AxisDirect Vs Prostocks : Side By Side Comparison

In this page, I am providing side by side comparison of AxisDirect Vs Prostocks .

AxisDirect is a brokerage arm of Axisbank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.

Prostocks falls in Discount Broker category. Hence they offer limited services but charges flat brokerage charges. They claim to have lowest Stamp duty charges and no proprietary trading desk.

There are lot of differences between these two brokers.

I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.

However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.

Here is the comparison of AxisDirect Vs Prostocks:

Parameters	Axis Direct	Prostocks
Review	Axisdirect Review	Prostocks Review
Type of Broker	Full Service Broker	Discount Broker
Incorporation Year	2006	2016
Supported Exchanges	NSE, BSE, MSEI and MCX	NSE, BSE
Account Related Charges
Trading Account Opening Fees	Rs 999	Rs 0
Trading Account AMC	Rs 0	Rs 0
Demat Account Opening Fees	Rs 420	Rs 0
Demat Account AMC	Rs 650	Rs 0
Brokerage Charges
Equity Delivery Brokerage	0.3%	Rs 15 per executed order
Equity Intraday Brokerage	0.05%	Rs 15 per executed order
Equity Futures Brokerage	0.05%	Rs 15 per executed order
Equity Options Brokerage	Rs 100/lot	Rs 15 per executed order
Currency Futures Trading Brokerage	0.05%	Rs 15 per executed order
Currency Options Trading Brokerage	Rs 100/lot	Rs 15 per executed order
Commodity Trading Brokerage	NA	Rs 15 per executed order
Minimum Brokerage Charges	Rs 20 per trade or 2.5% whichever is lower	NIL
Monthly Unlimited Plans
Brokerage Calculator	Axis Direct Calculator	Prostocks Brokerage Calculator
Transaction Charges
Equity Delivery	0.00325%	0.0035%
Equity Intraday	0.00325%	0.0035%
Equity Futures	0.00190%	0.0019%
Equity Options	0.050% (On Premium)	0.05% (On Premium)
Currency Futures	0.00190%	0.0009%
Currency Options	0.050% (On Premium)	0.04% (On Premium)
Commodity	NA	NA
Exposure
Equity	Upto 10 times Intraday and No Leverage for Delivery	Upto 7 times Intraday and No Leverage for Delivery
Equity Futures	No Leverage	1.5 times for Intraday
Equity Options	No leverage	Upto 1.5 times
Currency Futures	No Leverage	Upto 4 times intraday
Currency Options	No leverage	Upto 4 times intraday
Commodities	NA	Upto 4 times intraday
Features
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
SMS Alerts
Margin Funding
Trading Platform	Axis SwiftTrade, AxisDirect Trade, Mobile Trade	Prostocks Desktop, Prostocks web and Prostocks Mobile
Investment Services
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory
Promotional Offers
	NIL	Zero Account Opening Charges

And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.

Point By Point Comparison of Axis Direct with other Brokers:

Point By Point Comparison of Prostocks with other Brokers:

You can compare any two stock brokers of your choice by visiting Comparison of Stock Brokers in India page