Yes Securities Vs Prostocks – Stock Brokers Comparison
Yes Securities Vs Prostocks
Here is a point by point comparison of Yes Securities Vs Prostocks. Yes Securities, a bank based full service stock broker, was established in 2013 and has its headquarters in Mumbai. The broker offers free demat and trading account, provides tips and research to its clients at a reasonable brokerage percentage based rate. 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. Yes 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 Yes 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.
Prostocks Review | Yes Securities Review | |
OVERVIEW | ||
Incorporated In the Year | 2016 | 2013 |
Number of branches across India | 2 | 52 |
Exchanges | BSE, NSE | BSE, NSE |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹500 |
Transaction Charges | Prostocks Transaction Charges | Yes Securities Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹15 per executed trade | 0.45% or ₹25 whichever is higher |
Intraday Delivery | ₹15 per executed trade | 0.05% |
Equity Futures | ₹15 per executed trade | 0.05% |
Equity Options | ₹15 per executed trade | ₹75 per lot |
Currency Futures | ₹15 per executed trade | 0.05% |
Currency Options | ₹15 per executed trade | ₹75 per lot |
Commodity | NA | NA |
Calculate Brokerage | Prostocks Brokerage Calculator | Yes Securities Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 7 times & Delivery upto 1 time | Intraday upto 5 times |
Equity Futures | Upto 1.5 times | Upto 3 times for intraday |
Equity Options | Upto 1.5 times | Buying No Leverage, Shorting upto 3 times for Intraday |
Currency Futures | NA | Upto 2 times for intraday |
Currency Options | NA | Buying No Leverage, Shorting upto 3 times for Intraday |
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 | Yes Web, Mobile App |
Complaints Percentage of Active Clients | 0.15% | 0.09% |
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 Yes Securities Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.