Progressive Share Brokerage and Other Charges Review
Progressive Share Brokers is one of India's oldest stock trading companies. Anil N. Gaggar and Mahesh N. Gaggar started Progressive Share Brokers in 1996. Progressive has stock trading memberships with major financial stock exchanges such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Commodity and Derivatives Exchange (NCDEX), and Multi Commodity Exchange (MCX). Furthermore, Progressive Share Brokers is a depository member of Central Depository Services Limited (CDSL). Progressive Share Brokers provides a wide range of financial goods and services, including equity, commodities, currencies, derivatives, mutual funds, IPOs, depository, loans against shares, mobile trading, and so on. Progressive Share Brokers offers an online platform and a mobile app for trading and investing in various stock market divisions. Progressive Share Brokers is offering financial services and products to more than 10,000 customers across the country. Progressive does not charge any charges for opening demat and trading accounts, but they charge a small fee as AMC charges.
Progressive Share Brokerage Details
Progressive Share Brokers offers low-cost and competitive brokerage fees for buying and selling stock market securities. Progressive Share Brokers cannot charge brokerage charges more than the maximum brokerage limit allowed by the financial regulatory bodies. Progressive Share Brokerage charges can vary for any individual customer as per their trading and investment needs. Progressive Share Brokerage charges are as follows:
Segment
Brokerage Rates
Equity Delivery
0.35% per order
Equity Intraday
0.04% per order
Currency Futures
0.04% per order
Currency Options
Rs. 15 per lot
Commodity Futures
0.04% per order
Commodity Options
Rs. 35 per lot
Equity Futures
0.04% per order
Equity Options
Rs. 35 per lot
Progressive Share Brokers Account Opening Charges
Progressive Share Brokers account opening charges are as follows:
Account Type
Charges
Demat Account Opening Charges
₹0
Demat Account AMC Charges
Rs. 250 per Year
Trading Account Opening Charges
₹0
Trading Account AMC Charges
NA
Progressive Share Brokers Demat, Remat, and Other Charges Details
Particulars
Charges
Demat Charges
₹10 per request
Remat Charges
₹15 per request
Transaction (Debit)
min. Rs. 15/- per instruction
Pledge Creation
Rs. 25/ Request or 0.03%
Pledge Creation Confirmation
Nil
Pledge Closure
Rs. 25/ Request or 0.03%
Pledge Closure Confirmation
Nil
Pledge Invocation
Nil
Failed instruction charges
Nil
Comments for Progressive Share Brokerage and Other Charges Review
Progressive Share Brokers offers many financial services and products, such as equity, commodity, currency, derivatives, mutual funds, IPOs, loans against shares, mobile trading, internet trading, etc.
You can open demat and trading accounts with Progressive Share Brokers by submitting the required documents, such as an Aadhar Card, PAN card, bank account details, etc., for KYC completion.
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