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Zerodha Vs Upstox Vs ProStocks: Which one is better?

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

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

Compare Zerodha vs Upstox vs ProStocks on Service

  Zerodha Compare
Zerodha
Upstox Compare
Upstox
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 NSE, BSE, MCX 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. Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. 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 Upstox Request call back from ProStocks
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Account Opening Charges and AMC

Compare Zerodha vs Upstox vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared Zerodha vs Upstox vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha and ProStocks offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, Upstox 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 Zerodha vs Upstox vs ProStocks
Charges Zerodha Upstox ProStocks
Trading Account Opening Fees Free Promotion offer: Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 PA Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Zerodha vs Upstox vs ProStocks on Plan Options

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

Compare Zerodha vs Upstox vs ProStocks on Plan Options
Plan Types Zerodha Upstox 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

  Zerodha Upstox ProStocks
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Upstox 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per 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 Zerodha vs Upstox vs ProStocks
Brokerage Charges Compare Zerodha Upstox ProStocks
Plan Name Max Rs 20 per order Trading Plan Max Rs 20 Per Order Trading Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20 NA
Minimum Brokerage NIL NA
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available No
Call & Trade Charges Rs 50 Per Executable Order Rs 50 + 18% GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Executable Order Rs 50 + 18% GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Upstox Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Zerodha vs Upstox vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Zerodha vs Upstox vs ProStocks
Transaction Charges Compare Zerodha Upstox 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 upstox Complete Brokerage Plans for prostocks
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Account Features

Compare Zerodha vs Upstox vs ProStocks on Account Features

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

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

Compare Zerodha vs Upstox vs ProStockson Trading Platform

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

Zerodha Kite Web

https://pro.upstox.com/

https://www.prostocksweb.com/

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

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Broker Ratings by Users

Compare Zerodha vs Upstox vs ProStocks on User Rating

  Zerodha Upstox ProStocks
  160 Customer Reviews    Rate Zerodha 12 Customer Reviews    Rate Upstox 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 Upstox is Rated 3.7 / 5 based on 12 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Zerodha vs Upstox vs ProStocks on Investment Offerings

Compare Zerodha vs Upstox 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 Upstox offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Zerodha and Upstox 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 Upstox vs ProStocks
Investment Offerings Compare Zerodha Upstox ProStocks
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes 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 No No No
Forex No No No
MF SIP Investment Yes Yes No
Equity SIP Investment Yes Yes No
PMS Service No No No
Other Investment Options NIL NIL NIL
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Order Types

Compare Zerodha vs Upstox vs ProStocks on Order Types

Order Type - Compare Zerodha vs Upstox 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) - Upstox 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 - 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 Zerodha vs Upstox vs ProStocks
Order Type Compare Zerodha Upstox 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 Zerodha vs Upstox vs ProStocks on Customer Service

Compare Zerodha vs Upstox 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 Upstox vs ProStocks
Customer Service Compare Zerodha Upstox ProStocks
24/7 Customer Service No No No
Email Support Yes Yes 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" +91 22 6130 9999 +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://upstox.com/help-center/ 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
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website https://zerodha.com/ https://upstox.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Zerodha vs Upstox vs ProStocks on Research Reports, Tips

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

Research Reports - Compare Zerodha vs Upstox vs ProStocks
  Zerodha Upstox ProStocks
Research Mutual Funds No No No
Research Equity Reports No No No
Research ETF No No No
Daily Market Report No No 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 Upstox vs ProStocks on Demat Account

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

Demat Charges - Compare Zerodha vs Upstox vs ProStocks
  Zerodha Upstox ProStocks
DP Source CDSL CDSL CDSL
DP ID 81600 81800 83200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹300 PA Free (₹1000 Refundable Deposit)
Advance Deposit Nil NIL 1000/- Refundable Deposit against charges
Statutory charges ₹50 Nil Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹13 + ₹5.50 CDSL charges ₹20 per ISIN
Demat ₹150 per certificate + ₹100 courier charges ₹20 + ₹50 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹50 per set up + ₹50 courier charges
Pledge Creation ₹20 + ₹12 CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure ₹20 + ₹12 CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation ₹20 0.05% of the transaction value (Min ₹50) ₹50
Failed Instruction Charges ₹50 per instraction ₹50 ₹50 per transaction
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Upstox vs ProStocks on Special Offers and Promotion

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

Compare Zerodha vs Upstox vs ProStocks on Special Offers and Promotion
  Zerodha Upstox 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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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 Max 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 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. 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
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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. Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs 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 Upstox Enquire for ProStocks

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