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Zerodha Vs Prostocks – Comparison

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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: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.

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. 
Zerodha Vs Prostocks Comparison

Comparison on Segment-Wise Service Ratings:

Comparing Zerodha vs Prostocks based on customer service review we get the below-mentioned information.

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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 ZerodhaProStocks
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 NSE, BSE, MCX-SX, and MCXNSE, 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.

ChargesZerodhaProStocks
Account Opening Fees- Trading A/cOnline 200 Rupees (T+D),300 Rupees (T+D+C). Offline 400 Rupees (T+D), 600 Rupees (T+D+C). T*Trading, D*Demat, C*CommodityFree
AMC of Trading A/cFreeFree
Account Opening Fees- DEMATFreeFree
AMC of DEMAT300 Rupees PA0 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 TypesZerodha BrokerageProStocks 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.

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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.

ParticularsZerodhaProStocks
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 Futures0.01% or 20 Rupees whichever is lowerFlat Fee 15 Rupees
Equity OptionsFlat Fee 20 RupeesFlat Fee 15 Rupees
Currency Futures0.01% or 20 Rupees whichever is lowerFlat Fee 15 Rupees
Currency OptionsFlat Fee 20 RupeesFlat Fee 15 Rupees
Commodity TradingFlat Fee 20 RupeesNA
Minimum BrokerageNILNA
Hidden ChargesNoNo
FundingInfo Not AvailableNo
Call & Trade Charges20 Rupees Per Executable Order10 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.

ParticularsZerodhaProStocks
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 Futures135 Rupees Per Cr110 Rupees Per Cr
Currency Options4400 Rupees Per Cr4000 Rupees Per Cr
CommodityNon-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.

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ParticularsZerodhaProStocks
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 Services3:15 PM3:15 PM
NRI Trading
Other ServicesNILNIL

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:

ParticularsZerodhaProStocks
Desktop Trading PlatformZerodha PIProStocks, NSE NOW
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailkite.zerodha.com/prostocksweb.com
Mobile Site
Mobile Trading
Mobile Trading AppZerodha KiteProStocks Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Product: 

Comparing Zerodha vs Prostocks based on their product offering we derived this below information.

ParticularsZerodhaProStocks
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 OptionsNILNIL

Comparison of Leverage: 

Considering the Leverage/Margin we here have compared Zerodha vs Prostocks as below:

ParticularsZerodha MarginProStocks Margin
Equity Delivery Leverage No Delivery leverage.No Delivery leverage.
Equity Intraday LeverageMaximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage1x implies real SPAN + Exposure.1x implies real SPAN + Exposure.
Options Leverage1x 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 LeverageMaximum 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 Leverage1x 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 Leverage1x 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 Leverage1x 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:

ParticularsZerodhaProStocks
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/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education support.zerodha.comprostocks.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
open prostocks demat account

Zerodha Vs Prostocks DEMAT Account Feature: 

Comparing Zerodha vs Prostocks based on the DEMAT account feature we derived the below-mentioned information.

 ParticularsZerodhaProStocks
DP SourceCDSLCDSL
DP ID 8160083200
Demat Account Annual Maintenance Charges(AMC) 300 Rupees paFree ( 1000 Rupees Refundable Deposit)
Advance DepositNil1000/- Rupees Refundable Deposit against charges
Statutory charges 50 RupeesNil
Transaction Charges on Debit (Per ISIN)8 Rupees +  5.50 Rupees (CDSL Charges) per transaction8 Rupees +  5.50 Rupees (CDSL Charges) Flat Fee for every transaction
Demat150 Rupees per certificate +  100 Rupees courier charges50 Rupees per set up +  50 Rupees courier charges
Remat150 Rupees per certificate +  100 Rupees courier charges + CDSL Charges50 Rupees per set up +  50 Rupees courier charges
Pledge Creation20 Rupees +  12 Rupees CSDL charges50 Rupees
Pledge Creation ConfirmationNilNil
Pledge Closure20 Rupees +  12 Rupees CSDL charges50 Rupees
Pledge Closure ConfirmationNilNil
Pledge Invocation20 Rupees50 Rupees
Failed Instruction Charges50 Rupees per instruction50 Rupees per transaction
Other ChargesNilNil
open zerodha demat account

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.

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