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Zerodha Vs Alice Blue Vs ProStocks: Which one is better?

The brokerage of Zerodha ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of ProStocks ranges between Rs 15. All 3 brokers are discount brokers. Overall rating for Zerodha is 4.5, Alice Blue is rated 4, ProStocks is rated 4 out of 5.

Here we present side-by-side comparison of Zerodha vs Alice Blue 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 Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs ProStocks in this setion with 360 degree view of broker information.

Compare Zerodha vs Alice Blue vs ProStocks on Service

  Zerodha Compare
Zerodha
Alice Blue Compare
Alice Blue
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE
Broker Overview Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. 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 Alice Blue Request call back from ProStocks
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Account Opening Charges and AMC

Compare Zerodha vs Alice Blue vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared Zerodha vs Alice Blue 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 - Zerodha charges Rs 300 PA as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha vs Alice Blue vs ProStocks
Charges Zerodha Alice Blue ProStocks
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 PA Rs 400 PA Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Zerodha vs Alice Blue vs ProStocks on Plan Options

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

Compare Zerodha vs Alice Blue vs ProStocks on Plan Options
Plan Types Zerodha Alice Blue ProStocks
Multiple Plans No Yes Yes
Monthly Plans No No Yes
Yearly Plans No No Yes
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Account Opening Request

Account Opening

  Zerodha Alice Blue ProStocks
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Alice Blue vs ProStockson Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

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 Zerodha vs Alice Blue vs ProStocks
Brokerage Charges Compare Zerodha Alice Blue ProStocks
Plan Name Max Rs 20 per order Trading Plan F15 Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Free Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower Flat Fee Rs 15
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 Flat Fee Rs 15
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15 NA
Minimum Brokerage NIL NA NA
Hidden Charges No No
Funding Info Not Available Yes - 24% interest PA No
Call & Trade Charges Rs 50 Per Executable Order Rs 50 per order + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Executable Order Rs 50 per order + GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Alice Blue Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Zerodha vs Alice Blue vs ProStocks on Transaction Charges

Compare Zerodha vs Alice Blue vs ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha vs Alice Blue vs ProStocks
Transaction Charges Compare Zerodha Alice Blue 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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for alice-blue Complete Brokerage Plans for prostocks
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Account Features

Compare Zerodha vs Alice Blue vs ProStocks on Account Features

Compare Zerodha vs Alice Blue 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 - All 3 brokers dont have margin funing facility. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - Zerodha vs Alice Blue vs ProStocks
Account Features Compare Zerodha Alice Blue ProStocks
3 in 1 Account No Zerodha have 2-in-1 account. Only Demate and Trading account. No Zerodha 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 Yes Yes Yes
SMS Alerts No No Yes
Online Demo Yes No Yes
Online Portfolio Yes No No
Margin Trading Funding Available No No No
Combined Ledger for Equity and Commodity Yes Yes No
Intraday Square-off Time 3:20 PM 3:15 PM 3:15PM
NRI Trading Yes Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Zerodha vs Alice Blue vs ProStockson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs ProStocks
Trading Platform Compare Zerodha Alice Blue ProStocks
Desktop Trading Platform NA ANT - Analyse and Trade Star ProStocks
Desktop Demo Info Not Available Info Not Available Info Not Available
Desktop Platform (Windows) No Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Zerodha Kite Web

https://www.prostocksweb.com/

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Zerodha Kite App ANT Mobile Star ProStocks
Mobile Trading App Demo Zerodha Kite App Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Zerodha Kite App Download Andriod ANT Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Zerodha Kite App Download iOS ANT 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 Zerodha Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for alice-blue Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Zerodha vs Alice Blue vs ProStocks on User Rating

  Zerodha Alice Blue ProStocks
  160 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Alice Blue 4 Customer Reviews    Rate ProStocks
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Zerodha is Rated 3.9 / 5 based on 160 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Zerodha vs Alice Blue vs ProStocks on Investment Offerings

Compare Zerodha vs Alice Blue 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 - Zerodha and Alice Blue offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Zerodha and Alice Blue offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

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

Compare Zerodha vs Alice Blue vs ProStocks on Order Types

Order Type - Compare Zerodha vs Alice Blue 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) - Alice Blue and ProStocks provides Bracket Orders (BO) facility where Zerodha 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 - Zerodha and ProStocks offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.

Order Types - Compare Zerodha vs Alice Blue vs ProStocks
Order Type Compare Zerodha Alice Blue 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 No Yes
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Customer Service Offered

Compare Zerodha vs Alice Blue vs ProStocks on Customer Service

Compare Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs ProStocks
Customer Service Compare Zerodha Alice Blue ProStocks
24/7 Customer Service No No No
Email Support Yes No Yes
Onine Live Chat No Yes No
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes Yes No
Customer Care Number "+ 91 80 4040 2020" 08035215000/080-45490850 +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://zerodha.com/varsity/ https://tradeschool.aliceblueonline.com/ https://www.prostocks.com/faq.html
Head Office Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://zerodha.com/ https://www.aliceblueonline.com https://www.prostocks.com
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Tips/Research/Reports Published

Compare Zerodha vs Alice Blue vs ProStocks on Research Reports, Tips

Compare Zerodha vs Alice Blue vs ProStocks on research reports and tips provided by broker.

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

Compare Zerodha vs Alice Blue vs ProStocks on Demat Account

Compare Zerodha vs Alice Blue vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Zerodha vs Alice Blue vs ProStocks
  Zerodha Alice Blue ProStocks
DP Source CDSL CDSL CDSL
DP ID 81600 83500 83200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹400 pa Free (₹1000 Refundable Deposit)
Advance Deposit Nil Rs 0 1000/- Refundable Deposit against charges
Statutory charges ₹50 Rs 150 Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction 0.04% of the value of the transaction ₹20 per ISIN
Demat ₹150 per certificate + ₹100 courier charges ₹10 per certificate + ₹50 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹30 per certificate + CDSL charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹20 + ₹12 CSDL charges ₹20 + CDSL charges ₹50
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges ₹20 + CDSL charges ₹50
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation ₹20 ₹20 + CDSL charges ₹50
Failed Instruction Charges ₹50 per instraction Nil ₹50 per transaction
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Alice Blue vs ProStocks on Special Offers and Promotion

Compare Zerodha vs Alice Blue vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Alice Blue vs ProStocks on Special Offers and Promotion
  Zerodha Alice Blue ProStocks
Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
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 Alice Blue Mobile, ANT Desk and ANY Web application.
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 for bank holidays Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Software glitches in Kite happens at certain times.
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.

Detail Review...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

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 Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. 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 Zerodha Enquire for Alice Blue Enquire for ProStocks

Last Updated on 2024-07-02T01:41:09+00:00