HDFC Securities Vs Prostocks : Side By Side Comparison

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

HDFC Securities is a brokerage arm of HDFC bank 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.

hdfc-securities-vs-prostocks-1

 

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 HDFC Securities Vs Prostocks:

Parameters

HDFC Securities

Prostocks

hdfc-securities-logo
Prostocks-Logo
Review
Type of Broker
Full Service Broker
Discount Broker
Incorporation Year
2000
2016
Supported Exchanges
NSE & BSE
NSE, BSE

Account Related Charges

Trading Account Opening Fees
Rs 990
Rs 0
Trading Account AMC
Rs 0
Rs 0
Demat Account Opening Fees
Rs 0
Rs 0
Demat Account AMC
Rs 750
Rs 0

Brokerage Charges

Equity Delivery Brokerage
0.5%
Rs 15 per executed order
Equity Intraday Brokerage
0.1%
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
Rs 23 per contract
Rs 15 per executed order
Currency Options Trading Brokerage
Rs 20 per contract
Rs 15 per executed order
Commodity Trading Brokerage
NA
Rs 15 per executed order
Minimum Brokerage Charges
Rs 25 per trade
NIL
Monthly Unlimited Plans
Brokerage Calculator
HDFC Securities Calculator
Prostocks Brokerage Calculator

Transaction Charges

Equity Delivery
0.0031%
0.0035%
Equity Intraday
0.0031%
0.0035%
Equity Futures
0.00180%
0.0019%
Equity Options
0.050% (On Premium)
0.05% (On Premium)
Currency Futures
0.00120%
0.0009%
Currency Options
0.050% (On Premium)
0.04% (On Premium)
Commodity
NA
NA

Exposure

Equity
Upto 20 times Intraday and 2 times Delivery
Upto 7 times Intraday and No Leverage for Delivery
Equity Futures
No Leverage for Intraday
1.5 times for Intraday
Equity Options
No Leverage for Intraday
Upto 1.5 times
Currency Futures
No Leverage for Intraday
Upto 4 times intraday
Currency Options
No Leverage for Intraday
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
HDFC Securities BLINK
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
open-account
open-account

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 HDFC Securities with other Brokers:

HDFC Securities in comparison with other Stock Brokers

Point By Point Comparison of Prostocks with other Brokers:

Prostocks in comparison with other Stock Brokers

This article compared the selected brokers. Click here to compare any two stock brokers in India side by side.

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