ProStocks Vs MDirect

Here we present 1 on 1 comparison of ProStocks vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared ProStocks vs MDirect's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare ProStocks vs MDirect - Broker type and exchange supported
  ProStocks Logo
ProStocks
MDirect Logo
MDirect
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? NSE,BSE BSE,NSE,MCX,NCDEX,MSEI
Broker Overview ProStocks is a pure online stock broking firm initiated by well experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on quality of trade. MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.
Broker Enquiry Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ProStocks vs MDirect - Trading and Demat Account Charges
  ProStocks MDirect
Trading Account Opening Fees What is this parameter? Rs 300 - Promo Discount Rs 0 Now Rs 500
Trading AMC What is this parameter? Rs 0 Nil
Demat Account Opening Fees What is this parameter? Rs 0 Rs 200
Demat AMC What is this parameter? Rs 0 RS 400/p.a - Waived for 1st year
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare ProStocks vs MDirect - Plan Options
  ProStocks MDirect
Monthly Plans What is this parameter? Yes No
Yearly Plans What is this parameter? Yes No
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Contact Broker / Request A Call Back

  ProStocks MDirect
Contact / Request Call Back
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Brokerage Charges

Compare ProStocks vs MDirect - Brokerage Charges
  ProStocks MDirect
Plan Name What is this parameter? Flat Fee Plan Rs 18 Per Trader Plan
Plan Description What is this parameter? Rs 15, trade in any segment, fix price, no worries of volume and size of trade.Lower then Zerodha and RKSV, higher from SAS Online, but NO PCM FEE. Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? Rs 15 Rs 18 per executed order
Equity Intraday What is this parameter? Rs 15 Rs 18 or 0.01 % whichever is lower
Equity Futures What is this parameter? Rs 15 Rs 18 per executed order
Equity Options What is this parameter? Rs 15 Rs 18 per executed order
Currency Futures What is this parameter? Rs 15 Rs 18 per executed order
Currency Options What is this parameter? Rs 15 Rs 18 per executed order
Commodity Trading What is this parameter? NA Rs 18 per executed order
Minimum Brokerage What is this parameter? NA
Brokerage Calculator Brokerage Calculator for prostocks Brokerage Calculator for mdirect
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Share Broker's Transaction/Turnover Charges

Compare ProStocks vs MDirect - Transaction/Turnover Charges
  ProStocks MDirect
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 190 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures What is this parameter? Rs 110 Per Cr Rs 215 Per Cr
Currency Options What is this parameter? Rs 4000 Per Cr Rs 7000 Per Cr
Commodity What is this parameter? NA
Brokerage Charges Complete Brokerage Plans for prostocks Complete Brokerage Plans for mdirect
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Trading Features

Compare ProStocks vs MDirect - Trading Feature and platform
  ProStocks MDirect
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? Yes No
Combined Ledger for Equity and Commodity What is this parameter? No No
Intraday Square-off Time What is this parameter? 3:15 pm 3:15 pm
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare ProStocks vs MDirect - Trading Platform
  ProStocks MDirect
Desktop Trading Platform What is this parameter? ProStocks InHouse,NSE NOW Nest Plus
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No Yes
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? ProStocks Web,NSE NOW Mdirect Nest Plus
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? ProStocks Mobile ,NSE NOW Mdirect
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? Yes Yes
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? Yes Yes
Detail Detail on Trading Platforms for prostocks Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare ProStocks vs MDirect - Rating
  ProStocks MDirect
  1 Customer Reviews    Rate ProStocks Customer Reviews    Rate MDirect
Fees Ratings 4.0
Trading Brokerage Rating 4.0
Trading Platform Usability 4.0
Customer Service Ratings 3.0
Overall Ratings Rated 4.0 stars
Broker Rating ProStocks is Rated 4.0 / 5 based on 1 customer reviews
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Investment Services

Compare ProStocks vs MDirect - Investment Options
  ProStocks MDirect
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Online IPO Application What is this parameter? No No
Mutual Funds What is this parameter? No No
Bond / NCD What is this parameter? No No
Debt What is this parameter? No No
ETF What is this parameter? Yes Yes
Banking What is this parameter? No No
Insurance What is this parameter? No No
Forex What is this parameter? No No
SIP Investment What is this parameter? No No
Other Investment Options What is this parameter? NA
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Customer Service Offered

Compare ProStocks vs MDirect - Customer Service Offerance
  ProStocks MDirect
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No Yes
Through Branches What is this parameter? No No
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Tips/Research/Reports Published

Compare ProStocks vs MDirect - Research, Tips Reports
  ProStocks MDirect
Research Mutual Funds What is this parameter? No No
Research Equity Reports What is this parameter? No Yes
Research ETF What is this parameter? No No
Daily Market Report What is this parameter? No Yes
Free Tips What is this parameter? No Yes
Quarterly Result Analysis What is this parameter? No Yes
News Alerts What is this parameter? No Yes
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Demat Account

Compare ProStocks vs MDirect - Demat Account
  ProStocks MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Nil
Advance Deposit 1000/- Refundable Deposit against charges
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) Rs.8/- + Rs 5.50/-(CDSL charges) per ISIN
Demat Rs 50/- per set up + Rs 50/-courier charges
Remat Rs 50/- per set up + Rs 50/-courier
Pledge Creation Rs 50/- per set up
Pledge Creation Confirmation Nil
Pledge Closure Rs 50/- per set up
Pledge Closure Confirmation Nil
Pledge Invocation Rs 50/- per set up
Failed Instruction Charges Failed transactions Rs 50/- per ISIN
Other Charges NIL

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Special Offers,Advantages,Disadvantages

Compare ProStocks vs MDirect - Special Offers and Promotion
  ProStocks MDirect
Likes
  • Lowest call and trade charges.
  • Simple and low cost brokerage.
  • Industry's best tools and platforms.
  • Fully online account opening process.
  • IVRS facilities for backoffice and balance confirmation.
  • Strong back office support.
  • Best customer support.
  • Rs 0 PCM fee

More Advantages...

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

Dislikes
  • Not a 3 in 1 broker.
  • Doesn't provide trading in commodity, IPOs and Mutual Fund.

More Disadvantages...

  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

Special Offers/Promo

Free Trading & Demat Account (for limited time only)

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.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

Enquire about ProStocks Enquire about MDirect

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam



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