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Prostocks Vs Firstock NRI Account Comparison

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

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

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

Prostocks Vs Firstock

 ProstocksFirstock
 
 Prostocks LogoFirstock 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 ProstocksFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI AccountEquity (PIS)
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: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.

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Prostocks Vs Firstock Charges

 ProstocksFirstock
NRI Account Opening Fees₹0
NRI Account AMC₹0
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 Firstock Account

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Prostocks Vs Firstock NRI Account Brokerage Comparison

Account TypeProstocks NRI AccountFirstock Equity (PIS)
Equity Delivery₹40 per executed order0.5% or Rs 200 per order, whichever is lower
Equity Futures₹40 per executed orderRs 100 per executed order
Equity Options₹40 per executed orderRs 100 per executed order
Open Prostocks AccountOpen Firstock Account

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesEquity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
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 Firstock NRI Account Taxes/Fees

 ProstocksFirstock
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 Firstock NRI Account Margin

 Prostocks MarginFirstock 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 Firstock NRI Account Features

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

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Prostocks Vs Firstock NRI Account Review

 Prostocks ReviewFirstock Review
 42 Customer Reviews    Rate Prostocks1 Customer Reviews    Rate Firstock
FeesRated 4.5 starsRated 3.0 stars
BrokerageRated 4.2 starsRated 3.0 stars
Trading PlatformRated 2.9 starsRated 3.0 stars
Customer ServiceRated 3.2 starsRated 3.0 stars
Overall RatingRated 3.2 starsRated 3.0 stars
Broker RatingProstocks is Rated 3.2 / 5 based on 42 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
Open Prostocks AccountOpen Firstock 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.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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Prostocks Vs Firstock NRI Investment Options

 ProstocksFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

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Prostocks Vs Firstock NRI Customer Service

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

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Prostocks Vs Firstock Order Type Offered for NRI Account

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

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Prostocks Vs Firstock - NRI Account Advantages and Disadvantages

 ProstocksFirstock
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 .
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the 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.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
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.

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

Open Prostocks AccountOpen Firstock Account