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Tradingo Vs Prostocks NRI Account Comparison

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

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

Our Tradingo (Swastika Investmart Ltd) comparison with Prostocks highlights the major differences between two brokers. Find the best between Tradingo and Prostocks NRI Account.

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Tradingo Vs Prostocks

  Tradingo Prostocks
 
  Tradingo (Swastika Investmart Ltd) Logo Prostocks Logo
About the Broker Tradingo is an online broker offering stock market investment and trading services to the resident as well as NRI investors. Tradingo is a part of Swastika Investmart Ltd., a traditional full-service broker with over 29 years of stockbroking experien... Know more about Tradingo (Swastika Investmart Ltd) 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... Know more about Prostocks
Account Type NRI Standard Plan NRI Account
Special Offer
Special Offer: Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the 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.

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Tradingo Vs Prostocks Charges

  Tradingo Prostocks
NRI Account Opening Fees Rs 300 ₹0
NRI Account AMC Rs 0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 250 +GST (From 2nd Year) Rs 0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks NRI Account Brokerage Comparison

Account Type Tradingo NRI Standard Plan Prostocks NRI Account
Equity Delivery PIS Acct: Rs 100/Trade | Non-PIS: Rs 500/trade ₹100 per executed order
Equity Futures Rs 50 per executed order ₹100 per executed order
Equity Options Rs 50 per executed order ₹100 per executed order
Open Tradingo AccountOpen Prostocks Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - Rs 300
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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Tradingo Vs Prostocks NRI Account Taxes/Fees

  Tradingo Prostocks
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 excersied 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 excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 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.

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Tradingo Vs Prostocks NRI Account Margin

  Tradingo 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.


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Tradingo and Prostocks NRI Account Features

  Tradingo Prostocks
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips No No
Other Features Trading API, GTC & AMO orders
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks NRI Account Review

  Tradingo Review Prostocks Review
  6 Customer Reviews    Rate Tradingo 41 Customer Reviews    Rate Prostocks
Fees 4.2 4.6
Brokerage 4.7 4.2
Trading Platform 3.5 2.9
Customer Service 3.8 3.2
Overall Rating Rated 4.0 stars Rated 3.3 stars
Broker Rating Tradingo is Rated 4.0 / 5 based on 6 customer reviews Prostocks is Rated 3.3 / 5 based on 41 customer reviews
Open Tradingo AccountOpen Prostocks Account

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Contact Broker / Request A Call Back

  Tradingo Enquire Prostocks Enquire
Contact Broker Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery trades and Rs 20 per executed order or 0.05% (whichever is lower) on Intraday and F&O trade brokerage. Get the 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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Tradingo Vs Prostocks NRI Investment Options

  Tradingo Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Tradingo Vs Prostocks NRI Customer Service

  Tradingo Prostocks
Customer Care Number +91 9667657700,+91 9667658800 +91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email helpdesk@gotradingo.com sales@prostocks.com
Open Tradingo AccountOpen Prostocks Account

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Tradingo Vs Prostocks Order Type Offered for NRI Account

  Tradingo Prostocks
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes

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Tradingo Vs Prostocks - NRI Account Advantages and Disadvantages

  Tradingo Prostocks
Pros
  • Simple brokerage model.
  • Allows Equity Stocks investment using a non-PIS account.
  • Allows linking the trading account with any NRI bank account opened with a designated bank in India.
  • Offers to trade via mobile app, website, or trading terminal.
  • 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
  • Only offers a 2-in-1 account which increases the paperwork to open separate NRI bank account with other banks.
  • Higher Brokerage charges for non-PIS account.
  • Clients need to pay to avail of research services.
  • 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

Tradingo is a discount broker that offers 2-in-1 account services to NRI at ultra-low-cost brokerage charges. You can link or open an NRI bank account with any designated bank of your choice. Tradingo also offers advanced trading platforms to NRI to trade via mobile, web, or desktop software.

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

Tradingo Special Offer

Rs 20 per executed order or 2.5% (whichever is lower) on Equity Delivery and pay Rs 20 per executed order or 0.05% (whichever is lower) brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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 +
  • 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 Tradingo AccountOpen Prostocks Account

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