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Nirmal Bang Vs Prostocks – Share Brokers Comparison
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Nirmal Bang Vs Prostocks
Here is a point by point comparison of Nirmal Bang Vs Prostocks. Nirmal Bang is an oldie in full-service broking segment in India with its operations starting in as early as 1986. This stockbroking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
Prostocks, relatively a new entrant into the Indian stock market, is a discount broker that charges a flat fee per transaction from the customers. This stock broking firm was founded recently in February 2016.
Everything about discount brokers such as Prostocks is internet based, be it – customer service, trading, account opening etc. Full service brokers such as Nirmal Bang, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Nirmal Bang Vs Prostocks to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Prostocks Review | Nirmal Bang Review | |
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2016 | 1986 |
| Number of branches across India | 2 | 2000 |
| Exchanges | BSE, NSE | NSE, BSE, MCX, NCDEX and MCX–SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹200 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | Nirmal Bang Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.2% |
| Intraday Delivery | ₹15 per executed trade | 0.02% |
| Equity Futures | ₹15 per executed trade | 0.02% |
| Equity Options | ₹15 per executed trade | ₹35 per lot |
| Currency Futures | ₹15 per executed trade | 0.02% |
| Currency Options | ₹15 per executed trade | ₹20 per lot |
| Commodity | NA | 0.01% |
| Calculate Brokerage | Prostocks Brokerage Calculator | Nirmal Bang Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 4 times for Delivery, upto 10 times for Intraday |
| Equity Futures | Upto 1.5 times | Upto 4 times |
| Equity Options | Upto 1.5 times | No Margins for Buying, Upto 2 times for Shorting |
| Currency Futures | NA | No Margins for Buying, Upto 2 times for Shorting |
| Currency Options | NA | Upto 3 times |
| Commodities | NA | Upto 3 times |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ProStocks Web, ProStocks Mobile and ProStocks Desktop | ODIN Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App |
| Complaints Percentage of Active Clients | 0.15% | 0.12% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Nirmal Bang Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.
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Date
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Nirmal Bang Vs Prostocks
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