ProStocks vs Sharekhan 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 Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
ProStocks vs Sharekhan Account Opening Charges: 2024
| Charge | ProStocks | Sharekhan |
|---|---|---|
| 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) | ₹400 (Free for 1st year with trading account) |
ProStocks vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | ProStocks | Sharekhan |
|---|---|---|
| Plan Name | Unlimited Plan | Classic Account |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.10% |
| Equity Futures | ₹0 | 0.10% |
| Equity Options | ₹0 | ₹50 per lot |
| Currency Futures | ₹0 | 0.10% |
| Currency Options | ₹0 | ₹30 per lot |
| Commodity Options | N/A | 0.03% |
| Mutual Fund | N/A | N/A |
ProStocks vs Sharekhan Margin / Exposure: 2024
| Segment | ProStocks | Sharekhan |
|---|---|---|
| Equity Delivery | 1x (no margin) | Upto 5x |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 10x |
| Equity Future | 2x | 2x |
| Equity Options | 1x (no margin) | Nil |
| Currency Future | 1.5x | Nil |
| Currency Options | 1x (no margin) | Nil |
| Commodity Future | N/A | Upto 2x |
| Commodity Options | N/A | N/A |