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Nuvama Wealth Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Nuvama Wealth offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Nuvama Wealth Max Rs 10 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. Nuvama Wealth is having overall lower rating compare to ProStocks. Nuvama Wealth is rated only 3.5 out of 5 where ProStocks is rated 4 out of 5. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for ProStocks is 6,589. Nuvama Wealth is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth vs ProStocks on Service

  Nuvama Wealth Compare
Nuvama Wealth
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, NCDEX NSE, BSE
Active Clients 1,74,590 6,589
Broker Overview One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth 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 Nuvama Wealth Request call back from ProStocks
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Account Opening Charges and AMC

Compare Nuvama Wealth vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with ProStocks
Charges Nuvama Wealth ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs ProStocks on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - ProStocks provides Monthly Plans where Nuvama Wealth doesn't offer

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

Account Opening

  Nuvama Wealth ProStocks
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs ProStocks on Brokerage Charges

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

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 Nuvama Wealth with ProStocks
Brokerage Charges Compare Nuvama Wealth ProStocks
Plan Name Nuvama Lite Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Rs. 10 per executed order Free
Equity Intraday Flat Rs. 10 per executed order Flat Fee Rs 15
Equity Futures Flat Rs. 10 per executed order Flat Fee Rs 15
Equity Options Flat Rs. 10 per executed order Flat Fee Rs 15
Currency Futures Flat Rs. 10 per executed order Flat Fee Rs 15
Currency Options Flat Rs. 10 per executed order Flat Fee Rs 15
Commodity Trading 0.01% NA
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Yes - 24% interest PA No
Call & Trade Charges Rs 20 per call Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 20 Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with ProStocks
Transaction Charges Compare Nuvama Wealth 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for prostocks
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Account Features

Compare Nuvama Wealth vs ProStocks on Account Features

Compare Nuvama Wealth 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 - Nuvama Wealth offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Nuvama Wealth vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth 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 Nuvama Wealth with ProStocks
Trading Platform Compare Nuvama Wealth ProStocks
Desktop Trading Platform Xtreme Trader 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 https://tlounge.edelweiss.in/Login https://www.prostocksweb.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader Star ProStocks
Mobile Trading App Demo Nuvama Mobile Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Nuvama Mobile Trader 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 Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Nuvama Wealth vs ProStocks on User Rating

  Nuvama Wealth ProStocks
  4 Customer Reviews    Rate Nuvama Wealth 4 Customer Reviews    Rate ProStocks
Fees Ratings 2.8 4.5
Trading Brokerage Rating 3.0 4.5
Trading Platform Usability 3.5 4.5
Customer Service Ratings 1.8 4.0
Overall Ratings 2.0 4.5
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs ProStocks on Investment Offerings

Compare Nuvama Wealth 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 - Nuvama Wealth offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Nuvama Wealth offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - Nuvama Wealth provide PMS Service where ProStocks doesn't offer

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

Compare Nuvama Wealth vs ProStocks on Order Types

Order Type - Compare Nuvama Wealth 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) - ProStocks provides Bracket Orders (BO) where Nuvama Wealth doesn't offer.With the name its cleare 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 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- ProStocks offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Nuvama Wealth with ProStocks
Order Type Compare Nuvama Wealth ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Nuvama Wealth vs ProStocks on Customer Service

Compare Nuvama Wealth 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 Nuvama Wealth with ProStocks
Customer Service Compare Nuvama Wealth ProStocks
24/7 Customer Service Nuvama Wealth vs ProStocks - 24x7 customer support No No
Email Support Nuvama Wealth vs ProStocks - Email Support Yes Yes
Onine Live Chat Nuvama Wealth vs ProStocks - Onine Live Chat No No
Phone Support Nuvama Wealth vs ProStocks - Phone Support Yes Yes
Toll Free Number Nuvama Wealth vs ProStocks - Toll Free Number Yes No
Through Branches Nuvama Wealth vs ProStocks - Through Branches Yes No
Customer Care Number Nuvama Wealth vs ProStocks - Customer Care Number 1800 102 3335 +91-2262-434343
Account Opening Process Nuvama Wealth vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Nuvama Wealth vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs ProStocks - Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.prostocks.com/faq.html
Head Office Address Nuvama Wealth vs ProStocks - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Nuvama Wealth vs ProStocks - Company Website https://www.nuvamawealth.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Nuvama Wealth vs ProStocks on Research Reports, Tips

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

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

Compare Nuvama Wealth vs ProStocks on Demat Account

Compare Nuvama Wealth 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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher 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 Nuvama Wealth with ProStocks
  Nuvama Wealth ProStocks
DP Source CDSL CDSL
DP ID Nuvama Wealth vs ProStocks - DP ID 19100 83200
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) Free (₹1000 Refundable Deposit)
Advance Deposit NIL 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹20 per ISIN
Demat ₹2 per certificate + ₹30 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% of transaction value (Min ₹50) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of transaction value (Min ₹50) ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of transaction value (Min ₹50) ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs ProStocks on Special Offers and Promotion

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

Compare Nuvama Wealth vs ProStocks on Special Offers and Promotion
  Nuvama Wealth ProStocks
Pay In and Pay Out Options Nuvama Wealth 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 Terminal X3,Nuvama Web,Mobile Trader.
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 Nuvama Wealth vs ProStocks - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Nuvama Wealth vs ProStocks - Bank Supported and Charges Info Not Available Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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
  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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 Nuvama Wealth Account Now>> Open ProStocks Account Now>>

Last Updated on 2024-01-15T22:01:18+00:00