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Religare Broking Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Religare Broking offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Religare Broking Max 0.05 to 0.50% per trade while the brokerage of ProStocks ranges between Rs 15. Religare Broking is a Full Service Broker where ProStocks is a Discount Broker. Religare Broking is having overall lower rating compare to ProStocks. Religare Broking is rated only 3.5 out of 5 where ProStocks is rated 4 out of 5. Number of active customer for Religare Broking is 1,43,944 where number of active customer for ProStocks is 6,589. Religare Broking is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking vs ProStocks on Service

  Religare Broking Compare
Religare Broking
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 1,43,944 6,589
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare Religare Broking vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Religare Broking with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with ProStocks
Charges Religare Broking ProStocks
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs ProStocks on Plan Options

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

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

Account Opening

  Zerodha ProStocks
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs ProStocks on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with ProStocks
Brokerage Charges Compare Religare Broking ProStocks
Plan Name Religare One Brokerage Plan (Percentage Based) Flat Fee Rs 15 Trading Plan
Equity Delivery 0.50% to 0.10% Free
Equity Intraday 0.05% to 0.01% Flat Fee Rs 15
Equity Futures 0.05% or 5 paisa Flat Fee Rs 15
Equity Options Rs 70 Per Lot Flat Fee Rs 15
Currency Futures 0.05% or 5 paisa Flat Fee Rs 15
Currency Options Rs 30 Per Lot Flat Fee Rs 15
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot NA
Minimum Brokerage 1p per share NA
Hidden Charges Yes No
Funding Yes - 21% interest PA No
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Religare Broking vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Religare Broking with ProStocks
Transaction Charges Compare Religare Broking 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 religare-broking Complete Brokerage Plans for prostocks
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Account Features

Compare Religare Broking vs ProStocks on Account Features

Compare Religare Broking 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 - ProStocks offers Algo Trading where Religare Broking doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Religare Broking vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with ProStocks
Trading Platform Compare Religare Broking ProStocks
Desktop Trading Platform OdinDiet and Power FnO 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://secure.religareonline.com/Login.aspx https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Star ProStocks
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Religare Broking vs ProStocks on User Rating

  Religare Broking ProStocks
  56 Customer Reviews    Rate Religare Broking 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.2 4.5
Trading Brokerage Rating 3.2 4.5
Trading Platform Usability 3.0 4.5
Customer Service Ratings 2.9 4.0
Overall Ratings 2.9 4.5
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Religare Broking vs ProStocks on Investment Offerings

Compare Religare Broking 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 - Religare Broking offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Religare Broking 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 Religare Broking with ProStocks
Investment Offerings Compare Religare Broking 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 No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Religare Broking vs ProStocks on Order Types

Order Type - Compare Religare Broking 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 Religare Broking 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- 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 Religare Broking with ProStocks
Order Type Compare Religare Broking 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 Yes Yes
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Customer Service Offered

Compare Religare Broking vs ProStocks on Customer Service

Compare Religare Broking 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 Religare Broking with ProStocks
Customer Service Compare Religare Broking ProStocks
24/7 Customer Service Religare Broking vs ProStocks - 24x7 customer support No No
Email Support Religare Broking vs ProStocks - Email Support Yes Yes
Onine Live Chat Religare Broking vs ProStocks - Onine Live Chat No No
Phone Support Religare Broking vs ProStocks - Phone Support Yes Yes
Toll Free Number Religare Broking vs ProStocks - Toll Free Number No No
Through Branches Religare Broking vs ProStocks - Through Branches Yes No
Customer Care Number Religare Broking vs ProStocks - Customer Care Number 1860-25-88888 +91-2262-434343
Account Opening Process Religare Broking vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs ProStocks - Knowledge Center/Education Not available https://www.prostocks.com/faq.html
Head Office Address Religare Broking vs ProStocks - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Religare Broking vs ProStocks - Company Website http://www.religareonline.com https://www.prostocks.com
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Tips/Research/Reports Published

Compare Religare Broking vs ProStocks on Research Reports, Tips

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

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

Compare Religare Broking vs ProStocks on Demat Account

Compare Religare Broking 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.

Demat AMC for ProStocks is Free (₹1000 Refundable Deposit) where for Religare Broking is ₹400 pa. ProStocks is a better choice in terms of Demat AMC compare to Religare Broking.

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 Religare Broking is ₹12 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 Religare Broking with ProStocks
  Religare Broking ProStocks
DP Source CDSL CDSL
DP ID Religare Broking vs ProStocks - DP ID 30200 83200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1000 Refundable Deposit)
Advance Deposit Rs. 500/- 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹20 per ISIN
Demat ₹5 per certificate + ₹30 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹50
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹50
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs ProStocks on Special Offers and Promotion

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

Compare Religare Broking vs ProStocks on Special Offers and Promotion
  Religare Broking ProStocks
Pay In and Pay Out Options Religare Broking 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 Religare Mobile, Rligare Desktop and Web application.
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 Religare Broking vs ProStocks - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Religare Broking vs ProStocks - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

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
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

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 - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin. 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 Zerodha Account Now>> Open ProStocks Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00