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Fyers Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Fyers offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Fyers Max Rs 20 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Fyers is 2,19,169 where number of active customer for ProStocks is 6,589. Fyers is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Fyers vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Fyers vs ProStocks's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Fyers vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Fyers vs ProStocks's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Fyers vs ProStocks on Service

  Fyers Compare
Fyers
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE, BSE
Active Clients 2,19,169 6,589
Broker Overview Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i... Know more about Fyers Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks
Broker Enquiry Request call back from Fyers Request call back from ProStocks
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Account Opening Charges and AMC

Compare Fyers vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Fyers with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Fyers with ProStocks
Charges Fyers ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Fyers vs ProStocks on Plan Options

Plans are the most important feature you look when compare Fyers with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - ProStocks provides Multiple Plans where Fyers doesn't offer. Monthly Plans - ProStocks provides Monthly Plans where Fyers doesn't offer

Compare Fyers with ProStocks on Plan Options
Plan Types Fyers ProStocks
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
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Account Opening Request

Account Opening

  Fyers ProStocks
Account Opening Request
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Brokerage Charges

Compare Fyers vs ProStocks on Brokerage Charges

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare Fyers with ProStocks
Brokerage Charges Compare Fyers ProStocks
Plan Name Max Rs 20 Per Order Trading Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL NA
Hidden Charges No No
Funding No No
Call & Trade Charges Rs 50 Per Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 Per Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Fyers Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Fyers vs ProStocks on Transaction Charges

Compare Fyers with ProStocks on transaction charges and PCM fee by segment.

Transaction Charges - Compare Fyers with ProStocks
Transaction Charges Compare Fyers ProStocks
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for fyers Complete Brokerage Plans for prostocks
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Account Features

Compare Fyers vs ProStocks on Account Features

Compare Fyers with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - ProStocks offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Fyers with ProStocks
Account Features Compare Fyers ProStocks
3 in 1 Account No Fyers have 2-in-1 account. Only Demate and Trading account. No Fyers have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading No Yes
Other Features Fyers 30 Day Challenge NIL
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Trading Platform

Compare Fyers vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers and ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Fyers with ProStocks
Trading Platform Compare Fyers ProStocks
Desktop Trading Platform Fyers One Star ProStocks
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Fyers Web https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Fyers 2.0 Mobile App Star ProStocks
Mobile Trading App Demo Fyers 2.0 Mobile App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Fyers 2.0 Mobile App Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Fyers 2.0 Mobile App Download iOS Star ProStocks Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Fyers Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for fyers Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Fyers vs ProStocks on User Rating

  Fyers ProStocks
  10 Customer Reviews    Rate Fyers 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.5 4.5
Trading Brokerage Rating 3.6 4.5
Trading Platform Usability 3.6 4.5
Customer Service Ratings 3.4 4.0
Overall Ratings 3.2 4.5
Broker Rating Fyers is Rated 3.2 / 5 based on 10 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Fyers vs ProStocks on Investment Offerings

Compare Fyers with ProStocks on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Fyers offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Fyers offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Fyers with ProStocks
Investment Offerings Compare Fyers ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Fyers vs ProStocks on Order Types

Order Type - Compare Fyers with ProStocks on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Fyers with ProStocks
Order Type Compare Fyers ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Fyers vs ProStocks on Customer Service

Compare Fyers with ProStocks on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Fyers with ProStocks
Customer Service Compare Fyers ProStocks
24/7 Customer Service Fyers vs ProStocks - 24x7 customer support No No
Email Support Fyers vs ProStocks - Email Support Yes Yes
Onine Live Chat Fyers vs ProStocks - Onine Live Chat No No
Phone Support Fyers vs ProStocks - Phone Support Yes Yes
Toll Free Number Fyers vs ProStocks - Toll Free Number No No
Through Branches Fyers vs ProStocks - Through Branches No No
Customer Care Number Fyers vs ProStocks - Customer Care Number 08060001111 +91-2262-434343
Account Opening Process Fyers vs ProStocks - Account Opening Process 100% online and paperless proc Online/Paperless
Customer Support Email Fyers vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Fyers vs ProStocks - Knowledge Center/Education https://fyers.in/school-of-stocks/ https://www.prostocks.com/faq.html
Head Office Address Fyers vs ProStocks - Head Office Address/Corporate Address Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Fyers vs ProStocks - Company Website https://fyers.in/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Fyers vs ProStocks on Research Reports, Tips

Compare Fyers with ProStocks on research reports and tips provided by the broker.

Research Reports - Compare Fyers with ProStocks
  Fyers ProStocks
Research Mutual Funds Fyers vs ProStocks - Research Mutual Funds No No
Research Equity Reports Fyers vs ProStocks - Research Equity Reports No No
Research ETF Fyers vs ProStocks - Research ETF No No
Daily Market Report Fyers vs ProStocks - Daily Market Report No No
Free Tips Fyers vs ProStocks - Free Tips No No
Quarterly Result Analysis Fyers vs ProStocks - Quarterly Results No No
News Alerts Fyers vs ProStocks - Yes No
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Demat Account

Compare Fyers vs ProStocks on Demat Account

Compare Fyers with ProStocks on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Both the brokers offer Free Demat AMC.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction where for ProStocks is ₹20 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Fyers with ProStocks
  Fyers ProStocks
DP Source CDSL CDSL
DP ID Fyers vs ProStocks - DP ID 432-2019 83200
Demat Account Annual Maintenance Charges(AMC) Free Free (₹1000 Refundable Deposit)
Advance Deposit Nil 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹20 per ISIN
Demat ₹0 ₹50 per set up + ₹50 courier charges
Remat ₹0 ₹50 per set up + ₹50 courier charges
Pledge Creation Nil ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Fyers vs ProStocks on Special Offers and Promotion

Compare Fyers with ProStocks on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Fyers vs ProStocks on Special Offers and Promotion
  Fyers ProStocks
Pay In and Pay Out Options Fyers vs ProStocks - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Fyers vs ProStocks - Payout Time Up to 24 Hrs except for Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Fyers vs ProStocks - Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...

Dislikes
  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Open Fyers Account Now>> Open ProStocks Account Now>>

Last Updated on 2024-01-08T01:50:46+00:00