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TradeSmart Vs Prostocks (Compare TradeSmart and Prostocks)

VNS Finance & Capital Services Ltd Logo

About TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd

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 pl... Know more about Prostocks

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TradeSmart Vs Prostocks

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

  TradeSmart Prostocks
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE
Year of Incorporation 1994 2016
Number of Branches 1 1
Open TradeSmart AccountOpen Prostocks Account

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TradeSmart Vs Prostocks Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Prostocks account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  TradeSmart Prostocks
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Lifetime Zero AMC)

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TradeSmart Vs Prostocks Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order.

Account Type TradeSmart Power Plan Prostocks Flat Rate Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 0 (Free)
Equity Intraday Rs 15 per order Rs 15 per executed order
Equity Futures Rs 15 per order Rs 15 per executed order
Equity Options Rs 15 per order Rs 15 per executed order
Currency Futures Rs 15 per order Rs 15 per executed order
Currency Options Rs 15 per order Rs 15 per executed order
Commodity Futures Rs 15 per order NA
Commodity Options Rs 15 per order NA
Special Offer
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
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.

TradeSmart Vs Prostocks Brokerage Plan 2

  TradeSmart Prostocks
Account Type Value Plan Unlimited Equity Trading Plan
Fixed Charges Rs 899
Equity Delivery 0.07% Rs 0
Equity Intraday 0.007% Rs 0
Equity Futures 0.007% Rs 0
Equity Options Rs 7 Per Lot Rs 0
Currency Futures 0.007% NA
Currency Options Rs 7 Per Lot NA
Commodity Futures 0.007% NA
Commodity Options Rs 7 Per Lot NA
Open TradeSmart AccountOpen Prostocks Account

TradeSmart Vs Prostocks Brokerage Plan 3

  TradeSmart Prostocks
Account Type Power Plan Unlimited Currency Trading Plan
Fixed Charges NA Rs 499
Equity Delivery Rs 15 per order NA
Equity Intraday Rs 15 per order NA
Equity Futures Rs 15 per order NA
Equity Options Rs 15 per order NA
Currency Futures Rs 15 per order Rs 0
Currency Options Rs 15 per order Rs 0
Commodity Futures Rs 15 per order NA
Commodity Options Rs 15 per order NA
Open TradeSmart AccountOpen Prostocks Account

TradeSmart Charges Vs Prostocks

Minimum Brokerage Rs 15 per executed order Rs 0
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 per executed order Rs 0 (Free)

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TradeSmart Vs Prostocks Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Prostocks exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  TradeSmart Prostocks
Equity Delivery 0.0035% NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday 0.0035% NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures 0.0024% NSE Rs 200 per Cr (0.002%) | BSE Rs 0
Equity Options 0.0715% NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures 0.00165% NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options 0.06% NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity 0.0039%
Open TradeSmart AccountOpen Prostocks Account

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TradeSmart Vs Prostocks Leverage (Margin)

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

  TradeSmart Prostocks
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)
Open TradeSmart AccountOpen Prostocks Account

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Compare TradeSmart and Prostocks Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Prostocks offers ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API trading software.

  TradeSmart Prostocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform NEST, NOW, Spin ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing Equity 3:15 PM | Curr: 4:45 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes Yes
Other Features
Open TradeSmart AccountOpen Prostocks Account

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TradeSmart Vs Prostocks Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Prostocks is rated 3.3 of 5 based on 41 customer reviews.

  TradeSmart Prostocks
  67 Customer Reviews    Rate TradeSmart 41 Customer Reviews    Rate Prostocks
Fees 3.8 4.6
Brokerage 4.4 4.2
Trading Platform 3.8 2.9
Customer Service 4.0 3.2
Research Capabilities 2.7 2.0
Overall Ratings Rated 4.0 stars Rated 3.3 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Prostocks is rated 3.3 of 5 based on 41 customer reviews

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Contact Broker / Request A Call Back

  TradeSmart Enquire Prostocks Enquire
Contact Broker Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. 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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TradeSmart Vs Prostocks Investment Options

  TradeSmart Prostocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options

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TradeSmart Vs Prostocks Order Type Offered

  TradeSmart Prostocks
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open TradeSmart AccountOpen Prostocks Account

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TradeSmart Vs Prostocks Research Report

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

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TradeSmart Vs Prostocks Suitable For Investor Type

  TradeSmart Prostocks
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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TradeSmart Vs Prostocks - Pros and Cons

  TradeSmart Prostocks
Pros
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
  • 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
  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
Reviews Useful Articles:

ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market.

ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds.

The Top 10 Reasons to Trade with ProStocks

Promo / Offers

TradeSmart Special Offer

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

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.

Open TradeSmart AccountOpen Prostocks Account

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