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Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Groww Max Rs 20 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 53,73,705 where number of active customer for ProStocks is 5,899. Groww is serving more customer compare to ProStocks.
Here we present side-by-side comparison of Groww 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 Groww 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 Groww 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 Groww 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.
 Groww |
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Broker Type
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Discount Broker | Discount Broker |
| Exchanges Supported
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NSE, BSE | NSE, BSE |
| Active Clients | 53,73,705 | 5,899 |
| Broker Overview | Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...  |
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... |
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Comparison of Groww with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
| Charges | Groww | ProStocks |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Free | Rs 0 (Rs 1000 Refundable Deposit) |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Groww with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - ProStocks provides Multiple Plans where Groww doesn't offer. Monthly Plans - ProStocks provides Monthly Plans where Groww doesn't offer
| Plan Types | Groww | ProStocks |
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| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | ProStocks | |
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| Account Opening Request |
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
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 | Groww | ProStocks |
|---|---|---|
| Plan Name | Flat Brokerage Plan | Flat Fee Rs 15 Trading Plan |
| Equity Delivery | 0.05% or Rs 20 whichever is lower | Free |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 |
| Equity Futures | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Currency Futures | Not Available | Flat Fee Rs 15 |
| Currency Options | Not Available | Flat Fee Rs 15 |
| Commodity Trading | Not Available | NA |
| Minimum Brokerage | NIL | NA |
| Hidden Charges | Info Not Available | No |
| Funding | Info Not Available | No |
| Call & Trade Charges | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Auto Square off Charges | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Brokerage Calculator | Brokerage Calculator for Groww | Brokerage Calculator for ProStocks |
Compare Groww with ProStocks on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Groww | ProStocks |
|---|---|---|
| Equity Delivery | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Intraday | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Futures | Rs 200 Per Cr | Rs 200 Per Cr |
| Equity Options | Rs 5050 Per Cr | Rs 5050 Per Cr |
| Currency Futures | Rs 90 Per Cr | Rs 90 Per Cr |
| Currency Options | Rs 3500 Per Cr | Rs 3500 Per Cr |
| Commodity | NA | NA |
| Brokerage Charges | Complete Brokerage Plans for groww | Complete Brokerage Plans for prostocks |
Compare Groww 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 Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - ProStocks offers NRI where Groww doesn't offers NRI Trading.
| Account Features Compare | Groww | ProStocks |
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| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:10 PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Groww 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 | Groww | ProStocks |
|---|---|---|
| Desktop Trading Platform | Star ProStocks | |
| Desktop Demo | Info Not Available | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | Yes | https://www.prostocksweb.com/ |
| Web Trading Demo | Info Not Available | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | Yes | Star ProStocks |
| Mobile Trading App Demo | Info Not Available | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod Yes Download | Andriod Star ProStocks Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Yes Download | iOS Star ProStocks Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for ProStocks |
| Options Brokerage Calculator | Options Brokerage Calculator for Groww | Options Brokerage Calculator for ProStocks |
| Detail | Detail on Trading Platforms for groww | Detail on Trading Platforms for prostocks |
| Groww | ProStocks | |
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6 Customer Reviews
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3 Customer Reviews
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| Fees Ratings |  |
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| Overall Ratings |  |
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| Broker Rating | Groww is Rated 4.5 / 5 based on 6 customer reviews | ProStocks is Rated 4.3 / 5 based on 3 customer reviews |
Compare Groww 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 - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Groww 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 | Groww | ProStocks |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Online IPO Application | |
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| Banking | |
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| Insurance | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Groww 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) - ProStocks provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a 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 Groww 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)- ProStocks offers After market orders where Groww doesn't offers AMO. GTC Orders- ProStocks offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Groww | ProStocks |
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| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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Compare Groww 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 | Groww | ProStocks |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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9108800604 | +91-2262-434343 |
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Online | Online/Paperless |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://groww.in/academy | https://www.prostocks.com/faq.html |
| Head Office Address
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Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
| Website
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https://groww.in/ | https://www.prostocks.com |
Compare Groww with ProStocks on research reports and tips provided by the broker.
| Groww | ProStocks | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare Groww 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 Groww is Zero. ProStocks is a better choice in terms of Demat AMC compare to Groww.
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 Groww is ₹8 + ₹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
| Groww | ProStocks | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
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No | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | Zero | Free (₹1000 Refundable Deposit) |
| Advance Deposit | Nil | 1000/- Refundable Deposit against charges |
| Statutory charges | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 CDSL charges | ₹20 per ISIN |
| Demat | ₹150 per certificate + courier charges | ₹50 per set up + ₹50 courier charges |
| Remat | ₹150 per certificate + courier charges | ₹50 per set up + ₹50 courier charges |
| Pledge Creation | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Pledge Creation Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Closure | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Pledge Closure Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Invocation | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Failed Instruction Charges | ₹50 | ₹50 per transaction |
| Other Charges | Nil | Nil |
Compare Groww with ProStocks on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Groww | ProStocks | |
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| Pay In and Pay Out Options
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pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww 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
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Max 24 hrs except bank holidays | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges
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Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. |
| Bank Detail | Info Not Available | SUNLIGHT BROKING LLP, Account Number:00600340080912 Bank and Branch: HDFC BANK, FORT Account Type: Current Account IFSC Code: HDFC0000060 |
| Likes |
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
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| Dislikes |
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
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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 Zerodha Account Now>> | Open ProStocks Account Now>> |
Last Updated on 2023-04-19T06:08:36+00:00
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