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Upstox Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to ProStocks. Upstox is rated 4.5 out of 5 where ProStocks is rated only 4 out of 5. Number of active customer for ProStocks is 6,563 where number of active customer for Upstox is . ProStocks is serving more customer compare to Upstox.

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

  Upstox Compare
Upstox
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? NSE, BSE, MCX NSE, BSE
Active Clients 6,563
Broker Overview Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. 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 Upstox Request call back from ProStocks
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Account Opening Charges and AMC

Compare Upstox vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Upstox with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with ProStocks
Charges Upstox ProStocks
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs ProStocks on Plan Options

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

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

Account Opening

  Upstox ProStocks
Account Opening Request
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Brokerage Charges

Compare Upstox vs ProStocks on Brokerage Charges

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

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 Upstox with ProStocks
Brokerage Charges Compare Upstox ProStocks
Plan Name Max Rs 20 Per Order Trading Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.05% or Rs 20 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Rs 50 + 18% GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 + 18% GST Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Upstox vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Upstox with ProStocks
Transaction Charges Compare Upstox 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 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for prostocks
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Account Features

Compare Upstox vs ProStocks on Account Features

Compare Upstox with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where ProStocks offers only 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 - Upstox offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - ProStocks offers NRI where Upstox doesn't offers NRI Trading.

Account Features - Upstox with ProStocks
Account Features Compare Upstox ProStocks
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox 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 Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Upstox vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox 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 Upstox with ProStocks
Trading Platform Compare Upstox ProStocks
Desktop Trading Platform Upstox Pro Star ProStocks
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox Star ProStocks
Mobile Trading App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox 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 Upstox Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Upstox vs ProStocks on User Rating

  Upstox ProStocks
  12 Customer Reviews    Rate Upstox 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.5 4.5
Trading Brokerage Rating 3.8 4.5
Trading Platform Usability 3.7 4.5
Customer Service Ratings 3.5 4.0
Overall Ratings 3.7 4.5
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Upstox vs ProStocks on Investment Offerings

Compare Upstox 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 - Upstox offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Upstox 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 Upstox with ProStocks
Investment Offerings Compare Upstox ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Upstox vs ProStocks on Order Types

Order Type - Compare Upstox 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) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a 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 Upstox with ProStocks
Order Type Compare Upstox ProStocks
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Upstox vs ProStocks on Customer Service

Compare Upstox 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 Upstox with ProStocks
Customer Service Compare Upstox ProStocks
24/7 Customer Service Upstox vs ProStocks - 24x7 customer support No No
Email Support Upstox vs ProStocks - Email Support Yes Yes
Onine Live Chat Upstox vs ProStocks - Onine Live Chat Yes No
Phone Support Upstox vs ProStocks - Phone Support Yes Yes
Toll Free Number Upstox vs ProStocks - Toll Free Number No No
Through Branches Upstox vs ProStocks - Through Branches Yes No
Customer Care Number Upstox vs ProStocks - Customer Care Number +91 22 6130 9999 +91-2262-434343
Account Opening Process Upstox vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Upstox vs ProStocks - Knowledge Center/Education https://upstox.com/help-center/ https://www.prostocks.com/faq.html
Head Office Address Upstox vs ProStocks - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Upstox vs ProStocks - Company Website https://upstox.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Upstox vs ProStocks on Research Reports, Tips

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

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

Compare Upstox vs ProStocks on Demat Account

Compare Upstox 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 Upstox is ₹300 PA. ProStocks is a better choice in terms of Demat AMC compare to Upstox.

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 Upstox is ₹13 + ₹5.50 CDSL charges 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 Upstox with ProStocks
  Upstox ProStocks
DP Source CDSL CDSL
DP ID Upstox vs ProStocks - DP ID 81800 83200
Demat Account Annual Maintenance Charges(AMC) ₹300 PA Free (₹1000 Refundable Deposit)
Advance Deposit NIL 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹20 per ISIN
Demat ₹20 + ₹50 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) ₹50
Failed Instruction Charges ₹50 ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Upstox vs ProStocks on Special Offers and Promotion

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

Compare Upstox vs ProStocks on Special Offers and Promotion
  Upstox ProStocks
Pay In and Pay Out Options Upstox vs ProStocks - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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 Upstox vs ProStocks - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Upstox vs ProStocks - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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 Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs 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 Upstox Account Now>> Open ProStocks Account Now>>

Last Updated on 2023-12-15T00:33:11+00:00