ProStocks vs Motilal Oswal 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 Motilal Oswal
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
Motilal Oswal: Overview
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
ProStocks vs Motilal Oswal Account Opening Charges: 2024
| Charge | ProStocks | Motilal Oswal |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹1000 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹299 |
ProStocks vs Motilal Oswal Brokerage Charges and Plans : 2024
| Charge | ProStocks | Motilal Oswal |
|---|---|---|
| Plan Name | Unlimited Plan | Default Plan |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% (both side) |
| Equity Futures | ₹0 | 0.05% (both side) |
| Equity Options | ₹0 | ₹100 per lot (both side) |
| Currency Futures | ₹0 | ₹20 per lot (both side) |
| Currency Options | ₹0 | ₹20 per lot (both side) |
| Commodity Options | N/A | 0.05% (both side) |
| Mutual Fund | N/A | N/A |
ProStocks vs Motilal Oswal Margin / Exposure: 2024
| Segment | ProStocks | Motilal Oswal |
|---|---|---|
| Equity Delivery | 1x (no margin) | 4x |
| Equity Intraday | 7x (Margin intraday sq off) | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
| Equity Future | 2x | Upto 3x |
| Equity Options | 1x (no margin) | Nil |
| Currency Future | 1.5x | N/A |
| Currency Options | 1x (no margin) | Nil |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |