Anand Rathi 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.

• Advanced online trading platforms.
• Wide range of online trading platforms
• Offers research and recommendation tips.
• Offers Relationship Manager assistance
• Offers free call & trade facility for NRIs.
• Can open PIS account with multiple banks.
• Online Mutual Fund investment is available.

• 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.

• Charges brokerage in percentage which is higher than most of the discount brokers.
• It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
• NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.

• Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with a 3rd party before opening the NRI trading and demat account with the broker.

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.