Shriram Insight Vs Prostocks – Share Brokers Comparison
Shriram Insight Vs Prostocks
Here is a point by point comparison of Shriram Insight 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 stock broking firm was founded recently in February 2016. Shriram Insight, is a full service stock broker with a presence in around 700 different locations across India. The broker provides free account opening with reasonable brokerage rates but the quality of its service and research can be improved.
Discount brokers such as Prostocks offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as Shriram Insight 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 and so on.
To make things easy for you, we have listed out the comparison between Shriram Insight 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.
Comparison
Shriram Insight Review | Prostocks Review | |
OVERVIEW | ||
Incorporated In the Year | 1974 | 2016 |
Number of branches across India | 700 | 2 |
Exchanges | NSE, BSE, MCX, RCL | BSE, NSE |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹300 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹290 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹1000 (Refundable) |
Transaction Charges | Shriram Insights Transaction Charges | Prostocks Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.3% | ₹15 per executed trade |
Intraday Delivery | 0.03% | ₹15 per executed trade |
Equity Futures | 0.03% | ₹15 per executed trade |
Equity Options | ₹50 per contract | ₹15 per executed trade |
Currency Futures | 0.03% | ₹15 per executed trade |
Currency Options | ₹50 per contract | ₹15 per executed trade |
Commodity | 0.03% | NA |
Calculate Brokerage | Shriram Insight Brokerage Calculator | Prostocks Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Intraday upto 2 times | Upto 7 times & Delivery upto 1 time |
Equity Futures | Same as margin | Upto 1.5 times |
Equity Options | Same as margin | Upto 1.5 times |
Currency Futures | Same as margin | NA |
Currency Options | Same as margin | NA |
Commodities | Same as margin | 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) | NetPro Desktop, NetPro Browser, Mobile App | ProStocks Web, ProStocks Mobile and ProStocks Desktop |
Total BSE+NSE Complaints Percentage | 0.05% | 0.15% |
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 Shriram Insight Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.
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