Looking for Low Brokerage, High Margin & Free Tips?
Karvy Online Vs Prostocks
| | Broker Comparison, Trading | No Comments
Karvy 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.
Karvy Online Vs Prostocks Comparison
Here is a point by point comparison of Karvy Online Vs Prostocks.
Karvy Online is the broking arm of Karvy Group and has a presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments.
Incorporated in 1985, Karvy today has a membership with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India.
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.
Everything about discount brokers such as Prostocks is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as Karvy Online, on the other hand, will help you, spoon feed you, handhold 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 and so on.
To make things easy for you, we have listed out the comparison between Karvy 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
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.
Karvy Online Vs Prostocks Compare
 |  | |
| Prostocks Review | Karvy Online Review | |
| Broker Type | Discount Broker | Full Service |
| Incorporated In the Year | 2016 | 1985 |
| Number of branches across India | 2 | 400 |
| Exchanges | BSE, NSE | BSE, NSE, MCX-SX, MCX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹420 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹500 (FREE for first year) |
| Transaction Charges | Prostocks Transaction Charges | Karvy Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.3% |
| Intraday Delivery | ₹15 per executed trade | 0.03% |
| Equity Futures | ₹15 per executed trade | 0.03% |
| Equity Options | ₹15 per executed trade | ₹30 per lot |
| Currency Futures | ₹15 per executed trade | 0.03% |
| Currency Options | ₹15 per executed trade | ₹30 per lot |
| Commodity | NA | 0.03% |
| Calculate Brokerage | Prostocks Brokerage Calculator | Karvy Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Intraday upto 20 times, 0 for Delivery |
| Equity Futures | Upto 1.5 times | Upto 4 times for Intraday |
| Equity Options | Upto 1.5 times | No Leverage for buying, upto 4 times for Shorting Intraday |
| Currency Futures | NA | No Leverage |
| Currency Options | NA | No Leverage |
| Commodities | NA | Upto 4 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, Karvy Web, Trade Mobile App |
| Complaints Percentage of Active Clients | 0.15% | 0.08% |
| OVERALL RATING |  | |
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
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 Karvy Online Vs Prostocks for the benefits of other readers?
Please feel free to share in the comments below.
In case you are looking to get started with trading, just fill in some basic details in the form below.
A callback will be arranged for you:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Karvy Online Vs Prostocks
Overall Rating
