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 1 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	1
Broker Enquiry
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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)

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 Brokerage	0.50%	Rs 0 (Free)
Equity Intraday Brokerage	0.05%	Rs 15
Equity Futures Brokerage	0.05%	Rs 15
Equity Options Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Rs 15
Currency Futures Trading Brokerage	0.05%	Rs 15
Currency Options Trading Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	Rs 15
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	Rs 50 per lot	NA
Special Offer		Special Offer: Get lifetime AMC free Demat Account with Rs 0 account opening fee. Rs 0 Brokerage on Equity Delivery. Flat Rs 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	Rs 899
Equity Delivery Brokerage	0.50%	Rs 0
Equity Intraday Brokerage	0.05%	Rs 0
Equity Futures Brokerage	0.05%	Rs 0
Equity Options Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Rs 0
Currency Futures Trading Brokerage	0.05%	NA
Currency Options Trading Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	NA
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	Rs 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	Rs 499
Equity Delivery Brokerage	0.50%	NA
Equity Intraday Brokerage	0.05%	NA
Equity Futures Brokerage	0.05%	NA
Equity Options Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	NA
Currency Futures Trading Brokerage	0.05%	Rs 0
Currency Options Trading Brokerage	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	Rs 0
Commodity Futures Trading Brokerage	0.03%	NA
Commodity Options Trading Brokerage	Rs 50 per lot	NA
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AxisDirect Charges Vs Prostocks

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

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 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 67 customer reviews whereas Prostocks is rated 3.3 of 5 based on 29 customer reviews.

	AxisDirect	Prostocks
	67 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 67 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 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: The Top 10 Reasons to Trade with ProStocks
Promo / Offers		Rs 0 Eq Delivery Brokerage and Flat Rs 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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