Angel One Vs Prostocks NRI Account Comparison

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.

1. The flat-fee stock broker offers trading at a low brokerage charge.
2. Offers access to good trading software and tools.
3. 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.

1. 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.
2. 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.

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.