HDFC Securities vs ProStocks Comparison: 2024
About HDFC Securities
HDFC Securities Ltd, a subsidiary of HDFC Bank. It basically means that you can get a 3-in-1 account service that combines HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account resulting in an amazing trading experience, and above that it also provides a free mutual fund account. It is one of the largest full-service brokers in India with more than 20 lakh customers, including both retail and institutional clients.
HDFC Securities : Overview
HDFC Securites, due to its large customer base, happens to be one of the leading depository participants with both CDSL and NSDL; more than 2.03 million demat accounts with a comprehensive network that has more than 3500 service branches. They have more than 270 branches across 185, catering investment needs of a gigantic diversified customer base including both retail and institutional investors.
HDFC Securities is a registered member of BSE, NSE, IRDA, PFRDA, AMFI,
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
HDFC Securities vs ProStocks Account Opening Charges: 2024
| Charge | HDFC Securities | ProStocks |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹0 (with ₹1000 one time refundable deposit) |
HDFC Securities vs ProStocks Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | ProStocks |
|---|---|---|
| Plan Name | Basic | Unlimited Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | ₹0 |
| Equity Futures | 0.05% | ₹0 |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹0 |
| Currency Futures | ₹23 per contract | ₹0 |
| Currency Options | ₹20 per contract | ₹0 |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | N/A |
| Mutual Fund | N/A | N/A |
HDFC Securities vs ProStocks Margin / Exposure: 2024
| Segment | HDFC Securities | ProStocks |
|---|---|---|
| Equity Delivery | 2x | 1x (no margin) |
| Equity Intraday | Upto 20x | 7x (Margin intraday sq off) |
| Equity Future | Nil | 2x |
| Equity Options | Nil | 1x (no margin) |
| Currency Future | Nil | 1.5x |
| Currency Options | Nil | 1x (no margin) |
| Commodity Future | Nil | N/A |
| Commodity Options | N/A | N/A |