ProStocks vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
ProStocks vs IIFL Securities Account Opening Charges: 2024
| Charge | ProStocks | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹400 per year |
ProStocks vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | ProStocks | IIFL Securities |
|---|---|---|
| Plan Name | Unlimited Plan | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹0 | 0.05% |
| Equity Options | ₹0 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹0 | 0.05% |
| Currency Options | ₹0 | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | N/A | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
ProStocks vs IIFL Securities Margin / Exposure: 2024
| Segment | ProStocks | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 3x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 20x |
| Equity Future | 2x | Upto 3x |
| Equity Options | 1x (no margin) | Upto 3x |
| Currency Future | 1.5x | Upto 2x |
| Currency Options | 1x (no margin) | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |