TopShareBrokers.com Logo
FREE Account Opening + Lifetime Free Demat AMC*
Loading...

ICICIDirect Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of ProStocks ranges between Rs 15. ICICIDirect is a Full Service Broker where ProStocks is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ICICIDirect is 29,08,417 where number of active customer for ProStocks is 6,007. ICICIDirect is serving more customer compare to ProStocks.

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

  ICICIDirect Compare
ICICIDirect
ProStocks Compare
ProStocks
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 2.5 stars Rated 4.5 stars
Trading Platform Rated 4.5 stars Rated 3.5 stars
Investments Offering Rated 5 stars Rated 4 stars
Customer Service Rated 4 stars Rated 4 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 29,08,417 6,007
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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
Expand

Account Opening Charges and AMC

Compare ICICIDirect vs ProStocks on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with ProStocks
Charges ICICIDirect ProStocks
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare ICICIDirect vs ProStocks on Plan Options

Plans are the most important feature you look when compare ICICIDirect 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 ICICIDirect doesn't offer

Compare ICICIDirect with ProStocks on Plan Options
Plan Types ICICIDirect ProStocks
Multiple Plans Yes Yes
Monthly Plans No Yes
Yearly Plans No Yes
Expand

Account Opening Request

Account Opening

  Zerodha ProStocks
Account Opening Request
Expand

Brokerage Charges

Compare ICICIDirect vs ProStocks on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures 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 ICICIDirect with ProStocks
Brokerage Charges Compare ICICIDirect ProStocks
Plan Name NEO Flat Discount Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 0.55% Free
Equity Intraday Flat Rs. 20 per order Flat Fee Rs 15
Equity Futures Free (Rs. 0 brokerage) Flat Fee Rs 15
Equity Options Flat Rs. 20 per order Flat Fee Rs 15
Currency Futures Flat Rs. 20 per order Flat Fee Rs 15
Currency Options Flat Rs. 20 per order Flat Fee Rs 15
Commodity Trading Flat Rs. 20 per order NA
Minimum Brokerage Rs 35 per trade NA
Hidden Charges Yes No
Funding Yes - 18% interest PA No
Call & Trade Charges First 20 call free and Rs 25 there onwards. Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges First 20 call free and Rs 25 there onwards. Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for ProStocks
Expand

Share Broker's Transaction Charges

Compare ICICIDirect vs ProStocks on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with ProStocks
Transaction Charges Compare ICICIDirect ProStocks
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 100 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for prostocks
Expand

Account Features

Compare ICICIDirect vs ProStocks on Account Features

Compare ICICIDirect with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where ProStocks offers only 2-in-1 account which includes trading and demat account. Algo Trading - ProStocks offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - ICICIDirect with ProStocks
Account Features Compare ICICIDirect ProStocks
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 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
Expand

Trading Platform

Compare ICICIDirect vs ProStocks on Trading Platform

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

Expand

Broker Ratings by Users

Compare ICICIDirect vs ProStocks on User Rating

  ICICIDirect ProStocks
  266 Customer Reviews    Rate ICICIDirect 3 Customer Reviews    Rate ProStocks
Fees Ratings 2.4 4.3
Trading Brokerage Rating 1.8 4.7
Trading Platform Usability 3.3 4.3
Customer Service Ratings 2.8 3.7
Overall Ratings Rated 2.5 stars Rated 4.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 266 customer reviews ProStocks is Rated 4.3 / 5 based on 3 customer reviews
Expand

Investment Offerings

Compare ICICIDirect vs ProStocks on Investment Offerings

Compare ICICIDirect 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 - ICICIDirect offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where ProStocks doesn't offer

Investment Offerings - Compare ICICIDirect with ProStocks
Investment Offerings Compare ICICIDirect ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No No
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes 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
Expand

Order Types

Compare ICICIDirect vs ProStocks on Order Types

Order Type - Compare ICICIDirect 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 ICICIDirect 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 ICICIDirect with ProStocks
Order Type Compare ICICIDirect 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
Expand

Customer Service Offered

Compare ICICIDirect vs ProStocks on Customer Service

Compare ICICIDirect 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 ICICIDirect with ProStocks
Customer Service Compare ICICIDirect ProStocks
24/7 Customer Service ICICIDirect vs ProStocks - 24x7 customer support No No
Email Support ICICIDirect vs ProStocks - Email Support Yes Yes
Onine Live Chat ICICIDirect vs ProStocks - Onine Live Chat No No
Phone Support ICICIDirect vs ProStocks - Phone Support Yes Yes
Toll Free Number ICICIDirect vs ProStocks - Toll Free Number No No
Through Branches ICICIDirect vs ProStocks - Through Branches Yes No
Customer Care Number ICICIDirect vs ProStocks - Customer Care Number 1860 123 1122 +91-2262-434343
Account Opening Process ICICIDirect vs ProStocks - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs ProStocks - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.prostocks.com/faq.html
Head Office Address ICICIDirect vs ProStocks - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website ICICIDirect vs ProStocks - Company Website https://www.icicidirect.com https://www.prostocks.com
Expand

Tips/Research/Reports Published

Compare ICICIDirect vs ProStocks on Research Reports, Tips

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

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

Demat Account

Compare ICICIDirect vs ProStocks on Demat Account

Compare ICICIDirect 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 ICICIDirect is ₹700 pa. ProStocks is a better choice in terms of Demat AMC compare to ICICIDirect.

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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹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 ICICIDirect with ProStocks
  ICICIDirect ProStocks
DP Source CDSL CDSL
DP ID ICICIDirect vs ProStocks - DP ID 14300 83200
Demat Account Annual Maintenance Charges(AMC) ₹700 pa Free (₹1000 Refundable Deposit)
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹20 per ISIN
Demat ₹50 per set up ₹50 per set up + ₹50 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹50 per set up + ₹50 courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹50
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹50
Failed Instruction Charges ₹30 per transaction ₹50 per transaction
Other Charges Nil Nil

Expand

Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs ProStocks on Special Offers and Promotion

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

Compare ICICIDirect vs ProStocks on Special Offers and Promotion
  ICICIDirect ProStocks
Pay In and Pay Out Options ICICIDirect vs ProStocks - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
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 ICICIDirect vs ProStocks - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect 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 Direct from your ICICI bank account. SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

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
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

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 Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. 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 2022-08-08T03:12:44+00:00