Elite Wealth Vs Progressive Share Brokers
Elite Wealth
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Elite Wealth Vs Progressive Share Brokers - Broker Details
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1990 | 1996 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX |
| Branches | N/A | 3 |
| Brokerage | 0.03% | 0.04% per order |
| Broker Type | Full Service Broker | Full Service Broker |
Elite Wealth Vs Progressive Share Brokers - Account Opening & AMC Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
Elite Wealth Vs Progressive Share Brokers - Brokerage charges & Plans
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.03% | 0.04% per order |
| Currency Futures | 0.03% | 0.04% per order |
| Equity Delivery | 0.33% | 0.35% per order |
| Equity Options | ₹33 per Lot | ₹35 per lot |
| Commodity Options | 0.03% | ₹35 per lot |
| Equity Futures | 0.03% | 0.04% per order |
| Currency Options | ₹33 per Lot | ₹15 per lot |
| Fixed Charges | 0.03% | 0.04% per order |
| Equity Intraday | 0.03% | 0.04% per order |
Elite Wealth Vs Progressive Share Brokers - Other Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | ₹0 (Free) | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.03% | 0.04% per order |
| Minimum Brokerage | 0.03% | 0.04% per order |
Elite Wealth Vs Progressive Share Brokers - Transaction Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | Exchange txn charge: 0.035% |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE: 0.0019% |
| Equity Intraday | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE: 0.053% on Premium value | NSE: 0.05% (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
Elite Wealth Vs Progressive Share Brokers - Margin (Exposure)
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
Elite Wealth Vs Progressive Share Brokers - Features
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Elite Wealth Vs Progressive Share Brokers - Review & Rating
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Elite Wealth Vs Progressive Share Brokers - Request a call back from Broker
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
Elite Wealth Vs Progressive Share Brokers - Investment Options
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Elite Wealth Vs Progressive Share Brokers - Order Type
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Elite Wealth Vs Progressive Share Brokers - Research & Report
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Elite Wealth Vs Progressive Share Brokers - Daily Market Report
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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Elite Wealth Vs Progressive Share Brokers - Suitable For Investor
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Elite Wealth Vs Progressive Share Brokers - Pros & Cons
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Pros | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
Elite Wealth Vs Progressive Share Brokers - Background
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
Elite Wealth Vs Progressive Share Brokers - Compare All Brokers
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
Elite Wealth Vs Progressive Share Brokers - STT/CTT
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell side |
| Equity Options | 0.05% on Sell (on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on buy & sell |
| Equity Futures | 0.01 % on Sell | 0.0125% on sell side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs Progressive Share Brokers - Demat transaction charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹10 per request |
Elite Wealth Vs Progressive Share Brokers - GST
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Elite Wealth Vs Progressive Share Brokers - SEBI Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs Progressive Share Brokers - Account Opening & AMC Charges
Elite Wealth
Progressive Share Brokers
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
Elite Wealth Vs Progressive Share Brokers
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
Elite Wealth Review | Products and Trading Platforms |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Elite Wealth Vs Progressive Share Brokers - Brokerage charges & Plans
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.03% | 0.04% per order |
| Currency Futures | 0.03% | 0.04% per order |
| Equity Delivery | 0.33% | 0.35% per order |
| Equity Options | ₹33 per Lot | ₹35 per lot |
| Commodity Options | 0.03% | ₹35 per lot |
| Equity Futures | 0.03% | 0.04% per order |
| Currency Options | ₹33 per Lot | ₹15 per lot |
| Fixed Charges | 0.03% | 0.04% per order |
| Equity Intraday | 0.03% | 0.04% per order |
Elite Wealth Vs Progressive Share Brokers - Margin (Exposure)
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
Elite Wealth Vs Progressive Share Brokers - Other Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50 per order |
| API Charges | ₹0 (Free) | Free API |
| Call & Trade Charges | ₹0 (Free) | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.03% | 0.04% per order |
| Minimum Brokerage | 0.03% | 0.04% per order |
Elite Wealth Vs Progressive Share Brokers - STT/CTT
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell side |
| Equity Options | 0.05% on Sell (on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on buy & sell |
| Equity Futures | 0.01 % on Sell | 0.0125% on sell side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs Progressive Share Brokers - Demat transaction charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹10 per request |
Elite Wealth Vs Progressive Share Brokers - GST
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Elite Wealth Vs Progressive Share Brokers - SEBI Charges
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs Progressive Share Brokers - Features
| Elite Wealth | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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