ProStocks vs Fyers 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 Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
ProStocks vs Fyers Account Opening Charges: 2024
| Charge | ProStocks | Fyers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹400 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹300 |
ProStocks vs Fyers Brokerage Charges and Plans : 2024
| Charge | ProStocks | Fyers |
|---|---|---|
| Plan Name | Unlimited Plan | Flat Fee Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹0 | ₹20 per executed order or 0.03% whichever is less |
| Equity Futures | ₹0 | ₹20 per executed order or 0.03% whichever is less |
| Equity Options | ₹0 | ₹20 per executed order |
| Currency Futures | ₹0 | ₹20 per executed order or 0.03% whichever is less |
| Currency Options | ₹0 | ₹20 per executed order |
| Commodity Options | N/A | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ProStocks vs Fyers Margin / Exposure: 2024
| Segment | ProStocks | Fyers |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 5x |
| Equity Future | 2x | Upto 4x |
| Equity Options | 1x (no margin) | Upto 5x |
| Currency Future | 1.5x | Upto 3x |
| Currency Options | 1x (no margin) | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | Upto 3x |