Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Angel One and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹17.70 less at ProStocks | ₹41.30 | ₹23.60 |
| Two SME lots, ₹2,50,000₹23.60 less at ProStocks | ₹47.20 | ₹23.60 |
| A year: 12 mainboard lots sold₹212.40 less at ProStocks | ₹495.60 | ₹283.20 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Account opening: ₹0 for residents at Angel One, No fee listed at ProStocks.
- Demat maintenance (AMC): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, None at ProStocks.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹0 at ProStocks.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, in the IPO section of the app with a UPI mandate at Angel One, not stated at ProStocks.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at ProStocks.
Angel One vs ProStocks: charges side by side
Differs 7 of 7 charges differ between Angel One and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | No fee listed (online application) |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Not stated on the pages we checked |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000048660 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and ProStocks pages.
Angel One and ProStocks strengths and things worth checking
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Angel One vs ProStocks
| Charge | Angel One | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and ProStocks would each charge.
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Every comparison with Angel One or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹41.30 at Angel One (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹212.40 less in broker charges (our calculation). Add the yearly AMC: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; ProStocks: None.
Can I apply for SME IPOs on Angel One and ProStocks?
Angel One lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at Angel One and ProStocks?
Angel One: ₹0 for residents. ProStocks: No fee listed.
What is the demat AMC at Angel One and ProStocks?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. ProStocks: None.