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

IIFL Securities Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. IIFL Securities offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of ProStocks ranges between Rs 15. IIFL Securities is a Full Service Broker where ProStocks is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for ProStocks is 6,475. IIFL Securities is serving more customer compare to ProStocks.

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

  IIFL Securities Compare
IIFL Securities
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? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 4,26,451 6,475
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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 IIFL Securities Request call back from ProStocks
Expand

Account Opening Charges and AMC

Compare IIFL Securities vs ProStocks on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IIFL Securities charges Rs 250 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 IIFL Securities with ProStocks
Charges IIFL Securities ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare IIFL Securities vs ProStocks on Plan Options

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

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

Account Opening Request

Account Opening

  IIFL Securities ProStocks
Account Opening Request
Expand

Brokerage Charges

Compare IIFL Securities vs ProStocks on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage 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 IIFL Securities with ProStocks
Brokerage Charges Compare IIFL Securities ProStocks
Plan Name IIFL iSERVE Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Rs 20 per order Free
Equity Intraday Flat Rs 20 per order Flat Fee Rs 15
Equity Futures Flat Rs 20 per order Flat Fee Rs 15
Equity Options Flat Rs 20 per order Flat Fee Rs 15
Currency Futures Flat Rs 20 per order Flat Fee Rs 15
Currency Options Flat Rs 20 per order Flat Fee Rs 15
Commodity Trading Flat Rs 20 per order NA
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA No
Call & Trade Charges Rs 50 Per Call + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Call + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for ProStocks
Expand

Share Broker's Transaction Charges

Compare IIFL Securities vs ProStocks on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with ProStocks
Transaction Charges Compare IIFL Securities 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 iifl-securities Complete Brokerage Plans for prostocks
Expand

Account Features

Compare IIFL Securities vs ProStocks on Account Features

Compare IIFL Securities 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 IIFL Securities doesn't offers Algo Trading. Margin Funding - IIFL Securities offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with ProStocks
Account Features Compare IIFL Securities ProStocks
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities 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
Expand

Trading Platform

Compare IIFL Securities vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with ProStocks
Trading Platform Compare IIFL Securities ProStocks
Desktop Trading Platform IIFL Trader terminal Star ProStocks
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.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 IIFL Markets Star ProStocks
Mobile Trading App Demo IIFL Markets Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets 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 IIFL Securities Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for prostocks

Expand

Broker Ratings by Users

Compare IIFL Securities vs ProStocks on User Rating

  IIFL Securities ProStocks
  82 Customer Reviews    Rate IIFL Securities 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.1 4.5
Trading Brokerage Rating 2.9 4.5
Trading Platform Usability 3.4 4.5
Customer Service Ratings 2.9 4.0
Overall Ratings 2.8 4.5
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
Expand

Investment Offerings

Compare IIFL Securities vs ProStocks on Investment Offerings

Compare IIFL Securities 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 - IIFL Securities offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - IIFL Securities offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where ProStocks doesn't offer

Investment Offerings - Compare IIFL Securities with ProStocks
Investment Offerings Compare IIFL Securities 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 Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
Expand

Order Types

Compare IIFL Securities vs ProStocks on Order Types

Order Type - Compare IIFL Securities 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) - ProStocks provides Bracket Orders (BO) where IIFL Securities 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)- 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 IIFL Securities with ProStocks
Order Type Compare IIFL Securities ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
Expand

Customer Service Offered

Compare IIFL Securities vs ProStocks on Customer Service

Compare IIFL Securities 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 IIFL Securities with ProStocks
Customer Service Compare IIFL Securities ProStocks
24/7 Customer Service IIFL Securities vs ProStocks - 24x7 customer support Yes No
Email Support IIFL Securities vs ProStocks - Email Support Yes Yes
Onine Live Chat IIFL Securities vs ProStocks - Onine Live Chat Yes No
Phone Support IIFL Securities vs ProStocks - Phone Support Yes Yes
Toll Free Number IIFL Securities vs ProStocks - Toll Free Number Yes No
Through Branches IIFL Securities vs ProStocks - Through Branches Yes No
Customer Care Number IIFL Securities vs ProStocks - Customer Care Number 022-40071000 +91-2262-434343
Account Opening Process IIFL Securities vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs ProStocks - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.prostocks.com/faq.html
Head Office Address IIFL Securities vs ProStocks - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website IIFL Securities vs ProStocks - Company Website https://www.indiainfoline.com/ https://www.prostocks.com
Expand

Tips/Research/Reports Published

Compare IIFL Securities vs ProStocks on Research Reports, Tips

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

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

Demat Account

Compare IIFL Securities vs ProStocks on Demat Account

Compare IIFL Securities 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 IIFL Securities is ₹400 pa. ProStocks is a better choice in terms of Demat AMC compare to IIFL Securities.

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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹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 IIFL Securities with ProStocks
  IIFL Securities ProStocks
DP Source CDSL CDSL
DP ID IIFL Securities vs ProStocks - DP ID 44700 83200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1000 Refundable Deposit)
Advance Deposit Nil 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹20 per ISIN
Demat ₹15 per certificate + ₹40 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹50 ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs ProStocks on Special Offers and Promotion

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

Compare IIFL Securities vs ProStocks on Special Offers and Promotion
  IIFL Securities ProStocks
Pay In and Pay Out Options IIFL Securities vs ProStocks - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
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 IIFL Securities vs ProStocks - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IIFL Securities vs ProStocks - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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 IIFL Securities Account Now>> Open ProStocks Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00