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Upstox Vs Prostocks
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Upstox Vs Prostocks
Here is a point by point comparison of Upstox Vs Prostocks. 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 stockbroking firm was founded recently in February 2016. On the other hand, RKSV (or Upstox) is a discount broker as well launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers. Thus, to make things easy for you, we have listed out the comparison between Upstox and 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 | Upstox Review | |
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2016 | 2012 |
| Number of branches across India | 2 | 3 |
| Exchanges | BSE, NSE | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹150 |
| Transaction Charges | Prostocks Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | ₹0 |
| 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 | ₹20 per executed order |
| Calculate Brokerage | Prostocks Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 20 times Intraday |
| Equity Futures | Upto 1.5 times | Upto 4 times for Intraday |
| Equity Options | Upto 1.5 times | Upto 4 times for Intraday |
| Currency Futures | NA | Upto 4 times for Intraday |
| Currency Options | NA | Upto 4 times for Intraday |
| Commodities | NA | Upto 3 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, Upstox, Upstox Pro |
| Complaints Percentage of Active Clients | 0.15% | 0.12% |
| 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 Upstox Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below. Your experiences can work as learning for others.
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Upstox Vs Prostocks
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