The side-by-side comparison of Angel One and Prostocks NRI Account. Compare Angel One Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and Angel One NRI Account reviews.
Find out Angel One Vs Prostocks which is better NRI Trading Account. See Angel One Vs Prostocks which is best NRI Demat Account.
Our Angel One Limited comparison with Prostocks highlights the major differences between two brokers. Find the best between Angel One and Prostocks NRI Account.
Angel One, a leading full-service stock broker in India, offers online trading to both resident and non-resident Indians (NRIs). Angel One offers 2-in-1 accounts to NRIs combining a trading and a demat account linked to each other. NRIs can use the a...
Prostocks 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...
Account Type
Angel iTrade PRIME
NRI Account
Special Offer
Special Offer: Brokerage free equity delivery trades, free tips and flat Rs 20 intraday and F&O trade brokerage. 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.
0.01% 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.
Angel One Vs Prostocks NRI Account Margin
Angel One Margin
Prostocks Margin
Equity Delivery
1x
1x
Equity Futures
1x
1x
Equity Options
1x
1x
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.
Angel One Vs Prostocks Order Type Offered for NRI Account
Angel One
Prostocks
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
Angel One Vs Prostocks - NRI Account Advantages and Disadvantages
Angel One
Prostocks
Pros
The flat-fee stock broker offers trading at a low brokerage charge.
Offers access to good trading software and tools.
Offer solid research advisory services.
ProStocks is the most popular broker for NRI Trading Account.
Prostocks charges a flat fee of Rs 100 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. Prostocks is a registered clearing member who can get the CP code for NRI and clear the trades. This offers huge savings for NRI customers.
Cons
Doesn't offer 3-in-1 accounts. Only offer 2-in-1 account combining trading and demat accounts. So, NRIs to first transfer funds from their PIS account to Angel One trading account before trading.
Doesn't offer Mutual Funds to NRI customers.
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
Angel One comes across as a decent choice for NRIs looking to trade in Indian stock markets. The company offers best-in-the-industry research services and trading recommendations to NRIs. It doesn't offer mutual fund investment services to NRIs. However, it charges a low flat-fee brokerage which makes it an attractive stock broker for NRIs.
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
Angel One Special Offer
Discount Brokerage Plan (Flat Rate Pricing)
Get a full-service trading account with discount broker pricing. Pay Rs 0 brokerage for equity delivery and flat Rs 20 brokerage for Intraday and F&O trades. Get high-quality research reports and personalized services for free. Open Instant Account and start trading in just a few minutes.
Prostocks Special 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 +