ProStocks vs Indiabulls 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 Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
ProStocks vs Indiabulls Account Opening Charges: 2024
| Charge | ProStocks | Indiabulls |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹450 |
ProStocks vs Indiabulls Brokerage Charges and Plans : 2024
| Charge | ProStocks | Indiabulls |
|---|---|---|
| Plan Name | Unlimited Plan | Equity Unlimited Trade Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹0 | ₹0 |
| Equity Futures | ₹0 | ₹15 per trade |
| Equity Options | ₹0 | ₹15 per trade |
| Currency Futures | ₹0 | ₹15 per trade |
| Currency Options | ₹0 | ₹15 per trade |
| Commodity Options | N/A | 0.03% |
| Mutual Fund | N/A | N/A |
ProStocks vs Indiabulls Margin / Exposure: 2024
| Segment | ProStocks | Indiabulls |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x (No margin) |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 5x |
| Equity Future | 2x | Intra-day: 4x | Carry forward: 1x |
| Equity Options | 1x (no margin) | Intra-day: 4x | Carry forward: 1x |
| Currency Future | 1.5x | Intra-day: 2x | Carry forward: 1x |
| Currency Options | 1x (no margin) | Intra-day: 2x | Carry forward: 1x |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |