What are the advantages of opening NRI Trading Account with ProStocks compared to other Discount Brokers?
The advantages are many:
- Equity Intraday Trading is now available to all NRI customers through NRO NON-PIS account.
- ProStocks charge Rs 40/- per executed order plus GST, Second lowest in India will charge you Rs 200 plus GST, which is twice of us.
- 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.
- 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.
- ProStocks offers NRO Non-PIS Account. Please refer the below given table for benefit of NRO Non-PIS Trading and Demat Account.
- ProStocks Trading and Demat Account are life time AMC free.
