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.
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
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 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
Charge | ProStocks | Groww |
---|---|---|
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) |
Charge | ProStocks | Groww |
---|---|---|
Plan Name | Unlimited Plan | Standard Plan |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | ₹0 | ₹20 or 0.01% of executed order value |
Equity Futures | ₹0 | N/A |
Equity Options | ₹0 | N/A |
Currency Futures | ₹0 | N/A |
Currency Options | ₹0 | N/A |
Commodity Options | N/A | N/A |
Mutual Fund | N/A | N/A |
Segment | ProStocks | Groww |
---|---|---|
Equity Delivery | 1x (no margin) | N/A |
Equity Intraday | 7x (Margin intraday sq off) | N/A |
Equity Future | 2x | N/A |
Equity Options | 1x (no margin) | N/A |
Currency Future | 1.5x | N/A |
Currency Options | 1x (no margin) | N/A |
Commodity Future | N/A | N/A |
Commodity Options | N/A | N/A |