5Paisa Vs Prostocks
Both of these organizations are serving the traders, for so many years. They provide all the trading products and offers to their consumers. When you are comparing them, then we need to know all the different charges and facilities. Here is the comparative study of 5Paisa vs Prostocks.
5Paisa is an eminent name in the discount broking industry offering one of the lowest brokerage charges of flat 20 Rupees per brokerage fees. Also, they offer almost all wealthy products to their investors including various insurance products.
On the other hand, Prostocks is also a leading discount broker of India, commenced its journey in 2016. Being a very customer-focused broker it has several other benefits like lowest exchange transaction charges, lowest stamp duty charges, free DEMAT account AMC, etc.
- Offers free of cost mutual fund suggestions & brokerage.
- Flat brokerage charge of INR. 20/-.
- Online term insurance is offered as other investment options.
- Paperless account opening enabled only with Aadhaar.
- It offers one of the best-equipped platforms for trading.
- Robot enabled platform for investment advising and trading.
- Lowest Exchange Transaction charge
- Flat fee-based brokerage plans
- Supportive customer assistance.
- Paperless & fully online account opening process.
- Call & trade is inexpensive of all.
Here we have compared 5Paisa & Prostocks considering their review on different segments like brokerage charges, broker type, customer service, etc.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||BSE, NSE||NSE, BSE|
Comparative Study on AMC & AOC:
Comparing 5Paisa & Prostocks based on AMC & AOC we get the below details. Here we can see that 5Paisa offers free of cost trading AMC & DEMAT account opening whereas, Prostocks offers free trading & DEMAT account opening & free trading AMC.
|Trading Account Opening Charges||650 Rupees (Free Now Promotion Offer)||Free of cost|
|Trading AMC Charges||Free of cost||Free of cost|
|DEMAT Account Opening Charges||Free of cost||Free of cost|
|DEMAT AMC Charges||45 Rupees PM if Trade, else Zero||0 Rupees (INR.1000 Refundable Deposit)|
|Provide DP Service provided||✔||✔|
Compare Brokerage Plan:
Considering the brokerage plan offering we here have compared 5Paisa & Prostocks as below. As per the table, we can see that ProStocks offers all three kinds of plans to their customer. Conversely, 5paisa don’t have any such brokerage plans to offer.
Comparative Study on Brokerage Charge:
In light of the brokerage fee charged we here have compared 5Paisa & Prostocks as below. Both the broker have a flat fee-based brokerage plan. Here we can see that for different products 5Paisa charge flat INR.20/- whereas, Prostocks charge INR. 15/-. The minimum brokerage charge is absent in both the broker.
|Plan Name||Flat Fee INR.20 Trading Plan||Flat Fee INR.15 Trading Plan|
|Equity Delivery||Flat Fee INR.20||Flat Fee INR.15|
|Equity Intraday||Flat Fee INR.20||Flat Fee INR.15|
|Equity Futures||Flat Fee INR.20||Flat Fee INR.15|
|Equity Options||Flat Fee INR.20||Flat Fee INR.15|
|Currency Futures||Flat Fee INR.20||Flat Fee INR.15|
|Currency Options||Flat Fee INR.20||Flat Fee INR.15|
|Commodity Trading||Flat Fee INR.20||NA|
|Funding||Yes – 18% interest PA||No|
|Call & Trade Charges||INR.100 per call(No limit of orders)||INR.10 per executed order|
Comparative Study on Transaction Fee:
Contrasting 5Paisa & Prostocks based on transaction fee we get the below details. Here we can see that both the brokers have a similar transaction fee structure for their customers.
|Equity Delivery||325 Rupees Per Cr||325 Rupees Per Cr|
|Equity Intraday||325 Rupees Per Cr||325 Rupees Per Cr|
|Equity Futures||190 Rupees Per Cr||190 Rupees Per Cr|
|Equity Options||5000 Rupees Per Cr||5000 Rupees Per Cr|
|Currency Futures||110 Rupees Per Cr||110 Rupees Per Cr|
|Currency Options||4000 Rupees Per Cr||4000 Rupees Per Cr|
Comparative Study on Account Feature:
Assessing 5Paisa & Prostocks based on account feature we get the below-mentioned details.
|3 in 1 Account service||🗶||🗶|
|Algo Trading service||✔||🗶|
|SMS Alerts service||✔||✔|
|Online Demo facility||✔||✔|
|Online Portfolio facility||🗶||🗶|
|Margin Trading Funding Available||✔||✔|
|Combined Ledger for Equity & Commodity||✔||🗶|
|Intraday Square-off Time||3:15 PM||3:15 PM|
|NRI Trading service||🗶||✔|
Comparison of Trading Terminal:
The trading terminal is a basic need of all the investors. We here have assessed 5Paisa & ProStocks based on their trading terminal offering. Both brokers are equipped with various digital media to help their customers.
|Desktop Trading Platform||5paisaTradeStation||ProStocks,NSE NOW|
|Desktop Platform (Windows)||✔||✔|
|Desktop Platform (Mac)||🗶||🗶|
|Web Trading Platform||✔||✔|
|Web Trading Detail||https://www.5paisa.com/online-trading||https://www.prostocksweb.com/|
|Mobile Trading App||5paisa Mobile App||ProStocks Mobile|
|Android Mobile App||✔||✔|
|iPhone Mobile App (IOS)||✔||✔|
|Android Tablet App||✔||✔|
|iPad App (IOS)||✔||✔|
|Trading Software Charges||Free||Free|
Comparative Study on Products:
In terms of product offering we here compared 5Paisa & Prostocks as below:
|Equity Cash and F&O||✔||✔|
|Online IPO Application||🗶||🗶|
|Bond / NCD||✔||🗶|
|MF SIP Investment||✔||🗶|
|Equity SIP Investment||🗶||🗶|
|Other Investment Options||NIL||NIL|
Comparative Study on Leverage/Margin:
Considering the leverage/margin we here have compared 5Paisa & Prostocks as below:
|Particulars||5paisa Margin||ProStocks Margin|
|Equity Delivery Margin||Maximum 3.5x through Margin Funding system.||No Delivery margin.|
|Equity Intraday Margin||Maximum 10x or 10% subject to Variable and ELM.||Maximum 10x or 10% subject to Variable and ELM.|
|Futures Margin||1x or the particular SPAN + Leverage.||1x or the particular SPAN + Leverage.|
|Options Margin||1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.||1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.|
|Equity CO Margin||Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are includes for Cover Order.||Maximum10x or 10% subject to Variable and ELM, no further leverage charges are includes for Cover Order.|
|Futures CO Margin||1x or the particular SPAN + Exposure margin, no further leverage charges are includes for Futures Cover Order.||1x or the particular SPAN + Exposure margin, no further leverage charges are includes for Futures Cover Order.|
|Options CO Margin||1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), no further leverage charges are includes for Options Cover Order.||1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), no further leverage charges are includes for Options Cover Order.|
|Commodity Margin||1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.||1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.|
Comparative Study on Customer Assistance:
Based on experiences on customer assistance we here have compared 5Paisa & Prostocks below. Both brokers offer similar channels to help their customers.
|24/7 Customer Service||🗶||🗶|
|Online Live Chat||🗶||🗶|
|Customer Care Number||+91 89766 89766||+91-2262-434343|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||5paisa headquarter|
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
|Sunlight Broking LLP,|
B-50, Pravasi Industrial Estate, Goregaon (East),
Mumbai – 400063
Comparative Study on DEMAT Account feature:
Here we have compared 5Paisa & Prostocks based on their DEMAT account offering as below:
|DEMAT Account Annual Maintenance Charges(AMC)||Monthly Plan – 45 Rupees (In case of any transaction in a month)||Free (1000 Rupees Refundable Deposit)|
|Advance Deposit||Free of cost||1000 Rupees Refundable Deposit against charges|
|Statutory charges||Free of cost||Free of cost|
|Transaction Charges on Debit (Per ISIN)||0.025% or 25 Rupees whichever is higher + CDSL charges||8 Rupees + 5.50 Rupees (CDSL Charges) Flat Fee for every transaction|
|DEMAT||15 Rupees per certificate||50 Rupees per set up + 50 Rupees courier charges|
|REMAT||15 Rupees for every hundred securities or 15 Rupees per certificate whichever is higher||50 Rupees per set up + 50 Rupees courier charges|
|Pledge Creation||50 Rupees||50 Rupees|
|Pledge Creation Confirmation||Free of cost||Free of cost|
|Pledge Closure||Free of cost||INR. 50|
|Pledge Closure Confirmation||Free of cost||Free of cost|
|Pledge Invocation||Free of cost||INR. 50|
|Failed Instruction Charges||Free of cost||INR. 50 per transaction|
|Other Charges||Free of cost||Free of cost|
5Paisa & Prostocks both are famed in discount brokering categories for different facilities offering to investors. In this regard, we have seen both the brokers are quite equal to each other concerning brokerage fee offering, product offering, customer assistance & trading facilities. But an investor should go through every major and minor information about the brokers before choosing and deciding to invest.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.