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IIFL vs ProStocks (Compare IIFL and ProStocks)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between IIFL vs ProStocks, Below comparison of IIFL vs ProStocks highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of IIFL vs ProStocks is given below:

IIFL ProStocks
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

ProStocks :

Prostocks is an online discount broker. They are well known for their unlimited monthly trading plan for Rs 899, a lifetime-free AMC demat account, and the lowest cost trading API. They also offer fla   >>> more

Find More Information about the Broker :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
ProStocks :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
ProStocks :
 Discount Broker
Promo/offers
IIFL :
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
ProStocks :
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
ProStocks :
  • Rs 15 flat-fee trades.
  • Monthly & Yearly Unlimited Trading Plan to offer.
  • Own DP services.
  • Lowest call & Trade charges Rs.10 per trade. Delivery: Rs 25 per trade.
  • Instant paperless online account opening with AADHAR.
  • Zero Professional Clearing Members (PCM) Fee - Unlike all other flat fee brokers ProStocks do not charge PCM Fee.
  • Free trading software (mobile, desktop and website) for all customers.
  • Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account.
  • Zero Demat account AMC when you pay one time refundable deposit of Rs 1000
  • Referral Service - ProStocks offer 10% brokerage referral for customer referred by the client.
Disadvantage
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
ProStocks :
  • ProStocks doesn't offer 3-in-1 account as they do not offer banking services.
  • Opportunity to invest in Mutual Funds.
  • commodity trading facility is not available.
  • You will not get any research tips as there is no in-house team
  • Only BSE SME IPOs are allow. NSE SME IPOs are not available.
Why This
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
ProStocks :
  • Various option on Brokerage Plans to select from depending on your trading requirements. You can Choose from
    • Flat Rs 15 per order
    • Monthly unlimited trading plans.
    • Yearly unlimited trading plans.
  • One of the most affordable calls & trading charges.
  • Give you the opportunity to earn through the referral program.
  • You need not to pay in case you are not trading in any month.
  • Even though Protock is the discount broker, you get option choosing from the various trading plan.
  • It provides you with DP service as well.
Open Account Open Account

IIFL vs ProStocks Account Opening & AMC Charges

IIFL Trading Account Opening Fee is Rs 0 (Free) and ProStocks Trading Account Opening Fee is Rs 0 . IIFL Demat Account AMC is Rs 250 (Free for 1st year) and ProStocks Demat Account AMC is Rs 0 (Lifetime Zero AMC) .

IIFL ProStocks
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee :

Rs 0

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

Rs 0 (Free)

Demat Account AMC Demat Account AMC :

Rs 250 (Free for 1st year)

Demat Account AMC :

Rs 0 (Lifetime Zero AMC)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0

Open Account Open Account

IIFL vs ProStocks Brokerage Charges

IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order . ProStocks Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per executed order and Equity Options is Rs 15 per executed order .

IIFL ProStocks
Plan Name Plan Name :

Standard Plan

Plan Name :

Monthly Unlimited Trading Plan

Plan Name :

Flat Fee Plan
(₹15 per executed order)

Equity Delivery Equity Delivery :

Rs 20 per order

Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 0 (Free)

Equity Intraday Equity Intraday :

Rs 20 per order

Equity Intraday :

Rs 0 (Free)

Equity Intraday :

Rs 15 per executed order

Equity Future Equity Future :

Rs 20 per order

Equity Future :

Rs 0 (Free)

Equity Future :

Rs 15 per executed order

Equity Options Equity Options :

Rs 20 per order

Equity Options :

Rs 0 (Free)

Equity Options :

Rs 15 per executed order

Currency Futures Currency Futures :

Rs 20 per order

Currency Futures :

Rs 0 (Free)

Currency Futures :

Rs 15 per executed order

Currency Options Currency Options :

Rs 20 per order

Currency Options :

Rs 0 (Free)

Currency Options :

Rs 15 per executed order

Monthly Fee Monthly Fee :

NA

Monthly Fee :

Equity :₹899/month, Currency : ₹499/month

Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading :

NA

Margin Trading :

NA

Commodity Futures Commodity Futures :

Rs 20 per order

Commodity Futures :

NA

Commodity Futures :

NA

Commodity Options Commodity Options :

Rs 20 per order

Commodity Options :

NA

Commodity Options :

NA

Open Account Open Account

IIFL vs ProStocks Exchange Transaction Charges

IIFL Exchange Transaction Charges Equity Future is Rs 210 per Cr (0.0021%) and Equity Options is Rs 5100 per Cr (0.051%) (on premium) . ProStocks Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%) and Equity Options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium) .

IIFL ProStocks
Equity Delivery Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Delivery :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday Equity Intraday :

Rs 325 per Cr (0.00325%)

Equity Intraday :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Future * Equity Future :

Rs 210 per Cr (0.0021%)

Equity Future :

NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)

Equity Options * Equity Options :

Rs 5100 per Cr (0.051%) (on premium)

Equity Options :

NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)

Currency Futures * Currency Futures :

Rs 210 per Cr (0.0021%)

Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)

Currency Options Currency Options :

Rs 5100 per Cr (0.051%) (on premium)

Currency Options :

NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)

Commodity Commodity :

Group A - Rs 280 per Cr (0.0028%)

Commodity : -
Open Account Open Account

IIFL vs ProStocks Other Charges

IIFL and Call & Trade is Rs 50 per call . ProStocks Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 (Free) .

IIFL ProStocks
Minimum Brokerage Minimum Brokerage : - Minimum Brokerage :

Rs 0

Call & Trade Call & Trade :

Rs 50 per call

Call & Trade :

Rs 0 (Free)

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

DP Charges (on sell side) :

₹20 per scrip for equity delivery trade+18% GST

Other Miscellaneous Charges Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Other Miscellaneous Charges : -
Open Account Open Account

IIFL vs ProStocks Features

IIFL and ProStocks both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

IIFL ProStocks
Trading Platform Trading Platform :

IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App

Trading Platform :

ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API

Placing orders through charts Placing orders through charts :

No

Placing orders through charts :

Yes

Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips :

NA

Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program : - Referral Program :

1

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

No

Open Account Open Account

IIFL vs ProStocks Demat Account Charges

A comparative table of various demat account charges between IIFL and ProStocks is below:

IIFL ProStocks
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (free)

Account Opening Fee :

Nil

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit

AMC AMC :

Rs 250 (free for 1st year)

AMC :

Nil

Dematerialisation Charges Dematerialisation Charges :

Rs 15 per certificate

Dematerialisation Charges :

Rs 50 per set up + Rs 50 courier charges

Rematerialisation Charges Rematerialisation Charges :

Rs 15 per certificate

Rematerialisation Charges :

Rs 50 per set up + Rs 50 courier charges

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

Rs 25 per debit transaction

Transaction Charges (debit) :

Rs 8 + Rs 5.50 (CDSL charges) per ISIN

Pledge Creation Charges Pledge Creation Charges :

Rs 10

Pledge Creation Charges :

Rs 50 per set up

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Rs 0

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

Rs 15

Pledge Invocation Charges :

Rs 50 per set up

Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges :

Failed transactions Rs 50 per ISIN

Other Charges Other Charges :

Conversion of MF units: Rs 0, Reconversion of MF units: Rs 0, Courier Charges: Rs 100 per request

Other Charges : -
Open Account Open Account

IIFL vs ProStocks Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 5646 and Total Number of Branches is 1 .

IIFL ProStocks
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

2016

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

BSE, NSE

Demat Services Demat Services :

Yes

Demat Services :

No

Website Website : https://www.indiainfoline.com Website : www.prostocks.com
Contact Details Contact Details :

022-400710000

Contact Details :

+91 22 62 43 43 43

Total Number of Clients Total Number of Clients :

1,139,902

Total Number of Clients :

5,646

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

1

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products :

ProStocks Mobile,Web & Desktop. BSE Best

Open Account Open Account

IIFL vs ProStocks Orders

Orders

IIFL ProStocks
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

Yes

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

No

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

IIFL vs ProStocks Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL ProStocks
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile :

No

Comparison * Comparison :

Yes

Comparison :

No

Free Tips * Free Tips :

Yes

Free Tips :

No

Daily Market report * Daily Market report :

Yes

Daily Market report :

No

ETF research * ETF research :

Yes

ETF research :

No

Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

No

Open Account Open Account

IIFL vs ProStocks Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL ProStocks
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

NA

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

NA

Open Account Open Account

IIFL vs ProStocks Product & Services

IIFL and ProStocks both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL ProStocks
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

Yes

Margin Trading :

No

Call in Trade * Call in Trade :

Yes

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

No

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

Yes

NRI Services :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan :

Yes

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis :

No

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator :

No

Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

No

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

No

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

Yes

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No

Open Account Open Account

IIFL vs ProStocks Customer Services

IIFL and ProStocks both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

IIFL ProStocks
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

No

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

Yes

Branch Offices :

No

Customer Care * Customer Care :

Yes

Customer Care :

Yes

Community Service * Community Service :

Yes

Community Service :

No

Relationship Manager * Relationship Manager : - Relationship Manager :

No

24/7 Support * 24/7 Support :

No

24/7 Support : -
Open Account Open Account

IIFL vs ProStocks Other Investement

IIFL and ProStocks both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

IIFL ProStocks
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

No

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

No

Investment in Bonds * Investment in Bonds :

Yes

Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

Yes

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

IIFL vs ProStocks Trading Platform

IIFL and ProStocks both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL ProStocks
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

Yes

Virtual Trading * Virtual Trading : - Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

Yes

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