ProStocks vs IDBI Direct 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
ProStocks vs IDBI Direct Account Opening Charges: 2024
| Charge | ProStocks | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹450 p.a. |
ProStocks vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | ProStocks | IDBI Direct |
|---|---|---|
| Plan Name | Unlimited Plan | Standard Plan |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹0 | 0.05% |
| Equity Options | ₹0 | ₹100 per lot |
| Currency Futures | ₹0 | N/A |
| Currency Options | ₹0 | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ProStocks vs IDBI Direct Margin / Exposure: 2024
| Segment | ProStocks | IDBI Direct |
|---|---|---|
| Equity Delivery | 1x (no margin) | Nil |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 4x |
| Equity Future | 2x | Nil |
| Equity Options | 1x (no margin) | Nil |
| Currency Future | 1.5x | N/A |
| Currency Options | 1x (no margin) | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |