Progressive Share Brokers Vs INDmoney
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
INDmoney
INDmoney 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 Vs INDmoney - Broker Details
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Single Margin Facility |
|
|
| Year of Incorporation | 1996 | 2019 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE and MCX |
| Branches | 3 | 966 |
| Brokerage | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Broker Type | Full Service Broker | Discount Broker |
Progressive Share Brokers Vs INDmoney - Account Opening & AMC Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| 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) |
Progressive Share Brokers Vs INDmoney - Brokerage charges & Plans
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.04% per order | N/A |
| Currency Futures | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.35% per order | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹35 per lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹35 per lot | N/A |
| Equity Futures | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹15 per lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.04% per order | 0.05% or up to ₹20/Per Order |
Progressive Share Brokers Vs INDmoney - Other Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50 per order | ₹50 per position |
| API Charges | Free API | N/A |
| Call & Trade Charges | Rs. 20 (+ GST) | ₹50 per position |
| Other Brokerage Charges | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.04% per order | 0.05% or up to ₹20/Per Order |
Progressive Share Brokers Vs INDmoney - Transaction Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Currency Options | Exchange txn charge: 0.035% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: 0.0019% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: 0.05% (on premium) | NSE: 0.053% on premium value |
| Commodity | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% | 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 Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | Exchange txn charge: 0.0009% Clearing charge: .00025% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) | NSE - 0.00325% | BSE- 0.00375% |
Progressive Share Brokers Vs INDmoney - Margin (Exposure)
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML 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 NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Progressive Share Brokers Vs INDmoney - Features
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
Progressive Share Brokers Vs INDmoney - Review & Rating
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Progressive Share Brokers Vs INDmoney - Request a call back from Broker
| Progressive Share Brokers | INDmoney | |
|---|---|---|
Progressive Share Brokers Vs INDmoney - Investment Options
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Currency |
|
|
| IPO |
|
|
| Commodity |
|
|
| Debt |
|
|
| Other Options |
|
|
| Stock Cash / Equity |
|
|
| Mutual Funds |
|
|
| Bond / NCD |
|
|
Progressive Share Brokers Vs INDmoney - Order Type
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
|
|
| BTST |
|
|
| Cover Order/CO |
|
|
| Good Till Cancelled (GTC) |
|
|
| BUY ABOVE/SELL BELOW (SL-M) |
|
|
| After Market Order(AMO) |
|
|
| STBT |
|
|
Progressive Share Brokers Vs INDmoney - Research & Report
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Free Tips |
|
|
| Quarterly Result Analysis |
|
|
| Daily Market Report |
|
|
| News Alerts |
|
|
Progressive Share Brokers Vs INDmoney - Daily Market Report
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
|
|
Progressive Share Brokers Vs INDmoney - Suitable For Investor
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Casual Investor |
|
|
| Active Investor |
|
|
| Trader |
|
|
Progressive Share Brokers Vs INDmoney - Pros & Cons
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Pros | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
Progressive Share Brokers Vs INDmoney - Background
| Progressive Share Brokers | INDmoney | |
|---|---|---|
Progressive Share Brokers Vs INDmoney - Compare All Brokers
| Progressive Share Brokers | INDmoney | |
|---|---|---|
Progressive Share Brokers Vs INDmoney - STT/CTT
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.0625% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Progressive Share Brokers Vs INDmoney - Demat transaction charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 per request | ₹250/ per certificate |
Progressive Share Brokers Vs INDmoney - GST
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Progressive Share Brokers Vs INDmoney - SEBI Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Progressive Share Brokers Vs INDmoney - Account Opening & AMC Charges
Progressive Share Brokers
INDmoney
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)
Progressive Share Brokers Vs INDmoney
| Progressive Share Brokers | INDmoney | |
|---|---|---|
Progressive Share Brokers Account Opening Process and Charges |
INDmoney Account Opening Process, Charges, and Documentation Details |
|
|
|
|
|
INDmoney
INDmoney 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 Vs INDmoney - Brokerage charges & Plans
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.04% per order | N/A |
| Currency Futures | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.35% per order | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹35 per lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹35 per lot | N/A |
| Equity Futures | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹15 per lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.04% per order | 0.05% or up to ₹20/Per Order |
Progressive Share Brokers Vs INDmoney - Margin (Exposure)
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML 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 NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Progressive Share Brokers Vs INDmoney - Other Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50 per order | ₹50 per position |
| API Charges | Free API | N/A |
| Call & Trade Charges | Rs. 20 (+ GST) | ₹50 per position |
| Other Brokerage Charges | 0.04% per order | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.04% per order | 0.05% or up to ₹20/Per Order |
Progressive Share Brokers Vs INDmoney - STT/CTT
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.0625% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Progressive Share Brokers Vs INDmoney - Demat transaction charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 per request | ₹250/ per certificate |
Progressive Share Brokers Vs INDmoney - GST
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Progressive Share Brokers Vs INDmoney - SEBI Charges
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Progressive Share Brokers Vs INDmoney - Features
| Progressive Share Brokers | INDmoney | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|