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.
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
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
Charge | ProStocks | Interactive Brokers |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹0 |
Charge | ProStocks | Interactive Brokers |
---|---|---|
Plan Name | Unlimited Plan | N/A |
Equity Delivery | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Equity Intraday | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Equity Futures | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Equity Options | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Currency Futures | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Currency Options | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Commodity Options | N/A | N/A |
Mutual Fund | N/A | N/A |
Segment | ProStocks | Interactive Brokers |
---|---|---|
Equity Delivery | 1x (no margin) | N/A |
Equity Intraday | 7x (Margin intraday sq off) | N/A |
Equity Future | 2x | N/A |
Equity Options | 1x (no margin) | N/A |
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 |
ProStocks | Interactive Brokers |
---|---|
No data |