ProStocks vs Trade Smart Online 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 Trade Smart Online
Trade Smart is a well-known name in India’s Stock Broking industry, which is ranks well among the famous discount brokers in India.
Trade Smart: An Overview
Trade Smart is a Mumbai based broking firm, incorporated in 1994 by VNS Finance and Capital Ltd. It is the ideal spot for investors and traders looking for high margins with low brokerages and the fast trading platform.
Trade Smart began with the vision to offer a smart and consistent trading experience to users through their various services and trading platforms. From that point forward, Trade Smart has left no efforts in utilizing innovative technology solutions for easement customers in trading.
They have a daily trade value of Rs. 2500 crore with more than 17000 spangling customer base, which is growing day by day, providing their best facilities and national presence. Also, they have their branches at numerous locations across the nation, supported by no not exactly
ProStocks vs Trade Smart Online Account Opening Charges: 2024
| Charge | ProStocks | Trade Smart Online |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹200 |
| Trading Acc Opening Charges | ₹0 | ₹200 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹300 |
ProStocks vs Trade Smart Online Brokerage Charges and Plans : 2024
| Charge | ProStocks | Trade Smart Online |
|---|---|---|
| Plan Name | Unlimited Plan | Power Trading Plan |
| Equity Delivery | ₹0 | ₹15 per executed order |
| Equity Intraday | ₹0 | ₹15 per executed order |
| Equity Futures | ₹0 | ₹15 per executed order |
| Equity Options | ₹0 | ₹15 per executed order |
| Currency Futures | ₹0 | ₹15 per executed order |
| Currency Options | ₹0 | ₹15 per executed order |
| Commodity Options | N/A | ₹15 per executed order |
| Mutual Fund | N/A | N/A |
ProStocks vs Trade Smart Online Margin / Exposure: 2024
| Segment | ProStocks | Trade Smart Online |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x (No Margin) |
| Equity Intraday | 7x (Margin intraday sq off) | Upto 30x |
| Equity Future | 2x | MIS: 3X | BO: 7X | CO: 7X |
| Equity Options | 1x (no margin) | MIS: 3X | BO: 7X | CO: 7X |
| Currency Future | 1.5x | MIS: 3X | BO: 3X | CO: 3X |
| Currency Options | 1x (no margin) | MIS: 3X |
| Commodity Future | N/A | MIS: 2X | BO: 6X | CO: 6X |
| Commodity Options | N/A | N/A |