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ProStocks Vs Finvasia Share Broker Comparison

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

  ProStocks Finvasia Securities Pvt Ltd
 
ProStocks Logo Finvasia Securities Pvt Ltd 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 Finvasia is India based technology–driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset manageme... Know more about Finvasia Securities Pvt Ltd
Type of Broker Discount Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type Flat Fee Plan Standard
Broker Enquiry Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

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

Brokerage Plan 1

  ProStocks Finvasia Securities Pvt Ltd
Account Type Flat Fee Plan Standard
Fixed Charges
Equity Delivery Brokerage ₹15 ₹0
Equity Intraday Brokerage ₹15 ₹0
Equity Futures Brokerage ₹15 ₹0
Equity Options Brokerage ₹15 ₹0
Currency Futures Trading Brokerage ₹15 ₹0
Currency Options Trading Brokerage ₹15 ₹0
Commodity Futures Trading Brokerage ₹0
Commodity Options Trading Brokerage

Brokerage Plan 2

  ProStocks Finvasia Securities Pvt Ltd
Account Type Monthly Unlimited Equity Standard
Fixed Charges ₹899 NA
Equity Delivery Brokerage ₹0 ₹0
Equity Intraday Brokerage ₹0 ₹0
Equity Futures Brokerage ₹0 ₹0
Equity Options Brokerage ₹0 ₹0
Currency Futures Trading Brokerage ₹0
Currency Options Trading Brokerage ₹0
Commodity Futures Trading Brokerage ₹0
Commodity Options Trading Brokerage

Brokerage Plan 3

  ProStocks Finvasia Securities Pvt Ltd
Account Type Monthly Unlimited Currency Standard
Fixed Charges ₹499 NA
Equity Delivery Brokerage ₹0
Equity Intraday Brokerage ₹0
Equity Futures Brokerage ₹0
Equity Options Brokerage ₹0
Currency Futures Trading Brokerage ₹0 ₹0
Currency Options Trading Brokerage ₹0 ₹0
Commodity Futures Trading Brokerage ₹0
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges None
Call & Trade Charges ₹0
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Taxes

  ProStocks Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
Equity Delivery NSE: 0.00325% | BSE: 0.00275% ₹325/crore
Equity Intraday NSE: 0.00325% | BSE: 0.00275% ₹325/crore
Equity Futures NSE: 0.0019% | BSE: 0.0005% ₹190/crore
Equity Options NSE: 0.050% | BSE: 0.0025% ₹5000/crore of premium
Currency Futures NSE: 0.0011% | BSE: 0.0001% ₹115/crore
Currency Options NSE: 0.040% | BSE: 0.0001% ₹4000/crore of premium
Commodity ₹260/crore
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Exposure

  ProStocks Finvasia Securities Pvt Ltd
Equity Delivery 1x (no margin) 1x
Equity Intraday 7x (Margin intraday sq off) | 10x (Cover Order) up to 10x
Equity Futures 1.5x 2x
Equity Options 1x (no margin) 1x
Currency Futures 1.5x 1x
Currency Options 1x (no margin) 1x
Commodity NA 2x
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Share Broker Features

  ProStocks Finvasia Securities Pvt Ltd
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 No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform ProStocks, NSE NOW Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging.
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Broker Ratings (Average User Rating)

  ProStocks Finvasia Securities Pvt Ltd
  24 Customer Reviews    Rate ProStocks 9 Customer Reviews    Rate Finvasia
Fees Ratings 4.6 4.4
Trading Brokerage Rating 4.4 4.8
Trading Platform Usability 2.9 3.0
Customer Service Ratings 3.1 4.7
Overall Ratings Rated 3.3 stars Rated 4.7 stars
Broker Rating ProStocks is Rated 3.3 / 5 based on 24 customer reviews Finvasia is Rated 4.7 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

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

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

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

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

  ProStocks Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  ProStocks Finvasia Securities Pvt Ltd
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...

  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.

More Advantages...

Cons

More Disadvantages...

  • Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding. The company is planning to launch this service in future.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.

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 ProStocks Enquire about Finvasia
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