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Nirmal Bang Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Nirmal Bang offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Nirmal Bang Max .02% to .20% per trade while the brokerage of ProStocks ranges between Rs 15. Nirmal Bang is a Full Service Broker where ProStocks is a Discount Broker. Nirmal Bang is having overall lower rating compare to ProStocks. Nirmal Bang is rated only 3 out of 5 where ProStocks is rated 4 out of 5. Number of active customer for Nirmal Bang is 1,37,060 where number of active customer for ProStocks is 6,475. Nirmal Bang is serving more customer compare to ProStocks.

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

  Nirmal Bang Compare
Nirmal Bang
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 1,37,060 6,475
Broker Overview Open a free trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms. 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 Nirmal Bang vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Nirmal Bang with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Nirmal Bang charges Rs 200 PA AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nirmal Bang with ProStocks
Charges Nirmal Bang ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 200 PA Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nirmal Bang vs ProStocks on Plan Options

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

Compare Nirmal Bang with ProStocks on Plan Options
Plan Types Nirmal Bang 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 Nirmal Bang vs ProStocks on Brokerage Charges

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different 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 Nirmal Bang with ProStocks
Brokerage Charges Compare Nirmal Bang ProStocks
Plan Name Basic Trading Plan (Percentage Based) Flat Fee Rs 15 Trading Plan
Equity Delivery 0.2% or 20 paisa Free
Equity Intraday 0.02% or 2 paisa Flat Fee Rs 15
Equity Futures 0.02% or 2 paisa Flat Fee Rs 15
Equity Options Rs 35 Per Lot Flat Fee Rs 15
Currency Futures 0.02% or 2 paisa Flat Fee Rs 15
Currency Options Rs 20 Per Lot Flat Fee Rs 15
Commodity Trading 0.02% or 2 paisa NA
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges NA 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 Nirmal Bang Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Nirmal Bang vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Nirmal Bang with ProStocks
Transaction Charges Compare Nirmal Bang 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 nirmal-bang Complete Brokerage Plans for prostocks
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Account Features

Compare Nirmal Bang vs ProStocks on Account Features

Compare Nirmal Bang 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 - Nirmal Bang offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - ProStocks offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Nirmal Bang with ProStocks
Account Features Compare Nirmal Bang ProStocks
3 in 1 Account No Nirmal Bang have 2-in-1 account. Only Demate and Trading account. No Nirmal Bang have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No 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 No Yes
Other Features NIL NIL
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Trading Platform

Compare Nirmal Bang vs ProStocks on Trading Platform

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

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Broker Ratings by Users

Compare Nirmal Bang vs ProStocks on User Rating

  Nirmal Bang ProStocks
  2 Customer Reviews    Rate Nirmal Bang 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.5 4.5
Trading Brokerage Rating 4.0 4.5
Trading Platform Usability 3.0 4.5
Customer Service Ratings 3.5 4.0
Overall Ratings 3.5 4.5
Broker Rating Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Nirmal Bang vs ProStocks on Investment Offerings

Compare Nirmal Bang 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 - Nirmal Bang offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Nirmal Bang 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 Nirmal Bang with ProStocks
Investment Offerings Compare Nirmal Bang ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application No No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Nirmal Bang vs ProStocks on Order Types

Order Type - Compare Nirmal Bang 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 Nirmal Bang 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 Nirmal Bang 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- ProStocks offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

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

Compare Nirmal Bang vs ProStocks on Customer Service

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

Compare Nirmal Bang vs ProStocks on Research Reports, Tips

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

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

Compare Nirmal Bang vs ProStocks on Demat Account

Compare Nirmal Bang 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 Nirmal Bang is ₹360 pa. ProStocks is a better choice in terms of Demat AMC compare to Nirmal Bang.

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 Nirmal Bang is 0.03% of the transaction value (Min ₹15) 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 Nirmal Bang with ProStocks
  Nirmal Bang ProStocks
DP Source CDSL CDSL
DP ID Nirmal Bang vs ProStocks - DP ID No 83200
Demat Account Annual Maintenance Charges(AMC) ₹360 pa Free (₹1000 Refundable Deposit)
Advance Deposit NIL 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.03% of the transaction value (Min ₹15) ₹20 per ISIN
Demat ₹40 per demat requets + ₹40 for additional 50 certificate ₹50 per set up + ₹50 courier charges
Remat 0.04% of the value or ₹15 per certificate (whichever is higher) ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹100) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of the transaction value (Min ₹100) ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of the transaction value (Min ₹100) ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nirmal Bang vs ProStocks on Special Offers and Promotion

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

Compare Nirmal Bang vs ProStocks on Special Offers and Promotion
  Nirmal Bang ProStocks
Pay In and Pay Out Options Nirmal Bang 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 Nirmal Bang vs ProStocks - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Nirmal Bang 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
  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) facility.

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
  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

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 2023-08-28T00:10:38+00:00