Prostocks Vs Jainam Broking NRI Account Comparison

Prostocks Vs Jainam Broking

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

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

Our Prostocks comparison with Jainam Broking Limited highlights the major differences between two brokers. Find the best between Prostocks and Jainam Broking NRI Account.

 ProstocksJainam Broking
 
 Prostocks LogoJainam Broking 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 ProstocksJainam Broking Limited offers NRI (Non-Resident Indian) trading services, allowing NRIs to invest in the Indian stock market through various routes, including direct equity investments and mutual funds. They provide online account opening and trading...Know more about Jainam Broking Limited
Account TypeNRI AccountDIY 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: Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account

Prostocks Vs Jainam Broking Charges

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 ProstocksJainam Broking
NRI Account Opening Fees₹0Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 0 (Lifetime Zero AMC)Rs 0 (Free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Prostocks AccountOpen Jainam Broking Account

Prostocks Vs Jainam Broking NRI Account Brokerage Comparison

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Account TypeProstocks NRI AccountJainam Broking DIY Plan
Equity Delivery₹40 per executed orderRs 18 per order
Equity Futures₹40 per executed orderRs 18 per order
Equity Options₹40 per executed orderRs 18 per order
Open Prostocks AccountOpen Jainam Broking Account

Other Charges

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Contract Note Reporting ChargesNA
Other Brokerage Charges
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%

Prostocks Vs Jainam Broking NRI Account Taxes/Fees

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 ProstocksJainam Broking
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.

Prostocks Vs Jainam Broking NRI Account Margin

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 Prostocks MarginJainam Broking 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.

Prostocks and Jainam Broking NRI Account Features

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 ProstocksJainam Broking
3-in-1 AccountNoNo
Automated TradingYesYes
Free Research And TipsNoNo
Other FeaturesTrading API, GTC & AMO orders
Open Prostocks AccountOpen Jainam Broking Account

Prostocks Vs Jainam Broking NRI Account Review

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 Prostocks ReviewJainam Broking Review
 43 Customer Reviews    Rate Prostocks0 Customer Reviews    Rate Jainam Broking
FeesRated 4.5 starsRated undefined stars
BrokerageRated 4.2 starsRated undefined stars
Trading PlatformRated 2.9 starsRated undefined stars
Customer ServiceRated 3.2 starsRated undefined stars
Overall RatingRated 3.3 starsRated undefined stars
Broker RatingProstocks is Rated 3.3 / 5 based on 43 customer reviewsJainam Broking is Rated / 5 based on 0 customer reviews
Open Prostocks AccountOpen Jainam Broking Account

Contact Broker / Request A Call Back

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 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.
Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account

Prostocks Vs Jainam Broking NRI Investment Options

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

Prostocks Vs Jainam Broking NRI Customer Service

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 ProstocksJainam Broking
Customer Care Number+91 88503 17671, +91 22 6243 4343, +91 22 3811 011+91261 6725555
Customer Care Emailsales@prostocks.comcustomercare@jainam.in
Open Prostocks AccountOpen Jainam Broking Account

Prostocks Vs Jainam Broking Order Type Offered for NRI Account

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 ProstocksJainam Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

Prostocks Vs Jainam Broking - NRI Account Advantages and Disadvantages

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 ProstocksJainam Broking
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 .
  • User-Friendly Platform: Jainam Broking's online platform is designed for ease of use, simplifying trading and investment.
  • Low Fees: Jainam offers competitive pricing structures, which can reduce overall trading costs.
  • Diverse Investment Options: NRIs can invest in a wide range of securities, including stocks, mutual funds, bonds, and ETFs.
  • Strong Customer Support: Jainam Broking prioritises customer support to assist with any queries or issues.
  • Reliable Reputation: Jainam has a strong reputation as a trustworthy broker.
  • Fast and Simple Account Opening: Jainam offers a streamlined online account opening process.
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.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade 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.

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.

Jainam BrokingSpecial Offer

Invest smart, invest simple — your journey begins at just ₹18 per order

Open a Free Demat Account online and start trading today.

Open Prostocks AccountOpen Jainam Broking Account

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