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
StoxkartSEBI INZ000196835
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where ProStocks and Stoxkart differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | ProStocks | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹23.60 less at ProStocks; a DP charge is not published | ₹23.60 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹23.60 less at ProStocks; a DP charge is not published | ₹23.60 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹283.20 less at ProStocks; a DP charge is not published | ₹283.20 | ₹283.20 brokerage; DP charge not published |
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: No fee listed at ProStocks, ₹0 at Stoxkart.
- Demat maintenance (AMC): None at ProStocks, not stated at Stoxkart.
- Equity delivery brokerage: ₹0 at ProStocks, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹20 per scrip plus 18% GST at ProStocks, not stated at Stoxkart.
The same at both: mainboard IPOs and SME IPOs.
ProStocks vs Stoxkart: charges side by side
Differs 5 of 7 charges differ between ProStocks and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | ProStocks | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | No fee listed (online application) | ₹0 |
| Demat maintenance (AMC) | None; ₹1,000 refundable demat deposit | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹0 (flat fee plan) | ₹20 per executed order |
| DP charge on selling shares | ₹20 per scrip plus 18% GST | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000048660 | INZ000196835 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the ProStocks and Stoxkart pages.
ProStocks and Stoxkart strengths and things worth checking
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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: ProStocks vs Stoxkart
| Charge | ProStocks | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what ProStocks and Stoxkart would each charge.
Other comparisons
Every comparison with ProStocks or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, ProStocks or Stoxkart?
Stoxkart does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹23.60 less at ProStocks (our calculation). For two SME lots worth ₹2,50,000: ProStocks ₹23.60, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between ProStocks and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹283.20 less at ProStocks (our calculation).
Can I apply for SME IPOs on ProStocks and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at ProStocks and Stoxkart?
ProStocks: No fee listed. Stoxkart: ₹0.
What is the demat AMC at ProStocks and Stoxkart?
ProStocks: None. Stoxkart: not stated.