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Prostocks Vs Finvasia – Indian Share Brokers Comparison
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Prostocks Vs Finvasia
Here is a point by point comparison of Prostocks Vs Finvasia. Finvasia is a discount broker launched in 2013 with a unique proposition of zero brokerage charges on trading. The broker charges its clients on the basis of the trading platform(s) subscribed to. Based out of Chandigarh, Finvasia allows to trade in Equity, Commodity and Derivatives and not in currency.
Prostocks, relatively a new entrant into the Indian stock market, is a discount broker that charges a flat fee per transaction from the customers. This stock broking firm was founded recently in February 2016.
Everything about discount brokers such as Finvasia and Prostocks is internet based, be it – customer service, trading, account opening and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Prostocks Vs Finvasia 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
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Prostocks Review | Finvasia Review | |
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2016 | 2013 |
| Number of branches across India | 2 | 1 |
| Exchanges | BSE, NSE | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | Finvasia Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | ₹149 per month per segment |
| Intraday Delivery | ₹15 per executed trade | ₹149 per month per segment |
| Equity Futures | ₹15 per executed trade | ₹149 per month per segment |
| Equity Options | ₹15 per executed trade | ₹149 per month per segment |
| Currency Futures | ₹15 per executed trade | ₹149 per month per segment |
| Currency Options | ₹15 per executed trade | ₹149 per month per segment |
| Commodity | NA | ₹149 per month per segment |
| Calculate Brokerage | Prostocks Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 10 times for Intraday |
| Equity Futures | Upto 1.5 times | Upto 2 times |
| Equity Options | Upto 1.5 times | NA |
| Currency Futures | NA | NA |
| Currency Options | NA | NA |
| Commodities | NA | Upto 2 times |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity |  | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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 | NOW, Nest, AMI Broker, Presto, Blitz |
| Complaints Percentage of Active Clients | 0.15% | 0.22% |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Prostocks Vs Finvasia for the benefits of other readers. Please feel free to share in the comments below.
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Summary
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Date
Broker Name
Prostocks Vs Finvasia
Overall Rating
