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
Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.
With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.
Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well
Charge | ProStocks | Kotak 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) | ₹600 per year |
Charge | ProStocks | Kotak Securities |
---|---|---|
Plan Name | Unlimited Plan | Fixed Brokerage Plan |
Equity Delivery | ₹0 | 0.49% |
Equity Intraday | ₹0 | 0.049% (both side) |
Equity Futures | ₹0 | 0.049% (both side) |
Equity Options | ₹0 | ₹300 per lot |
Currency Futures | ₹0 | N/A |
Currency Options | ₹0 | N/A |
Commodity Options | N/A | Futures 0.070% |
Mutual Fund | N/A | N/A |
Segment | ProStocks | Kotak Securities |
---|---|---|
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 |