Religare Vs Prostocks (Compare Religare and Prostocks)


Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare


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

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Religare Vs Prostocks

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Religare Prostocks
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE
Year of Incorporation 1994 2016
Number of Branches 1500 1
Open an Online Trading Account with Religare.Open an Online Trading Account with Prostocks.
Enquire ReligareOpen Prostocks Account
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Religare Vs Prostocks Charges & AMC

Religare trading account opening charges is Rs 500 while Prostocks account opening changes is Rs 0. Religare Demat Account AMC Charges is Rs 400 from second year onward and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  Religare Prostocks
Trading Account Opening Charges Rs 500 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 400 from second year onward Rs 0 (Lifetime Zero AMC)
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Religare Vs Prostocks Brokerage Charges & Plans

Religare Vs Prostocks Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15.

  Religare Prostocks
Account Type My Saver Online Plan Flat Rate Plan
Fixed Charges
Equity Delivery 0.50% to 0.10% Rs 0 (Free)
Equity Intraday 0.050% to 0.010% Rs 15
Equity Futures 0.05% Rs 15
Equity Options Rs 70 per lot Rs 15
Currency Futures 0.05% Rs 15
Currency Options Rs 30 per lot Rs 15
Commodity Futures 0.05% NA
Commodity Options Rs 30 per lot NA
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the 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.

Religare Vs Prostocks Brokerage Plan 2

  Religare Prostocks
Account Type My Saver Online Plan Unlimited Equity Trading Plan
Fixed Charges Rs 899
Equity Delivery 0.50% to 0.10% Rs 0
Equity Intraday 0.050% to 0.010% Rs 0
Equity Futures 0.05% Rs 0
Equity Options Rs 70 per lot Rs 0
Currency Futures 0.05% NA
Currency Options Rs 30 per lot NA
Commodity Futures 0.05% NA
Commodity Options Rs 30 per lot NA
Enquire ReligareOpen Prostocks Account

Religare Vs Prostocks Brokerage Plan 3

  Religare Prostocks
Account Type My Saver Online Plan Unlimited Currency Trading Plan
Fixed Charges Rs 499
Equity Delivery 0.50% to 0.10% NA
Equity Intraday 0.050% to 0.010% NA
Equity Futures 0.05% NA
Equity Options Rs 70 per lot NA
Currency Futures 0.05% Rs 0
Currency Options Rs 30 per lot Rs 0
Commodity Futures 0.05% NA
Commodity Options Rs 30 per lot NA
Enquire ReligareOpen Prostocks Account

Religare Charges Vs Prostocks

Minimum Brokerage 1p per share Rs 0
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 0 (Free)
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Religare Vs Prostocks Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Prostocks exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium).

  Religare Prostocks
Equity Delivery 0.0037% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0037% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.004% NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options 0.06% on Premium NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures 0.004% NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options 0.06% on Premium NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity 0.0035%
Enquire ReligareOpen Prostocks Account
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Religare Vs Prostocks Leverage (Margin)

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

  Religare Prostocks
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)
Enquire ReligareOpen Prostocks Account
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Compare Religare and Prostocks Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Prostocks offers ProStocks, NSE NOW trading software.

  Religare 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 No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Odin Diet, Web, Dynami ProStocks, NSE NOW
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
Enquire ReligareOpen Prostocks Account
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Religare Vs Prostocks Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Prostocks is rated 3.2 of 5 based on 35 customer reviews.

  Religare Prostocks
  77 Customer Reviews    Rate Religare 35 Customer Reviews    Rate Prostocks
Fees 3.2 4.6
Brokerage 3.1 4.3
Trading Platform 3.0 2.8
Customer Service 2.9 3.2
Research Capabilities 3.2 2.4
Overall Ratings Rated 2.9 stars Rated 3.2 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Prostocks is rated 3.2 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Prostocks Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the 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.
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Religare Vs Prostocks Investment Options

  Religare Prostocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Religare Vs Prostocks Order Type Offered

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

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

  Religare Prostocks
Casual Investor Yes
Active Investor Yes
Trader Yes
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Religare Vs Prostocks - Pros and Cons

  Religare Prostocks
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • 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).
Cons
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
Reviews Useful articles about ProStocks:
Promo / Offers

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

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.

Enquire ReligareOpen Prostocks Account

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