ProStocks vs Marwadi Shares 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 Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
ProStocks vs Marwadi Shares Account Opening Charges: 2024
| Charge | ProStocks | Marwadi Shares |
|---|---|---|
| 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) | ₹450 per year or one time fee of ₹2500 |
ProStocks vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | ProStocks | Marwadi Shares |
|---|---|---|
| Plan Name | Unlimited Plan | N/A |
| Equity Delivery | ₹0 | 0.30% |
| Equity Intraday | ₹0 | 0.06% |
| Equity Futures | ₹0 | 0.02% |
| Equity Options | ₹0 | ₹100 per lot |
| Currency Futures | ₹0 | 0.02% |
| Currency Options | ₹0 | ₹100 per lot |
| Commodity Options | N/A | 0.02% |
| Mutual Fund | N/A | N/A |
ProStocks vs Marwadi Shares Margin / Exposure: 2024
| Segment | ProStocks | Marwadi Shares |
|---|---|---|
| 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 |