ProStocks vs Groww Comparison: 2024

About ProStocks

Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies.  It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.

ProStocks: An Overview

It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and

About Groww

Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.

Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.

Groww: A Quick Review

Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and

ProStocks vs Groww Account Opening Charges: 2024

ChargeProStocksGroww
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹200
Trading Account AMC₹0₹0
Demat Account AMC₹0 (with ₹1000 one time refundable deposit)₹300 p.a. (wherein ₹25 charged quarterly)

ProStocks vs Groww Brokerage Charges and Plans : 2024

ChargeProStocksGroww
Plan NameUnlimited PlanStandard Plan
Equity Delivery₹0₹0
Equity Intraday₹0₹20 or 0.01% of executed order value
Equity Futures₹0N/A
Equity Options₹0N/A
Currency Futures₹0N/A
Currency Options₹0N/A
Commodity OptionsN/AN/A
Mutual FundN/AN/A

ProStocks vs Groww Margin / Exposure: 2024

SegmentProStocksGroww
Equity Delivery1x (no margin)N/A
Equity Intraday7x (Margin intraday sq off)N/A
Equity Future2xN/A
Equity Options1x (no margin)N/A
Currency Future1.5xN/A
Currency Options1x (no margin)N/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A
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