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Fyers Vs Prostocks NRI Account Comparison

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

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

Our Fyers Securities Ltd comparison with Prostocks highlights the major differences between two brokers. Find the best between Fyers and Prostocks NRI Account.

Fyers Vs Prostocks

 FyersProstocks
 
 Fyers LogoProstocks Logo
About the BrokerFyers is an online stock broker in India. Fyers offers regulated stock broking platforms that operate under SEBI and Stock Exchanges regulations and guidelines. It offers a 2-in-1 account combining trading and demat accounts with trading in Equity d...Know more about Fyers Securities LtdProstocks 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
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers 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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Fyers Vs Prostocks Charges

 FyersProstocks
NRI Account Opening FeesFree₹0
NRI Account AMCFree₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 0 (Free AMC for Lifetime)Rs 0 (Lifetime Zero AMC)
PIS Account AMCNANA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Fyers AccountOpen Prostocks Account

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Fyers Vs Prostocks NRI Account Brokerage Comparison

Account TypeFyers NRI AccountProstocks NRI Account
Equity Delivery₹50 and 0.5% for other services₹40 per executed order
Equity Futures₹50 per traded order₹40 per executed order
Equity Options₹50 per traded order₹40 per executed order
Open Fyers AccountOpen Prostocks Account

Other Charges

Contract Note Reporting ChargesNANA
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%
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Fyers Vs Prostocks NRI Account Taxes/Fees

 FyersProstocks
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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Fyers Vs Prostocks NRI Account Margin

 Fyers 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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Fyers and Prostocks NRI Account Features

 FyersProstocks
3-in-1 AccountNoNo
Automated TradingNoYes
Free Research And TipsNoNo
Other FeaturesTrading API, GTC & AMO orders
Open Fyers AccountOpen Prostocks Account

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Fyers Vs Prostocks NRI Account Review

 Fyers ReviewProstocks Review
 37 Customer Reviews    Rate Fyers42 Customer Reviews    Rate Prostocks
FeesRated 3.4 starsRated 4.5 stars
BrokerageRated 3.5 starsRated 4.2 stars
Trading PlatformRated 3.2 starsRated 2.9 stars
Customer ServiceRated 2.9 starsRated 3.2 stars
Overall RatingRated 2.9 starsRated 3.2 stars
Broker RatingFyers is Rated 2.9 / 5 based on 37 customer reviewsProstocks is Rated 3.2 / 5 based on 42 customer reviews
Open Fyers AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

 Fyers EnquireFyers Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers 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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Fyers Vs Prostocks NRI Investment Options

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

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Fyers Vs Prostocks NRI Customer Service

 FyersProstocks
Customer Care Number080-45699999+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Emailsupport@fyers.insales@prostocks.com
Open Fyers AccountOpen Prostocks Account

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Fyers Vs Prostocks Order Type Offered for NRI Account

 FyersProstocks
Bracket OrderNoYes
Cover OrderNoYes
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes

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Fyers Vs Prostocks - NRI Account Advantages and Disadvantages

 FyersProstocks
Pros
  1. Free online account opening and AMC charges
  2. Free equity delivery trading. No brokerage for cash & carry trades.
  3. Discount stock broker offering ultra-low brokerage. Fyers charges flat Rs 20 per trade maximum brokerage across trading segments and irrespective of the size of the trade.
  4. No hidden charges. Very transparent fees/charges.
  5. In-house build trading platform offers flexibility to implement new features/services quickly.
  6. All trading software is available for free of charge.
  7. Fyers NRI account holders get access to research reports and economic calendar
  8. Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • 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
  1. Fyers NRI account holders are not allowed to invest in currency derivatives.
  • 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

Fyers is a good option for NRIs who want to invest in the stock market and mutual funds in India. It has a Zero account opening and AMC charges. It offers a convenient way to invest with low brokerage charges. Fyers NRI account opening contact number - 080-45699999 and Fyers NRI account opening email ID - support@fyers.in.

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

FyersSpecial Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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.

Open Fyers AccountOpen Prostocks Account