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Prostocks Vs Groww (Compare Prostocks and Groww)

Prostocks Logo

About 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

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Prostocks Vs Groww

Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Prostocks Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE NSE and BSE
Year of Incorporation 2016 2016
Number of Branches 1 0
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Prostocks Vs Groww Charges & AMC

Prostocks trading account opening charges is Rs 0 while Groww account opening changes is Rs 0. Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC) and Groww Demat Account AMC Charges is Rs 0.

  Prostocks Groww
Trading Account Opening Charges Rs 0 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 0 (Lifetime Zero AMC) Rs 0

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Prostocks Vs Groww Brokerage

Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Prostocks Flat Rate Plan Groww Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 15 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per executed order Rs 20 per executed order
Equity Options Rs 15 per executed order Rs 20 per executed order
Currency Futures Rs 15 per executed order NA
Currency Options Rs 15 per executed order NA
Commodity Futures NA NA
Commodity Options NA NA
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.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Prostocks Vs Groww Brokerage Plan 2

  Prostocks Groww
Account Type Unlimited Equity Trading Plan Standard Plan
Fixed Charges Rs 899 NA
Equity Delivery Rs 0 Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 0 Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 0 Rs 20 per executed order
Equity Options Rs 0 Rs 20 per executed order
Currency Futures NA NA
Currency Options NA NA
Commodity Futures NA NA
Commodity Options NA NA
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Prostocks Vs Groww Brokerage Plan 3

  Prostocks Groww
Account Type Unlimited Currency Trading Plan Standard Plan
Fixed Charges Rs 499 NA
Equity Delivery NA Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday NA Rs 20 per executed order or 0.05% whichever is lower
Equity Futures NA Rs 20 per executed order
Equity Options NA Rs 20 per executed order
Currency Futures Rs 0 NA
Currency Options Rs 0 NA
Commodity Futures NA NA
Commodity Options NA NA
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Prostocks Charges Vs Groww

Minimum Brokerage Rs 0 Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 0 (Free) NA

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Prostocks Vs Groww 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 Groww exchange transaction charges for options is NSE: 0.053% on premium.

  Prostocks Groww
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%) NSE: 002%
Equity Options NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium) NSE: 0.053% on premium
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NA
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NA
Commodity NA
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Prostocks Vs Groww Leverage (Margin)

Prostocks margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Prostocks Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Prostocks and Groww Features

The trading platforms offered Prostocks include ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API. Groww offers Groww trading software.

  Prostocks Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No No
Margin Against Shares (Equity F&O) No No
Trading Platform ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API Groww
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM 3:10 PM
Trading In SME Shares Allowed? Yes No
Referral Program Yes
Other Features
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Prostocks Vs Groww Review

Prostocks is rated 3.3 of 5 based on 38 customer reviews whereas Groww is rated 4.1 of 5 based on 60 customer reviews.

  Prostocks Groww
  38 Customer Reviews    Rate Prostocks 60 Customer Reviews    Rate Groww
Fees 4.6 4.3
Brokerage 4.3 4.1
Trading Platform 2.9 4.0
Customer Service 3.2 3.8
Research Capabilities 2.1 3.2
Overall Ratings Rated 3.3 stars Rated 4.1 stars
Broker Rating Prostocks is rated 3.3 of 5 based on 38 customer reviews Groww is rated 4.1 of 5 based on 60 customer reviews

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Contact Broker / Request A Call Back

  Prostocks Enquire Groww 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. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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Prostocks Vs Groww Investment Options

  Prostocks Groww
Stock / Equity Yes Yes
Commodity No No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits

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Prostocks Vs Groww Order Type Offered

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

  Prostocks Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Prostocks Vs Groww Suitable For Investor Type

  Prostocks Groww
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Prostocks Vs Groww - Pros and Cons

  Prostocks Groww
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).
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews Useful articles about ProStocks:

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

Prostocks Special Offer

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 algo trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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