ProStocks vs Edelweiss 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 Edelweiss
Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Edelweiss Broking Ltd: An Overview
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
ProStocks vs Edelweiss Account Opening Charges: 2024
| Charge | ProStocks | Edelweiss |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹500 p.a. (For 1st year: Free) |
ProStocks vs Edelweiss Brokerage Charges and Plans : 2024
| Charge | ProStocks | Edelweiss |
|---|---|---|
| Plan Name | Unlimited Plan | Lite Plan |
| Equity Delivery | ₹0 | ₹10 per executed order |
| Equity Intraday | ₹0 | ₹10 per executed order |
| Equity Futures | ₹0 | ₹10 per executed order |
| Equity Options | ₹0 | ₹10 per executed order |
| Currency Futures | ₹0 | ₹10 per executed order |
| Currency Options | ₹0 | ₹10 per executed order |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ProStocks vs Edelweiss Margin / Exposure: 2024
| Segment | ProStocks | Edelweiss |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 10x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 40x |
| Equity Future | 2x | 40x |
| Equity Options | 1x (no margin) | Nil |
| Currency Future | 1.5x | 1.5x |
| Currency Options | 1x (no margin) | Nil |
| Commodity Future | N/A | Upto 6x |
| Commodity Options | N/A | N/A |