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Paytm Money vs ProStocks (Compare Paytm Money 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 Paytm Money vs ProStocks, Below comparison of Paytm Money 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 Paytm Money vs ProStocks is given below:

Paytm Money

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ProStocks

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	Paytm Money	ProStocks

About The Brokers	Paytm Money : "Paytm Money is a newly launched direct mutual fund distribution and stockbroking arm of the popular digital wallet of India with the intent to provide a fully digital >>> 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 :	Paytm Money : OVERVIEW BROKERAGE	ProStocks : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Paytm Money : Discount Broker	ProStocks : Discount Broker
Promo/offers	Paytm Money : Special Offer: Pay â‚¹0 brokerage for first 15 days and flat â‚¹20 per trade brokerage for delivery, intra-day and F&O trades thereafter. Get the offer	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	Paytm Money : Free Delivery Trade Lowest Brokerage charges on Intrady & F&O at Rs 10 Per Trade. commission Free mutual fund investment Zero Maintenance Charges both Demat & Trading account Instant digital account opening Provide opportunity to invet in digital gold and NPS Simple and robust trading platforms.	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	Paytm Money : No Offline Branch Support Does not provide a 3in1 account facility. Does not provide commodity Trading does not provide trading options: GTC (Good Till Cancelled) & GTT orders Do not Offer NRI Trading No Margin Trading Facility ₹300/- per annum Charges for Using the Trading Platform Very Costly Call & Trade Facility at ₹300/- per executed order Charges on Funds Transfer @ ₹10 per fund addition , no charges on UPI Transfe₹	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	Paytm Money : Free Delivery Trade, Paytm Money does not charge any brokerage on Delivery trade. They offer the lowest charges on Equity intraday trade which is at ₹ 10 or 0.05% (whichever is lower) Paytm Money provides mutual funds investment at Zero Commission, No transaction charges, 100% paperless online Demat account opening 128 bit SSL Encryption for data Security Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost In-depth financial and historical price data for every listed company which enables investors to research the stock market on their own Users can automate stock investing by setting buy orders on a weekly or monthly basis Facility to invest online in digital gold and NPS along with stocks, derivatives, and MFs Advanced charts and other options like cover order and bracket order are available Online IPO application. Brokerage Calculator Provides Mutual Fund Investment Advisory Services.	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

Paytm Money vs ProStocks Account Opening & AMC Charges

Paytm Money Trading Account Opening Fee is Rs 200 and ProStocks Trading Account Opening Fee is Rs 0 (Free) . Paytm Money Demat Account AMC is Rs 0 (Free) and ProStocks Demat Account AMC is Rs 0 (Lifetime Zero AMC) .

	Paytm Money	ProStocks
Trading Account Opening Fee	Trading Account Opening Fee : Rs 200	Trading Account Opening Fee : Rs 0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : Rs 0 (Free)
Demat Account AMC	Demat Account AMC : Rs 0 (Free)	Demat Account AMC : Rs 0 (Lifetime Zero AMC)
Trading Account AMC	Trading Account AMC : Rs 300 (Annual Platform Fees)	Trading Account AMC : Rs 0
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Paytm Money vs ProStocks Brokerage Charges

Paytm Money Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is low and Equity Options is Rs 20 per executed 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 .

	Paytm Money	ProStocks
Plan Name	Plan Name : Basic Plan	Plan Name : Monthly Unlimited Trading Plan	Plan Name : Flat Fee Plan (₹15 per executed order)
Equity Delivery	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low	Equity Delivery : Rs 0	Equity Delivery : Rs 0 (Free)
Equity Intraday	Equity Intraday : Rs 20 per executed order or 0.05% whichever is low	Equity Intraday : Rs 0	Equity Intraday : Rs 15 per executed order
Equity Future	Equity Future : Rs 20 per executed order or 0.01% whichever is low	Equity Future : Rs 0	Equity Future : Rs 15 per executed order
Equity Options	Equity Options : Rs 20 per executed order	Equity Options : Rs 0	Equity Options : Rs 15 per executed order
Currency Futures	Currency Futures : -	Currency Futures : NA	Currency Futures : Rs 15 per executed order
Currency Options	Currency Options : -	Currency Options : NA	Currency Options : Rs 15 per executed order
Monthly Fee	Monthly Fee : NA	Monthly Fee : Rs 899	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : -	Margin Trading : -
Commodity Futures	Commodity Futures : -	Commodity Futures : NA	Commodity Futures : NA
Commodity Options	Commodity Options : -	Commodity Options : NA	Commodity Options : NA
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Paytm Money vs ProStocks Exchange Transaction Charges

Paytm Money Exchange Transaction Charges Equity Future is BSE Rs 200 per Cr (0.002%) and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) . ProStocks Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium) .

	Paytm Money	ProStocks
Equity Delivery	Equity Delivery : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : NSE Rs 345 per Cr (0.00345%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : BSE Rs 200 per Cr (0.002%)	Equity Future : NSE Rs 200 per Cr (0.002%) \| BSE Rs 0
Equity Options *	Equity Options : NSE Rs 5300 per Cr (0.053%) (on premium)	Equity Options : NSE Rs 5050 per Cr (0.0505%) \| BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	Currency Options : (on premium)	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : -	Commodity : -
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Paytm Money vs ProStocks Other Charges

Paytm Money and Call & Trade is Rs 100 . ProStocks Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 (Free) .

	Paytm Money	ProStocks
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : Rs 0
Call & Trade	Call & Trade : Rs 100	Call & Trade : Rs 0 (Free)
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹10/- per ISIN (incl the depository trans charges)	DP Charges (on sell side) : ₹20 per scrip for equity delivery trade+18% GST
Other Miscellaneous Charges	Other Miscellaneous Charges : Platform Usage Fees-Rs. 30/month; Physical Statements/Documents-â‚¹300 per request + â‚¹300 per Courier	Other Miscellaneous Charges : -
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Paytm Money vs ProStocks Features

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

	Paytm Money	ProStocks
Trading Platform	Trading Platform : Paytm Money mobile app, Paytm Money website	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 : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : NA
Detailed Education Initiatives	Detailed Education Initiatives : No	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) : No	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
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Paytm Money vs ProStocks Demat Account Charges

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

	Paytm Money	ProStocks
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : Nil	Account Opening Fee : Nil
Advance Deposit	Advance Deposit : Nil	Advance Deposit : Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit
AMC	AMC : Free - Zero maintenance charges	AMC : Nil
Dematerialisation Charges	Dematerialisation Charges : Rs 250 per 100 shares + depository charges	Dematerialisation Charges : Rs 50 per set up + Rs 50 courier charges
Rematerialisation Charges	Rematerialisation Charges : Rs 250 per 100 shares + depository charges	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 10 per ISIN	Transaction Charges (debit) : Rs 8 + Rs 5.50 (CDSL charges) per ISIN
Pledge Creation Charges	Pledge Creation Charges : Rs 10 per ISIN	Pledge Creation Charges : Rs 50 per set up
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : Rs 10 per ISIN	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 : Off-market transfers - Rs 10 per ISIN	Other Charges : -
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Paytm Money vs ProStocks Basic Details

Paytm Money Year of Incorporation is 2017 and Total Number of Clients is 814342 and Total Number of Branches is 1 . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 6202 and Total Number of Branches is 1 .

	Paytm Money	ProStocks
Year of Incorporation	Year of Incorporation : 2017	Year of Incorporation : 2016
Active Exchange Memberships	Active Exchange Memberships : NSE & BSE	Active Exchange Memberships : BSE, NSE
Demat Services	Demat Services : Yes	Demat Services : No
Website	Website : www.paytmmoney.com	Website : www.prostocks.com
Contact Details	Contact Details : 080 4625 3716	Contact Details : +91 22 62 43 43 43
Total Number of Clients	Total Number of Clients : 814,342	Total Number of Clients : 6,202
Total Number of Branches	Total Number of Branches : 1	Total Number of Branches : 1
Products *	Products : Mutual Fund, Broking , NPS , Digital Gold	Products : ProStocks Mobile,Web & Desktop. BSE Best
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Paytm Money vs ProStocks Orders

Orders

	Paytm Money	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) : No	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes
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Paytm Money vs ProStocks Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Paytm Money	ProStocks
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No
ETF research *	ETF research : No	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No
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Paytm Money vs ProStocks Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Paytm Money	ProStocks
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : NA
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : NA
	Open Account	Open Account

Paytm Money vs ProStocks Product & Services

Paytm Money 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:

	Paytm Money	ProStocks
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : No	Margin Trading : No
Call N Trade *	Call N Trade : Rs 300 Per call	Call N Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	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 : No	NRI Services : Yes
SMS Alerts *	SMS Alerts : No	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : Yes
IPO Investment *	IPO Investment : Yes	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : -	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	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 : No	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
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Paytm Money vs ProStocks Customer Services

Paytm Money 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:

	Paytm Money	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 : No	Branch Offices : No
Customer Care *	Customer Care : No	Customer Care : Yes
Community Service *	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : -
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Paytm Money vs ProStocks Other Investement

Paytm Money 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:

	Paytm Money	ProStocks
Commodity Trading *	Commodity Trading : No	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : No	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No
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Paytm Money vs ProStocks Trading Platform

Paytm Money 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:

	Paytm Money	ProStocks
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : No	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 : No	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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