Mdirect vs ProStocks (Compare Mdirect vs 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 Mdirect vs ProStocks, Below comparison of Mdirect 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.

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

Mdirect

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ProStocks

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	Mdirect	ProStocks

About The Brokers	Mdirect : >>> more	ProStocks : "Prostocks is latest entrant in discount broking space and known for low overall charges including broking, stamp duty and transaction charges. They also offer very at >>> more
Find More Information about the Broker :	Mdirect : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	ProStocks : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Mdirect : Full Service Broker	ProStocks : Discount Broker
Promo/offers	Mdirect : N/A	ProStocks : Special Offer: Unlimited Equity Trading- Rs 899/PM, 8999/PY or Brokerage free equity delivery trading + Flat ₹15 Intra-day and F&O trades. Get the offer
Pros	Mdirect : NA	ProStocks : Rs 15 flat-fee trades. Unlimited Trading Plan to offer. Own DP services. Lowest call & Trade charges. Fully online account opening process.
Cons	Mdirect : NA	ProStocks : Opportunity to invest in IPO is not available. 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
Why This	Mdirect : NA	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. Low Stampduty Charges.

Mdirect vs ProStocks Account Opening & AMC Charges

- and ProStocks Trading Account Opening Fee is ₹0 . - and ProStocks Demat Account AMC is ₹0 (Lifetime Zero AMC) .

	Mdirect	ProStocks
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : ₹0
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : ₹0 (Lifetime Zero AMC)
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : ₹0

Mdirect vs ProStocks Brokerage Charges

Mdirect Brokerage Charges ProStocks Brokerage Charges Equity Delivery is ₹0 and Equity Intraday is ₹15 and Equity Options is ₹15 . Equity Delivery is NA and Equity Intraday is NA and Equity Options is NA .

	Mdirect	ProStocks
Plan Name	-	Plan Name : Flat Fee Plan (₹15 per executed order)	Plan Name : Unlimited Yearly Plan
Equity Delivery	-	Equity Delivery : ₹0	Equity Delivery : NA
Equity Intraday	-	Equity Intraday : ₹15	Equity Intraday : NA
Equity Future	-	Equity Future : ₹15	Equity Future : NA
Equity Options	-	Equity Options : ₹15	Equity Options : NA
Currency Futures	-	Currency Futures : ₹15	Currency Futures : ₹0
Currency Options	-	Currency Options : ₹15	Currency Options : ₹0
Monthly Fee	-	Monthly Fee : -	Monthly Fee : ₹499
Margin Trading	-	Margin Trading : -	Margin Trading : -
Commodity Futures	-	Commodity Futures : NA	Commodity Futures : NA
Commodity Options	-	Commodity Options : NA	Commodity Options : NA

Mdirect vs ProStocks Transaction Charges (Per Crore)

Mdirect Transaction Charges (Per Crore) - and - . ProStocks Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE: 0.0005% and Equity Options is NSE: 0.050% | BSE: 0.0025% .

	Mdirect	ProStocks
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE: 0.00325% \| BSE: 0.00275%
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE: 0.00325% \| BSE: 0.00275%
Equity Future *	Equity Future : -	Equity Future : NSE: 0.0019% \| BSE: 0.0005%
Equity Options *	Equity Options : -	Equity Options : NSE: 0.050% \| BSE: 0.0025%
Currency Futures *	Currency Futures : -	Currency Futures : NSE: 0.0011% \| BSE: 0.0001%
Currency Options	Currency Options : -	Currency Options : NSE: 0.040% \| BSE: 0.0001%
Commodity	Commodity : -	Commodity : -

Mdirect vs ProStocks Other Charges

Mdirect and . ProStocks Minimum Brokerage is ₹0 and Call & Trade is Intraday and F&O: ₹10 per trade. Delivery: ₹25 per .

	Mdirect	ProStocks
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : ₹0
Call & Trade	Call & Trade : -	Call & Trade : Intraday and F&O: ₹10 per trade. Delivery: ₹25 per
Stamp Duty *	Stamp Duty : -	Stamp Duty : ₹50
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹20 per scrip for equity delivery trade+18% GST
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : ₹50 per Contract note for Physical delivery

Mdirect vs ProStocks Features

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

	Mdirect	ProStocks
Trading Platform	Trading Platform : -	Trading Platform : Prostocks and NSE Now- Desktop, Web and Mobile
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : -	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 : -	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : Unlimited brokerage free Plans, Zero PCM Fee
Referral Program	Referral Program : -	Referral Program : Yes
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) : Yes	Margin Against Shares (Equity F&O) : No

Mdirect vs ProStocks Demat Account Charges

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

	Mdirect	ProStocks
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : -	Advance Deposit : ₹1000 refundable deposit
AMC	AMC : -	AMC : ₹0 (Free)
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : ₹50 per set up + ₹50 courier charges
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : ₹50 per set up + ₹50 courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : ₹20 Per Debit Transaction
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : ₹50
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : NIL
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : ₹50
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : ₹50
Other Charges	Other Charges : -	Other Charges : GST on all charges

Mdirect vs ProStocks Basic Details

Mdirect and and . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 3,562 and Total Number of Branches is 1 .

	Mdirect	ProStocks
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2016
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : BSE, NSE
Demat Services	Demat Services : -	Demat Services : No
Website	Website : -	Website : www.prostocks.com
Contact Details	Contact Details : -	Contact Details : +91 22 62 43 43 43
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 3,562
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 1
Products *	Products : -	Products : ProStocks Mobile,Web & Desktop. BSE Best

Mdirect vs ProStocks Charts and Data

Mdirect and ProStocks both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	Mdirect	ProStocks
Live data source	Live data source : -	Live data source : BSE, NSE
Advanced Charting tools	Advanced Charting tools : -	Advanced Charting tools : Yes
Multi-Chart Setup	Multi-Chart Setup : -	Multi-Chart Setup : Yes
No.of indicators	No.of indicators : -	No.of indicators : 100+
No.of charts can be opened	No.of charts can be opened : -	No.of charts can be opened : 6
Live Scanners	Live Scanners : -	Live Scanners : Yes
Customizable screeners	Customizable screeners : -	Customizable screeners : Yes
Trading from charts	Trading from charts : -	Trading from charts : Yes
Compare Symbol performance on Chart	Compare Symbol performance on Chart : -	Compare Symbol performance on Chart : -
Options charts	Options charts : -	Options charts : -
Continuous futures charts	Continuous futures charts : -	Continuous futures charts : -
Intraday historical data for charts	Intraday historical data for charts : -	Intraday historical data for charts : Yes
End of Day historical data for charts	End of Day historical data for charts : -	End of Day historical data for charts : Yes
Corporate action adjusted charts	Corporate action adjusted charts : -	Corporate action adjusted charts : -
Back Testing	Back Testing : -	Back Testing : -
Options Chain	Options Chain : -	Options Chain : -
Heat Maps	Heat Maps : -	Heat Maps : -
Analytics	Analytics : -	Analytics : -
Price Ladder	Price Ladder : -	Price Ladder : -

Mdirect vs ProStocks Leverage

Leverage

	Mdirect	ProStocks
Equity Delivery	Equity Delivery : -	Equity Delivery : 1x (no margin)
Equity Intraday	Equity Intraday : -	Equity Intraday : 7x (Margin intraday sq off)
Equity Futures	Equity Futures : -	Equity Futures : 2x
Equity Options	Equity Options : -	Equity Options : 1x (no margin)
Currency Futures	Currency Futures : -	Currency Futures : 1.5x
Currency Options	Currency Options : -	Currency Options : 1x (no margin)
Commodity Futures	Commodity Futures : -	Commodity Futures : -
Commodity Options	Commodity Options : -	Commodity Options : -

Mdirect vs ProStocks Orders

Orders

	Mdirect	ProStocks
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	After Market Orders (AMO) : No
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) : No

Mdirect vs ProStocks Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Mdirect	ProStocks
Equity Trading Recommendation *	Equity Trading Recommendation : -	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : -	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : -	Recommendation basis risk Profile : No
Comparison *	Comparison : -	Comparison : No
Free Tips *	Free Tips : -	Free Tips : No
Daily Market report *	Daily Market report : -	Daily Market report : No
ETF research *	ETF research : -	ETF research : No
Quarterly Results *	Quarterly Results : -	Quarterly Results : No

Mdirect vs ProStocks Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Mdirect	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

Mdirect vs ProStocks Product & Services

Mdirect 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:

	Mdirect	ProStocks
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : -	Margin Trading : Yes
Call in Trade *	Call in Trade : -	Call in Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : -	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 : -	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : -	NRI Services : Yes
SMS Alerts *	SMS Alerts : -	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : -	Offers Multiple Plan : Yes
IPO Investment *	IPO Investment : -	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : -	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : -	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : -	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : -	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : No
Equity Future & Option Trading *	Equity Future & Option Trading : -	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : -	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : -	Market Trading : No
Monthly & Yearly Plan *	Monthly & Yearly Plan : -	Monthly & Yearly Plan : Yes
Aumtomated Trading *	Aumtomated Trading : -	Aumtomated Trading : No

Mdirect vs ProStocks Customer Services

Mdirect 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:

	Mdirect	ProStocks
Toll Free Number *	Toll Free Number : -	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : -	Live Chat Facility : No
Email Facility *	Email Facility : -	Email Facility : Yes
Branch Offices *	Branch Offices : -	Branch Offices : No
Customer Care *	Customer Care : -	Customer Care : Yes
Community Service *	Community Service : -	Community Service : No
Relationship Manager *	Relationship Manager : -	Relationship Manager : No
24/7 Support *	24/7 Support : -	24/7 Support : -

Mdirect vs ProStocks Other Investement

Mdirect 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:

	Mdirect	ProStocks
Commodity Trading *	Commodity Trading : -	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : -	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : -	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : -	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : -	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : -	Insurance Services : No
Banking Services *	Banking Services : -	Banking Services : No

Mdirect vs ProStocks Trading PlatForm

Mdirect 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:

	Mdirect	ProStocks
Web Platform *	Web Platform : -	Web Platform : Yes
Android Mobile App *	Android Mobile App : -	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : -	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : -	Desktop Mac : No
I-Pad App *	I-Pad App : -	I-Pad App : Yes
Virtual Trading *	Virtual Trading : -	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : -	iPhone Mobile App : Yes

Mdirect vs ProStocks Company Information

	Mdirect	ProStocks
Financials *	Financials : -	Financials : No
News *	News : -	News : -
Company Analysis *	Company Analysis : Yes	Company Analysis : No
Contact Now	Enquire Now	Enquire Now