AxisDirect Vs Prostocks NRI Account Comparison

1. Offers 4-in-1 account for fast trading experience.
2. Offers online Mutual Fund, IPO and NCD services.
3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
5. Free trading and investment recommendations.
6. Assistance from Relationship Managers.
7. GTC and AMO orders.
8. A subsidiary of the reputed Axis Bank.

• 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 .

1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
2. Axis does not provide online trading facility to USA based NRI clients.

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

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

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.