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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...

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...

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 Fyers Account	Open Prostocks Account

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)

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 Account	Open 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 Account	Open 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)

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 Account	Open Prostocks Account

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 Account	Open Prostocks Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open Fyers Account	Open Prostocks Account

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	30 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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.

Fyers Vs Prostocks Investment Options

	Fyers	Prostocks
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Fyers Vs Prostocks Order Type Offered

	Fyers	Prostocks
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Fyers Account	Open Prostocks Account

Fyers Vs Prostocks Research Report

	Fyers	Prostocks
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Fyers Vs Prostocks Suitable For Investor Type

	Fyers	Prostocks
Casual Investor
Active Investor
Trader

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: The Top 10 Reasons to Trade with 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 Account	Open Prostocks Account

Compare More Brokers...

Fyers	Prostocks
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