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IIFL Securities Vs Paytm Money Vs ProStocks: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Paytm Money ranges between Rs 20, while the brokerage of ProStocks ranges between Rs 15. The broker Paytm Money and ProStocks are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Paytm Money is rated 4, ProStocks is rated 4 out of 5.

Here we present side-by-side comparison of IIFL Securities vs Paytm Money 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 IIFL Securities vs Paytm Money 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 IIFL Securities vs Paytm Money vs ProStocks in this setion with 360 degree view of broker information.

Compare IIFL Securities vs Paytm Money vs ProStocks on Service

  IIFL Securities Compare
IIFL Securities
Paytm Money Compare
Paytm Money
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE NSE, BSE
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 In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ...Know more about Paytm Money 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 Paytm Money Request call back from ProStocks
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Account Opening Charges and AMC

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

In this section we have compared IIFL Securities vs Paytm Money 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 - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Paytm Money charges Free 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 vs Paytm Money vs ProStocks
Charges IIFL Securities Paytm Money ProStocks
Trading Account Opening Fees Free Free Free
Trading AMC Free Rs 30 per month (Platform fees) Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 250 PA (Free for 1st year) Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Paytm Money vs ProStocks on Plan Options

Plans are the most important feature you look when compare IIFL Securities vs Paytm Money vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks offers Multiple Plans where IIFL Securities and Paytm Money doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where IIFL Securities and Paytm Money doesn't offer.

Compare IIFL Securities vs Paytm Money vs ProStocks on Plan Options
Plan Types IIFL Securities Paytm Money ProStocks
Multiple Plans No No Yes
Monthly Plans No No Yes
Yearly Plans No No Yes
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Account Opening Request

Account Opening

  IIFL Securities Paytm Money ProStocks
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Paytm Money vs ProStockson Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

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 vs Paytm Money vs ProStocks
Brokerage Charges Compare IIFL Securities Paytm Money ProStocks
Plan Name IIFL iSERVE Brokerage Plan Flat Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Rs 20 per order 2.5% or Rs 20 whichever is lower Free
Equity Intraday Flat Rs 20 per order 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures Flat Rs 20 per order 0.02% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Rs 20 per order Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures Flat Rs 20 per order NA Flat Fee Rs 15
Currency Options Flat Rs 20 per order NA Flat Fee Rs 15
Commodity Trading Flat Rs 20 per order NA NA
Minimum Brokerage NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Info Not Available No
Call & Trade Charges Rs 50 Per Call + GST Rs 100/order +GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Call + GST Rs 50/order + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Paytm Money Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare IIFL Securities vs Paytm Money vs ProStocks on Transaction Charges

Compare IIFL Securities vs Paytm Money vs ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities vs Paytm Money vs ProStocks
Transaction Charges Compare IIFL Securities Paytm Money 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 iifl-securities Complete Brokerage Plans for paytm-money Complete Brokerage Plans for prostocks
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Account Features

Compare IIFL Securities vs Paytm Money vs ProStocks on Account Features

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

Account Features - IIFL Securities vs Paytm Money vs ProStocks
Account Features Compare IIFL Securities Paytm Money 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. No ProStocks have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No No Yes
SMS Alerts Yes No Yes
Online Demo Yes No Yes
Online Portfolio Yes Yes No
Margin Trading Funding Available Yes No No
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:15PM 3:10 PM 3:15PM
NRI Trading Yes No Yes
Other Features NIL NIL NIL
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Trading Platform

Compare IIFL Securities vs Paytm Money vs ProStockson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Paytm Money 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 IIFL Securities vs Paytm Money vs ProStocks
Trading Platform Compare IIFL Securities Paytm Money ProStocks
Desktop Trading Platform IIFL Trader terminal Paytm Money Star ProStocks
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://ttweb.indiainfoline.com

Paytm Money Web

https://www.prostocksweb.com/

Web Trading Demo Info Not Available Web Trading Demo Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App IIFL Markets Paytm Money App Star ProStocks
Mobile Trading App Demo IIFL Markets Demo Paytm Money App Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Paytm Money App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS IIFL Markets Download iOS Paytm Money App Download iOS Star ProStocks Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Rs. 30 per month Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for paytm-money Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare IIFL Securities vs Paytm Money vs ProStocks on User Rating

  IIFL Securities Paytm Money ProStocks
  82 Customer Reviews    Rate IIFL Securities 6 Customer Reviews    Rate Paytm Money 4 Customer Reviews    Rate ProStocks
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Paytm Money is Rated 3.0 / 5 based on 6 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare IIFL Securities vs Paytm Money vs ProStocks on Investment Offerings

Compare IIFL Securities vs Paytm Money 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 - IIFL Securities offers Commodity Trading where Paytm Money and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - IIFL Securities and Paytm Money offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Paytm Money and ProStocks doesn't offers PMS facility.

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

Compare IIFL Securities vs Paytm Money vs ProStocks on Order Types

Order Type - Compare IIFL Securities vs Paytm Money 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 offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - Paytm Money and ProStocks provides Bracket Orders (BO) facility where IIFL Securities doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

Order Types - Compare IIFL Securities vs Paytm Money vs ProStocks
Order Type Compare IIFL Securities Paytm Money ProStocks
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order No Yes Yes
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes Yes
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Customer Service Offered

Compare IIFL Securities vs Paytm Money vs ProStocks on Customer Service

Compare IIFL Securities vs Paytm Money 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 IIFL Securities vs Paytm Money vs ProStocks
Customer Service Compare IIFL Securities Paytm Money ProStocks
24/7 Customer Service Yes No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes No Yes
Toll Free Number Yes No No
Through Branches Yes No No
Customer Care Number 022-40071000 Info Not Available +91-2262-434343
Account Opening Process Online/Paperless Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.paytmmoney.com/care https://www.prostocks.com/faq.html
Head Office Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://www.indiainfoline.com/ https://www.paytmmoney.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare IIFL Securities vs Paytm Money vs ProStocks on Research Reports, Tips

Compare IIFL Securities vs Paytm Money vs ProStocks on research reports and tips provided by broker.

Research Reports - Compare IIFL Securities vs Paytm Money vs ProStocks
  IIFL Securities Paytm Money ProStocks
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF Yes No No
Daily Market Report Yes No No
Free Tips Yes No No
Quarterly Result Analysis Yes No No
News Alerts Yes No No
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Demat Account

Compare IIFL Securities vs Paytm Money vs ProStocks on Demat Account

Compare IIFL Securities vs Paytm Money vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities vs Paytm Money vs ProStocks
  IIFL Securities Paytm Money ProStocks
DP Source CDSL CDSL CDSL
DP ID 44700 12088800 83200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero Free (₹1000 Refundable Deposit)
Advance Deposit Nil Nil 1000/- Refundable Deposit against charges
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹10 per ISIN ₹20 per ISIN
Demat ₹15 per certificate + ₹40 courier charges ₹250 per 100 shares ₹50 per set up + ₹50 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹250 per 100 shares ₹50 per set up + ₹50 courier charges
Pledge Creation ₹50 ₹32 per ISIN ₹50
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure Nil ₹32 per ISIN ₹50
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation Nil ₹32 per ISIN ₹50
Failed Instruction Charges Nil Nil ₹50 per transaction
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Paytm Money vs ProStocks on Special Offers and Promotion

Compare IIFL Securities vs Paytm Money vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Paytm Money vs ProStocks on Special Offers and Promotion
  IIFL Securities Paytm Money 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
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 Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Paytm Money allows 190+ Banks. 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
Info Not Available 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...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

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...

  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

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.
Enquire for IIFL Securities Enquire for Paytm Money Enquire for ProStocks

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