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ICICI Direct Vs Prostocks
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Prostocks comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs Prostocks Comparison
ICICI direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stock broker company in India.
Prostocks on the other hand, relatively a new entrant into the Indian stock market, is a discount broker charging a flat fee per transaction from the customers. Prostocks was founded in February 2016.
Everything about Prostocks is Online, be it – customer service, trading, account opening and so on. ICICI, on the other hand, is a player that will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between ICICI Direct Vs Prostocks to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
ICICI Direct Vs Prostocks Details
We hope this article helps you to understand which of the two brokers is better for your needs. Here is Prostocks Vs ICICI Direct:
 |  | |
| Prostocks Review | ICICI Direct Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2016 | 2000 |
| Number of branches across India | 2 | 154 |
| Exchanges | BSE, NSE | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.55% |
| Intraday Delivery | ₹15 per executed trade | 0.275% |
| Equity Futures | ₹15 per executed trade | 0.03% to 0.05% |
| Equity Options | ₹15 per executed trade | ₹35 to ₹95 per lot |
| Currency Futures | ₹15 per executed trade | 0.03% to 0.05% |
| Currency Options | ₹15 per executed trade | ₹10 to ₹25 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | Prostocks Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 1.5 times | Upto 4 times for intraday |
| Equity Options | Upto 1.5 times | Upto 4 times for intraday |
| Currency Futures | NA | Upto 4 times for intraday |
| Currency Options | NA | Upto 4 times for intraday |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | NA | ICICI Direct Research |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ProStocks Web, ProStocks Mobile and ProStocks Desktop | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| Complaints Percentage of Active Clients | 0.04% | 0.01% |
| Complaints | Prostocks Complaints | ICICI Direct Complaints |
| OVERALL RATING |  |  |
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers. If yes, would you like to share your experience(s) with ICICI Direct Vs Prostocks for the benefits of other readers? Please feel free to share in the comments below.
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ICICI Direct Vs Prostocks
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