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TradePlus Online Vs Prostocks – Share Brokers Comparison
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TradePlus Online Vs Prostocks
Here is a point by point comparison of TradePlus Online Vs Prostocks. TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
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. Since both the stock brokers are discount brokers in nature, 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 TradePlus Online and Prostocks 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.
Comparison
 |  | |
| Prostocks Review | Trade Plus Online Review | |
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2016 | 1995 |
| Number of branches across India | 2 | 300 |
| Exchanges | BSE, NSE | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.1% |
| Intraday Delivery | ₹15 per executed trade | 0.01% |
| Equity Futures | ₹15 per executed trade | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹15 per executed trade | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹15 per executed trade | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹15 per executed trade | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | NA | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Calculate Brokerage | Prostocks Brokerage Calculator | TradePlus Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 1.5 times | NA |
| Equity Options | Upto 1.5 times | Upto 2 times for Intraday |
| Currency Futures | NA | NA |
| Currency Options | NA | Upto 2 times for Intraday |
| Commodities | NA | Upto 2 times for Intraday |
| 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 | Nest On Web, Infini Trader, TradPlus Mobile |
| Complaints Percentage of Active Clients | 0.15% | 0.10% |
| 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 TradePlus Online Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.
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TradePlus Online Vs Prostocks
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