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AxisDirect Vs ProStocks Share Broker Comparison

The side-by-side comparison of Axis Securities and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between AxisDirect and ProStocks's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among AxisDirect and ProStocks.

  Axis Securities ProStocks
 
Axis Securities Logo ProStocks Logo
About the Broker Incorporated in 2005, Axis Securities is a subsidiary company of Axis Bank Ltd. Company offers broking services and distribution of financial products to retail customers in India. Axis Sec offers a single account to its customer to invest in Equitie... Know more about Axis Securities 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 ... Know more about ProStocks
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE
Account Type Trade@20 (SA75000) Flat Fee Plan
Broker Enquiry Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Axis Securities ProStocks
Trading Account Opening Fees ₹900 (3 in 1 account) ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹500 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Axis Securities ProStocks
Account Type Trade@20 (SA75000) Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage ₹20 per executed order ₹15
Equity Intraday Brokerage ₹20 per executed order ₹15
Equity Futures Brokerage ₹20 per executed order ₹15
Equity Options Brokerage ₹20 per executed order ₹15
Currency Futures Trading Brokerage 0.03% each side ₹15
Currency Options Trading Brokerage ₹20 per lot ₹15
Commodity Futures Trading Brokerage 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Brokerage Plan 2

  Axis Securities ProStocks
Account Type Trade@20 (SA75000) Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage ₹20 per executed order ₹0
Equity Intraday Brokerage ₹20 per executed order ₹0
Equity Futures Brokerage ₹20 per executed order ₹0
Equity Options Brokerage ₹20 per executed order ₹0
Currency Futures Trading Brokerage 0.03% each side
Currency Options Trading Brokerage ₹20 per lot
Commodity Futures Trading Brokerage 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Brokerage Plan 3

  Axis Securities ProStocks
Account Type Trade@20 (SA75000) Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage ₹20 per executed order
Equity Intraday Brokerage ₹20 per executed order
Equity Futures Brokerage ₹20 per executed order
Equity Options Brokerage ₹20 per executed order
Currency Futures Trading Brokerage 0.03% each side ₹0
Currency Options Trading Brokerage ₹20 per lot ₹0
Commodity Futures Trading Brokerage 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges ₹250 per monthly fee if do not have axis bank account
Call & Trade Charges ₹20 per call post 20th call per month
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Taxes

  Axis Securities ProStocks
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Axis Securities ProStocks
Equity Delivery 0.00325% (₹325/Cr) NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.00325% (₹325/Cr) NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.0019% (₹190/Cr) NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.05% (₹5000/crore) NSE: 0.050% | BSE: 0.0025%
Currency Futures 0.0019% (₹190/Cr) NSE: 0.0011% | BSE: 0.0001%
Currency Options 0.05% (₹5000/crore) NSE: 0.040% | BSE: 0.0001%
Commodity
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Exposure

  Axis Securities ProStocks
Equity Delivery Nil 1x (no margin)
Equity Intraday Upto 10x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Nil 1.5x
Equity Options Nil 1x (no margin)
Currency Futures NA 1.5x
Currency Options NA 1x (no margin)
Commodity 3x NA
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Share Broker Features

  Axis Securities 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 Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform DirectTrade, Swift Trade, Axisdirect Mobile ProStocks, NSE NOW
Intraday Square-off Time 3:15 Equity 3:15 PM | Curr: 4:45 PM
Other Features Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  Axis Securities ProStocks
  48 Customer Reviews    Rate AxisDirect 24 Customer Reviews    Rate ProStocks
Fees Ratings 2.0 4.6
Trading Brokerage Rating 1.8 4.4
Trading Platform Usability 2.7 2.9
Customer Service Ratings 2.4 3.1
Overall Ratings Rated 2.2 stars Rated 3.3 stars
Broker Rating AxisDirect is Rated 2.2 / 5 based on 48 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Axis Securities ProStocks
Contact / Request Call Back
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Investment Options Available

  Axis Securities ProStocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Customer Service Offered

  Axis Securities ProStocks
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Axis Securities ProStocks
Bracket Order No
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  Axis Securities ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Axis Securities ProStocks
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Axis Securities ProStocks
Pros
  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

  • Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 5 Pricing plans to choose from offers flexibility to stock market investors and active trader. Its extremely easy to switch between the plans.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges.
  • Lowest stamp duty for customer outside Maharashtra. Max stamp duty charged is ₹50 per day.
  • 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).

More Advantages...

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

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
Promo / Offers

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

Enquire about AxisDirect Enquire about ProStocks
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