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Finvasia Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Finvasia offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Finvasia is 94,480 where number of active customer for ProStocks is 6,475. Finvasia is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Finvasia vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs ProStocks's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs ProStocks's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs ProStocks on Service

  Finvasia Compare
Finvasia
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 94,480 6,475
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks
Broker Enquiry Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare Finvasia vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Finvasia with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with ProStocks
Charges Finvasia ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs ProStocks on Plan Options

Plans are the most important feature you look when compare Finvasia with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - ProStocks provides Multiple Plans where Finvasia doesn't offer. Monthly Plans - ProStocks provides Monthly Plans where Finvasia doesn't offer

Compare Finvasia with ProStocks on Plan Options
Plan Types Finvasia ProStocks
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
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Account Opening Request

Account Opening

  Zerodha ProStocks
Account Opening Request
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Brokerage Charges

Compare Finvasia vs ProStocks on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare Finvasia with ProStocks
Brokerage Charges Compare Finvasia ProStocks
Plan Name Zero Brokerage Trading Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Rs 0 Free
Equity Intraday Rs 0 Flat Fee Rs 15
Equity Futures Rs 0 Flat Fee Rs 15
Equity Options Rs 0 Flat Fee Rs 15
Currency Futures Rs 0 Flat Fee Rs 15
Currency Options Rs 0 Flat Fee Rs 15
Commodity Trading Rs 0 NA
Minimum Brokerage NA NA
Hidden Charges No No
Funding Yes, 24% interest PA No
Call & Trade Charges Free Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Free Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Finvasia vs ProStocks on Transaction Charges

Compare Finvasia with ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with ProStocks
Transaction Charges Compare Finvasia ProStocks
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for prostocks
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Account Features

Compare Finvasia vs ProStocks on Account Features

Compare Finvasia with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Finvasia with ProStocks
Account Features Compare Finvasia ProStocks
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with ProStocks
Trading Platform Compare Finvasia ProStocks
Desktop Trading Platform OMNESYS NEST Star ProStocks
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://www.prostocksweb.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Star ProStocks
Mobile Trading App Demo SCALPERT Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Star ProStocks Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Finvasia vs ProStocks on User Rating

  Finvasia ProStocks
  17 Customer Reviews    Rate Finvasia 4 Customer Reviews    Rate ProStocks
Fees Ratings 4.3 4.5
Trading Brokerage Rating 4.6 4.5
Trading Platform Usability 4.0 4.5
Customer Service Ratings 3.5 4.0
Overall Ratings 4.2 4.5
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Finvasia vs ProStocks on Investment Offerings

Compare Finvasia with ProStocks on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Finvasia offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Finvasia offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with ProStocks
Investment Offerings Compare Finvasia ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs ProStocks on Order Types

Order Type - Compare Finvasia with ProStocks on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- ProStocks offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with ProStocks
Order Type Compare Finvasia ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Finvasia vs ProStocks on Customer Service

Compare Finvasia with ProStocks on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with ProStocks
Customer Service Compare Finvasia ProStocks
24/7 Customer Service Finvasia vs ProStocks - 24x7 customer support No No
Email Support Finvasia vs ProStocks - Email Support Yes Yes
Onine Live Chat Finvasia vs ProStocks - Onine Live Chat Yes No
Phone Support Finvasia vs ProStocks - Phone Support Yes Yes
Toll Free Number Finvasia vs ProStocks - Toll Free Number No No
Through Branches Finvasia vs ProStocks - Through Branches No No
Customer Care Number Finvasia vs ProStocks - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 +91-2262-434343
Account Opening Process Finvasia vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs ProStocks - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs ProStocks - Knowledge Center/Education https://finvasia.com/announcements https://www.prostocks.com/faq.html
Head Office Address Finvasia vs ProStocks - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Finvasia vs ProStocks - Company Website https://www.finvasia.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Finvasia vs ProStocks on Research Reports, Tips

Compare Finvasia with ProStocks on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with ProStocks
  Finvasia ProStocks
Research Mutual Funds Finvasia vs ProStocks - Research Mutual Funds No No
Research Equity Reports Finvasia vs ProStocks - Research Equity Reports No No
Research ETF Finvasia vs ProStocks - Research ETF No No
Daily Market Report Finvasia vs ProStocks - Daily Market Report No No
Free Tips Finvasia vs ProStocks - Free Tips No No
Quarterly Result Analysis Finvasia vs ProStocks - Quarterly Results No No
News Alerts Finvasia vs ProStocks - No No
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Demat Account

Compare Finvasia vs ProStocks on Demat Account

Compare Finvasia with ProStocks on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Both the brokers offer Free Demat AMC.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for ProStocks is ₹20 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with ProStocks
  Finvasia ProStocks
DP Source CDSL CDSL
DP ID Finvasia vs ProStocks - DP ID 84300 83200
Demat Account Annual Maintenance Charges(AMC) Free Free (₹1000 Refundable Deposit)
Advance Deposit Rs 0 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹20 per ISIN
Demat ₹15 per certificate ₹50 per set up + ₹50 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹25 per transaction ₹50
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction ₹50
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction ₹50
Failed Instruction Charges ₹49 ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs ProStocks on Special Offers and Promotion

Compare Finvasia with ProStocks on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs ProStocks on Special Offers and Promotion
  Finvasia ProStocks
Pay In and Pay Out Options Finvasia vs ProStocks - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Finvasia vs ProStocks - Payout Time Up to 24 hrs except for bank holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Finvasia vs ProStocks - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Open Zerodha Account Now>> Open ProStocks Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00