FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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
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.
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.
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 |
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
Plan Types | Nuvama Wealth | ProStocks |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Nuvama Wealth | ProStocks | |
---|---|---|
Account Opening Request |
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 | 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 |
Compare Nuvama Wealth with ProStocks on transaction charges and PCM fee by segment.
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 |
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 Compare | Nuvama Wealth | ProStocks |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:15PM |
NRI Trading | ||
Other Features | NIL | NIL |
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 | ProStocks |
---|---|---|
Desktop Trading Platform | Xtreme Trader | Star ProStocks |
Desktop Demo | Desktop Demo | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://tlounge.edelweiss.in/Login | https://www.prostocksweb.com/ |
Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | Nuvama Mobile Trader | Star ProStocks |
Mobile Trading App Demo | Nuvama Mobile Trader Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod Nuvama Mobile Trader Download | Andriod Star ProStocks Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS Nuvama Mobile Trader Download | iOS Star ProStocks Download |
Android Tablet App | ||
iPad App (IOS) | ||
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 |
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 | ProStocks |
---|---|---|
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 Options | NIL | NIL |
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 Type Compare | Nuvama Wealth | ProStocks |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
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 Service Compare | Nuvama Wealth | ProStocks |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 1800 102 3335 | +91-2262-434343 |
Account Opening Process | Online/Paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://www.prostocks.com/faq.html |
Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
Website | https://www.nuvamawealth.com/ | https://www.prostocks.com |
Compare Nuvama Wealth with ProStocks on research reports and tips provided by the broker.
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
Compare Nuvama Wealth with ProStocks on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Nuvama Wealth | 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 | Upto 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
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 |
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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