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Nuvama Wealth Vs ICICIDirect Vs ProStocks: Which one is better?

The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of ICICIDirect ranges between Rs. 20, while the brokerage of ProStocks ranges between Rs 15. The broker Nuvama Wealth and ProStocks are discount brokers where ICICIDirect is a full service broker. Overall rating for Nuvama Wealth is 3.5, ICICIDirect is rated 4, ProStocks is rated 4 out of 5.

Here we present side-by-side comparison of Nuvama Wealth vs ICICIDirect vs ProStocks stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Nuvama Wealth vs ICICIDirect vs ProStocks on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Nuvama Wealth vs ICICIDirect vs ProStocks in this setion with 360 degree view of broker information.

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Service

  Nuvama Wealth Compare
Nuvama Wealth
ICICIDirect Compare
ICICIDirect
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE
Broker Overview One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...Know more about ICICIDirect 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 Nuvama Wealth Request call back from ProStocks
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Account Opening Charges and AMC

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared Nuvama Wealth vs ICICIDirect vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, ICICIDirect charges Rs 300 per annum AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Charges Nuvama Wealth ICICIDirect ProStocks
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 300 per annum Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth vs ICICIDirect vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers offers Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - ProStocks offers Monthy Plans where Nuvama Wealth and ICICIDirect doesn't offer.

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Plan Options
Plan Types Nuvama Wealth ICICIDirect ProStocks
Multiple Plans Yes Yes Yes
Monthly Plans No No Yes
Yearly Plans No No Yes
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Account Opening Request

Account Opening

  Zerodha Nuvama Wealth ProStocks
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs ICICIDirect vs ProStockson Brokerage Charges

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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 Nuvama Wealth vs ICICIDirect vs ProStocks
Brokerage Charges Compare Nuvama Wealth ICICIDirect ProStocks
Plan Name Nuvama Lite NEO Flat Discount Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Rs. 10 per executed order 0.55% Free
Equity Intraday Flat Rs. 10 per executed order Flat Rs. 20 per order Flat Fee Rs 15
Equity Futures Flat Rs. 10 per executed order Free (Rs. 0 brokerage) Flat Fee Rs 15
Equity Options Flat Rs. 10 per executed order Flat Rs. 20 per order Flat Fee Rs 15
Currency Futures Flat Rs. 10 per executed order Flat Rs. 20 per order Flat Fee Rs 15
Currency Options Flat Rs. 10 per executed order Flat Rs. 20 per order Flat Fee Rs 15
Commodity Trading 0.01% Flat Rs. 20 per order NA
Minimum Brokerage Rs 35 per trade NA
Hidden Charges Info Not Available Yes
Call & Trade Charges Rs 20 per call First 20 call free and Rs 25 there onwards. Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 20 First 20 call free and Rs 25 there onwards. Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for ICICIDirect Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Transaction Charges

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Transaction Charges Compare Nuvama Wealth ICICIDirect ProStocks
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA NA
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for icicidirect Complete Brokerage Plans for prostocks
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Account Features

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Account Features

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 Account where Nuvama Wealth and ProStocks offers only 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth and ICICIDirect offers margin funding where ProStocks doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

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

Compare Nuvama Wealth vs ICICIDirect vs ProStockson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth vs ICICIDirect vs ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Trading Platform Compare Nuvama Wealth ICICIDirect ProStocks
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://tlounge.edelweiss.in/Login

https://www.icicidirect.com

https://www.prostocksweb.com/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Nuvama Mobile Trader ICICI direct Mobile Star ProStocks
Mobile Trading App Demo Nuvama Mobile Trader Demo ICICI direct Mobile Demo Star ProStocks Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod ICICI direct Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS ICICI direct Mobile Download iOS Star ProStocks Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for icicidirect Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on User Rating

  Nuvama Wealth ICICIDirect ProStocks
  20 Customer Reviews    Rate Nuvama Wealth 267 Customer Reviews    Rate ICICIDirect 20 Customer Reviews    Rate ProStocks
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews ProStocks is Rated 0.9 / 5 based on 20 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Investment Offerings

Compare Nuvama Wealth vs ICICIDirect vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Nuvama Wealth offers Commodity Trading where ICICIDirect and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Nuvama Wealth and ICICIDirect offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth and ICICIDirect offers PMS facility where ProStocks doesn't offers PMS facility.

Investment Offerings - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Investment Offerings Compare Nuvama Wealth ICICIDirect ProStocks
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes No No
Online IPO Application No Yes No
Mutual Funds Yes Yes No
Bond / NCD Yes Yes No
ETF Yes Yes Yes
Banking No Yes No
Insurance Yes Yes No
Forex No No No
MF SIP Investment Yes Yes No
Equity SIP Investment Yes Yes No
PMS Service Yes Yes No
Other Investment Options NIL NIL NIL
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Order Types

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Order Types

Order Type - Compare Nuvama Wealth vs ICICIDirect vs ProStocks on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - ICICIDirect and ProStocks offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.

Order Types - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Order Type Compare Nuvama Wealth ICICIDirect ProStocks
CNC order No No No
MIS order No No No
NRML order No No No
Cover order No No No
Bracket order No No No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled No Yes Yes
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Customer Service Offered

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Customer Service

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
Customer Service Compare Nuvama Wealth ICICIDirect ProStocks
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No No
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes Yes No
Customer Care Number 1800 102 3335 1860 123 1122 +91-2262-434343
Account Opening Process Online/Paperless Online Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.icicidirect.com/knowledge-center https://www.prostocks.com/faq.html
Head Office Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://www.nuvamawealth.com/ https://www.icicidirect.com https://www.prostocks.com
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Tips/Research/Reports Published

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Research Reports, Tips

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on research reports and tips provided by broker.

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

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Demat Account

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Nuvama Wealth vs ICICIDirect vs ProStocks
  Nuvama Wealth ICICIDirect ProStocks
DP Source CDSL CDSL CDSL
DP ID 32300 14301 83200
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹700 pa Free (₹1000 Refundable Deposit)
Advance Deposit NIL Rs. 7500/- , If the client is not having ICICI BANK Account 1000/- Refundable Deposit against charges
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹20 per ISIN
Demat ₹2 per certificate + ₹30 courier charges ₹50 per set up ₹50 per set up + ₹50 courier charges
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% of transaction value (Min ₹50) 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Creation Confirmation Nil 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% of transaction value (Min ₹50) 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Closure Confirmation Nil 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% of transaction value (Min ₹50) 0.02% (Min ₹35 and Max ₹25,000) ₹50
Failed Instruction Charges Nil ₹30 per transaction ₹50 per transaction
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Special Offers and Promotion

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Nuvama Wealth vs ICICIDirect vs ProStocks on Special Offers and Promotion
  Nuvama Wealth ICICIDirect ProStocks
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
Likes
  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

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
  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

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 Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. 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.
Enquire for Nuvama Wealth Enquire for ICICIDirect Enquire for ProStocks

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