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Upstox Vs Prostocks Comparision of Best Trading Platform

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Upstox Vs Prostocks – Comparison: 

A segment-wise necessary comparative study of Upstox vs Prostocks in different parameters with pros and cons is discussed below for a better understanding before an investor decides to choose whether they want to go with Upstox or Prostocks.

Background:

Upstox, on the other hand, is also a stockbroking company that also provides different services in the financial sector and is popular for trading at a very low cost and nominal charges.

With a claim to provide trading services at a very low brokerage charge, ProStocks started their journey with a team of Chartered Accountants to designers as well as Engineers, to service various products to their investors in both BSE and NSE in India.

They claim that an individual investor can save 60% to 99% of brokerage charges if they are associated with ProStocks.

Upstox Vs Prostocks
Upstox Vs Prostocks

Upstox Vs Prostocks Overall Services Offered: 

A comparative assessment of ratings of Overall Services Offered between Upstox and ProStocks below shows that both service providers have more or less similar statistical ratings and customer satisfaction figures.

 Particulars UpstoxProStocks
Overall Rating4.5 out of 54 out of 5
Brokerage Charges4.5 out of 54.5 out of 5
Trading Platform4.5 out of 53.5 out of 5
Investments Offering4 out of 54 out of 5
Customer Service4.5 out of 54 out of 5
Broker Type Discount BrokerDiscount Broker
Exchanges Supported BSE, NSE, MCXNSE, BSE

Comparison on AMC & AOC: 

A study on AMC and AOC in the below table shows that ProStocks doesn’t charge any amount for either AMC or AOC while Upstox charges a fixed amount of Rs.150 as a fixed amount except Trading AMC, which is free for their customers.

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ParticularsUpstoxProStocks
Trading Account Opening Fees150 RupeesFree
Trading AMCFreeFree
DEMAT Account Opening Fees150 RupeesFree
DEMAT AMC150 Rupees PA (Waived for 1st year)0 Rupees (1000 Rupees Refundable Deposit)
Provide DP Service

Upstox Vs Prostocks Brokerage Plan: 

ProStocks provides more choices for the investors to choose from different Brokerage Plans as per their requirements, while Upstox doesn’t have any Monthly or Yearly Plans for their customers.

Plan TypesUpstox BrokerageProStocks Brokerage
Multiple Plans
Monthly Plans
Yearly Plans

Upstox Vs Prostocks Brokerage Charge: 

Both Upstox and ProStocks charges a fixed amount as Brokerage charge from their customers. It can be also noticed that ProStocks charges a lesser amount as compared to Upstox.

ParticularsUpstoxProStocks
Plan NameMax 20 Rupees Per Order Trading PlanFlat Fee 15 Rupees Trading Plan
Equity DeliveryFreeFlat Fee 15 Rupees
Equity Intraday0.01% or 20 Rupees whichever is lowerFlat Fee 15 Rupees
Equity FuturesFlat Fee 20 RupeesFlat Fee 15 Rupees
Equity OptionsFlat Fee 20 RupeesFlat Fee 15 Rupees
Currency FuturesFlat Fee 20 RupeesFlat Fee 15 Rupees
Currency OptionsFlat Fee 20 RupeesFlat Fee 15 Rupees
Commodity TradingFlat Fee 20 RupeesNA
Minimum BrokerageNILNA
Hidden ChargesInfo Not AvailableNo
FundingInfo Not AvailableNo
Call & Trade Charges20 Rupees Per Executable Order10 Rupees per executed order

Comparison on Transaction Charge: 

In the case of Transaction Charges, Upstox still charges more than that of ProStocks in most of the cases except Equity Delivery and Equity Intraday.

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ParticularsUpstoxProStocks
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures210 Rupees Per Cr190 Rupees Per Cr
Equity Options5500 Rupees Per Cr5000 Rupees Per Cr
Currency Futures150 Rupees Per Cr110 Rupees Per Cr
Currency Options6000 Rupees Per Cr4000 Rupees Per Cr
CommodityNon-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr
NA

Comparison on Account Feature: 

If we assess the features of various accounts provided by both Upstox and ProStocks, it is quite noticeable that Upstox has more features than that of ProStocks. The only feature that Upstox lacks from that of ProStocks is that they do not facilitate Margin Trading Funding.

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

Upstox Vs Prostocks Trading Terminal: 

In the case of Trading Terminal or Trading Platforms used by both Upstox and ProStocks, we see that both facilitate various ways of terminals for their clients, except Mac version of Desktop Platform is not available by either of them.

ParticularsUpstoxProStocks
Desktop Trading PlatformDartStock /
Nest Trader /
Fox Trader
ProStocks,
NSE NOW
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailpro.upstox.comprostocksweb.com
Mobile Site
Mobile Trading
Mobile Trading AppUpstoxProStocks Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Product Offering: 

When we talk about the product range, both are less same except Upstox provides an additional product of commodity trading and mutual funds, which are not products offered by ProStocks.

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

Upstox Vs Prostocks Margin/Leverage/Exposure

If we compare Leverage, both Upstox and ProStocks are absolutely the same.

Particulars Upstox MarginProStocks Margin
Equity Delivery Leverage No Leverage for Equity Delivery.No Delivery leverage.
Equity Intraday Leverage Maximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage 1x implies real SPAN + leverage.1x means real SPAN + leverage.
Options Leverage 1x implies real SPAN + leverage in Sell and Superior leverage in Buy.1x implies real SPAN + leverage in Sell and Superior leverage in Buy.
Equity CO Leverage Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order.Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order.
Futures CO Leverage 1x implies real SPAN + Disclosure leverage, No further leverage for Futures Cover Order.1x implies real SPAN + Disclosure leverage, No further leverage for Futures Cover Order.
Options CO Leverage 1x implies real SPAN + Disclosure leverage (Sell) or Superior leverage (Purchase), No further leverage for Options Cover Order.1x implies real SPAN + Disclosure leverage (Sell) or Superior leverage (Purchase), No further leverage for Options Cover Order.
Commodity Leverage 1x implies real SPAN + Disclosure in Sell and Superior leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior leverage in Buy.
Prostocks Free Demat account
Upstox Vs Prostocks – Prostocks Free Demat account

Comparison on Customer Support: 

Customer support is a major department of every business house. Here, we find that there is a mix and match of different modes of Customer Support provided by both Upstox and ProStocks and are almost the same, except Upstox also provides an additional online live chat support to their clients, which is not provided by ProStocks.

ParticularsUpstoxProStocks
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number +91 22 6130 9999+91-2262-434343
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected] [email protected]
Knowledge Centre /Education upstox.com/help-centerprostocks.com/faq.html
Head Office Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai – 400 013
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai – 400063
Website upstox.comprostocks.com

Comparison of DEMAT Account Feature: 

Now, considering the features of Demat Account provided by Upstox and ProStocks, we see that in some cases Upstox charges less and in other few cases, ProStocks charges less. So, it’s just again a mix and match of the Demat Account Features provided by each of them.

 ParticularsUpstox Demat Account ProStocks Demat Account
DP SourceCDSLCDSL
DP ID 8180083200
Demat Account Annual Maintenance Charges(AMC)150 Rupees paFree (1000 Rupees Refundable Deposit)
Advance DepositNILRupees 1000/- Refundable Deposit against charges
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)13 Rupees + 5.50 Rupees CDSL charges8 Rupees + 5.50 Rupees (CDSL Charges) Flat Fee for every transaction
DEMAT20 Rupees + 50 Rupees courier charges50 Rupees per set up + 50 Rupees courier charges
REMAT100 Rupees for every hundred securities or 25 Rupees per certificate (whichever is higher)50 Rupees per set up + 50 Rupees courier charges
Pledge Creation0.02% of the transaction value (Min 50 Rupees) + CDSL charges50 Rupees
Pledge Creation Confirmation0.02% of the transaction value (Min 50 Rupees) + CDSL chargesNil
Pledge Closure0.02% of the transaction value (Min 50 Rupees) + CDSL charges50 Rupees
Pledge Closure Confirmation0.02% of the transaction value (Min 50 Rupees) + CDSL chargesNil
Pledge Invocation0.05% of the transaction value (Min 50 Rupees)50 Rupees
Failed Instruction Charges50 Rupees50 Rupees per transaction
Other ChargesNilNil

Conclusion: 

From all the above studies of various parameters of both Upstox and ProStocks, it can only be concluded that each of them has its own pros and cons in some of the other parameters.

A thorough study also reveals that both brokers have a strong base with happy customers. Now, it is the investor who has to decide what product they want to trade and then accordingly choose either Upstox or ProStocks.

Upstox demat account
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