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Religare Vs ProStocks Share Broker Comparison

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

  Religare ProStocks
 
Religare Logo ProStocks Logo
About the Broker 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 s... Know more about Religare 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
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE
Account Type My Saver Online Plan Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you. 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

  Religare ProStocks
Trading Account Opening Fees ₹500 ₹0
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹0
Demat Account AMC ₹400 from second year onward ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Religare ProStocks
Account Type My Saver Online Plan Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹15
Equity Intraday Brokerage 0.050% to 0.010% ₹15
Equity Futures Brokerage 0.05% ₹15
Equity Options Brokerage ₹70 per lot ₹15
Currency Futures Trading Brokerage 0.05% ₹15
Currency Options Trading Brokerage ₹30 per lot ₹15
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 2

  Religare ProStocks
Account Type My Saver Online Plan Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage 0.50% to 0.10% ₹0
Equity Intraday Brokerage 0.050% to 0.010% ₹0
Equity Futures Brokerage 0.05% ₹0
Equity Options Brokerage ₹70 per lot ₹0
Currency Futures Trading Brokerage 0.05%
Currency Options Trading Brokerage ₹30 per lot
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 3

  Religare ProStocks
Account Type My Saver Online Plan Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.50% to 0.10%
Equity Intraday Brokerage 0.050% to 0.010%
Equity Futures Brokerage 0.05%
Equity Options Brokerage ₹70 per lot
Currency Futures Trading Brokerage 0.05% ₹0
Currency Options Trading Brokerage ₹30 per lot ₹0
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot

Other Charges

Minimum Brokerage Charges 1p per share
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max Rs 50 per day)
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Taxes

  Religare ProStocks
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

  Religare ProStocks
Equity Delivery 0.0037% NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.0037% NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.004% NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.06% on Premium NSE: 0.050% | BSE: 0.0025%
Currency Futures 0.004% NSE: 0.0011% | BSE: 0.0001%
Currency Options 0.06% on Premium NSE: 0.040% | BSE: 0.0001%
Commodity 0.0035%
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Exposure

  Religare ProStocks
Equity Delivery Upto 4x with 24% interest per year 1x (no margin)
Equity Intraday Upto 10x 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 3x 1.5x
Equity Options Upto 3x for shorting 1x (no margin)
Currency Futures Upto 2x 1.5x
Currency Options 2x for shorting 1x (no margin)
Commodity Upto 3x NA
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Share Broker Features

  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 Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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Broker Ratings (Average User Rating)

  Religare ProStocks
  71 Customer Reviews    Rate Religare 24 Customer Reviews    Rate ProStocks
Fees Ratings 3.2 4.6
Trading Brokerage Rating 3.1 4.4
Trading Platform Usability 3.0 2.9
Customer Service Ratings 3.0 3.1
Overall Ratings Rated 2.9 stars Rated 3.3 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Religare ProStocks
Contact / Request Call Back
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Investment Options Available

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

  Religare ProStocks
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

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

  Religare ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Religare ProStocks
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Religare ProStocks
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  • 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...

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).

More Disadvantages...

More Disadvantages...

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.

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 Religare Enquire about ProStocks
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