Zerodha Vs Prostocks – Comparison:
Comparing Zerodha vs Prostocks in terms of all product-wise details which are essential for every investor we get the detailed study. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.
Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
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 Features:
Zerodha:
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
Prostocks:
- Lowest Exchange Transaction charge
- Flat fee-based brokerage plans
- Supportive customer assistance.
- Paperless & fully online account opening process.
- Call & trade is inexpensive of all.
Comparison on Segment-Wise Service Ratings:
Comparing Zerodha vs Prostocks based on customer service review we get the below-mentioned information.
We can see from the below table, that in terms of the investment offering & brokerage charge Zerodha & Prostocks are similar in rating. But in terms of trading platform & customer support, Zerodha is a step ahead of Prostocks.
| Particulars | Zerodha | ProStocks |
| Overall Rating | 4.5 out of 5 | 4 out of 5 |
| Brokerage Charges | 4.5 out of 5 | 4.5 out of 5 |
| Trading Platform | 4.5 out of 5 | 3.5 out of 5 |
| Investments Offering | 4 out of 5 | 4 out of 5 |
| Customer Service | 4.5 out of 5 | 4 out of 5 |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX-SX, and MCX | NSE, BSE |
Comparison on AOC & AMC:
Comparing Zerodha vs Prostocks based on AOC & AMC we get the below information. Both the broker offers trading AMC & DEMAT account opening fee-free.
Apart from that Prostocks offers free trading account opening & literally free DEMAT AMC too.
| Charges | Zerodha | ProStocks |
| Account Opening Fees- Trading A/c | Online 200 Rupees (T+D),300 Rupees (T+D+C). Offline 400 Rupees (T+D), 600 Rupees (T+D+C). T*Trading, D*Demat, C*Commodity | Free |
| AMC of Trading A/c | Free | Free |
| Account Opening Fees- DEMAT | Free | Free |
| AMC of DEMAT | 300 Rupees PA | 0 Rupees (1000 Rupees Refundable Deposit) |
| DP Service | ✔ | ✔ |
Zerodha Vs Prostocks Brokerage Plan:
Zerodha doesn’t offer any brokerage plan to the customer. But Prostocks offers Multiple types, Monthly type as well as Yearly type brokerage plans to their customer. Details of brokerage plans are mentioned here below:
| Plan Types | Zerodha Brokerage | ProStocks Brokerage |
| Multiple Brokerage Plans | ✘ | ✔ |
| Monthly Brokerage Plans | ✘ | ✔ |
| Yearly Brokerage Plans | ✘ | ✔ |
Zerodha Vs Prostocks Brokerage Charge:
Comparing Zerodha vs Prostocks based on brokerage fee offering we get the below-mentioned information.
We can see in the below table that both Zerodha and Prostocks offer flat fee-based brokerage. Also, both the broker doesn’t have any minimum brokerage charge available.
| Particulars | Zerodha | ProStocks |
| Plan Name | Max 20 Rupees per order Trading Plan | Flat Fee 15 Rupees Trading Plan |
| Equity Delivery | Free | Flat Fee 15 Rupees |
| Equity Intraday | 0.01% or 20 Rupees whichever is lower | Flat Fee 15 Rupees |
| Equity Futures | 0.01% or 20 Rupees whichever is lower | Flat Fee 15 Rupees |
| Equity Options | Flat Fee 20 Rupees | Flat Fee 15 Rupees |
| Currency Futures | 0.01% or 20 Rupees whichever is lower | Flat Fee 15 Rupees |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 15 Rupees |
| Commodity Trading | Flat Fee 20 Rupees | NA |
| Minimum Brokerage | NIL | NA |
| Hidden Charges | No | No |
| Funding | Info Not Available | No |
| Call & Trade Charges | 20 Rupees Per Executable Order | 10 Rupees per executed order |
Comparison on Transaction Charge:
Contrasting Zerodha vs Prostocks on transaction charge we get the below details.
Here we can see that the transaction charge of Zerodha and Prostocks is the same only excluding the currency future and currency options part. In those segments, the charge of Zerodha is higher than Prostocks.
| Particulars | Zerodha | ProStocks |
| 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 | 135 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options | 4400 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity | Non-Agri: 360 Rupees Per Cr Agri: 275 Rupees Per Cr | NA |
Compare Account Feature:
Comparing Zerodha vs Prostocks based on account feature we derived the below-mentioned table. Account features can be benifitial, when you are accessing your trading account and investments.
| Particulars | Zerodha | ProStocks |
| 3 in 1 Account Services | ✘ | ✘ |
| Charting Services | ✔ | ✔ |
| Algo Trading Services | ✔ | ✘ |
| SMS Alerts Services | ✘ | ✔ |
| Online Demo Services | ✔ | ✔ |
| Online Portfolio Services | ✔ | ✘ |
| Margin Trading Funding Services | ✘ | ✔ |
| Combined Ledger for Equity and Commodity Services | ✔ | ✘ |
| Intraday Square-off Time Services | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
| Other Services | NIL | NIL |
Zerodha Vs Prostocks Trading Terminal:
A trading media is a significant part of any broker’s offering. Nowadays investors attract mostly over better & smarter technology. Here we have compared Zerodha vs Prostocks based on their trading terminal offering:
| Particulars | Zerodha | ProStocks |
| Desktop Trading Platform | Zerodha PI | ProStocks, NSE NOW |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✘ | ✘ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | kite.zerodha.com/ | prostocksweb.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Zerodha Kite | ProStocks Mobile |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparison on Product:
Comparing Zerodha vs Prostocks based on their product offering we derived this below information.
| Particulars | Zerodha | ProStocks |
| Equity Cash and F&O | ✔ | ✔ |
| Currency Deravitives | ✔ | ✔ |
| Commodity | ✔ | ✘ |
| Online IPO Application | ✔ | ✘ |
| Mutual Funds | ✔ | ✘ |
| Bond / NCD | ✔ | ✘ |
| ETF | ✔ | ✔ |
| Banking | ✘ | ✘ |
| Insurance | ✘ | ✘ |
| Forex | ✘ | ✘ |
| MF SIP Investment | ✔ | ✘ |
| Equity SIP Investment | ✘ | ✘ |
| PMS Service | ✘ | ✘ |
| Other Investment Options | NIL | NIL |
Comparison of Leverage:
Considering the Leverage/Margin we here have compared Zerodha vs Prostocks as below:
| Particulars | Zerodha Margin | ProStocks Margin |
| Equity Delivery Leverage | No Delivery leverage. | 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 + Exposure. | 1x implies real SPAN + Exposure. |
| Options Leverage | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy. | 1x implies real SPAN + Disclosure in Sell and Superior Margin 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 margin, No further Leverage for Futures Cover Order. | 1x implies real SPAN + Disclosure margin, No further Leverage for Futures Cover Order. |
| Options CO Leverage | 1x implies real SPAN + Disclosure margin (Sell) or Superior Margin (Purchase), No further Margin for Options Cover Order. | 1x implies real SPAN + Disclosure margin (Sell) or Superior Margin (Purchase), No further Margin for Options Cover Order. |
| Commodity Leverage | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Purchase. | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Purchase. |
Comparison on Customer Support:
Better customer support is nowadays a mentionable point to attract customers. Zerodha & Prostocks is no exception to this. In terms of customer assistance, we have compared Zerodha vs Prostocks as below:
| Particulars | Zerodha | ProStocks |
| 24/7 Customer Service | ✘ | ✘ |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✘ | ✘ |
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✘ | ✘ |
| Through Branches | ✔ | ✘ |
| Customer Care Number | “+ 91 80 4040 2020” | +91-2262-434343 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | support.zerodha.com | prostocks.com/faq.html |
| Head Office Address | Zerodha Headquarter #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078 | Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai – 400063 |
| Website | https://zerodha.com/ | https://www.prostocks.com |
Zerodha Vs Prostocks DEMAT Account Feature:
Comparing Zerodha vs Prostocks based on the DEMAT account feature we derived the below-mentioned information.
| Particulars | Zerodha | ProStocks |
| DP Source | CDSL | CDSL |
| DP ID | 81600 | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | 300 Rupees pa | Free ( 1000 Rupees Refundable Deposit) |
| Advance Deposit | Nil | 1000/- Rupees Refundable Deposit against charges |
| Statutory charges | 50 Rupees | Nil |
| Transaction Charges on Debit (Per ISIN) | 8 Rupees + 5.50 Rupees (CDSL Charges) per transaction | 8 Rupees + 5.50 Rupees (CDSL Charges) Flat Fee for every transaction |
| Demat | 150 Rupees per certificate + 100 Rupees courier charges | 50 Rupees per set up + 50 Rupees courier charges |
| Remat | 150 Rupees per certificate + 100 Rupees courier charges + CDSL Charges | 50 Rupees per set up + 50 Rupees courier charges |
| Pledge Creation | 20 Rupees + 12 Rupees CSDL charges | 50 Rupees |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | 20 Rupees + 12 Rupees CSDL charges | 50 Rupees |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | 20 Rupees | 50 Rupees |
| Failed Instruction Charges | 50 Rupees per instruction | 50 Rupees per transaction |
| Other Charges | Nil | Nil |
Conclusion:
Both Zerodha and Prostocks are renowned in their segments for various amenities they offer to the customers. Zerodha is renowned for being remarkable in terms of online assistance and economic charge. Whereas, Prostocks is a trusted brand with millions of tech-savvy customers with reasonable charge structure. But choosing of broker should be done keeping in mind the exact & individual needs.
