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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 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: Brokerage-free equity delivery trades for life + Flat ₹10 Intra-day and F&O trades. 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 . 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

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

Open Account Open Account

Paytm Money vs ProStocks Brokerage Charges

Paytm Money Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Lower of 0.05% or Rs 10 per executed order and Equity Options is Rs 10 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 0 (Free)

Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 0 (Free)

Equity Intraday Equity Intraday :

Lower of 0.05% or Rs 10 per executed order

Equity Intraday :

Rs 0 (Free)

Equity Intraday :

Rs 15 per executed order

Equity Future Equity Future :

Rs 10 per executed order

Equity Future :

Rs 0 (Free)

Equity Future :

Rs 15 per executed order

Equity Options Equity Options :

Rs 10 per executed order

Equity Options :

Rs 0 (Free)

Equity Options :

Rs 15 per executed order

Currency Futures Currency Futures : - Currency Futures :

Rs 0 (Free)

Currency Futures :

Rs 15 per executed order

Currency Options Currency Options : - 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 : - Commodity Futures :

NA

Commodity Futures :

NA

Commodity Options Commodity Options : - Commodity Options :

NA

Commodity Options :

NA

Open Account Open Account

Paytm Money vs ProStocks Exchange Transaction Charges

Paytm Money Exchange Transaction Charges Equity Future is Rs 200 per Cr (0.002%) and Equity Options is Rs 5,300 per Cr (0.053%) 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) .

Paytm Money ProStocks
Equity Delivery Equity Delivery :

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

Equity Delivery :

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

Equity Intraday Equity Intraday :

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

Equity Intraday :

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

Equity Future * Equity Future :

Rs 200 per Cr (0.002%)

Equity Future :

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

Equity Options * Equity Options :

Rs 5,300 per Cr (0.053%) on premium

Equity Options :

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

Currency Futures * Currency Futures : - Currency Futures :

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

Currency Options Currency Options : - Currency Options :

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

Commodity Commodity : - Commodity : -
Open Account Open Account

Paytm Money vs ProStocks Other Charges

Paytm Money Minimum Brokerage is Rs 0.01 per executed order on Equity Delivery trades and Call & Trade is Rs 300 . ProStocks Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 (Free) .

Paytm Money ProStocks
Minimum Brokerage Minimum Brokerage :

Rs 0.01 per executed order on Equity Delivery trades

Minimum Brokerage :

Rs 0

Call & Trade Call & Trade :

Rs 300

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 - Rs300 p.a; Physical Statements/Documents - Rs 300 per request + Rs 300 per Courier

Other Miscellaneous Charges : -
Open Account Open Account

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

Open Account Open Account

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 : -
Open Account Open Account

Paytm Money vs ProStocks Basic Details

Paytm Money Year of Incorporation is 2017 and Total Number of Clients is 467814 and Total Number of Branches is 1 . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 5646 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 :

467,814

Total Number of Clients :

5,646

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

Open Account Open Account

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

Open Account Open Account

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

Open Account Open Account

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 in Trade * Call in Trade :

Rs 300 Per call

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 : - 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

Open Account Open Account

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 : -
Open Account Open Account

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

Open Account Open Account

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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Open Account Open Account

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