Fyers Vs Prostocks (Compare Fyers and Prostocks)


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


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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Fyers Vs Prostocks

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in , Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Fyers Prostocks
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, MCX BSE, NSE
Account Type Flat Fee Brokerage Plan Flat Rate Plan
Year of Incorporation 2015
Number of Branches 0 1
Open an Online Trading Account with Fyers.Open an Online Trading Account with Prostocks.
Open Fyers AccountOpen Prostocks Account
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Fyers Vs Prostocks Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Prostocks account opening changes is Rs 0. Fyers Demat Account AMC Charges is Rs 300 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  Fyers Prostocks
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Lifetime Zero AMC)
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Fyers Vs Prostocks Brokerage Charges & Plans

Fyers Vs Prostocks Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15.

  Fyers Prostocks
Account Type Flat Fee Brokerage Plan Flat Rate Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 15
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 15
Equity Options Rs 20 per executed order Rs 15
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 15
Currency Options Rs 20 per executed order Rs 15
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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.

Fyers Vs Prostocks Brokerage Plan 2

  Fyers Prostocks
Account Type Flat Fee Brokerage Plan Unlimited Equity Trading Plan
Fixed Charges NA Rs 899
Equity Delivery Rs 0 (Free) Rs 0
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 0
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 0
Equity Options Rs 20 per executed order Rs 0
Currency Futures Rs 20 per executed order or .03% whichever is lower NA
Currency Options Rs 20 per executed order NA
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Open Fyers AccountOpen Prostocks Account

Fyers Vs Prostocks Brokerage Plan 3

  Fyers Prostocks
Account Type Flat Fee Brokerage Plan Unlimited Currency Trading Plan
Fixed Charges NA Rs 499
Equity Delivery Rs 0 (Free) NA
Equity Intraday Rs 20 per executed order or .03% whichever is lower NA
Equity Futures Rs 20 per executed order or .03% whichever is lower NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 0
Currency Options Rs 20 per executed order Rs 0
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Open Fyers AccountOpen Prostocks Account

Fyers Charges Vs Prostocks

Minimum Brokerage Intra-day: Rs 7 or 2.5% whichever is lower Rs 0
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Fyers Vs Prostocks Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Prostocks exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium).

  Fyers Prostocks
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 240 per Cr (0.0024%) NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures Rs 240 per Cr (0.0024%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity NA
Open Fyers AccountOpen Prostocks Account
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Fyers Vs Prostocks Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Prostocks margin for intraday cash is 7x (Margin intraday sq off).

  Fyers Prostocks
Equity Delivery 1 times 1x (no margin)
Equity Intraday Up to 16x (based on the stock) 7x (Margin intraday sq off)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) 2x
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x 1x (no margin)
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1.5x
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) 1x (no margin)
Commodity Futures NA
Commodity Options
Open Fyers AccountOpen Prostocks Account
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Compare Fyers and Prostocks Features

The trading platforms offered Fyers include Fyers One (In-house build). Prostocks offers ProStocks, NSE NOW trading software.

  Fyers Prostocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Fyers One (In-house build) ProStocks, NSE NOW
Intraday Square-off Time 3:20 PM Equity 3:15 PM | Curr: 4:45 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
Open Fyers AccountOpen Prostocks Account
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Fyers Vs Prostocks Review

Fyers is rated 3.4 of 5 based on 18 customer reviews whereas Prostocks is rated 3.3 of 5 based on 30 customer reviews.

  Fyers Prostocks
  18 Customer Reviews    Rate Fyers 30 Customer Reviews    Rate Prostocks
Fees 3.4 4.6
Brokerage 3.8 4.4
Trading Platform 3.4 2.9
Customer Service 3.6 3.2
Research Capabilities 1.5 3.0
Overall Ratings Rated 3.4 stars Rated 3.3 stars
Broker Rating Fyers is rated 3.4 of 5 based on 18 customer reviews Prostocks is rated 3.3 of 5 based on 30 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire Prostocks Enquire
Contact Broker

Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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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Fyers Vs Prostocks Investment Options

  Fyers Prostocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Fyers Vs Prostocks Order Type Offered

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

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

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

  Fyers Prostocks
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • 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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews Useful articles about ProStocks:
Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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.

Open Fyers AccountOpen Prostocks Account

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