ProStocks vs Angel Broking 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 Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
ProStocks vs Angel Broking Account Opening Charges: 2024
| Charge | ProStocks | Angel Broking |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹600 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹450 (from 2nd year onwards) |
ProStocks vs Angel Broking Brokerage Charges and Plans : 2024
| Charge | ProStocks | Angel Broking |
|---|---|---|
| Plan Name | Unlimited Plan | iTrade Prime |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹0 | Flat ₹20 per executed order |
| Equity Futures | ₹0 | Flat ₹20 per executed order |
| Equity Options | ₹0 | Flat ₹20 per executed order |
| Currency Futures | ₹0 | Flat ₹20 per executed order |
| Currency Options | ₹0 | Flat ₹20 per executed order |
| Commodity Options | N/A | Flat ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ProStocks vs Angel Broking Margin / Exposure: 2024
| Segment | ProStocks | Angel Broking |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 3x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 10x |
| Equity Future | 2x | Upto 4x |
| Equity Options | 1x (no margin) | 3x for shorting |
| Currency Future | 1.5x | Upto 2x |
| Currency Options | 1x (no margin) | Upto 5x for shorting |
| Commodity Future | N/A | 3x |
| Commodity Options | N/A | N/A |