NRI FAQs 14 November 2016 Hits: 17746 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 100/- 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. People in this conversation Team ProStocks Comments (5) Sort by Oldest First Sort by Latest First Subscribe: Email 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 http://maps.google.com/maps?z=15&q=, Share Short URL: Permalink Team ProStocks 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. http://maps.google.com/maps?z=15&q=, Share Short URL: Permalink 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. http://maps.google.com/maps?z=15&q=, Share Short URL: Permalink Guest - Mohammed Amjad about 3 years ago I have NRO account in SBI. Can I open NRO Non-PIS account? How to open? http://maps.google.com/maps?z=15&q=, Share Short URL: Permalink 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? http://maps.google.com/maps?z=15&q=, Share Short URL: Permalink Stickies Lovies Login to post a comment Username Password Login Remember me Post comment as a guest Name (Required): Email (Required): 0 Cancel Submit Comment
