Upstox Vs Prostocks (Compare Upstox and Prostocks)


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


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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Upstox Vs Prostocks

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Upstox Prostocks
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE
Year of Incorporation 2012 2016
Number of Branches 4 1
Open an Online Trading Account with Upstox.Open an Online Trading Account with Prostocks.
Open Upstox AccountOpen Prostocks Account
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Upstox Vs Prostocks Charges & AMC

Upstox trading account opening charges is Rs 249 while Prostocks account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 300 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  Upstox Prostocks
Trading Account Opening Charges Rs 249 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Lifetime Zero AMC)
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Upstox Vs Prostocks Brokerage Charges & Plans

Upstox Vs Prostocks Brokerage

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

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

Upstox Vs Prostocks Brokerage Plan 2

  Upstox Prostocks
Account Type Default Unlimited Equity Trading Plan
Fixed Charges NA Rs 899
Equity Delivery Rs 0 (Free) Rs 0
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Rs 0
Equity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 0
Equity Options Rs 20 per executed order Rs 0
Currency Futures Rs 20 per executed order or 0.05% whichever is lower NA
Currency Options Rs 20 per executed order NA
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Open Upstox AccountOpen Prostocks Account

Upstox Vs Prostocks Brokerage Plan 3

  Upstox Prostocks
Account Type Default Unlimited Currency Trading Plan
Fixed Charges NA Rs 499
Equity Delivery Rs 0 (Free) NA
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower NA
Equity Futures Rs 20 per executed order or 0.05% whichever is lower NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 0
Currency Options Rs 20 per executed order Rs 0
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower NA
Commodity Options Rs 20 per executed order NA
Open Upstox AccountOpen Prostocks Account

Upstox Charges Vs Prostocks

Minimum Brokerage 0.05% Rs 0
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Upstox Vs Prostocks Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (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).

  Upstox Prostocks
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 345 per Cr (0.00345%) | 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 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
Open Upstox AccountOpen Prostocks Account
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Upstox Vs Prostocks Leverage (Margin)

Upstox 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.

  Upstox 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)
Open Upstox AccountOpen Prostocks Account
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Compare Upstox and Prostocks Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Prostocks offers ProStocks, NSE NOW trading software.

  Upstox Prostocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola ProStocks, NSE NOW
Intraday Square-off Time 3:00 PM Equity 3:15 PM | Curr: 4:45 PM
Other Features Option strategy builder
Referral Program Yes
Open Upstox AccountOpen Prostocks Account
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Upstox Vs Prostocks Review

Upstox is rated 2.4 of 5 based on 114 customer reviews whereas Prostocks is rated 3.2 of 5 based on 35 customer reviews.

  Upstox Prostocks
  114 Customer Reviews    Rate Upstox 35 Customer Reviews    Rate Prostocks
Fees 3.4 4.6
Brokerage 3.5 4.3
Trading Platform 2.6 2.8
Customer Service 2.3 3.2
Research Capabilities 2.3 2.4
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating Upstox is rated 2.4 of 5 based on 114 customer reviews Prostocks is rated 3.2 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Prostocks Enquire
Contact Broker 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 online 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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Upstox Vs Prostocks Investment Options

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

  Upstox Prostocks
Bracket Order No No
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) No No
Open Upstox AccountOpen Prostocks Account
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Upstox Vs Prostocks Research Report

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

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

  Upstox Prostocks
Pros
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • 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
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews Useful articles about ProStocks:
Promo / Offers

Free Equity Delivery Trading & Mutual Funds

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

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.

Open Upstox AccountOpen Prostocks Account

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