angel broking

5Paisa Vs Prostocks – Product-Wise Comparative Study

angel broking

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.

Notable Feature: 

5Paisa:

  1. Offers free of cost mutual fund suggestions & brokerage. 
  2. Flat brokerage charge of INR. 20/-. 
  3. Online term insurance is offered as other investment options.
  4. Paperless account opening enabled only with Aadhaar. 
  5. It offers one of the best-equipped platforms for trading. 
  6. Robot enabled platform for investment advising and trading. 

Prostocks:

  1. Lowest Exchange Transaction charge
  2. Flat fee-based brokerage plans
  3. Supportive customer assistance.
  4. Paperless & fully online account opening process.
  5. Call & trade is inexpensive of all. 
5Paisa Vs Prostocks

Overall Segments: 

Here we have compared 5Paisa & Prostocks considering their review on different segments like brokerage charges, broker type, customer service, etc.

Related Post:   Zerodha Vs SAS Online Comparison - Which is Better?
 Particulars 5paisaProStocks
Overall Rating✰✰✰✰✰✰✰✰
Brokerage Charges✰✰✰✰✰✰✰✰
Trading Platform✰✰✰✰✰✰✰
Investments Offering✰✰✰✰✰✰✰✰
Customer Service✰✰✰✰✰✰✰✰
Broker Type Discount BrokerDiscount Broker
Exchanges Supported BSE, NSENSE, 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. 

Charges5paisaProStocks
Trading Account Opening Charges650 Rupees (Free Now Promotion Offer)Free of cost
Trading AMC ChargesFree of costFree of cost
DEMAT Account Opening ChargesFree of costFree of cost
DEMAT AMC Charges45 Rupees PM if Trade, else Zero0 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. 

Plan Types5paisa BrokerageProStocks Brokerage
Multiple Plans🗶
Monthly Plans🗶
Yearly Plans🗶

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. 

Related Post:   SMC Global Vs Wisdom Capital In-Depth Comparison - Side by Side Compare
Particulars5paisaProStocks
Plan NameFlat Fee INR.20 Trading PlanFlat Fee INR.15 Trading Plan
Equity DeliveryFlat Fee INR.20Flat Fee INR.15
Equity IntradayFlat Fee INR.20Flat Fee INR.15
Equity FuturesFlat Fee INR.20Flat Fee INR.15
Equity OptionsFlat Fee INR.20Flat Fee INR.15
Currency FuturesFlat Fee INR.20Flat Fee INR.15
Currency OptionsFlat Fee INR.20Flat Fee INR.15
Commodity TradingFlat Fee INR.20NA
Minimum BrokerageNANA
Hidden ChargesNoNo
FundingYes – 18% interest PANo
Call & Trade ChargesINR.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. 

Particulars5paisaProStocks
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr190 Rupees Per Cr
Equity Options5000 Rupees Per Cr5000 Rupees Per Cr
Currency Futures110 Rupees Per Cr110 Rupees Per Cr
Currency Options4000 Rupees Per Cr4000 Rupees Per Cr
CommodityNANA

Comparative Study on Account Feature: 

Assessing 5Paisa & Prostocks based on account feature we get the below-mentioned details. 

Particulars5paisaProStocks
3 in 1 Account service🗶🗶
Charting facility
Algo Trading service🗶
SMS Alerts service
Online Demo facility
Online Portfolio facility🗶🗶
Margin Trading Funding Available
Combined Ledger for Equity & Commodity🗶
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading service🗶
Other FeaturesNILNIL

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. 

Related Post:   Upstox Vs Finvasia - Comparison | Which Discount Broker is Better For Traders & Investor
Particulars5paisaProStocks
Desktop Trading Platform5paisaTradeStationProStocks,NSE NOW
Desktop Platform (Windows)
Desktop Platform (Mac)🗶🗶
Web Trading Platform
Web Trading Detailhttps://www.5paisa.com/online-tradinghttps://www.prostocksweb.com/
Mobile Site
Mobile Trading
Mobile Trading App5paisa Mobile AppProStocks Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparative Study on Products: 

In terms of product offering we here compared 5Paisa & Prostocks as below: 

Particulars5paisaProStocks
Equity Cash and F&O
Currency Derivatives
Commodity🗶
Online IPO Application🗶🗶
Mutual Funds🗶
Bond / NCD🗶
ETF
Banking🗶🗶
Insurance🗶
Forex🗶🗶
MF SIP Investment🗶
Equity SIP Investment🗶🗶
PMS Service🗶🗶
Other Investment OptionsNILNIL

Comparative Study on Leverage/Margin: 

Considering the leverage/margin we here have compared 5Paisa & Prostocks as below: 

Particulars5paisa MarginProStocks 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. 

Particulars5paisaProStocks
24/7 Customer Service 🗶🗶
Email Support 
Online Live Chat 🗶🗶
Phone Support 
Toll-Free Number 🗶🗶
Through Branches 🗶🗶
Customer Care Number +91 89766 89766+91-2262-434343
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education https://www.5paisa.com/knowledge-centrehttps://www.prostocks.com/faq.html
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
Website https://www.5paisa.com/https://www.prostocks.com
open prostocks demat account

Comparative Study on DEMAT Account feature: 

Here we have compared 5Paisa & Prostocks based on their DEMAT account offering as below: 

 Particulars5paisaProStocks
DP SourceCDSLCDSL
DP ID 8250083200
DEMAT Account Annual Maintenance Charges(AMC)Monthly Plan – 45 Rupees (In case of any transaction in a month)Free (1000 Rupees Refundable Deposit)
Advance DepositFree of cost1000 Rupees Refundable Deposit against charges
Statutory chargesFree of costFree of cost
Transaction Charges on Debit (Per ISIN)0.025% or 25 Rupees whichever is higher + CDSL charges8 Rupees + 5.50 Rupees (CDSL Charges) Flat Fee for every transaction
DEMAT15 Rupees per certificate50 Rupees per set up + 50 Rupees courier charges
REMAT15 Rupees for every hundred securities or 15 Rupees per certificate whichever is higher50 Rupees per set up + 50 Rupees courier charges
Pledge Creation50 Rupees50 Rupees
Pledge Creation ConfirmationFree of costFree of cost
Pledge ClosureFree of costINR. 50
Pledge Closure ConfirmationFree of costFree of cost
Pledge InvocationFree of costINR. 50
Failed Instruction ChargesFree of costINR. 50 per transaction
Other ChargesFree of costFree of cost
open 5 paisa demat account

Conclusion: 

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.

angel broking