ProStocks vs Yes 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 Yes Securities
It is a wholly owned subsidiary of Yes Bank.With Inherited knowledge from its parent company of over 50 years of experience in banking, wealth management, and advisory, Yes Bank securities aimed to become a wealth manager and advisor for its banking clients all over India. They facilitate an in-house team of multi-asset specialists and advisors to direct the client while trading or investing.
Yes Bank Securities: An Overview
Yes Bank had lengthened its arms to offer a complete range of financial products and services catering to the needs of an individual, corporate, and MSMEs. Being a full-service commercial bank it has a pan-India presence overall 28 states and 9 Union territories.
Yes Securities is a SEBI licensed investment advisor and a member of BSE, NSE, MCX, and NCDEX exchanges. Incorporated in 2013, with the claim of 'making investments as easy as booking a cab', Yes Securities provides interactive graphic stock health scores,
ProStocks vs Yes Securities Account Opening Charges: 2024
| Charge | ProStocks | Yes Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹999 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (with ₹1000 one time refundable deposit) | ₹500 |
ProStocks vs Yes Securities Brokerage Charges and Plans : 2024
| Charge | ProStocks | Yes Securities |
|---|---|---|
| Plan Name | Unlimited Plan | Invest Value Plan |
| Equity Delivery | ₹0 | 0.45% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹0 | 0.05%, Intraday - 0.02% |
| Equity Options | ₹0 | ₹75 per lot, Intraday - ₹25 per lot |
| Currency Futures | ₹0 | 0.05%, Intraday - 0.02% |
| Currency Options | ₹0 | ₹75 per lot, Intraday - ₹25 per lot |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ProStocks vs Yes Securities Margin / Exposure: 2024
| Segment | ProStocks | Yes Securities |
|---|---|---|
| Equity Delivery | 1x (no margin) | N/A |
| Equity Intraday | 7x (Margin intraday sq off) | N/A |
| Equity Future | 2x | N/A |
| Equity Options | 1x (no margin) | N/A |
| Currency Future | 1.5x | N/A |
| Currency Options | 1x (no margin) | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |