ProStocks vs Finvasia 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 Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
ProStocks vs Finvasia Account Opening Charges: 2024
| Charge | ProStocks | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹0 (Free) |
ProStocks vs Finvasia Brokerage Charges and Plans : 2024
| Charge | ProStocks | Finvasia |
|---|---|---|
| Plan Name | Unlimited Plan | Standard |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹0 | ₹0 |
| Equity Futures | ₹0 | ₹0 |
| Equity Options | ₹0 | ₹0 |
| Currency Futures | ₹0 | ₹0 |
| Currency Options | ₹0 | ₹0 |
| Commodity Options | N/A | ₹0 |
| Mutual Fund | N/A | N/A |
ProStocks vs Finvasia Margin / Exposure: 2024
| Segment | ProStocks | Finvasia |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 10x |
| Equity Future | 2x | 2x |
| Equity Options | 1x (no margin) | 1x |
| Currency Future | 1.5x | 1x |
| Currency Options | 1x (no margin) | 1x |
| Commodity Future | N/A | 2x |
| Commodity Options | N/A | 1x |