FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Groww Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Groww Max Rs 20 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 Groww is 70,92,413 where number of active customer for ProStocks is 6,202. Groww is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Groww 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 Groww 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 Groww 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 Groww 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 Groww vs ProStocks on Service

  Groww Compare
Groww
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? NSE, BSE NSE, BSE
Active Clients 70,92,413 6,202
Broker Overview Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww 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
Expand

Account Opening Charges and AMC

Compare Groww vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Groww with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww 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 Groww with ProStocks
Charges Groww 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
Expand

About Brokerage Plans

Compare Groww vs ProStocks on Plan Options

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

Compare Groww with ProStocks on Plan Options
Plan Types Groww ProStocks
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
Expand

Account Opening Request

Account Opening

  Zerodha ProStocks
Account Opening Request
Expand

Brokerage Charges

Compare Groww vs ProStocks on Brokerage Charges

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

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 Groww with ProStocks
Brokerage Charges Compare Groww ProStocks
Plan Name Flat Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 0.05% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures Flat Fee Rs 20 Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures Not Available Flat Fee Rs 15
Currency Options Not Available Flat Fee Rs 15
Commodity Trading Not Available NA
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Executable Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for ProStocks
Expand

Share Broker's Transaction Charges

Compare Groww vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Groww with ProStocks
Transaction Charges Compare Groww 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 NA NA
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for prostocks
Expand

Account Features

Compare Groww vs ProStocks on Account Features

Compare Groww 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 - ProStocks offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - ProStocks offers NRI where Groww doesn't offers NRI Trading.

Account Features - Groww with ProStocks
Account Features Compare Groww ProStocks
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare Groww vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww 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 Groww with ProStocks
Trading Platform Compare Groww ProStocks
Desktop Trading Platform Groww App Star ProStocks
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://www.prostocksweb.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Groww App Star ProStocks
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Groww App Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Groww App Download iOS Star ProStocks Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for prostocks

Expand

Broker Ratings by Users

Compare Groww vs ProStocks on User Rating

  Groww ProStocks
  7 Customer Reviews    Rate Groww 4 Customer Reviews    Rate ProStocks
Fees Ratings 4.4 4.5
Trading Brokerage Rating 3.7 4.5
Trading Platform Usability 4.1 4.5
Customer Service Ratings 3.3 4.0
Overall Ratings 4.1 4.5
Broker Rating Groww is Rated 4.1 / 5 based on 7 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
Expand

Investment Offerings

Compare Groww vs ProStocks on Investment Offerings

Compare Groww 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 - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Groww 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 Groww with ProStocks
Investment Offerings Compare Groww ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD No 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
Expand

Order Types

Compare Groww vs ProStocks on Order Types

Order Type - Compare Groww 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) - ProStocks provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - ProStocks provides Bracket Orders (BO) where Groww doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- ProStocks offers After market orders where Groww doesn't offers AMO. GTC Orders- ProStocks offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with ProStocks
Order Type Compare Groww ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No Yes
Expand

Customer Service Offered

Compare Groww vs ProStocks on Customer Service

Compare Groww 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 Groww with ProStocks
Customer Service Compare Groww ProStocks
24/7 Customer Service Groww vs ProStocks - 24x7 customer support No No
Email Support Groww vs ProStocks - Email Support Yes Yes
Onine Live Chat Groww vs ProStocks - Onine Live Chat Yes No
Phone Support Groww vs ProStocks - Phone Support Yes Yes
Toll Free Number Groww vs ProStocks - Toll Free Number No No
Through Branches Groww vs ProStocks - Through Branches No No
Customer Care Number Groww vs ProStocks - Customer Care Number 9108800604 +91-2262-434343
Account Opening Process Groww vs ProStocks - Account Opening Process Online Online/Paperless
Customer Support Email Groww vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Groww vs ProStocks - Knowledge Center/Education https://groww.in/academy https://www.prostocks.com/faq.html
Head Office Address Groww vs ProStocks - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Groww vs ProStocks - Company Website https://groww.in/ https://www.prostocks.com
Expand

Tips/Research/Reports Published

Compare Groww vs ProStocks on Research Reports, Tips

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

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

Demat Account

Compare Groww vs ProStocks on Demat Account

Compare Groww 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.

Demat AMC for ProStocks is Free (₹1000 Refundable Deposit) where for Groww is Zero. ProStocks is a better choice in terms of Demat AMC compare to Groww.

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 Groww is ₹8 + ₹5.50 CDSL charges 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 Groww with ProStocks
  Groww ProStocks
DP Source CDSL CDSL
DP ID Groww vs ProStocks - DP ID No 83200
Demat Account Annual Maintenance Charges(AMC) Zero Free (₹1000 Refundable Deposit)
Advance Deposit Nil 1000/- Refundable Deposit against charges
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges ₹20 per ISIN
Demat ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Remat ₹150 per certificate + courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Failed Instruction Charges ₹50 ₹50 per transaction
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Groww vs ProStocks on Special Offers and Promotion

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

Compare Groww vs ProStocks on Special Offers and Promotion
  Groww ProStocks
Pay In and Pay Out Options Groww vs ProStocks - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - 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 Groww vs ProStocks - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Groww vs ProStocks - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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
  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

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 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 2024-01-05T04:04:35+00:00