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IDBI Direct 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 IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of ProStocks ranges between Rs 15. IDBI Direct is a Full Service Broker where ProStocks is a Discount Broker. IDBI Direct is having overall lower rating compare to ProStocks. IDBI Direct is rated only 3.5 out of 5 where ProStocks is rated 4 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for ProStocks is 6,475. IDBI Direct is serving more customer compare to ProStocks.

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

  IDBI Direct Compare
IDBI Direct
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 54,478 6,475
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs ProStocks on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 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 IDBI Direct with ProStocks
Charges IDBI Direct ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs ProStocks on Plan Options

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

Compare IDBI Direct with ProStocks on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs ProStocks on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with ProStocks
Brokerage Charges Compare IDBI Direct ProStocks
Plan Name Flat Brokerage PLan Flat Fee Rs 15 Trading Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% Flat Fee Rs 15
Equity Futures Flat Rs 15 per order Flat Fee Rs 15
Equity Options Flat Rs 15 per order Flat Fee Rs 15
Currency Futures Flat Rs 15 per order Flat Fee Rs 15
Currency Options Flat Rs 15 per order Flat Fee Rs 15
Commodity Trading NA NA
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NA
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Free Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges NA Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare IDBI Direct vs ProStocks on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with ProStocks
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for prostocks
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Account Features

Compare IDBI Direct vs ProStocks on Account Features

Compare IDBI Direct with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with ProStocks
Account Features Compare IDBI Direct ProStocks
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs ProStocks on Trading Platform

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

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Broker Ratings by Users

Compare IDBI Direct vs ProStocks on User Rating

  IDBI Direct ProStocks
  31 Customer Reviews    Rate IDBI Direct 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.0 4.5
Trading Brokerage Rating 2.5 4.5
Trading Platform Usability 2.6 4.5
Customer Service Ratings 2.7 4.0
Overall Ratings 2.7 4.5
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare IDBI Direct vs ProStocks on Investment Offerings

Compare IDBI Direct 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 - IDBI Direct 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 IDBI Direct with ProStocks
Investment Offerings Compare IDBI Direct ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes 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 IDBI Direct vs ProStocks on Order Types

Order Type - Compare IDBI Direct 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- 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 IDBI Direct with ProStocks
Order Type Compare IDBI Direct 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 Yes Yes
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Customer Service Offered

Compare IDBI Direct vs ProStocks on Customer Service

Compare IDBI Direct 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 IDBI Direct with ProStocks
Customer Service Compare IDBI Direct ProStocks
24/7 Customer Service IDBI Direct vs ProStocks - 24x7 customer support No No
Email Support IDBI Direct vs ProStocks - Email Support Yes Yes
Onine Live Chat IDBI Direct vs ProStocks - Onine Live Chat No No
Phone Support IDBI Direct vs ProStocks - Phone Support Yes Yes
Toll Free Number IDBI Direct vs ProStocks - Toll Free Number Yes No
Through Branches IDBI Direct vs ProStocks - Through Branches Yes No
Customer Care Number IDBI Direct vs ProStocks - Customer Care Number 022-3913 5001 +91-2262-434343
Account Opening Process IDBI Direct vs ProStocks - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs ProStocks - Knowledge Center/Education Info Not Available https://www.prostocks.com/faq.html
Head Office Address IDBI Direct vs ProStocks - Head Office Address/Corporate Address Info Not Available Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website IDBI Direct vs ProStocks - Company Website https://www.idbidirect.in/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare IDBI Direct vs ProStocks on Research Reports, Tips

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

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

Compare IDBI Direct vs ProStocks on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 pa. ProStocks is a better choice in terms of Demat AMC compare to IDBI Direct.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with ProStocks
  IDBI Direct ProStocks
DP Source CDSL CDSL
DP ID IDBI Direct vs ProStocks - DP ID No 83200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Free (₹1000 Refundable Deposit)
Advance Deposit NO 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹20 per ISIN
Demat ₹5 per certificate + ₹30 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹50
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs ProStocks on Special Offers and Promotion

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

Compare IDBI Direct vs ProStocks on Special Offers and Promotion
  IDBI Direct ProStocks
Pay In and Pay Out Options IDBI Direct vs ProStocks - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs ProStocks - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct 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 Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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 trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00