Best Brokers for NRI Trading Services
Who is NRI and POI?
Non-Resident Indian (NRI) An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident.
As per Income Tax act to qualify to become NRI the person should stay out for >180days in a financial year or 365 days spread out over four consecutive years AND at least 60 days in that year.
A Person of Indian Origin (PIO) means a foreign citizen (except a national of Pakistan, Afghanistan, Bangladesh, China, Iran, Bhutan, Sri Lanka and/or Nepal), who:
- at any time held an Indian passport OR
- or either of their parents/ grandparents/ great-grandparents were born and permanently resident in India as defined in Government of India Act, 1935 and other territories that became part of India thereafter provided neither was at any time a citizen of any of the aforesaid countries (as referred above). OR
- is a spouse of a citizen of India or a PIO
NRI's and PIO's can invest in equity shares, debt funds, mutual funds and IPO's in India. NRIs can also trade in Equity F&O at the exchanges like BSE, NSE and MCX. NRI's are permitted by RBI to invest and trade in the India Stock Market through the PIS route and CP route.
To trade in stock market in India, NRI investor has to open 3 different accounts and link them together.
The NRI Equity Trading account includes:
- A Bank Account, also known as NRI Account is to keep the money for trading. This account is opened with a bank. NRI needs approval by the RBI for open this account though the PIS route. Banks whom which you are opening the account usually takes care of it. Once you get the necessary approvals through the bank, you will be given the PIS (Portfolio Investment Scheme) Letter. This PIS letter is required to open the trading and demat account.
- A Demat Account to hold shares. This account is opened with Depository Participant (DP).
- A Trading Account,an account with the share broker which enables the NRI investor to execute the trade in the stock exchanges.
- A Custody Account,if NRI is planning to trade in Equity Derivatives (F&O) segment. This account is to manage the settlements of all security transactions undertaken by the clients. This has to open with Custodial Participant i.e. IL&FS.
Here we come with "Best brokers for NRI Trading in India:
Zerodha started offering NRI Services @ Rs 200 per executable order for Equity and F&O.Zerodha NRI account. As of now they are only servicing clients having PIS account with Axis or HDFC bank. Accounts in other banks will be served shortly. Intraday equity trading, currency trading and Commodity trading is not allowed for NRI's.>
ProStocks NRI Investment Services include trading in equities, futures, and options on NSE and BSE at the cheapest brokerage of Rs 100 per executed order.
ProStocks NRI Account features include.
- Trading and Demat Account Opening charges: Free
- AMC for Trading Account : Nil (Zero)
- Demat account AMC : Free with Rs 1000 refundable one time deposit.
- Brokerage Charges: Rs 100 per trade (all segments).
- Online EKYC, fill your form online.
Sharekhan offers NRI Investment Services to trade online on NSE, BSE,trade in mutual Funds on any of the trading platforms Sharekhan offered.:
| FOR HDFC BANK(IN RS.) | FOR AXIS/INDUSIND/IDBI BANK(IN RS.) | |
|---|---|---|
| Account Service Charge (Normal KYC) | 2000 | 1000 |
| Account Service Charge (For downloaded & Printed KYCs) | 3000 | 2000 |
BROKERAGE:
- Equity Transactions: 0.50%
- Futures: 0.1% on first leg and 0.02% on second leg if squared off on the same day or 0.1% if square off on any other day.
- Options: Rs.250 per contract note.
ICICI offers a 3-in-1 account for NRI's to invest in India. This includes the seamlessly integrated Bank Account, Demat Account and Share Broking Account. This online account allows you to invest in Stocks, Mutual Funds, IPOs, Bonds, EFTs and trade in equity derivatives (futures and options) in India Stock Market.
strong>ICICI NRI Account Charges:
- ICICI NRI 3-in-1 Account Opening Charges: Rs 4000
- ICICI NRI 3-in-1 Account Annual Maintenance Charges: Rs 1000 per year
ICICI NRI Brokerage Charges:
| Segment | Brokerage Charges |
|---|---|
| Equity Delivery | 1.25% to 0.50% |
| Equity Future | 0.05% to 0.03% |
| Equity Options | Rs 95 to Rs 75 |
Kotak securities offers NRI 3-in-1 Account (known as Trinity Account), a combination of Bank, Demat and Trading Account to provide you a seamless platform to trade and invest in India Stock Market.
Kotak Securities NRI Account Charges:
- Kotak Securities NRI 3-in-1 Account opening charges: Rs 3750
- Kotak Securities NRI 3-in-1 Account annual maintenance Charges: Rs 1000 per year
- Kotak Securities NRI Demat Accounts maintenance Charges : Rs. 75 per month
Kotak Securities NRI Brokerage Charges:
- 1% of the turnover or 10 Paise per share, whichever is higher
- Zerodha
- ProStocks
- Sharekhan
- Kotak Securities
(Comparison of all 4 to be shown)
|
Zerodha |
ProStocks |
Sharekhan |
Kotak Securities |
| Zerodha | ProStocks | Sharekhan | Kotak Securities |
|---|
| About The Brokers |
Zerodha : |
ProStocks : |
Sharekhan : |
Kotak Securities : |
| Find More Information about the Broker : |
Zerodha :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
ProStocks :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
Sharekhan :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
Kotak Securities :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
| Type of Broker |
Zerodha : |
ProStocks : |
Sharekhan : |
Kotak Securities : |
| Promo/offers |
Zerodha :Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
|
ProStocks :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.
|
Sharekhan :
N/A
|
Kotak Securities :Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now
|
| Advantage |
Zerodha :
|
ProStocks :
|
Sharekhan :
|
Kotak Securities :
|
| Disadvantage |
Zerodha :
|
ProStocks :
|
Sharekhan :
|
Kotak Securities :
|
| Why This |
Zerodha :
|
ProStocks :
|
Sharekhan :
|
Kotak Securities :
|
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Account Opening & AMC Charges
Zerodha Trading Account Opening Fee is Rs 200 and ProStocks Trading Account Opening Fee is Rs 0 (Free) and Sharekhan Trading Account Opening Fee is Rs 0 (Free) and Kotak Securities Trading Account Opening Fee is Rs 99 . Zerodha Demat Account AMC is Rs 300 and ProStocks Demat Account AMC is Rs 0 (Lifetime Zero AMC) and Sharekhan Demat Account AMC is Rs 400 (Free for 1st year) and Kotak Securities Demat Account AMC is Rs 600 .
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Trading Account Opening Fee |
Trading Account Opening Fee
:
Rs 200 |
Trading Account Opening Fee
:
Rs 0 (Free) |
Trading Account Opening Fee
:
Rs 0 (Free) |
Trading Account Opening Fee
:
Rs 99 |
| Demat Account Opening Fee |
Demat Account Opening Fee
:
Rs 0 |
Demat Account Opening Fee
:
Rs 0 (Free) |
Demat Account Opening Fee
:
Rs 0 (Free) |
Demat Account Opening Fee
:
Rs 0 (Free) |
| Demat Account AMC |
Demat Account AMC
:
Rs 300 |
Demat Account AMC
:
Rs 0 (Lifetime Zero AMC) |
Demat Account AMC
:
Rs 400 (Free for 1st year) |
Demat Account AMC
:
Rs 600 |
| Trading Account AMC |
Trading Account AMC
:
Rs 0 (Free) |
Trading Account AMC
:
Rs 0 |
Trading Account AMC
:
Rs 0 (Free) |
Trading Account AMC
:
Rs 0 |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Brokerage Charges
Zerodha Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order . ProStocks Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per executed order and Equity Options is Rs 15 per executed order . Sharekhan Brokerage Charges Equity Delivery is 0.30% on market rate or minimum 1 paisa per share and Equity Intraday is 0.02% on market rate or minimum 1 paisa per share and Equity Options is Rs 20 per lot . Kotak Securities Brokerage Charges Equity Delivery is 0.39% and Equity Intraday is 0.039% and Equity Options is Rs 39 per lot .
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Plan Name |
Plan Name :
Standard Plan |
Plan Name :
Flat Fee Plan |
Plan Name :
Classic Account |
Plan Name :
Trade Free Plan |
| Equity Delivery |
Equity Delivery
:
Rs 0 (Free) |
Equity Delivery
:
Rs 0 (Free) |
Equity Delivery
:
0.30% on market rate or minimum 1 paisa per share |
Equity Delivery
:
0.39% |
| Equity Intraday |
Equity Intraday
:
Rs 20 per executed order or .03% whichever is lower |
Equity Intraday
:
Rs 15 per executed order |
Equity Intraday
:
0.02% on market rate or minimum 1 paisa per share |
Equity Intraday
:
0.039% |
| Equity Future |
Equity Future
:
Rs 20 per executed order or .03% whichever is lower |
Equity Future
:
Rs 15 per executed order |
Equity Future
:
0.02% per transaction value |
Equity Future
:
0.039% |
| Equity Options |
Equity Options
:
Rs 20 per executed order |
Equity Options
:
Rs 15 per executed order |
Equity Options
:
Rs 20 per lot |
Equity Options
:
Rs 39 per lot |
| Currency Futures |
Currency Futures
:
Rs 20 per executed order or .03% whichever is lower |
Currency Futures
:
Rs 15 per executed order |
Currency Futures
:
0.02% per transaction value |
Currency Futures
:
Rs 9 per lot |
| Currency Options |
Currency Options
:
Rs 20 per executed order or .03% whichever is lower |
Currency Options
:
Rs 15 per executed order |
Currency Options
:
Rs 5 per lot |
Currency Options
:
Rs 5 per lot |
| Monthly Fee | Monthly Fee : - |
Monthly Fee
:
NA |
Monthly Fee : - |
Monthly Fee
:
Rs 499 (One Time) |
| Margin Trading |
Margin Trading
:
Rs 20 |
Margin Trading : - | Margin Trading : - | Margin Trading : - |
| Commodity Futures |
Commodity Futures
:
Rs 20 per executed order or .03% whichever is lower |
Commodity Futures
:
NA |
Commodity Futures
:
0.02% |
Commodity Futures
:
0.039% |
| Commodity Options |
Commodity Options
:
Rs 20 per executed order or .03% whichever is lower |
Commodity Options
:
NA |
Commodity Options
:
Rs 20 per lot |
Commodity Options
:
Rs 39 per lot |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Exchange Transaction Charges
Zerodha Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) . ProStocks Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Sharekhan Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) (on premium) . Kotak Securities Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) .
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Equity Delivery |
Equity Delivery
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Delivery
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Delivery
:
NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Delivery
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday |
Equity Intraday
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Intraday
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Intraday
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Intraday
:
NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Future * |
Equity Future
:
NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Equity Future
:
NSE Rs 200 per Cr (0.002%) | BSE Rs 0 |
Equity Future
:
NSE Rs 200 per Cr (0.002%) | BSE Rs 0 |
Equity Future
:
NSE Rs 200 per Cr (0.002%) | BSE Rs 0 |
| Equity Options * |
Equity Options
:
NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) |
Equity Options
:
NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium) |
Equity Options
:
NSE Rs 5050 per Cr (0.0505%) (on premium) |
Equity Options
:
NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) |
| Currency Futures * |
Currency Futures
:
NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) |
Currency Futures
:
NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) |
Currency Futures
:
NSE Rs 95 per Cr (0.00095%) |
Currency Futures
:
NSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%) |
| Currency Options |
Currency Options
:
NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Currency Options
:
NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Currency Options
:
NSE Rs 3700 per Cr (0.037%) (on premium) |
Currency Options
:
NSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity |
Commodity
:
Group A - Rs 260 per Cr (0.0026%) |
Commodity : - |
Commodity
:
Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05% |
Commodity
:
MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Other Charges
Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is Rs 50 per executed order . ProStocks Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 (Free) . Sharekhan Minimum Brokerage is Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share and Call & Trade is Rs 20 . Kotak Securities Minimum Brokerage is Rs 21 per executed order and Call & Trade is Rs 50 per call .
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Minimum Brokerage |
Minimum Brokerage
:
0.03% in Intraday and F&O |
Minimum Brokerage
:
Rs 0 |
Minimum Brokerage
:
Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share |
Minimum Brokerage
:
Rs 21 per executed order |
| Call & Trade |
Call & Trade
:
Rs 50 per executed order |
Call & Trade
:
Rs 0 (Free) |
Call & Trade
:
Rs 20 |
Call & Trade
:
Rs 50 per call |
| Stamp Duty * |
Stamp Duty
:
Delivery: 0.015%, Intraday: 0.003%, |
Stamp Duty : - | Stamp Duty : - | Stamp Duty : - |
| DP Charges (on sell side) |
DP Charges (on sell side)
:
₹13.5 per scrip |
DP Charges (on sell side)
:
₹20 per scrip for equity delivery trade+18% GST |
DP Charges (on sell side)
:
Rs 0 |
DP Charges (on sell side)
:
0.04% of transaction value (minimum Rs 20) |
| Other Miscellaneous Charges |
Other Miscellaneous Charges
:
Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS |
Other Miscellaneous Charges : - | Other Miscellaneous Charges : - | Other Miscellaneous Charges : - |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Features
Zerodha and ProStocks and Sharekhan and Kotak Securities all offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Trading Platform |
Trading Platform
:
Kite Web, Kite Mobile for Android/iOS and Coin |
Trading Platform
:
ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API |
Trading Platform
:
TradeTiger, Sharekhan Mobile |
Trading Platform
:
Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite |
| Placing orders through charts |
Placing orders through charts
:
Yes |
Placing orders through charts
:
Yes |
Placing orders through charts
:
Yes |
Placing orders through charts
:
No |
| Trading Alerts |
Trading Alerts
:
Yes |
Trading Alerts
:
Yes |
Trading Alerts
:
Yes |
Trading Alerts
:
Yes |
| Research and Advice / Trading Tips |
Research and Advice / Trading Tips
:
No |
Research and Advice / Trading Tips
:
NA |
Research and Advice / Trading Tips
:
Yes |
Research and Advice / Trading Tips
:
Yes |
| Detailed Education Initiatives |
Detailed Education Initiatives
:
Yes |
Detailed Education Initiatives
:
No |
Detailed Education Initiatives
:
Yes |
Detailed Education Initiatives
:
Yes |
| Unique features & Offers | Unique features & Offers : - | Unique features & Offers : - | Unique features & Offers : - |
Unique features & Offers
:
|
| Referral Program |
Referral Program
:
1 |
Referral Program
:
1 |
Referral Program : - | Referral Program : - |
| Margin Against Shares (Equity Cash) * |
Margin Against Shares (Equity Cash)
:
Yes |
Margin Against Shares (Equity Cash)
:
No |
Margin Against Shares (Equity Cash)
:
Yes |
Margin Against Shares (Equity Cash)
:
Yes |
| Margin Against Shares (Equity F&O) * |
Margin Against Shares (Equity F&O)
:
Yes |
Margin Against Shares (Equity F&O)
:
No |
Margin Against Shares (Equity F&O)
:
Yes |
Margin Against Shares (Equity F&O)
:
No |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Demat Account Charges
A comparative table of various demat account charges between Zerodha and ProStocks and Sharekhan and Kotak Securities is below:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Depository Service Provider |
Depository Service Provider
:
CDSL |
Depository Service Provider
:
CDSL |
Depository Service Provider
:
CDSL |
Depository Service Provider
:
CDSL |
| Account Opening Fee |
Account Opening Fee
:
Rs 50 (Stamp charges payable upfront) |
Account Opening Fee
:
Nil |
Account Opening Fee
:
Actual Stamp Paper Charges |
Account Opening Fee
:
Nil |
| Advance Deposit |
Advance Deposit
:
Rs 0 |
Advance Deposit
:
Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit |
Advance Deposit
:
Rs. 500 Advance which will be adjusted against billing (Optional) Tariff D - Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) |
Advance Deposit
:
Nil |
| AMC |
AMC
:
Individuals/Non Individual (except Corporate) - Rs 300 + GST |
AMC
:
Nil |
AMC
:
Scheme A: Rs 400, Scheme A, C, E & H: Free for the 1st Year. |
AMC
:
Rs 600 per year |
| Dematerialisation Charges |
Dematerialisation Charges
:
Rs 150 per certificate (+ Rs 100 Courier charges) |
Dematerialisation Charges
:
Rs 50 per set up + Rs 50 courier charges |
Dematerialisation Charges
:
Rs 5 per share certificate (minimum ₹ 50 per request) |
Dematerialisation Charges
:
Rs. 150 per certificate + Rs. 50 per request courier charges |
| Rematerialisation Charges |
Rematerialisation Charges
:
Rs 150 per certificate + CDSL charges + Rs 100 Courier charges |
Rematerialisation Charges
:
Rs 50 per set up + Rs 50 courier charges |
Rematerialisation Charges
:
Rs 50 per certificate or Rs 50 for every hundred securities |
Rematerialisation Charges
:
Rs.10 for 100 securities (Minimum payable Rs.15) |
| Transaction Charges (Credit) | Transaction Charges (Credit) : - | Transaction Charges (Credit) : - | Transaction Charges (Credit) : - | Transaction Charges (Credit) : - |
| Transaction Charges (debit) |
Transaction Charges (debit)
:
Rs 8 + Rs 5.5 (CDSL charges) |
Transaction Charges (debit)
:
Rs 8 + Rs 5.50 (CDSL charges) per ISIN |
Transaction Charges (debit)
:
|
Transaction Charges (debit)
:
0.04% + NSDL charges (minimum Rs 20) |
| Pledge Creation Charges |
Pledge Creation Charges
:
Rs 30 per request + GST |
Pledge Creation Charges
:
Rs 50 per set up |
Pledge Creation Charges
:
0.03 % of the value of the Transaction (Min Rs 100 per transaction) |
Pledge Creation Charges
:
Rs 20 per ISIN |
| Pledge Creation Confirmation Charges |
Pledge Creation Confirmation Charges
:
Rs 0 |
Pledge Creation Confirmation Charges
:
Nil |
Pledge Creation Confirmation Charges
:
Nil |
Pledge Creation Confirmation Charges
:
Rs 20 per ISIN |
| Pledge Invocation Charges |
Pledge Invocation Charges
:
Rs 20 |
Pledge Invocation Charges
:
Rs 50 per set up |
Pledge Invocation Charges
:
Nil |
Pledge Invocation Charges
:
Rs 20 per ISIN |
| Failed Instruction Charges |
Failed Instruction Charges
:
Rs 50 per ISIN |
Failed Instruction Charges
:
Failed transactions Rs 50 per ISIN |
Failed Instruction Charges
:
Nil |
Failed Instruction Charges
:
NA |
| Other Charges |
Other Charges
:
Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date. |
Other Charges : - |
Other Charges
:
|
Other Charges
:
NA |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Basic Details
Zerodha Year of Incorporation is 2010 and Total Number of Clients is 7223525 and Total Number of Branches is 22 . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 6202 and Total Number of Branches is 1 . Sharekhan Year of Incorporation is 2000 and Total Number of Clients is 665129 and Total Number of Branches is 2800 . Kotak Securities Year of Incorporation is 1994 and Total Number of Clients is 1179674 and Total Number of Branches is 153 .
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Year of Incorporation |
Year of Incorporation
:
2010 |
Year of Incorporation
:
2016 |
Year of Incorporation
:
2000 |
Year of Incorporation
:
1994 |
| Active Exchange Memberships |
Active Exchange Memberships
:
NSE, BSE, MCX and NCDEX |
Active Exchange Memberships
:
BSE, NSE |
Active Exchange Memberships
:
NSE, BSE, MCX, NCDEX |
Active Exchange Memberships
:
NSE, BSE,MCX |
| Demat Services |
Demat Services
:
No |
Demat Services
:
No |
Demat Services
:
Yes |
Demat Services
:
Yes |
| Website | Website : https://zerodha.com | Website : www.prostocks.com | Website : http://www.sharekhan.com | Website : http://www.kotaksecurities.com |
| Contact Details |
Contact Details
:
080-40402020 |
Contact Details
:
+91 22 62 43 43 43 |
Contact Details
:
022-61150000 |
Contact Details
:
1800222299 |
| Total Number of Clients |
Total Number of Clients
:
7,223,525 |
Total Number of Clients
:
6,202 |
Total Number of Clients
:
665,129 |
Total Number of Clients
:
1,179,674 |
| Total Number of Branches |
Total Number of Branches
:
22 |
Total Number of Branches
:
1 |
Total Number of Branches
:
2800 |
Total Number of Branches
:
153 |
| Products * |
Products
:
Kite Web, Kite Mobile for Android/iOS and Coin |
Products
:
ProStocks Mobile,Web & Desktop. BSE Best |
Products
:
Investment banking, institutional broking |
Products
:
Investment banking, Institutional broking, retail broking, private wealth management, and financial product distribution |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Orders
Orders
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Cover Orders (CO) |
Cover Orders (CO)
:
Yes |
Cover Orders (CO)
:
Yes |
Cover Orders (CO)
:
Yes |
Cover Orders (CO)
:
Yes |
| Bracket orders / One Cancels Other (BO / OCO) |
Bracket orders / One Cancels Other (BO / OCO)
:
No |
Bracket orders / One Cancels Other (BO / OCO)
:
Yes |
Bracket orders / One Cancels Other (BO / OCO)
:
Yes |
Bracket orders / One Cancels Other (BO / OCO)
:
Yes |
| After Market Orders (AMO) |
After Market Orders (AMO)
:
Yes |
After Market Orders (AMO)
:
Yes |
After Market Orders (AMO)
:
Yes |
After Market Orders (AMO)
:
Yes |
| Buy Today Sell Tomorrow (BTST) * |
Buy Today Sell Tomorrow (BTST)
:
No |
Buy Today Sell Tomorrow (BTST)
:
Yes |
Buy Today Sell Tomorrow (BTST)
:
Yes |
Buy Today Sell Tomorrow (BTST)
:
Yes |
| Sell Today Buy Tomorrow (STBT) * |
Sell Today Buy Tomorrow (STBT)
:
No |
Sell Today Buy Tomorrow (STBT)
:
No |
Sell Today Buy Tomorrow (STBT)
:
No |
Sell Today Buy Tomorrow (STBT)
:
No |
| Good Till Cancelled (GTC) * |
Good Till Cancelled (GTC)
:
Yes |
Good Till Cancelled (GTC)
:
Yes |
Good Till Cancelled (GTC)
:
Yes |
Good Till Cancelled (GTC)
:
Yes |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Research and Advice / Trading Tips
Research and Advice / Trading Tips
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Equity Trading Recommendation * |
Equity Trading Recommendation
:
No |
Equity Trading Recommendation
:
No |
Equity Trading Recommendation
:
Yes |
Equity Trading Recommendation
:
Yes |
| Equity Investment Recommendation * |
Equity Investment Recommendation
:
No |
Equity Investment Recommendation
:
No |
Equity Investment Recommendation
:
Yes |
Equity Investment Recommendation
:
Yes |
| Recommendation basis risk Profile * |
Recommendation basis risk Profile
:
No |
Recommendation basis risk Profile
:
No |
Recommendation basis risk Profile
:
Yes |
Recommendation basis risk Profile
:
Yes |
| Comparison * |
Comparison
:
No |
Comparison
:
No |
Comparison
:
Yes |
Comparison
:
Yes |
| Free Tips * |
Free Tips
:
No |
Free Tips
:
No |
Free Tips
:
Yes |
Free Tips
:
Yes |
| Daily Market report * |
Daily Market report
:
No |
Daily Market report
:
No |
Daily Market report
:
Yes |
Daily Market report
:
Yes |
| ETF research * |
ETF research
:
No |
ETF research
:
No |
ETF research
:
Yes |
ETF research
:
Yes |
| Quarterly Results * |
Quarterly Results
:
No |
Quarterly Results
:
No |
Quarterly Results
:
Yes |
Quarterly Results
:
Yes |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Franchisee / Authorized Person related information
Franchisee / Authorized Person related information
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Availability for franchisee / AP |
Availability for franchisee / AP
:
Yes |
Availability for franchisee / AP
:
NA |
Availability for franchisee / AP
:
Yes |
Availability for franchisee / AP
:
Yes |
| Investment required for Franchisee / AP |
Investment required for Franchisee / AP
:
Rs.11,000 |
Investment required for Franchisee / AP
:
NA |
Investment required for Franchisee / AP
:
Rs.50,000 |
Investment required for Franchisee / AP
:
Minimum deposit of Rs 3 lakh (negotiable) |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Product & Services
Zerodha and ProStocks and Sharekhan and Kotak Securities all offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Delivery Based Trading * |
Delivery Based Trading
:
Yes |
Delivery Based Trading
:
Yes |
Delivery Based Trading
:
Yes |
Delivery Based Trading
:
Yes |
| Margin Trading * |
Margin Trading
:
No |
Margin Trading
:
No |
Margin Trading
:
Yes |
Margin Trading
:
Yes |
| Call N Trade * |
Call N Trade
:
Yes |
Call N Trade
:
Yes |
Call N Trade
:
Yes |
Call N Trade
:
Yes |
| Trading in Both the exchanges * |
Trading in Both the exchanges
:
Yes |
Trading in Both the exchanges
:
Yes |
Trading in Both the exchanges
:
Yes |
Trading in Both the exchanges
:
Yes |
| Limit Order * |
Limit Order
:
Yes |
Limit Order
:
No |
Limit Order
:
Yes |
Limit Order
:
Yes |
| 3-in-1 On-line Trading Account * |
3-in-1 On-line Trading Account
:
No |
3-in-1 On-line Trading Account
:
No |
3-in-1 On-line Trading Account
:
No |
3-in-1 On-line Trading Account
:
Yes |
| NRI Services * |
NRI Services
:
Yes |
NRI Services
:
Yes |
NRI Services
:
Yes |
NRI Services
:
Yes |
| SMS Alerts * |
SMS Alerts
:
No |
SMS Alerts
:
No |
SMS Alerts
:
Yes |
SMS Alerts
:
Yes |
| Offers Multiple Plan * |
Offers Multiple Plan
:
No |
Offers Multiple Plan
:
Yes |
Offers Multiple Plan
:
Yes |
Offers Multiple Plan
:
No |
| IPO Investment * |
IPO Investment
:
No |
IPO Investment
:
Yes |
IPO Investment
:
Yes |
IPO Investment
:
Yes |
| Portfolio Analysis * |
Portfolio Analysis
:
Yes |
Portfolio Analysis
:
No |
Portfolio Analysis
:
Yes |
Portfolio Analysis
:
Yes |
| Advanced Charting Features * |
Advanced Charting Features
:
Yes |
Advanced Charting Features
:
Yes |
Advanced Charting Features
:
Yes |
Advanced Charting Features
:
Yes |
| Brokerage Calculator * |
Brokerage Calculator
:
Yes |
Brokerage Calculator
:
Yes |
Brokerage Calculator
:
No |
Brokerage Calculator
:
No |
| Margin Calculator * |
Margin Calculator
:
Yes |
Margin Calculator
:
Yes |
Margin Calculator
:
No |
Margin Calculator
:
No |
| Stop Loss Order * |
Stop Loss Order
:
Yes |
Stop Loss Order
:
Yes |
Stop Loss Order
:
Yes |
Stop Loss Order
:
Yes |
| Bracket Orders & Trailing Stop Loss * |
Bracket Orders & Trailing Stop Loss
:
Yes |
Bracket Orders & Trailing Stop Loss
:
No |
Bracket Orders & Trailing Stop Loss
:
Yes |
Bracket Orders & Trailing Stop Loss
:
Yes |
| Equity Future & Option Trading * |
Equity Future & Option Trading
:
Yes |
Equity Future & Option Trading
:
Yes |
Equity Future & Option Trading
:
Yes |
Equity Future & Option Trading
:
Yes |
| Currency Future & Option Trading * |
Currency Future & Option Trading
:
Yes |
Currency Future & Option Trading
:
Yes |
Currency Future & Option Trading
:
Yes |
Currency Future & Option Trading
:
Yes |
| Market Trading * |
Market Trading
:
Yes |
Market Trading
:
No |
Market Trading
:
Yes |
Market Trading
:
Yes |
| Monthly & Yearly Plan * |
Monthly & Yearly Plan
:
No |
Monthly & Yearly Plan
:
Yes |
Monthly & Yearly Plan
:
No |
Monthly & Yearly Plan
:
No |
| Aumtomated Trading * |
Aumtomated Trading
:
No |
Aumtomated Trading
:
No |
Aumtomated Trading
:
No |
Aumtomated Trading
:
No |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Customer Services
Zerodha and ProStocks and Sharekhan and Kotak Securities all offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Toll Free Number * |
Toll Free Number
:
No |
Toll Free Number
:
No |
Toll Free Number
:
Yes |
Toll Free Number
:
Yes |
| Live Chat Facility * |
Live Chat Facility
:
No |
Live Chat Facility
:
No |
Live Chat Facility
:
Yes |
Live Chat Facility
:
Yes |
| Email Facility * |
Email Facility
:
Yes |
Email Facility
:
Yes |
Email Facility
:
Yes |
Email Facility
:
Yes |
| Branch Offices * |
Branch Offices
:
Yes |
Branch Offices
:
No |
Branch Offices
:
Yes |
Branch Offices
:
Yes |
| Customer Care * |
Customer Care
:
Yes |
Customer Care
:
Yes |
Customer Care
:
Yes |
Customer Care
:
Yes |
| Community Service * |
Community Service
:
Yes |
Community Service
:
No |
Community Service
:
Yes |
Community Service
:
Yes |
| Relationship Manager * |
Relationship Manager
:
No |
Relationship Manager
:
No |
Relationship Manager
:
Yes |
Relationship Manager : - |
| 24/7 Support * |
24/7 Support
:
No |
24/7 Support : - |
24/7 Support
:
No |
24/7 Support
:
No |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Other Investement
Zerodha and ProStocks and Sharekhan and Kotak Securities all offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Commodity Trading * |
Commodity Trading
:
Yes |
Commodity Trading
:
No |
Commodity Trading
:
Yes |
Commodity Trading
:
Yes |
| Investment in ETFs * |
Investment in ETFs
:
Yes |
Investment in ETFs
:
Yes |
Investment in ETFs
:
Yes |
Investment in ETFs
:
Yes |
| Investment in Mutual Funds * |
Investment in Mutual Funds
:
Yes |
Investment in Mutual Funds
:
No |
Investment in Mutual Funds
:
Yes |
Investment in Mutual Funds
:
Yes |
| Investment in Bonds * |
Investment in Bonds
:
No |
Investment in Bonds
:
No |
Investment in Bonds
:
Yes |
Investment in Bonds
:
Yes |
| Investment in Corporate Debt instruments * |
Investment in Corporate Debt instruments
:
No |
Investment in Corporate Debt instruments
:
No |
Investment in Corporate Debt instruments
:
No |
Investment in Corporate Debt instruments
:
Yes |
| Insurance Services * |
Insurance Services
:
No |
Insurance Services
:
No |
Insurance Services
:
No |
Insurance Services
:
Yes |
| Banking Services * |
Banking Services
:
No |
Banking Services
:
No |
Banking Services
:
No |
Banking Services
:
Yes |
| Open Account | Open Account | Open Account | Open Account |
Zerodha vs ProStocks vs Sharekhan vs Kotak Securities Trading Platform
Zerodha and ProStocks and Sharekhan and Kotak Securities all offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:
| Zerodha | ProStocks | Sharekhan | Kotak Securities | |
|---|---|---|---|---|
| Web Platform * |
Web Platform
:
Yes |
Web Platform
:
Yes |
Web Platform
:
Yes |
Web Platform
:
Yes |
| Android Mobile App * |
Android Mobile App
:
Yes |
Android Mobile App
:
Yes |
Android Mobile App
:
Yes |
Android Mobile App
:
Yes |
| Desktop Windows * |
Desktop Windows
:
Yes |
Desktop Windows
:
Yes |
Desktop Windows
:
Yes |
Desktop Windows
:
Yes |
| Desktop Mac * |
Desktop Mac
:
No |
Desktop Mac
:
No |
Desktop Mac
:
No |
Desktop Mac
:
No |
| I-Pad App * |
I-Pad App
:
Yes |
I-Pad App
:
Yes |
I-Pad App
:
Yes |
I-Pad App
:
Yes |
| Virtual Trading * |
Virtual Trading
:
No |
Virtual Trading
:
No |
Virtual Trading
:
Yes |
Virtual Trading
:
No |
| iPhone Mobile App * |
iPhone Mobile App
:
Yes |
iPhone Mobile App
:
Yes |
iPhone Mobile App
:
Yes |
iPhone Mobile App
:
Yes |
| Contact Now | ||||
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