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HDFC Sky Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky 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 HDFC Sky is 10,16,329 where number of active customer for ProStocks is 6,202. HDFC Sky is serving more customer compare to ProStocks.

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

  HDFC Sky Compare
HDFC Sky
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, MCX NSE, BSE
Active Clients 10,16,329 6,202
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 HDFC Sky vs ProStocks on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with ProStocks
Charges HDFC Sky ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs ProStocks on Plan Options

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

Compare HDFC Sky with ProStocks on Plan Options
Plan Types HDFC Sky 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 HDFC Sky vs ProStocks on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

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 HDFC Sky with ProStocks
Brokerage Charges Compare HDFC Sky ProStocks
Plan Name Fixed pricing model Flat Fee Rs 15 Trading Plan
Equity Delivery 0.1% or Rs 20 whichever is lower Free
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL NA
Hidden Charges No No
Funding Yes - 12% interest PA No
Call & Trade Charges Rs 20 per call Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare HDFC Sky vs ProStocks on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with ProStocks
Transaction Charges Compare HDFC Sky 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 hdfc-sky Complete Brokerage Plans for prostocks
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Account Features

Compare HDFC Sky vs ProStocks on Account Features

Compare HDFC Sky with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where ProStocks offers only 2-in-1 account which includes trading and demat account. Algo Trading - ProStocks offers Algo Trading where HDFC Sky doesn't offers Algo Trading. Margin Funding - HDFC Sky offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare HDFC Sky vs ProStocks on Trading Platform

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

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Broker Ratings by Users

Compare HDFC Sky vs ProStocks on User Rating

  HDFC Sky ProStocks
  97 Customer Reviews    Rate HDFC Sky 4 Customer Reviews    Rate ProStocks
Fees Ratings 2.4 4.5
Trading Brokerage Rating 2.1 4.5
Trading Platform Usability 2.9 4.5
Customer Service Ratings 2.8 4.0
Overall Ratings 2.4 4.5
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare HDFC Sky vs ProStocks on Investment Offerings

Compare HDFC Sky 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 - HDFC Sky offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - HDFC Sky 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 HDFC Sky with ProStocks
Investment Offerings Compare HDFC Sky 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 Yes No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs ProStocks on Order Types

Order Type - Compare HDFC Sky 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)- ProStocks offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare HDFC Sky with ProStocks
Order Type Compare HDFC Sky 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 No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs ProStocks on Customer Service

Compare HDFC Sky 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 HDFC Sky with ProStocks
Customer Service Compare HDFC Sky ProStocks
24/7 Customer Service HDFC Sky vs ProStocks - 24x7 customer support No No
Email Support HDFC Sky vs ProStocks - Email Support Yes Yes
Onine Live Chat HDFC Sky vs ProStocks - Onine Live Chat No No
Phone Support HDFC Sky vs ProStocks - Phone Support Yes Yes
Toll Free Number HDFC Sky vs ProStocks - Toll Free Number No No
Through Branches HDFC Sky vs ProStocks - Through Branches Yes No
Customer Care Number HDFC Sky vs ProStocks - Customer Care Number 1800 121 2109 +91-2262-434343
Account Opening Process HDFC Sky vs ProStocks - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs ProStocks - Knowledge Center/Education https://hdfcsky.com/learn https://www.prostocks.com/faq.html
Head Office Address HDFC Sky vs ProStocks - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website HDFC Sky vs ProStocks - Company Website https://hdfcsky.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare HDFC Sky vs ProStocks on Research Reports, Tips

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

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

Compare HDFC Sky vs ProStocks on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 pa. ProStocks is a better choice in terms of Demat AMC compare to HDFC Sky.

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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky with ProStocks
  HDFC Sky ProStocks
DP Source CDSL CDSL
DP ID HDFC Sky vs ProStocks - DP ID CDSL: 1209 83200
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Free (₹1000 Refundable Deposit)
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹20 per ISIN
Demat ₹5 per certificate + ₹35 request charges ₹50 per set up + ₹50 courier charges
Remat ₹30 ₹50 per set up + ₹50 courier charges
Pledge Creation Nil ₹50
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹50
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs ProStocks on Special Offers and Promotion

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

Compare HDFC Sky vs ProStocks on Special Offers and Promotion
  HDFC Sky ProStocks
Pay In and Pay Out Options HDFC Sky vs ProStocks - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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 HDFC Sky vs ProStocks - Payout Time Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges HDFC Sky vs ProStocks - Bank Supported and Charges Info Not Available Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Direct from your HDFC bank account. SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden 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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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 2023-11-09T03:39:28+00:00