Prostocks Vs Fyers – Share Brokers Comparison

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Prostocks Vs Fyers

Here is a point by point comparison of Prostocks Vs Fyers. 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. FYERS is also a discount broker launched a little earlier than Prostocks i.e. in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.

Everything about discount brokers such as Prostocks or Fyers is Online, be it – customer service, trading, account opening etc. 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 and Fyers to help you find which of the two suits your needs better. The comparison is made on various 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 and which one to go for. Here is a detailed point by point comparison between the two brokers:



	Prostocks Review	Fyers Review

Broker Type	Discount Broker	Discount Broker
Incorporated In the Year	2016	2015
Number of branches across India	2	1
Exchanges	BSE, NSE	BSE, NSE
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)	₹400
Transaction Charges	Prostocks Transaction Charges	Fyers Transaction Charges
BROKERAGE
Equity Delivery	₹15 per executed trade	₹20 per executed order
Intraday Delivery	₹15 per executed trade	₹20 per executed order
Equity Futures	₹15 per executed trade	₹20 per executed order
Equity Options	₹15 per executed trade	₹20 per executed order
Currency Futures	₹15 per executed trade	₹20 per executed order
Currency Options	₹15 per executed trade	₹20 per executed order
Commodity	NA	NA
Calculate Brokerage	Prostocks Brokerage Calculator	Fyers Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 7 times & Delivery upto 1 time	Upto 15 times for Intraday, 3 to 5 times for Delivery
Equity Futures	Upto 1.5 times	Upto 5 times
Equity Options	Upto 1.5 times	Upto 5 times
Currency Futures	NA	Upto 5 times
Currency Options	NA	Upto 5 times
Commodities	NA	NA
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	FYERS One, FYERS Markets, FYERS Web Trader
Complaints Percentage of Active Clients	0.15%	0.06%
OVERALL RATING
	Get a Callback	Get a Callback

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 Fyers for the benefits of other readers. Please feel free to share in the comments below.

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