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Paytm Money Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Paytm Money Max Rs 15 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 Paytm Money is 4,67,814 where number of active customer for ProStocks is . Paytm Money is serving more customer compare to ProStocks.

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

  Paytm Money Compare
Paytm Money
ProStocks Compare
ProStocks
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 4.5 stars
Trading Platform Rated 3.5 stars Rated 3.5 stars
Investments Offering Rated 4.5 stars Rated 4 stars
Customer Service Rated 3.5 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 4,67,814
Broker Overview In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & w... Know more about Paytm Money 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 Paytm Money Request call back from ProStocks
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Account Opening Charges and AMC

Compare Paytm Money vs ProStocks on Trading & Demat Account Opening Charges

Comparison of Paytm Money with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Paytm Money 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 Paytm Money with ProStocks
Charges Paytm Money ProStocks
Trading Account Opening Fees Free Free
Trading AMC Rs 30 per month (Platform fees) 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 Paytm Money vs ProStocks on Plan Options

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

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

Account Opening

  Paytm Money ProStocks
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs ProStocks on Brokerage Charges

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.

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 Paytm Money with ProStocks
Brokerage Charges Compare Paytm Money ProStocks
Plan Name Flat Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 2.5% or Rs 15 whichever is lower Free
Equity Intraday 0.05% or Rs 15 whichever is lower Flat Fee Rs 15
Equity Futures 0.02% or Rs 15 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 15 per order Flat Fee Rs 15
Currency Futures NA Flat Fee Rs 15
Currency Options NA Flat Fee Rs 15
Commodity Trading NA NA
Minimum Brokerage NIL NA
Hidden Charges No No
Funding Info Not Available No
Call & Trade Charges Rs 100 per executed order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 50 per executed order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Paytm Money vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Paytm Money with ProStocks
Transaction Charges Compare Paytm Money ProStocks
Equity Delivery Rs 345 Per Cr Rs 325 Per Cr
Equity Intraday Rs 345 Per Cr Rs 325 Per Cr
Equity Futures Rs 200 Per Cr Rs 190 Per Cr
Equity Options Rs 5300 Per Cr Rs 5000 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for paytm-money Complete Brokerage Plans for prostocks
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Account Features

Compare Paytm Money vs ProStocks on Account Features

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

Account Features - Paytm Money with ProStocks
Account Features Compare Paytm Money ProStocks
3 in 1 Account No Paytm Money have 2-in-1 account. Only Demate and Trading account. No Paytm Money have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Paytm Money vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money 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 Paytm Money with ProStocks
Trading Platform Compare Paytm Money ProStocks
Desktop Trading Platform Paytm Money Star ProStocks
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Paytm Money App Star ProStocks
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Paytm Money App Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Paytm Money App Download iOS Star ProStocks Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Rs. 30 per month Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Paytm Money vs ProStocks on User Rating

  Paytm Money ProStocks
  4 Customer Reviews    Rate Paytm Money 3 Customer Reviews    Rate ProStocks
Fees Ratings 3.8 4.3
Trading Brokerage Rating 4.5 4.7
Trading Platform Usability 3.0 4.3
Customer Service Ratings 3.5 3.7
Overall Ratings Rated 4.0 stars Rated 4.3 stars
Broker Rating Paytm Money is Rated 4.0 / 5 based on 4 customer reviews ProStocks is Rated 4.3 / 5 based on 3 customer reviews
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Investment Offerings

Compare Paytm Money vs ProStocks on Investment Offerings

Compare Paytm Money 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 - Paytm Money 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 Paytm Money with ProStocks
Investment Offerings Compare Paytm Money ProStocks
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No 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 NPS NIL
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Order Types

Compare Paytm Money vs ProStocks on Order Types

Order Type - Compare Paytm Money 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- ProStocks offers Good Till Cancelled (GTC) orders where Paytm Money doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Paytm Money with ProStocks
Order Type Compare Paytm Money 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 No Yes
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Customer Service Offered

Compare Paytm Money vs ProStocks on Customer Service

Compare Paytm Money 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 Paytm Money with ProStocks
Customer Service Compare Paytm Money ProStocks
24/7 Customer Service Paytm Money vs ProStocks - 24x7 customer support No No
Email Support Paytm Money vs ProStocks - Email Support Yes Yes
Onine Live Chat Paytm Money vs ProStocks - Onine Live Chat No No
Phone Support Paytm Money vs ProStocks - Phone Support Yes Yes
Toll Free Number Paytm Money vs ProStocks - Toll Free Number No No
Through Branches Paytm Money vs ProStocks - Through Branches No No
Customer Care Number Paytm Money vs ProStocks - Customer Care Number Info Not Available +91-2262-434343
Account Opening Process Paytm Money vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Paytm Money vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Paytm Money vs ProStocks - Knowledge Center/Education https://www.paytmmoney.com/care https://www.prostocks.com/faq.html
Head Office Address Paytm Money vs ProStocks - Head Office Address/Corporate Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Paytm Money vs ProStocks - Company Website https://www.paytmmoney.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Paytm Money vs ProStocks on Research Reports, Tips

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

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

Compare Paytm Money vs ProStocks on Demat Account

Compare Paytm Money 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 Paytm Money is Zero. ProStocks is a better choice in terms of Demat AMC compare to Paytm Money.

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 Paytm Money is ₹10 per ISIN 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 Paytm Money with ProStocks
  Paytm Money ProStocks
DP Source CDSL CDSL
DP ID Paytm Money vs ProStocks - DP ID CDSL: 1208 83200
Demat Account Annual Maintenance Charges(AMC) Zero Free (₹1000 Refundable Deposit)
Advance Deposit Nil 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN ₹20 per ISIN
Demat ₹250 per 100 shares ₹50 per set up + ₹50 courier charges
Remat ₹250 per 100 shares ₹50 per set up + ₹50 courier charges
Pledge Creation ₹32 per ISIN ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹32 per ISIN ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹32 per ISIN ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs ProStocks on Special Offers and Promotion

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

Compare Paytm Money vs ProStocks on Special Offers and Promotion
  Paytm Money ProStocks
Pay In and Pay Out Options Paytm Money vs ProStocks - Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
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 Paytm Money vs ProStocks - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Paytm Money vs ProStocks - Bank Supported and Charges Paytm Money allows 190+ Banks. 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
  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • Invest in direct mutual funds for free and get upto 1% higher return.
  • Get free mutual fund advisory services.
  • One-tap switch facility to switch external regular mutual fund investment to direct mutual funds.
  • Apply for IPO online.
  • Advanced orders like bracket order, cover order, and after market order.
  • Place GTT (Good Till Triggered) order to place longer period order.
  • Easy to use and great design platforms for traders and investors.
  • Online fund transfer via 190+ supported banks.
  • Fund transfer via UPI is free.
  • Paytm Wealth Academy to boost financial education for beginners.
  • No hidden charges & investment fee.

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
  • It does not offer commodity and currency trading.
  • Paytm Money charges 30/month platform fees or Rs. 300 per year.
  • You cannot open a 3-in-1 account.
  • NRIs cannot open an account with Paytm Money.
  • It does not offer zero brokerage unlimited monthly trading plans.
  • Very high call & trade charges of Rs. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

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 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 Paytm Money Account Now>> Open ProStocks Account Now>>

Last Updated on 2022-08-05T07:04:24+00:00