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Fyers Vs ProStocks Share Broker Comparison

The side-by-side comparison of Fyers Securities Ltd and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between Fyers 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 Fyers and ProStocks.

  Fyers Securities Ltd ProStocks
 
Fyers Securities Ltd Logo ProStocks Logo
About the Broker 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", representi... Know more about Fyers Securities Ltd 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 Discount Broker Discount Broker
Supported Exchnage NSE, MCX BSE, NSE
Account Type Flat Fee Brokerage Plan Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Fyers. 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

  Fyers Securities Ltd ProStocks
Trading Account Opening Fees ₹0 (Free) ₹0
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Fyers Securities Ltd ProStocks
Account Type Flat Fee Brokerage Plan Flat Fee Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹15
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹15
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹15
Equity Options Brokerage ₹20 per executed order ₹15
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹15
Currency Options Trading Brokerage ₹20 per executed order ₹15
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Brokerage Plan 2

  Fyers Securities Ltd ProStocks
Account Type Flat Fee Brokerage Plan Monthly Unlimited Equity
Fixed Charges NA ₹899
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Equity Options Brokerage ₹20 per executed order ₹0
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Brokerage Plan 3

  Fyers Securities Ltd ProStocks
Account Type Flat Fee Brokerage Plan Monthly Unlimited Currency
Fixed Charges NA ₹499
Equity Delivery Brokerage ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Currency Options Trading Brokerage ₹20 per executed order ₹0
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per trade
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Taxes

  Fyers Securities Ltd 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

  Fyers Securities Ltd ProStocks
Equity Delivery ₹325 per crore (0.00325%) NSE: 0.00325% | BSE: 0.00275%
Equity Intraday ₹325 per crore (0.00325%) NSE: 0.00325% | BSE: 0.00275%
Equity Futures ₹240 per crore (0.0024%) NSE: 0.0019% | BSE: 0.0005%
Equity Options ₹5900 per crore (on premium) (0.059%) NSE: 0.050% | BSE: 0.0025%
Currency Futures ₹240 per crore (0.0024%) NSE: 0.0011% | BSE: 0.0001%
Currency Options ₹5900 per crore (on premium) (0.059%) NSE: 0.040% | BSE: 0.0001%
Commodity NA
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Exposure

  Fyers Securities Ltd ProStocks
Equity Delivery 1 times 1x (no margin)
Equity Intraday Up to 16x (based on the stock) 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1.5x
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 NA NA
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Share Broker Features

  Fyers Securities Ltd 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 Available No No
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
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Broker Ratings (Average User Rating)

  Fyers Securities Ltd ProStocks
  8 Customer Reviews    Rate Fyers 24 Customer Reviews    Rate ProStocks
Fees Ratings 3.1 4.6
Trading Brokerage Rating 3.9 4.4
Trading Platform Usability 3.0 2.9
Customer Service Ratings 4.0 3.1
Overall Ratings Rated 3.6 stars Rated 3.3 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd ProStocks
Contact / Request Call Back
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Investment Options Available

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

  Fyers Securities Ltd ProStocks
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Order Type

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

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

  Fyers Securities Ltd ProStocks
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Fyers Securities Ltd ProStocks
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • 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!

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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

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

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 Fyers Enquire about ProStocks
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