Looking for Low Brokerage, High Margin & Free Tips?
Trade Smart Online Vs Prostocks
| | Broker Comparison, Trading | No Comments
Trade Smart Online Vs Prostocks comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Trade Smart Online Vs Prostocks Comparison
Prostocks and Trade Smart Online are very much similar in their selling propositions. Both of them are discount brokers, charging a flat amount from customers for every transaction without considering the size of the transaction (unlike full-service brokers which can be expensive).
Prostocks has been launched recently in February 2016 while Trade Smart Online was incorporated by VNS – a stockbroking firm that was founded in 1994. Everything about both these discount brokers is “online”, be it – customer service, trading, account opening and so on.
With all these similarities, surely there are few differences. These differences can be minute to few while can make a big difference to others. It all really 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 Trade Smart Online 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
Trade Smart Online Vs Prostocks Details
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 stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
 |  | |
| Prostocks Review | Trade Smart Online Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2016 | 1994 |
| Number of branches across India | 2 | 1 |
| Exchanges | BSE, NSE | NSE, BSE, MCX, MCX-SX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹200 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹200 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹300 |
| Transaction Charges | Prostocks Transaction Charges | Trade Smart Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | ₹15 per executed order or 0.07% depending on the plan |
| Intraday Delivery | ₹15 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Equity Futures | ₹15 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Equity Options | ₹15 per executed trade | ₹15 or ₹7 per executed order depending on the plan |
| Currency Futures | ₹15 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Currency Options | ₹15 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Commodity | NA | ₹15 per executed order or 0.007% depending on the plan |
| Calculate Brokerage | Prostocks Brokerage Calculator | Trade Smart Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Intraday upto 30 times |
| Equity Futures | Upto 1.5 times | Upto 5 times |
| Equity Options | Upto 1.5 times | Upto 5 times |
| Currency Futures | NA | Upto 3 times |
| Currency Options | NA | Upto 3 times |
| Commodities | NA | Upto 5 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, Spin |
| Complaints Percentage of Active Clients | 0.15% | 0.05% |
| OVERALL RATING |  |  |
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 Trade Smart Online Vs Prostocks for the benefits of other readers?
Please feel free to share in the comments below.
In case you are looking to start trading, let us assist you in taking the next steps ahead:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Trade Smart Online Vs Prostocks
Overall Rating
