Prostocks Vs Choice Broking (Compare Prostocks and Choice Broking)


Prostocks
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 Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited trading plans. Average share trader save between 60% to 99% on brokerage through this plan. ProSto... Know more about Prostocks


Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited

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Prostocks Vs Choice Broking

Incorporated in , Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India. Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

  Prostocks Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2010
Number of Branches 1 50
Open an Online Trading Account with Prostocks.Open an Online Trading Account with Choice Broking.
Open Prostocks AccountEnquire Choice Broking
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Prostocks Vs Choice Broking Charges & AMC

Prostocks trading account opening charges is Rs 0 while Choice Broking account opening changes is Rs 0 (Free). Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Prostocks Choice Broking
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 0 (Lifetime Zero AMC) Rs 200 or as per plan. (1st year AMC free)
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Prostocks Vs Choice Broking Brokerage Charges & Plans

Prostocks Vs Choice Broking Brokerage

Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Prostocks Choice Broking
Account Type Flat Rate Plan Standard Plan
Fixed Charges
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 15 0.02%
Equity Futures Rs 15 0.02%
Equity Options Rs 15 Rs 25 per lot
Currency Futures Rs 15 0.02%
Currency Options Rs 15 Rs 20 per lot
Commodity Futures NA 0.02%
Commodity Options NA Rs 50 per lot
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.

Prostocks Vs Choice Broking Brokerage Plan 2

  Prostocks Choice Broking
Account Type Unlimited Equity Trading Plan Standard Plan
Fixed Charges Rs 899
Equity Delivery Rs 0 0.20%
Equity Intraday Rs 0 0.02%
Equity Futures Rs 0 0.02%
Equity Options Rs 0 Rs 25 per lot
Currency Futures NA 0.02%
Currency Options NA Rs 20 per lot
Commodity Futures NA 0.02%
Commodity Options NA Rs 50 per lot
Open Prostocks AccountEnquire Choice Broking

Prostocks Vs Choice Broking Brokerage Plan 3

  Prostocks Choice Broking
Account Type Unlimited Currency Trading Plan Standard Plan
Fixed Charges Rs 499
Equity Delivery NA 0.20%
Equity Intraday NA 0.02%
Equity Futures NA 0.02%
Equity Options NA Rs 25 per lot
Currency Futures Rs 0 0.02%
Currency Options Rs 0 Rs 20 per lot
Commodity Futures NA 0.02%
Commodity Options NA Rs 50 per lot
Open Prostocks AccountEnquire Choice Broking

Prostocks Charges Vs Choice Broking

Minimum Brokerage Rs 0
Other Charges
Call & Trade Charges Rs 0 (Free) Rs 0 (Free)
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Prostocks Vs Choice Broking Transaction Charges

Prostocks transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Prostocks Choice Broking
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%) NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per crore (0.04%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Prostocks Vs Choice Broking Leverage (Margin)

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

  Prostocks Choice Broking
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)
Open Prostocks AccountEnquire Choice Broking
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Compare Prostocks and Choice Broking Features

The trading platforms offered Prostocks include ProStocks, NSE NOW. Choice Broking offers Jiffy trading software.

  Prostocks Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform ProStocks, NSE NOW Jiffy
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM 3:15 PM
Other Features
Referral Program Yes
Open Prostocks AccountEnquire Choice Broking
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Prostocks Vs Choice Broking Review

Prostocks is rated 3.1 of 5 based on 34 customer reviews whereas Choice Broking is rated 4.0 of 5 based on 6 customer reviews.

  Prostocks Choice Broking
  34 Customer Reviews    Rate Prostocks 6 Customer Reviews    Rate Choice Broking
Fees 4.6 4.3
Brokerage 4.3 4.2
Trading Platform 2.7 4.3
Customer Service 3.1 3.8
Research Capabilities 2.1 4.0
Overall Ratings Rated 3.1 stars Rated 4.0 stars
Broker Rating Prostocks is rated 3.1 of 5 based on 34 customer reviews Choice Broking is rated 4.0 of 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Prostocks Enquire Choice Broking Enquire
Contact Broker 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. Leave your contact information and we will get in touch with you....
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Prostocks Vs Choice Broking Investment Options

  Prostocks Choice Broking
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Portfolio Management Services, Insurance
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Prostocks Vs Choice Broking Order Type Offered

  Prostocks Choice Broking
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Prostocks Vs Choice Broking Research Report

  Prostocks Choice Broking
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Prostocks Vs Choice Broking Suitable For Investor Type

  Prostocks Choice Broking
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes
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Prostocks Vs Choice Broking - Pros and Cons

  Prostocks Choice Broking
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).
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
Cons
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
Reviews Useful articles about ProStocks:

Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.

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.

Open Prostocks AccountEnquire Choice Broking

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