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NRI FAQs
14 November 2016
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What are the advantages of opening NRI Trading Account with ProStocks compared to other Discount Brokers?

The advantages are many:

  1. Equity Intraday Trading is now available to all NRI customers through NRO NON-PIS account.
  2. ProStocks charge Rs 100/- per executed order plus GST, Second lowest in India will charge you Rs 200 plus GST, which is twice of us.
  3. ProStocks does not do Proprietary Trading. All flat fee Brokers in India has large Proprietary Trading Desk. Flat Fee Brokerage is very low margin business model and you will appreciate the safety brought in by ProStocks by not having any Prop Trading, not even one rupee.
  4. NRI if opens a NRO Account can trade in Futures and Options with paying clearing fee as we are clearing member and completely waived Clearing Fee charged by the Clearing Member. Unlike our competitors, you are not required to do separate bulky documentation for Custodial Account or subject to certain minimum margin deposit requirement. You are no longer required to open custody account with ISSL or anyone when you do equity derivatives trades with ProStocks. You will save a significant amount, which you were required to pay to Custodian. ProStocks will take your CP code from the exchange which will allow you to trade equity derivatives at NSE as well as BSE.
  5. ProStocks offers NRO Non-PIS Account. Please refer the below given table for benefit of NRO Non-PIS Trading and Demat Account.
  6. ProStocks Trading and Demat Account are life time AMC free.
Benefits of NRO Non-PIS compared to NRO PIS NRE PIS vs NRO Non-PIS Trading Account

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  • Guest - Vineesh

    about 6 years ago

    HI
    i am an nri situated in uae and i wish to open a nri trading account. My current bank account is with federal bank. Please inform how i can apply for opening a trading account with prostock.

    Thanks
    Vineesh

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    Guest - Vineesh
    about 6 years ago

    We do not support Federal Bank as of NOW . We support HDFC Bank , Yes Bank , Axis Bank and Indusind bank. Please send email to [email protected] , how we can help you to open Bank Account on fast track.

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  • Guest - abdulbasheer

    about 4 years ago

    Hi
    I'm a uae based NRI and hold NRE account in axis bank. In order to open trading account,please let me know what shall i do? NRO non PIS account still valid for opening trading account.

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  • Guest - Mohammed Amjad

    about 3 years ago

    I have NRO account in SBI. Can I open NRO Non-PIS account? How to open?

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  • Guest - DIPAK KAMBLE

    about 3 years ago

    Hi..can u suggest which is better for taxation benefits NRE PIS or NRO non-PIS trading / demat account. i am really confused. Is the tax more for NRO non PIS account?
    Which is better for long term?

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