Nuvama (Edelweiss)-vs-Prostocks

About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best...

Nuvama (Edelweiss) Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe?API Review FAQs

About Prostocks
ProStocks is a SEBI registered Stock Broker and

Prostocks Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe?API Review FAQs

Nuvama (Edelweiss) Vs Prostocks

Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Nuvama (Edelweiss)	Prostocks
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE
Year of Incorporation	2002	2016
Number of Branches	237	1
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Charges & AMC

Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while Prostocks account opening changes is Rs 0 (Free). Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

	Nuvama (Edelweiss)	Prostocks
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 500 (1st Year Free)	Rs 0 (Lifetime Zero AMC)

Nuvama (Edelweiss) Vs Prostocks Brokerage

Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order.

Account Type	Nuvama (Edelweiss) Nuvama Lite	Prostocks Flat Rate Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 20 per executed order	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order	Rs 15 per executed order
Equity Futures	Rs 20 per executed order	Rs 15 per executed order
Equity Options	Rs 20 per executed order	Rs 15 per executed order
Currency Futures	Rs 20 per executed order	Rs 15 per executed order
Currency Options	Rs 20 per executed order	Rs 15 per executed order
Commodity Futures	0.030%	NA
Commodity Options	Rs 50 / lot	NA
Special Offer	Special Offer: Trade @ flat Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.	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.

Nuvama (Edelweiss) Vs Prostocks Brokerage Plan 2

	Nuvama (Edelweiss)	Prostocks
Account Type	Nuvama Elite	Unlimited Equity Trading Plan
Fixed Charges	NA	Rs 899
Equity Delivery	0.30%	Rs 0
Equity Intraday	0.03%	Rs 0
Equity Futures	0.03%	Rs 0
Equity Options	Rs 75 per lot	Rs 0
Currency Futures	0.02%	NA
Currency Options	Rs 20 per lot	NA
Commodity Futures	0.015%	NA
Commodity Options	Rs 30 / lot	NA
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Brokerage Plan 3

	Nuvama (Edelweiss)	Prostocks
Account Type	Nuvama Lite	Unlimited Currency Trading Plan
Fixed Charges	NA	Rs 499
Equity Delivery	Rs 20 per executed order	NA
Equity Intraday	Rs 20 per executed order	NA
Equity Futures	Rs 20 per executed order	NA
Equity Options	Rs 20 per executed order	NA
Currency Futures	Rs 20 per executed order	Rs 0
Currency Options	Rs 20 per executed order	Rs 0
Commodity Futures	0.030%	NA
Commodity Options	Rs 50 / lot	NA
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Charges Vs Prostocks

Minimum Brokerage	0.03% Equity delivery, 0.01% Intra-day and Futures	Rs 0
Other Charges	Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges	Rs 20 per call	Rs 0 (Free)
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Leverage (Margin)

Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Prostocks margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Nuvama (Edelweiss)	Prostocks
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Compare Nuvama (Edelweiss) and Prostocks Features

The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. Prostocks offers ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API trading software.

	Nuvama (Edelweiss)	Prostocks
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress	ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Intraday Square-off Time	3:00 PM	Equity 3:15 PM \| Curr: 4:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Review

Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews whereas Prostocks is rated of 5 based on 42 customer reviews.

	Nuvama (Edelweiss)	Prostocks
	79 Customer Reviews	42 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews	Prostocks is Rated 3.2 / 5 based on 42 customer reviews

Contact Broker / Request A Call Back

	Nuvama (Edelweiss)	Prostocks
Contact Broker	Trade @ flat Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.	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.

Nuvama (Edelweiss) Vs Prostocks Investment Options

	Nuvama (Edelweiss)	Prostocks
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

Nuvama (Edelweiss) Vs Prostocks Order Type Offered

	Nuvama (Edelweiss)	Prostocks
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

Nuvama (Edelweiss) Vs Prostocks Suitable For Investor Type

	Nuvama (Edelweiss)	Prostocks
Casual Investor
Active Investor
Trader

Nuvama (Edelweiss) Vs Prostocks - Pros and Cons

	Nuvama (Edelweiss)	Prostocks
Pros	Full-service broker offering discount brokerage plan. Trade at flat Rs 20 per executed order across all segments in Nuvama Lite Plan. Instant online account opening: Open your Investing & Trading account in less than 15 minutes. Offer commodity trading on the same trading platform. Free research and trading tips call to all the customers. Online IPO application.	Cheapest flat fee broker in India. Offers Rs 899 unlimited equity and equity f&o trading and Rs 15 per trade plan. Cover Order (CO) is available in unlimited monthly plan. Bracket order is coming soon. Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account. 2-in-1 Accounts offers seamless transactions between trading and demat account. 2 Pricing plans to choose from. Lowest exchange transaction changes, guaranteed. Life time free demat account with one time Rs 1000 deposit. No account opening and no annual maintenance charges. ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee. Cheapest Call & Trade fee (Rs 10 per executed order) among all discount brokers. Other brokers charge minimum Rs 20 per trade. 24x7 customer service though Advance Interactive voice response(IVR).
Cons	The bracket orders are not available. Good Till canceled orders are not available. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures Call & Trade is available at an additional cost of Rs 20 per call.
Reviews		ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market. ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds. The Top 10 Reasons to Trade with ProStocks
Promo / Offers	Nuvama (Edelweiss) Special Offer Trade @ Rs 20 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only) Flat Rs 20 per trade across all segments. FREE Research and Trading Tips. Margin against share and Margin Funding available. It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.	Prostocks Special Offer Unlimited Monthly Trading @ Rs 899 Monthly unlimited trading plan @ Rs 899. Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O + Lifetime Free AMC Demat Account + API for algo trading. This is a limited-time offer. Open FREE Instant Demat Account and start trading today.
	Open Nuvama (Edelweiss) Account	Open Prostocks Account

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