ProStocks vs Reliance Securities 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 Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
ProStocks vs Reliance Securities Account Opening Charges: 2024
| Charge | ProStocks | Reliance Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹950 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹400 p.a. |
ProStocks vs Reliance Securities Brokerage Charges and Plans : 2024
| Charge | ProStocks | Reliance Securities |
|---|---|---|
| Plan Name | Unlimited Plan | Fixed Online Plan |
| Equity Delivery | ₹0 | 0.4%\t |
| Equity Intraday | ₹0 | 0.04%\t |
| Equity Futures | ₹0 | 0.04%\t |
| Equity Options | ₹0 | Rs 100/Lot |
| Currency Futures | ₹0 | 0.04%\t |
| Currency Options | ₹0 | Rs 100/Lot |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ProStocks vs Reliance Securities Margin / Exposure: 2024
| Segment | ProStocks | Reliance Securities |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 3x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 10x |
| Equity Future | 2x | Upto 3x |
| Equity Options | 1x (no margin) | Nil |
| Currency Future | 1.5x | Nil |
| Currency Options | 1x (no margin) | Nil |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |