AxisDirect Vs Prostocks (Compare AxisDirect and Prostocks)


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities


Prostocks
ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited trading plans. Average share trader save between 60% to 99% on brokerage through this plan. ProSto... Know more about Prostocks

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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 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  AxisDirect Prostocks
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE
Year of Incorporation 2006 2016
Number of Branches 56 1
Open an Online Trading Account with AxisDirect.Open an Online Trading Account with Prostocks.
Enquire AxisDirectOpen Prostocks Account
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AxisDirect Vs Prostocks Charges & AMC

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

  AxisDirect Prostocks
Trading Account Opening Charges Rs 900 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 650 Rs 0 (Lifetime Zero AMC)
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AxisDirect Vs Prostocks Brokerage Charges & Plans

AxisDirect Vs Prostocks Brokerage

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

  AxisDirect Prostocks
Account Type Standard Brokerage Plan Flat Rate Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% Rs 15
Equity Futures 0.05% Rs 15
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 15
Currency Futures 0.05% Rs 15
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 15
Commodity Futures 0.03% NA
Commodity Options Rs 50 per lot NA
Special Offer
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

AxisDirect Vs Prostocks Brokerage Plan 2

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

AxisDirect Vs Prostocks Brokerage Plan 3

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

AxisDirect Charges Vs Prostocks

Minimum Brokerage Rs 20 per trade Rs 0
Other Charges
Call & Trade Charges Rs 20 per call Rs 0 (Free)
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AxisDirect Vs Prostocks Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) while Prostocks exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium).

  AxisDirect Prostocks
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures Rs 190 per Cr (0.0019%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity
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AxisDirect Vs Prostocks Leverage (Margin)

AxisDirect margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Prostocks margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  AxisDirect Prostocks
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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 Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
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 Yes
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AxisDirect Vs Prostocks Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas Prostocks is rated 3.2 of 5 based on 35 customer reviews.

  AxisDirect Prostocks
  71 Customer Reviews    Rate AxisDirect 35 Customer Reviews    Rate Prostocks
Fees 2.0 4.6
Brokerage 1.7 4.3
Trading Platform 2.6 2.8
Customer Service 2.2 3.2
Research Capabilities 2.9 2.4
Overall Ratings Rated 2.1 stars Rated 3.2 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 71 customer reviews Prostocks is rated 3.2 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire Prostocks Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
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AxisDirect Vs Prostocks Investment Options

  AxisDirect Prostocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, ETF, Corporate FD
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AxisDirect Vs Prostocks Order Type Offered

  AxisDirect Prostocks
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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AxisDirect Vs Prostocks Research Report

  AxisDirect Prostocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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AxisDirect Vs Prostocks Suitable For Investor Type

  AxisDirect Prostocks
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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AxisDirect Vs Prostocks - Pros and Cons

  AxisDirect Prostocks
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • Cheapest flat fee broker in India. Offers Rs 899 unlimited equity and equity f&o trading and Rs 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 Rs 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 (Rs 10 per executed order) among all discount brokers. Other brokers charge minimum Rs 20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).
Cons
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews Useful articles about ProStocks:
Promo / Offers

Unlimited Monthly Trading @ Rs 899

  • Monthly unlimited trading plan @ Rs 899.
  • Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O +
  • Lifetime Free AMC Demat Account +
  • API for alog trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Enquire AxisDirectOpen Prostocks Account

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