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ProStocks Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of ProStocks Max Rs 15 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. ProStocks is a Discount Broker where AxisDirect is a Full Service Broker. ProStocks is having overall higher rating compare to AxisDirect. ProStocks is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for AxisDirect is 3,42,472 where number of active customer for ProStocks is 6,475. AxisDirect is serving more customer compare to ProStocks.

Here we present side-by-side comparison of ProStocks vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ProStocks vs AxisDirect'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 ProStocks vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ProStocks vs AxisDirect'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 ProStocks vs AxisDirect on Service

  ProStocks Compare
ProStocks
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 6,475 3,42,472
Broker Overview 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 Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from ProStocks Request call back from Zerodha
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Account Opening Charges and AMC

Compare ProStocks vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of ProStocks with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ProStocks with AxisDirect
Charges ProStocks AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 0 (Rs 1000 Refundable Deposit) Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ProStocks vs AxisDirect on Plan Options

Plans are the most important feature you look when compare ProStocks with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - ProStocks provide Monthly Plans where AxisDirect doesn't offer

Compare ProStocks with AxisDirect on Plan Options
Plan Types ProStocks AxisDirect
Multiple Plans Yes Yes
Monthly Plans Yes No
Yearly Plans Yes No
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Account Opening Request

Account Opening

  ProStocks Zerodha
Account Opening Request
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Brokerage Charges

Compare ProStocks vs AxisDirect on Brokerage Charges

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.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare ProStocks with AxisDirect
Brokerage Charges Compare ProStocks AxisDirect
Plan Name Flat Fee Rs 15 Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Free 0.50% (Each leg)
Equity Intraday Flat Fee Rs 15 0.05% (Each leg)
Equity Futures Flat Fee Rs 15 0.05% (Each leg)
Equity Options Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Fee Rs 15 0.05% (Each Leg)
Currency Options Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading NA Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA NIL
Hidden Charges No No
Funding No Yes - 18% interest PA
Call & Trade Charges Delivery Rs 25, Intraday and F&O Rs 10 per executed order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Delivery Rs 25, Intraday and F&O Rs 10 per executed order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for ProStocks Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare ProStocks vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare ProStocks with AxisDirect
Transaction Charges Compare ProStocks AxisDirect
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
Brokerage Charges Complete Brokerage Plans for prostocks Complete Brokerage Plans for axisdirect
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Account Features

Compare ProStocks vs AxisDirect on Account Features

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

Account Features - ProStocks with AxisDirect
Account Features Compare ProStocks AxisDirect
3 in 1 Account No ProStocks have 2-in-1 account. Only Demate and Trading account. Yes, ProStocks have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ProStocks vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ProStocks and AxisDirect. 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 ProStocks with AxisDirect
Trading Platform Compare ProStocks AxisDirect
Desktop Trading Platform Star ProStocks Ring
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.prostocksweb.com/ https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Star ProStocks AxisDirect Ring Mobile App
Mobile Trading App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Star ProStocks Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Star ProStocks Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ProStocks Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for ProStocks Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for ProStocks Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for prostocks Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare ProStocks vs AxisDirect on User Rating

  ProStocks AxisDirect
  4 Customer Reviews    Rate ProStocks 6 Customer Reviews    Rate AxisDirect
Fees Ratings 4.5 2.5
Trading Brokerage Rating 4.5 2.0
Trading Platform Usability 4.5 3.2
Customer Service Ratings 4.0 2.7
Overall Ratings 4.5 2.3
Broker Rating ProStocks is Rated 4.5 / 5 based on 4 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare ProStocks vs AxisDirect on Investment Offerings

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

Compare ProStocks vs AxisDirect on Order Types

Order Type - Compare ProStocks with AxisDirect 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 provide Bracket Orders (BO) where AxisDirect 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 ProStocks with AxisDirect
Order Type Compare ProStocks AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ProStocks vs AxisDirect on Customer Service

Compare ProStocks with AxisDirect 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 ProStocks with AxisDirect
Customer Service Compare ProStocks AxisDirect
24/7 Customer Service ProStocks vs AxisDirect - 24x7 customer support No No
Email Support ProStocks vs AxisDirect - Email Support Yes Yes
Onine Live Chat ProStocks vs AxisDirect - Onine Live Chat No Yes
Phone Support ProStocks vs AxisDirect - Phone Support Yes Yes
Toll Free Number ProStocks vs AxisDirect - Toll Free Number No Yes
Through Branches ProStocks vs AxisDirect - Through Branches No Yes
Customer Care Number ProStocks vs AxisDirect - Customer Care Number +91-2262-434343 022-61480808
Account Opening Process ProStocks vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email ProStocks vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ProStocks vs AxisDirect - Knowledge Center/Education https://www.prostocks.com/faq.html https://simplehai.axisdirect.in/learn/overview
Head Office Address ProStocks vs AxisDirect - Head Office Address/Corporate Address Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website ProStocks vs AxisDirect - Company Website https://www.prostocks.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare ProStocks vs AxisDirect on Research Reports, Tips

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

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

Compare ProStocks vs AxisDirect on Demat Account

Compare ProStocks with AxisDirect 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 AxisDirect is ₹500 pa. ProStocks is a better choice in terms of Demat AMC compare to AxisDirect.

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 ProStocks is ₹20 per ISIN where for AxisDirect is ₹10.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 ProStocks with AxisDirect
  ProStocks AxisDirect
DP Source CDSL CDSL
DP ID ProStocks vs AxisDirect - DP ID 83200 49200
Demat Account Annual Maintenance Charges(AMC) Free (₹1000 Refundable Deposit) ₹500 pa
Advance Deposit 1000/- Refundable Deposit against charges Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹20 per ISIN ₹10
Demat ₹50 per set up + ₹50 courier charges ₹3 per certificate
Remat ₹50 per set up + ₹50 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹50 ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹50 Nil
Failed Instruction Charges ₹50 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ProStocks vs AxisDirect on Special Offers and Promotion

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

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

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • 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...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

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. Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open ProStocks Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-07T06:44:26+00:00