AxisDirect Vs Prostocks (Compare AxisDirect and Prostocks)

AxisDirect Vs Prostocks

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in , Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has branches across India.

	AxisDirect	Prostocks
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE
Account Type	Standard Brokerage Plan	Flat Rate Plan
Year of Incorporation	2006
Number of Branches	56
Broker Enquiry
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AxisDirect Vs Prostocks Charges & AMC

AxisDirect trading account opening charges is ₹900 while Prostocks account opening changes is ₹0. AxisDirect Demat Account AMC Charges is ₹650 and Prostocks Demat Account AMC Charges is ₹0 (Lifetime Zero AMC).

	AxisDirect	Prostocks
Trading Account Opening Charges	₹900	₹0
Trading Account AMC Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹650	₹0 (Lifetime Zero AMC)

AxisDirect Vs Prostocks Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Prostocks brokerage charges for equity is ₹0 (Free) and intraday is ₹15.

	AxisDirect	Prostocks
Account Type	Standard Brokerage Plan	Flat Rate Plan
Fixed Charges	NA
Equity Delivery Brokerage	0.50%	₹0 (Free)
Equity Intraday Brokerage	0.05%	₹15
Equity Futures Brokerage	0.05%	₹15
Equity Options Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot	₹15
Currency Futures Trading Brokerage	0.05%	₹15
Currency Options Trading Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l	₹15
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	₹50 per lot	NA
Special Offer		Special Offer: Get lifetime AMC free Demat Account with ₹0 account opening fee. ₹0 Brokerage on Equity Delivery. Flat ₹15/trade for Intraday and F&O. Request a Callback

AxisDirect Vs Prostocks Brokerage Plan 2

	AxisDirect	Prostocks
Account Type	Standard Brokerage Plan	Unlimited Equity Trading Plan
Fixed Charges	NA	₹899
Equity Delivery Brokerage	0.50%	₹0
Equity Intraday Brokerage	0.05%	₹0
Equity Futures Brokerage	0.05%	₹0
Equity Options Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot	₹0
Currency Futures Trading Brokerage	0.05%	NA
Currency Options Trading Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l	NA
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	₹50 per lot	NA
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AxisDirect Vs Prostocks Brokerage Plan 3

	AxisDirect	Prostocks
Account Type	Standard Brokerage Plan	Unlimited Currency Trading Plan
Fixed Charges	NA	₹499
Equity Delivery Brokerage	0.50%	NA
Equity Intraday Brokerage	0.05%	NA
Equity Futures Brokerage	0.05%	NA
Equity Options Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot	NA
Currency Futures Trading Brokerage	0.05%	₹0
Currency Options Trading Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l	₹0
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	₹50 per lot	NA
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AxisDirect Charges Vs Prostocks

Minimum Brokerage Charges	₹20 per trade	₹0
Other Brokerage Charges
Call & Trade Charges	₹20 per call	₹0 (Free)

AxisDirect Vs Prostocks Transaction Charges

AxisDirect transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) while Prostocks exchange transaction charges for options is NSE: 0.050% | BSE: 0.0025%.

	AxisDirect	Prostocks
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	NSE: 0.00325% | BSE: 0.00275%
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	NSE: 0.00325% | BSE: 0.00275%
Equity Futures	NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)	NSE: 0.0019% | BSE: 0.0005%
Equity Options	NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)	NSE: 0.050% | BSE: 0.0025%
Currency Futures	₹190 per Cr (0.0019%)	NSE: 0.0011% | BSE: 0.0001%
Currency Options	₹5000 per Cr (0.05%) (on premium)	NSE: 0.040% | BSE: 0.0001%
Commodity
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AxisDirect Vs Prostocks Leverage (Margin)

AxisDirect provides the margin of Upto 10x for intraday trades whereas the Prostocks margin for intraday cash is 7x (Margin intraday sq off).

	AxisDirect	Prostocks
Equity Delivery	100% (1x)	1x (no margin)
Equity Intraday	Upto 10x	7x (Margin intraday sq off)
Equity Futures	100% (1x)	2x
Equity Options	100% (1x)	1x (no margin)
Currency Futures	100% (1x)	1.5x
Currency Options	100% (1x)	1x (no margin)
Commodity Futures	3x
Commodity Options	100% (1x)
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Compare AxisDirect and Prostocks Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Prostocks offers ProStocks, NSE NOW trading software.

	AxisDirect	Prostocks
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	DirectTrade, Axisdirect Web, Axisdirect Mobile	ProStocks, NSE NOW
Intraday Square-off Time	3:15	Equity 3:15 PM | Curr: 4:45 PM
Other Features
Referral Program
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AxisDirect Vs Prostocks Review

AxisDirect is rated 2.1 of 5 based on 61 customer reviews whereas Prostocks is rated 3.3 of 5 based on 29 customer reviews.

	AxisDirect	Prostocks
	61 Customer Reviews	29 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	AxisDirect is rated 2.1 of 5 based on 61 customer reviews	Prostocks is rated 3.3 of 5 based on 29 customer reviews

AxisDirect Vs Prostocks Investment Options

	AxisDirect	Prostocks
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, ETF, Corporate FD

AxisDirect Vs Prostocks Order Type Offered

	AxisDirect	Prostocks
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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AxisDirect Vs Prostocks Research Report

	AxisDirect	Prostocks
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

AxisDirect Vs Prostocks Suitable For Investor Type

	AxisDirect	Prostocks
Casual Investor
Active Investor
Trader

AxisDirect Vs Prostocks - Pros and Cons

	AxisDirect	Prostocks
Pros	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts	Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan. Cover Order (CO) is available in unlimited monthly plan. Bracket order is coming soon. Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account. 2-in-1 Accounts offers seamless transactions between trading and demat account. 2 Pricing plans to choose from. Lowest exchange transaction changes, guaranteed. Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges. ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee. Cheapest Call & Trade fee (₹10 per executed order) among all discount brokers. Other brokers charge minimum ₹20 per trade. 24x7 customer service though Advance Interactive voice response(IVR).
Cons	Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained. Charges ₹250 per month fee if you are not an axis bank customer. Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers Higher commodity and currency trading brokerage. Call & Trade is charged ₹20 extra per trade
Reviews		Useful articles about ProStocks: The Top 10 Reasons to Trade with ProStocks
Promo / Offers		₹0 Eq Delivery Brokerage and Flat ₹15 per trade for Intraday & F&O + Lifetime Free AMC Demat Account + FREE Trading and Demat Account Opening This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.
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