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India Infoline (IIFL) Vs ProStocks Share Broker Comparison

The side-by-side comparison of India Infoline Limited and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between India Infoline (IIFL) 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 India Infoline (IIFL) and ProStocks.

  India Infoline Limited ProStocks
 
India Infoline Limited Logo ProStocks Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited 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 Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX BSE, NSE
Account Type Standard Account Flat Fee Plan
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). 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

  India Infoline Limited ProStocks
Trading Account Opening Fees ₹750 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 555 (One time) ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  India Infoline Limited ProStocks
Account Type Standard Account Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹15
Equity Intraday Brokerage 0.05% ₹15
Equity Futures Brokerage 0.05% ₹15
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹15
Currency Futures Trading Brokerage Rs 25 per lot ₹15
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹15
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Brokerage Plan 2

  India Infoline Limited ProStocks
Account Type Standard Account Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹0
Equity Futures Brokerage 0.05% ₹0
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹0
Currency Futures Trading Brokerage Rs 25 per lot
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Brokerage Plan 3

  India Infoline Limited ProStocks
Account Type Standard Account Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.50%
Equity Intraday Brokerage 0.05%
Equity Futures Brokerage 0.05%
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage Rs 25 per lot ₹0
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹0
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Rs 0.05 per share
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call
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Taxes

  India Infoline Limited 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

  India Infoline Limited ProStocks
Equity Delivery 0.00325% NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.00325% NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.0021% NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.051% on premium NSE: 0.050% | BSE: 0.0025%
Currency Futures 0.0021% NSE: 0.0011% | BSE: 0.0001%
Currency Options 0.051% on premium NSE: 0.040% | BSE: 0.0001%
Commodity 0.0028%
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Exposure

  India Infoline Limited ProStocks
Equity Delivery Upto 3x with 18% interest per year 1x (no margin)
Equity Intraday Upto 20x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 3x 1.5x
Equity Options 3x for shorting 1x (no margin)
Currency Futures Upto 2x 1.5x
Currency Options 2x for shorting 1x (no margin)
Commodity Upto 3x NA
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Share Broker Features

  India Infoline Limited ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets ProStocks, NSE NOW
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM
Other Features Market Mantra, Loyalty Points
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Broker Ratings (Average User Rating)

  India Infoline Limited ProStocks
  103 Customer Reviews    Rate India Infoline (IIFL) 24 Customer Reviews    Rate ProStocks
Fees Ratings 2.9 4.6
Trading Brokerage Rating 2.7 4.4
Trading Platform Usability 3.3 2.9
Customer Service Ratings 2.7 3.1
Overall Ratings Rated 2.7 stars Rated 3.3 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited ProStocks
Contact / Request Call Back
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Investment Options Available

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

  India Infoline Limited ProStocks
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

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

  India Infoline Limited ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  India Infoline Limited ProStocks
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  India Infoline Limited ProStocks
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

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 India Infoline (IIFL) Enquire about ProStocks
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