Reliance Securities Vs Prostocks – Stock Brokers Comparison

A Digital Blogger | | Broker Comparison, Trading | No Comments

Compare Stock Brokers

Reliance Securities Vs Prostocks

Reliance Securities is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with presence in over 1700 branches. 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. Reliance Securities on the other hand, as a full service broker, is a player that will help you, spoon feed you, hand hold 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 Reliance Securities 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

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.



	Reliance Securities Review	Prostocks Review
OVERVIEW
Incorporated In the Year	2006	2016
Number of branches across India	1700	2
Exchanges	NSE, BSE, & MCX-SX	BSE, NSE
ACCOUNT CHARGES
Trading Account Opening Charges	₹950	₹300
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account Annual Maintenance Charges	₹400	₹1000 (Refundable)
Transaction Charges	Reliance Securities Transaction Charges	Prostocks Transaction Charges
BROKERAGE
Equity Delivery	0.5% to 0.08%	₹15 per executed trade
Intraday Delivery	0.05% to 0.005%	₹15 per executed trade
Equity Futures	0.05% to 0.005%	₹15 per executed trade
Equity Options	₹7 to ₹10 per lot	₹15 per executed trade
Currency Futures	0.04%	₹15 per executed trade
Currency Options	₹40 per lot	₹15 per executed trade
Commodity	NA	NA
Calculate Brokerage	Reliance Securities Brokerage Calculator	Prostocks Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 10 times for Intraday, Upto 3 times for Delivery	Upto 7 times & Delivery upto 1 time
Equity Futures	Upto 3 times for Intraday	Upto 1.5 times
Equity Options	No Leverage	Upto 1.5 times
Currency Futures	No Leverage	NA
Currency Options	No Leverage	NA
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)	InstaExpress	ProStocks Web, ProStocks Mobile and ProStocks Desktop
Complaints Percentage of Active Clients	0.08%	0.15%
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 Reliance Securities Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.

In case you are looking to open a Demat account, get started by entering basic details below: