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 MDirect
ProStocks Logo MDirect Logo
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 Type Discount Broker Discount Broker
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.

Account Opening Charges and AMC

Compare ProStocks vs MDirect - Trading and Demat Account Charges
  ProStocks MDirect
Trading Account Opening Fees Rs 300 - Promo Discount Rs 0 Now Rs 500
Trading AMC Rs 0 Nil
Demat Account Opening Fees Rs 0 Rs 200
Demat AMC Rs 0 RS 400/p.a - Waived for 1st year
Own DP Service Yes Yes

About Brokerage Plans

Compare ProStocks vs MDirect - Plan Options
  ProStocks MDirect
Monthly Plans Yes No
Yearly Plans Yes No

Contact Broker / Request A Call Back

  ProStocks MDirect
Contact / Request Call Back

Brokerage Charges

Compare ProStocks vs MDirect - Brokerage Charges
  ProStocks MDirect
Plan Name Flat Fee Plan Rs 18 Per Trader Plan
Plan Description 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 Rs 15 Rs 18 per executed order
Equity Intraday Rs 15 Rs 18 or 0.01 % whichever is lower
Equity Futures Rs 15 Rs 18 per executed order
Equity Options Rs 15 Rs 18 per executed order
Currency Futures Rs 15 Rs 18 per executed order
Currency Options Rs 15 Rs 18 per executed order
Commodity Trading NA Rs 18 per executed order
Minimum Brokerage NA
Brokerage Calculator Bro Calc for prostocks Bro Calc for mdirect

Share Broker's Transaction/Turnover Charges

Compare ProStocks vs MDirect - Transaction/Turnover Charges
  ProStocks MDirect
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 350 Per Cr
Equity Options Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures Rs 110 Per Cr Rs 215 Per Cr
Currency Options Rs 4000 Per Cr Rs 7000 Per Cr
Commodity NA

Trading Features

Compare ProStocks vs MDirect - Trading Feature and platform
  ProStocks MDirect
3 in 1 Account No No
Mobile Trading Yes Yes
Charting Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No No
Desktop Trading Platform ProStocks InHouse,NSE NOW Nest Plus
Web Trading Platform ProStocks Web,NSE NOW Mdirect Nest Plus
Mobile Trading Platform ProStocks Mobile ,NSE NOW Mdirect
SAS Online Review - 3.6*  Rs 999 Unlimited Trades
SAS ReviewEnquire Now
RKSV Review - 4* Rs 20 Per executed order
RKSV ReviewEnquire Now
Zerodha Review- Rated 4.5* Rs 20Per executed order
Zerodha ReviewEnquire Now
trade smart onlin review - 3.6*  Rs 15 Per executed order
TSO ReviewEnquire Now


Broker Ratings by Admin

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

Investment Services

Compare ProStocks vs MDirect - Investment Options
  ProStocks MDirect
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No No
Bond / NCD No No
Debt No No
Other Investment Options NA

Customer Service Offered

Compare ProStocks vs MDirect - Customer Service Offerance
  ProStocks MDirect
24/7 Customer Service No Yes
Email Support Yes Yes
Onine Live Chat No Yes
Phone Support Yes Yes
Toll Free Number No Yes
Through Branches No No

Tips/Research/Reports Published

Compare ProStocks vs MDirect - Research, Tips Reports
  ProStocks MDirect
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes


Special Offers,Advantages,Disadvantages

Compare ProStocks vs MDirect - Special Offers and Promotion
  ProStocks MDirect
  • Lowest call and trade charges.
  • Simple and low cost brokerage.
  • Industry's best tools and platforms.
  • Fully online account opening process.
  • 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...

  • 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

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

Flat Rs 20 Per Trade for F&O



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)


angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction


Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam