforms.
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • 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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • 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

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with a 3rd party before opening the NRI trading and demat account with the broker.

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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