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Nirmal Bang Vs ProStocks Share Broker Comparison

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

  Nirmal Bang Securities Pvt Ltd ProStocks
 
Nirmal Bang Securities Pvt Ltd Logo ProStocks Logo
About the Broker Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt 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, NCDEX, NMCE BSE, NSE
Account Type Basic Plan Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Nirmal Bang. 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

  Nirmal Bang Securities Pvt Ltd ProStocks
Trading Account Opening Fees Rs 0 ₹0
Trading Account AMC Rs 0 ₹0
Demat Account Opening Fees Rs 0 ₹0
Demat Account AMC Rs 200 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Nirmal Bang Securities Pvt Ltd ProStocks
Account Type Basic Plan Flat Fee Plan
Fixed Charges NA
Equity Delivery Brokerage 0.2% ₹15
Equity Intraday Brokerage 0.02% ₹15
Equity Futures Brokerage 0.02% ₹15
Equity Options Brokerage Rs 35 ₹15
Currency Futures Trading Brokerage 0.02% ₹15
Currency Options Trading Brokerage Rs 20 ₹15
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Nirmal Bang Securities Pvt Ltd ProStocks
Account Type Basic Plan Monthly Unlimited Equity
Fixed Charges NA ₹899
Equity Delivery Brokerage 0.2% ₹0
Equity Intraday Brokerage 0.02% ₹0
Equity Futures Brokerage 0.02% ₹0
Equity Options Brokerage Rs 35 ₹0
Currency Futures Trading Brokerage 0.02%
Currency Options Trading Brokerage Rs 20
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Nirmal Bang Securities Pvt Ltd ProStocks
Account Type Basic Plan Monthly Unlimited Currency
Fixed Charges NA ₹499
Equity Delivery Brokerage 0.2%
Equity Intraday Brokerage 0.02%
Equity Futures Brokerage 0.02%
Equity Options Brokerage Rs 35
Currency Futures Trading Brokerage 0.02% ₹0
Currency Options Trading Brokerage Rs 20 ₹0
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges
Other Brokerage Charges
Call & Trade Charges
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Taxes

  Nirmal Bang Securities Pvt 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

  Nirmal Bang Securities Pvt Ltd ProStocks
Equity Delivery ₹390 NSE: 0.00325% | BSE: 0.00275%
Equity Intraday ₹390 NSE: 0.00325% | BSE: 0.00275%
Equity Futures ₹240 NSE: 0.0019% | BSE: 0.0005%
Equity Options ₹5700 NSE: 0.050% | BSE: 0.0025%
Currency Futures ₹240 NSE: 0.0011% | BSE: 0.0001%
Currency Options ₹5700 NSE: 0.040% | BSE: 0.0001%
Commodity ₹250
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Exposure

  Nirmal Bang Securities Pvt Ltd ProStocks
Equity Delivery upto 10x 1x (no margin)
Equity Intraday Upto 4x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 4x 1.5x
Equity Options Upto 2x for shorting 1x (no margin)
Currency Futures Upto 2x for shorting 1.5x
Currency Options Upto 3x 1x (no margin)
Commodity Upto 3x NA
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Share Broker Features

  Nirmal Bang Securities Pvt Ltd ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App ProStocks, NSE NOW
Intraday Square-off Time 3:15 Equity 3:15 PM | Curr: 4:45 PM
Other Features
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Broker Ratings (Average User Rating)

  Nirmal Bang Securities Pvt Ltd ProStocks
  14 Customer Reviews    Rate Nirmal Bang 24 Customer Reviews    Rate ProStocks
Fees Ratings 3.7 4.6
Trading Brokerage Rating 3.5 4.4
Trading Platform Usability 2.7 2.9
Customer Service Ratings 2.5 3.1
Overall Ratings Rated 2.6 stars Rated 3.3 stars
Broker Rating Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Securities Pvt Ltd ProStocks
Contact / Request Call Back
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Investment Options Available

  Nirmal Bang Securities Pvt 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

  Nirmal Bang Securities Pvt Ltd ProStocks
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

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

  Nirmal Bang Securities Pvt 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

  Nirmal Bang Securities Pvt Ltd ProStocks
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Nirmal Bang Securities Pvt Ltd ProStocks
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the 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 Nirmal Bang Enquire about ProStocks
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