FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage 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 FYERS and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹14.75 less at ProStocks | ₹38.35 | ₹23.60 |
| Two SME lots, ₹2,50,000₹14.75 less at ProStocks | ₹38.35 | ₹23.60 |
| A year: 12 mainboard lots sold₹177.00 less at ProStocks | ₹460.20 | ₹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 at FYERS, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 for trading and demat accounts at FYERS, None at ProStocks.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹0 at ProStocks.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, on the FYERS web and mobile platforms, with ₹0 brokerage at FYERS, not stated at ProStocks.
- SME IPOs: The help page lists applications by type at FYERS, not stated at ProStocks.
FYERS vs ProStocks: charges side by side
Differs 7 of 7 charges differ between FYERS and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Not stated on the pages we checked |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000008524 | 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 FYERS and ProStocks pages.
FYERS and ProStocks strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
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: FYERS vs ProStocks
| Charge | FYERS | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and ProStocks would each charge.
Other comparisons
Every comparison with FYERS or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹177.00 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; ProStocks: None.
Can I apply for SME IPOs on FYERS and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at FYERS and ProStocks?
FYERS: ₹0. ProStocks: No fee listed.
What is the demat AMC at FYERS and ProStocks?
FYERS: ₹0 for trading and demat accounts. ProStocks: None.