Quick Comparision (Progressive Share Brokers
VS Basan Equity Broking)
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
Progressive Share Brokers
Basan Equity Broking
Single Margin Facility
Year of Incorporation
1996
2007
Exchanges
NSE, BSE, MCX and NCDEX
BSE, NSE, MCX, NSDL, and CDSL
Branches
3
N/A
Brokerage
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Broker Type
Full Service Broker
Full Service Broker
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Progressive Share Brokers
Basan Equity Broking
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹250 per Year
₹0 (Free)
Trading Account AMC
NA
₹0 (Free)
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Progressive Share Brokers
Basan Equity Broking
Commodity Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Currency Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Equity Delivery
0.35% per order
Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order
Equity Options
₹35 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Commodity Options
₹35 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Equity Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Currency Options
₹15 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Fixed Charges
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Equity Intraday
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
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Progressive Share Brokers
Basan Equity Broking
RMS Square Off Charge
₹50 per order
₹0 (Free)
API Charges
Free API
₹0 (Free)
Call & Trade Charges
Rs. 20 (+ GST)
₹0 (Free)
Other Brokerage Charges
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Minimum Brokerage
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
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Progressive Share Brokers
Basan Equity Broking
Currency Options
Exchange txn charge: 0.035%
NSE : 0.035% | BSE : 0.001%
Equity Futures
NSE: 0.0019%
0.0020%
Equity Intraday
NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group)
NSE : 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
Equity Options
NSE: 0.05% (on premium)
0.053% (on premium)
Commodity
Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025%
0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option:- 0.05%
Currency Futures
Exchange txn charge: 0.0009% Clearing charge: .00025%
NSE : 0.0009% | BSE : 0.00022%
Equity Delivery
NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group)
NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
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Progressive Share Brokers
Basan Equity Broking
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)
4x (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)
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Progressive Share Brokers
Basan Equity Broking
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:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM
Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM
Trading Platform
1. Investor 360 Web Portal, 2. Investor 360 Mobile App
1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe
SMS Alerts for Trades
Direct Mutual Fund
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Progressive Share Brokers
Basan Equity Broking
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Progressive Share Brokers
Basan Equity Broking
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Progressive Share Brokers
Basan Equity Broking
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Progressive Share Brokers
Basan Equity Broking
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Progressive Share Brokers
Basan Equity Broking
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Progressive Share Brokers
Basan Equity Broking
Daily Market Reports & News
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Progressive Share Brokers
Basan Equity Broking
Casual Investor
Active Investor
Trader
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Progressive Share Brokers
Basan Equity Broking
Pros
1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features
1. Professional Expertise 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. 5.Personalized Services, 6. Efficient Trading Platforms
Cons
1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches
1.Market Volatility Risks 2. Dependency on Market Performance 3. The fortune trading is petty limited. 4. Exchange transactions charges are higher than other discount brokers.
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Progressive Share Brokers
Basan Equity Broking
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Progressive Share Brokers
Basan Equity Broking
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Progressive Share Brokers
Basan Equity Broking
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on sell side
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell side
0.025% on Sale side
Equity Options
0.0625% on sell side (on premium)
0.05% on sell side (on premium) | Option Excised 0.125%
Currency Options
No STT
No STT
Equity Delivery
0.1% on buy & sell
0.1% Buy & Sell
Equity Futures
0.0125% on sell side
0.01% on sell side
Commodity Options
0.05% on sell side
0.05% on sell side
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Progressive Share Brokers
Basan Equity Broking
Equity Demat Transaction Charges
₹10 per request
N/A
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Progressive Share Brokers
Basan Equity Broking
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge)
18% on (brokerage + transaction charges + SEBI charges)
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Progressive Share Brokers
Basan Equity Broking
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹250 per Year
₹0 (Free)
Trading Account AMC
NA
₹0 (Free)
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Progressive Share Brokers
Basan Equity Broking
Progressive Share Brokers Account Opening Process and Charges
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Basan Equity Broking Account Opening Process, Charges, and Details
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Progressive Share Brokers
Basan Equity Broking
Commodity Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Currency Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Equity Delivery
0.35% per order
Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order
Equity Options
₹35 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Commodity Options
₹35 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Equity Futures
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Currency Options
₹15 per lot
Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order
Fixed Charges
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Equity Intraday
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Call Back
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Enquiry with Basan Equity Broking
Progressive Share Brokers
Basan Equity Broking
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)
4x (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)
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Progressive Share Brokers
Basan Equity Broking
RMS Square Off Charge
₹50 per order
₹0 (Free)
API Charges
Free API
₹0 (Free)
Call & Trade Charges
Rs. 20 (+ GST)
₹0 (Free)
Other Brokerage Charges
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
Minimum Brokerage
0.04% per order
Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order
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Progressive Share Brokers
Basan Equity Broking
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on sell side
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell side
0.025% on Sale side
Equity Options
0.0625% on sell side (on premium)
0.05% on sell side (on premium) | Option Excised 0.125%
Currency Options
No STT
No STT
Equity Delivery
0.1% on buy & sell
0.1% Buy & Sell
Equity Futures
0.0125% on sell side
0.01% on sell side
Commodity Options
0.05% on sell side
0.05% on sell side
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Progressive Share Brokers
Basan Equity Broking
Equity Demat Transaction Charges
₹10 per request
N/A
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Enquiry with Basan Equity Broking
Progressive Share Brokers
Basan Equity Broking
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction Charge)
18% on (brokerage + transaction charges + SEBI charges)
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Enquiry with Basan Equity Broking
Progressive Share Brokers
Basan Equity Broking
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
Call Back
Enquiry
Enquiry with Basan Equity Broking
Progressive Share Brokers
Basan Equity Broking
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:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM
Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM
Trading Platform
1. Investor 360 Web Portal, 2. Investor 360 Mobile App
1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Enquiry
Enquiry with Basan Equity Broking