ProStocks vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
ProStocks vs Nirmal Bang Account Opening Charges: 2024
| Charge | ProStocks | Nirmal Bang |
|---|---|---|
| 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) | ₹200 per year |
ProStocks vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | ProStocks | Nirmal Bang |
|---|---|---|
| Plan Name | Unlimited Plan | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | ₹0 | 0.02% |
| Equity Futures | ₹0 | 0.02% |
| Equity Options | ₹0 | ₹35 |
| Currency Futures | ₹0 | 0.02% |
| Currency Options | ₹0 | ₹20 |
| Commodity Options | N/A | 0.01% |
| Mutual Fund | N/A | N/A |
ProStocks vs Nirmal Bang Margin / Exposure: 2024
| Segment | ProStocks | Nirmal Bang |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 10x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 4x |
| Equity Future | 2x | Upto 4x |
| Equity Options | 1x (no margin) | Upto 2x for shorting |
| Currency Future | 1.5x | Upto 2x for shorting |
| Currency Options | 1x (no margin) | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |