SBI Securities Vs Prostocks Demat Account Comparison

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

ProStocks (a Sunlight Broking LLP venture) is among the fastest  growing online stock broking company in India. ProStocks offers ultra low cost brokerage and depository services also known as discount brokerage services.

ProStocks is popular broker for Rs 15 Flat Per Trade Plan, Rs 899 Unlimited Plan (Equity and Derivatives) and Rs 499 Unlimited Plan (Currency Derivatives). ProStocks is SEBI registered stock broker and member of BSE, NSE, CDLS.

Zero AMC Demat Account (with one time Rs 1000 refundable deposit) with the Zero Demat Account Opening Fee makes ProStocks Demat Account the cheapest Demat Account in India.

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

Sunlight Broking LLP,
B-53, Pravasi Industrial Estate,
Goregaon (East), Mumbai - 400063

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

• Delivery Trading - Equity
• Intraday Trading - Equity
• Futures Trading - Equity, Currency, Commodity
• Options Trading - Equity, Currency
• Depository Services (Demat Account)

Rs 850

Nil

1. Individual Account: Rs 750 (Rs 500 for e-statement)

Nil

Nil

Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit

Rs 5 per cert + Rs 35 courier charges per request

Rs 50 per set up + Rs 50 courier charges

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

Rs 50 per set up + Rs 50 courier charges

1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

Rs 8 + Rs 5.50 (CDSL charges) per ISIN

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 50 per set up

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Nil

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 50 per set up

Rs 10 per failed instruction.

Failed transactions Rs 50 per ISIN