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Karvy Vs ProStocks Share Broker Comparison

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

  Karvy Stock Broking Ltd ProStocks
 
Karvy Stock Broking Ltd Logo ProStocks Logo
About the Broker Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institut... Know more about Karvy Stock Broking 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 Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE
Account Type Retail Brokerage Plan Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Karvy. 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

  Karvy Stock Broking Ltd ProStocks
Trading Account Opening Fees ₹420 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹420 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Karvy Stock Broking Ltd ProStocks
Account Type Retail Brokerage Plan Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.3% ₹15
Equity Intraday Brokerage 0.03% ₹15
Equity Futures Brokerage 0.03% ₹15
Equity Options Brokerage ₹30 per lot ₹15
Currency Futures Trading Brokerage 0.03% ₹15
Currency Options Trading Brokerage ₹30 per lot ₹15
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Karvy Stock Broking Ltd ProStocks
Account Type Premium Subscription Plan Monthly Unlimited Equity
Fixed Charges Rs 100000 per year ₹899
Equity Delivery Brokerage 0.1% ₹0
Equity Intraday Brokerage 0.01% ₹0
Equity Futures Brokerage 0.01% ₹0
Equity Options Brokerage ₹10 per lot ₹0
Currency Futures Trading Brokerage 0.01%
Currency Options Trading Brokerage ₹10 per lot
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Karvy Stock Broking Ltd ProStocks
Account Type Retail Brokerage Plan Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.3%
Equity Intraday Brokerage 0.03%
Equity Futures Brokerage 0.03%
Equity Options Brokerage ₹30 per lot
Currency Futures Trading Brokerage 0.03% ₹0
Currency Options Trading Brokerage ₹30 per lot ₹0
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges
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Taxes

  Karvy Stock Broking 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

  Karvy Stock Broking Ltd ProStocks
Equity Delivery ₹325 NSE: 0.00325% | BSE: 0.00275%
Equity Intraday ₹325 NSE: 0.00325% | BSE: 0.00275%
Equity Futures ₹230 NSE: 0.0019% | BSE: 0.0005%
Equity Options ₹5500 NSE: 0.050% | BSE: 0.0025%
Currency Futures ₹325 NSE: 0.0011% | BSE: 0.0001%
Currency Options NSE: 0.040% | BSE: 0.0001%
Commodity ₹300
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Exposure

  Karvy Stock Broking Ltd ProStocks
Equity Delivery Upto 5x with 24% interest per year 1x (no margin)
Equity Intraday Upto 20x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 4x 1.5x
Equity Options Upto 4x for shorting 1x (no margin)
Currency Futures Nil 1.5x
Currency Options Nil 1x (no margin)
Commodity Upto 4x NA
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Share Broker Features

  Karvy Stock Broking Ltd ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 NEST, Karvy Web, Trade Mobile ProStocks, NSE NOW
Intraday Square-off Time 3:15 Equity 3:15 PM | Curr: 4:45 PM
Other Features Ask the expert, The Finapolis
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Broker Ratings (Average User Rating)

  Karvy Stock Broking Ltd ProStocks
  21 Customer Reviews    Rate Karvy 24 Customer Reviews    Rate ProStocks
Fees Ratings 2.7 4.6
Trading Brokerage Rating 2.4 4.4
Trading Platform Usability 2.8 2.9
Customer Service Ratings 2.4 3.1
Overall Ratings Rated 2.1 stars Rated 3.3 stars
Broker Rating Karvy is Rated 2.1 / 5 based on 21 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Karvy Stock Broking Ltd ProStocks
Contact / Request Call Back
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Investment Options Available

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

  Karvy Stock Broking Ltd ProStocks
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

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

  Karvy Stock Broking Ltd 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

  Karvy Stock Broking Ltd ProStocks
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Karvy Stock Broking Ltd ProStocks
Pros
  1. Offers investment in IPO and Mutual funds
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
Promo / Offers

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 Karvy Enquire about ProStocks
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