Geojit Vs Prostocks (Compare Geojit and Prostocks)

Geojit Vs Prostocks

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Geojit	Prostocks
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX-SX	BSE, NSE
Year of Incorporation	1987	2016
Number of Branches	509	1
	Enquire Geojit	Open Prostocks Account

Geojit Vs Prostocks Charges & AMC

Geojit trading account opening charges is Rs 425 while Prostocks account opening changes is Rs 0. Geojit Demat Account AMC Charges is Rs 700 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

	Geojit	Prostocks
Trading Account Opening Charges	Rs 425	Rs 0
Trading Account AMC Charges	NIL	Rs 0
Demat Account Opening Charges	NIL	Rs 0 (Free)
Demat Account AMC Charges	Rs 700	Rs 0 (Lifetime Zero AMC)

Geojit Vs Prostocks Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15.

	Geojit	Prostocks
Account Type	Online Trading	Flat Rate Plan
Fixed Charges
Equity Delivery	0.30%	Rs 0 (Free)
Equity Intraday	0.03%	Rs 15
Equity Futures	0.03%	Rs 15
Equity Options	Rs 125 per contract	Rs 15
Currency Futures	0.03%	Rs 15
Currency Options	Rs 125 per contract	Rs 15
Commodity Futures	NA	NA
Commodity Options	NA	NA
Special Offer		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.

Geojit Vs Prostocks Brokerage Plan 2

	Geojit	Prostocks
Account Type	Online Trading	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 125 per contract	Rs 0
Currency Futures	0.03%	NA
Currency Options	Rs 125 per contract	NA
Commodity Futures	NA	NA
Commodity Options	NA	NA
	Enquire Geojit	Open Prostocks Account

Geojit Vs Prostocks Brokerage Plan 3

	Geojit	Prostocks
Account Type	Online Trading	Unlimited Currency Trading Plan
Fixed Charges		Rs 499
Equity Delivery	0.30%	NA
Equity Intraday	0.03%	NA
Equity Futures	0.03%	NA
Equity Options	Rs 125 per contract	NA
Currency Futures	0.03%	Rs 0
Currency Options	Rs 125 per contract	Rs 0
Commodity Futures	NA	NA
Commodity Options	NA	NA
	Enquire Geojit	Open Prostocks Account

Geojit Charges Vs Prostocks

Minimum Brokerage	1p per share or Rs 20/contract whichever is higher	Rs 0
Other Charges
Call & Trade Charges		Rs 0 (Free)

Geojit Vs Prostocks Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Prostocks exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium).

	Geojit	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 210 per Cr (0.0021%)	NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options	Rs 5500 per Cr (0.05%)	NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures	Rs 145 per Cr (0.00145%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options	Rs 4730 per Cr (0.0473%) on premium	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	NA
	Enquire Geojit	Open Prostocks Account

Geojit Vs Prostocks Leverage (Margin)

Geojit margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Prostocks margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Geojit	Prostocks
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Enquire Geojit	Open Prostocks Account

Compare Geojit and Prostocks Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Prostocks offers ProStocks, NSE NOW trading software.

	Geojit	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	Selfie Platinum, Selfie Gold, Mobile App	ProStocks, NSE NOW
Intraday Square-off Time		Equity 3:15 PM | Curr: 4:45 PM
Other Features
Referral Program
	Enquire Geojit	Open Prostocks Account

Geojit Vs Prostocks Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Prostocks is rated 3.2 of 5 based on 35 customer reviews.

	Geojit	Prostocks
	102 Customer Reviews	35 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.7 of 5 based on 102 customer reviews	Prostocks is rated 3.2 of 5 based on 35 customer reviews

Geojit Vs Prostocks Investment Options

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

Geojit Vs Prostocks Order Type Offered

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

Geojit Vs Prostocks Research Report

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

Geojit Vs Prostocks Suitable For Investor Type

	Geojit	Prostocks
Casual Investor
Active Investor
Trader

Geojit Vs Prostocks - Pros and Cons

	Geojit	Prostocks
Pros		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. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
Reviews		Useful articles about ProStocks: The Top 10 Reasons to Trade with ProStocks
Promo / Offers		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.
	Enquire Geojit	Open Prostocks Account