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ProStocks Vs Alice Blue Share Broker Comparison

The side-by-side comparison of ProStocks and Alice Blue Financial Services stock brokers in India. The comparison below highlights the similarities and differences between ProStocks and Alice Blue'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 ProStocks and Alice Blue.

  ProStocks Alice Blue Financial Services
 
ProStocks Logo Alice Blue Financial Services Logo
About the Broker 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 Incorporated in 2006, Alice Blue is a Bangalore based financial service provider. AliceBlue is a discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) throu... Know more about Alice Blue Financial Services
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type Flat Fee Plan F20
Broker Enquiry 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

  ProStocks Alice Blue Financial Services
Trading Account Opening Fees ₹0 Equity ₹310 | Commodity ₹120
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹0 per year (Lifetime Zero AMC) ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ProStocks Alice Blue Financial Services
Account Type Flat Fee Plan F20
Fixed Charges
Equity Delivery Brokerage ₹15 ₹0 (Free)
Equity Intraday Brokerage ₹15 ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage ₹15 ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹15 ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage ₹15 ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹15 ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  ProStocks Alice Blue Financial Services
Account Type Monthly Unlimited Equity F20
Fixed Charges ₹899
Equity Delivery Brokerage ₹0 ₹0 (Free)
Equity Intraday Brokerage ₹0 ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage ₹0 ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹0 ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Brokerage Plan 3

  ProStocks Alice Blue Financial Services
Account Type Monthly Unlimited Currency F20
Fixed Charges ₹499
Equity Delivery Brokerage ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage ₹0 ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹0 ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per executed order
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Taxes

  ProStocks Alice Blue Financial Services
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

  ProStocks Alice Blue Financial Services
Equity Delivery NSE: 0.00325% | BSE: 0.00275% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday NSE: 0.00325% | BSE: 0.00275% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures NSE: 0.0019% | BSE: 0.0005% NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options NSE: 0.050% | BSE: 0.0025% NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures NSE: 0.0011% | BSE: 0.0001% NSE ₹135 per crore (0.00135%)
Currency Options NSE: 0.040% | BSE: 0.0001% NSE ₹4400 (on premium) per crore (0.044%)
Commodity Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Exposure

  ProStocks Alice Blue Financial Services
Equity Delivery 1x (no margin) 3x (A category)
Equity Intraday 7x (Margin intraday sq off) | 10x (Cover Order) Up to 20x (based on the stock)
Equity Futures 1.5x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 1x (no margin) Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures 1.5x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 1x (no margin) Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity NA Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin
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Share Broker Features

  ProStocks Alice Blue Financial Services
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform ProStocks, NSE NOW Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM Equity: 3:15PM
Other Features
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Broker Ratings (Average User Rating)

  ProStocks Alice Blue Financial Services
  24 Customer Reviews    Rate ProStocks 16 Customer Reviews    Rate Alice Blue
Fees Ratings 4.6 4.8
Trading Brokerage Rating 4.4 4.5
Trading Platform Usability 2.9 4.5
Customer Service Ratings 3.1 4.0
Overall Ratings Rated 3.3 stars Rated 4.5 stars
Broker Rating ProStocks is Rated 3.3 / 5 based on 24 customer reviews Alice Blue is Rated 4.5 / 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

  ProStocks Alice Blue Financial Services
Contact / Request Call Back
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Investment Options Available

  ProStocks Alice Blue Financial Services
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Customer Service Offered

  ProStocks Alice Blue Financial Services
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Order Type

  ProStocks Alice Blue Financial Services
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  ProStocks Alice Blue Financial Services
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  ProStocks Alice Blue Financial Services
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  ProStocks Alice Blue Financial Services
Pros
  • 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...

  • Discount stock broker.
  • Most advance trading platform.
  • Free equity delivery trades. No brokerage.
  • 01% or Rs 20 whichever is less brokerage for intraday and F&O.
  • Up to 20x margin in equity intraday.
  • Demat AMC is free for lifetime for all customers.

More Advantages...

Cons

More Disadvantages...

  • Online Mutual Fund investment is not available.
  • Margin funding is not available.
  • Good Till Cancelled (GTC) orders not available.
  • Call & Trade is available with additional cost of ₹20 per order.

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.

Free Equity Delivery Trade + Lifetime FREE AMC Demat Account

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.

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