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Nuvama (Edelweiss) Vs Prostocks (Compare Nuvama (Edelweiss) and Prostocks)

Nuvama Wealth & Investment Limited Logo

About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best... Know more about Nuvama Wealth & Investment Limited

Prostocks Logo

About 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 pl... Know more about Prostocks

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Nuvama (Edelweiss) Vs Prostocks

Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Nuvama (Edelweiss) Prostocks
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE
Year of Incorporation 2002 2016
Number of Branches 237 1
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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Nuvama (Edelweiss) Vs Prostocks Charges & AMC

Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while Prostocks account opening changes is Rs 0 (Free). Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  Nuvama (Edelweiss) Prostocks
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 500 (1st Year Free) Rs 0 (Lifetime Zero AMC)

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Nuvama (Edelweiss) Vs Prostocks Brokerage

Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order.

Account Type Nuvama (Edelweiss) Nuvama Lite Prostocks Flat Rate Plan
Fixed Charges NA NA
Equity Delivery Rs 10 per executed order Rs 0 (Free)
Equity Intraday Rs 10 per executed order Rs 15 per executed order
Equity Futures Rs 10 per executed order Rs 15 per executed order
Equity Options Rs 10 per executed order Rs 15 per executed order
Currency Futures Rs 10 per executed order Rs 15 per executed order
Currency Options Rs 10 per executed order Rs 15 per executed order
Commodity Futures NA
Commodity Options NA
Special Offer
Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.
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.

Nuvama (Edelweiss) Vs Prostocks Brokerage Plan 2

  Nuvama (Edelweiss) Prostocks
Account Type Nuvama Elite Unlimited Equity Trading Plan
Fixed Charges Rs 899
Equity Delivery 0.30% Rs 0
Equity Intraday 0.03% Rs 0
Equity Futures 0.03% Rs 0
Equity Options Rs 75 per lot Rs 0
Currency Futures 0.02% NA
Currency Options Rs 20 per lot NA
Commodity Futures NA
Commodity Options NA
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Brokerage Plan 3

  Nuvama (Edelweiss) Prostocks
Account Type Nuvama Lite Unlimited Currency Trading Plan
Fixed Charges NA Rs 499
Equity Delivery Rs 10 per executed order NA
Equity Intraday Rs 10 per executed order NA
Equity Futures Rs 10 per executed order NA
Equity Options Rs 10 per executed order NA
Currency Futures Rs 10 per executed order Rs 0
Currency Options Rs 10 per executed order Rs 0
Commodity Futures NA
Commodity Options NA
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

Nuvama (Edelweiss) Charges Vs Prostocks

Minimum Brokerage 0.03% Equity delivery, 0.01% Intra-day and Futures Rs 0
Other Charges Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges Rs 20 per call Rs 0 (Free)

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Nuvama (Edelweiss) Vs Prostocks Transaction Charges

Nuvama (Edelweiss) transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Prostocks exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Nuvama (Edelweiss) Prostocks
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 200 per Cr (0.002%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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Nuvama (Edelweiss) Vs Prostocks Leverage (Margin)

Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Prostocks margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Nuvama (Edelweiss) Prostocks
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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Compare Nuvama (Edelweiss) and Prostocks Features

The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. Prostocks offers ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API trading software.

  Nuvama (Edelweiss) Prostocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
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 Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Intraday Square-off Time 3:00 PM Equity 3:15 PM | Curr: 4:45 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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Nuvama (Edelweiss) Vs Prostocks Review

Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews whereas Prostocks is rated 3.3 of 5 based on 41 customer reviews.

  Nuvama (Edelweiss) Prostocks
  76 Customer Reviews    Rate Nuvama (Edelweiss) 41 Customer Reviews    Rate Prostocks
Fees 3.0 4.6
Brokerage 3.1 4.2
Trading Platform 3.4 2.9
Customer Service 2.7 3.2
Research Capabilities 2.9 2.0
Overall Ratings Rated 2.9 stars Rated 3.3 stars
Broker Rating Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews Prostocks is rated 3.3 of 5 based on 41 customer reviews

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Contact Broker / Request A Call Back

  Nuvama (Edelweiss) Enquire Prostocks Enquire
Contact Broker Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. 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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Nuvama (Edelweiss) Vs Prostocks Investment Options

  Nuvama (Edelweiss) 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

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Nuvama (Edelweiss) Vs Prostocks Order Type Offered

  Nuvama (Edelweiss) Prostocks
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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Nuvama (Edelweiss) Vs Prostocks Research Report

  Nuvama (Edelweiss) Prostocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Nuvama (Edelweiss) Vs Prostocks Suitable For Investor Type

  Nuvama (Edelweiss) Prostocks
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Nuvama (Edelweiss) Vs Prostocks - Pros and Cons

  Nuvama (Edelweiss) Prostocks
Pros
  1. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
  • 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
  1. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
Reviews

ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market.

ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds.

The Top 10 Reasons to Trade with ProStocks

Promo / Offers

Nuvama (Edelweiss) Special Offer

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.

Prostocks Special Offer

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 algo trading.

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

Open Nuvama (Edelweiss) AccountOpen Prostocks Account

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