Zerodha Vs Prostocks (Compare Zerodha and Prostocks)


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


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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Zerodha Vs Prostocks

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Zerodha Prostocks
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE
Year of Incorporation 2010 2016
Number of Branches 22 1
Open an Online Trading Account with Zerodha.Open an Online Trading Account with Prostocks.
Open Zerodha AccountOpen Prostocks Account
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Zerodha Vs Prostocks Charges & AMC

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

  Zerodha Prostocks
Trading Account Opening Charges Rs 200 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Lifetime Zero AMC)
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Zerodha Vs Prostocks Brokerage Charges & Plans

Zerodha Vs Prostocks Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15.

  Zerodha Prostocks
Account Type Flat Brokerage Plan Flat Rate Plan
Fixed Charges
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 15
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 15
Equity Options Rs 20 per executed order Rs 15
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 15
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 15
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order or .03% whichever is lower 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 with Zerodha 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.

Zerodha Vs Prostocks Brokerage Plan 2

  Zerodha Prostocks
Account Type Flat Brokerage Plan Unlimited Equity Trading Plan
Fixed Charges Rs 899
Equity Delivery Rs 0 (Free) Rs 0
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 0
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 0
Equity Options Rs 20 per executed order Rs 0
Currency Futures Rs 20 per executed order or .03% whichever is lower NA
Currency Options Rs 20 per executed order or .03% whichever is lower NA
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order or .03% whichever is lower NA
Open Zerodha AccountOpen Prostocks Account

Zerodha Vs Prostocks Brokerage Plan 3

  Zerodha Prostocks
Account Type Flat Brokerage Plan Unlimited Currency Trading Plan
Fixed Charges Rs 499
Equity Delivery Rs 0 (Free) NA
Equity Intraday Rs 20 per executed order or .03% whichever is lower NA
Equity Futures Rs 20 per executed order or .03% whichever is lower NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 0
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 0
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order or .03% whichever is lower NA
Open Zerodha AccountOpen Prostocks Account

Zerodha Charges Vs Prostocks

Minimum Brokerage 0.03% in Intraday and F&O Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per executed order Rs 0 (Free)
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Zerodha Vs Prostocks Transaction Charges

Zerodha 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).

  Zerodha 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 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%)
Open Zerodha AccountOpen Prostocks Account
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Zerodha Vs Prostocks Leverage (Margin)

Zerodha 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.

  Zerodha 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 Zerodha AccountOpen Prostocks Account
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Compare Zerodha and Prostocks Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Prostocks offers ProStocks, NSE NOW trading software.

  Zerodha Prostocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 Kite Web, Kite Mobile for Android/iOS and Coin ProStocks, NSE NOW
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close Equity 3:15 PM | Curr: 4:45 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
Open Zerodha AccountOpen Prostocks Account
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Zerodha Vs Prostocks Review

Zerodha is rated 3.7 of 5 based on 433 customer reviews whereas Prostocks is rated 3.2 of 5 based on 35 customer reviews.

  Zerodha Prostocks
  433 Customer Reviews    Rate Zerodha 35 Customer Reviews    Rate Prostocks
Fees 3.7 4.6
Brokerage 4.2 4.3
Trading Platform 3.6 2.8
Customer Service 3.4 3.2
Research Capabilities 2.7 2.4
Overall Ratings Rated 3.7 stars Rated 3.2 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 433 customer reviews Prostocks is rated 3.2 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  Zerodha 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 with Zerodha 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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Zerodha Vs Prostocks Investment Options

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

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

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

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

  Zerodha Prostocks
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is 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
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
Reviews Useful articles about ProStocks:
Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

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

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 Zerodha AccountOpen Prostocks Account

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