Top Stock Advisory
Compositedge vs. Prudent Broking
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Compositedge and Prudent Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Compositedge and Prudent Broking.
Overview
Compositedge are Prudent Broking both private companies and Compositedge operates as a discount broker, while Prudent Broking functions as a full service broker. Mukesh Patel, Satish Dutt & Brijesh Patel co-founded Compositedge in 1997. And Prudent Broking was founded in the year 2004 by Munjal Jayant Mehta. Compositedge's headquarters are in Bangalore, Karnataka and Prudent Broking's headquarters are in Ahmedabad, GJ.
Compositedge operates as a discount broker, while Prudent Broking functions as a full service broker. Compositedge is registered in NA, while Prudent Broking is registered in NA. The total branches of Compositedge are Nil and the Prudent Broking branches are Nil.
Overview | Compositedge | Prudent Broking |
---|---|---|
Broker Type | Discount Broker | Full Service Broker |
Type of company | Private | Private |
Headquarter | Bangalore, Karnataka | Ahmedabad, GJ |
Founders | Mukesh Patel, Satish Dutt & Brijesh Patel | Munjal Jayant Mehta |
Foundation Year | 1997 | 2004 |
Supported Exchanges | NA | NA |
Total branches | Nil | Nil |
Compositedge and Prudent Broking Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Compositedge charging Rs.400 and Prudent Broking charging Rs.310.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Compositedge Demat account is Free and for the Prudent Broking Demat account is Rs.310 per Annum. The Trading AMC for Compositedge and Prudent Broking is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Compositedge and Prudent Broking is CDSL.
Account Opening and Demat Charges | Compositedge | Prudent Broking |
---|---|---|
Trading Account Opening Charges | Rs.400 | Rs.310 |
Demat AMC (Annual Maintenance Charges) | Free | Rs.310 per Annum |
Trading AMC (Annual Maintenance Charges) | Free | Free |
Margin Money | Zero Margin | Minimum Rs.5,100 |
Offline to Online Charges | Yes | Yes |
Depository | CDSL & NSDL | CDSL & NSDL |
Compositedge and Prudent Broking Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Compositedge is Rs.15 per executed order, while Prudent Broking charges you 0.51%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Compositedge is Rs.15 per executed order and for Prudent Broking also, it is 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Compositedge charge Rs.15 per executed order and Prudent Broking charge 0.05% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Compositedge charges Rs.15 per executed order, and Prudent Broking charges Rs.51 per Lot.
Equity Brokerage Charges | Compositedge | Prudent Broking |
---|---|---|
Equity Delivery Brokerage | Rs.15 per executed order | 0.51% |
Equity Intraday Brokerage | Rs.15 per executed order | 0.05% |
Equity Futures Brokerage | Rs.15 per executed order | 0.05% |
Equity Options Brokerage | Rs.15 per executed order | Rs.51 per Lot |
Compositedge and Prudent Broking Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Compositedge is Rs.15 per executed order and for Prudent Broking is 0.05%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Compositedge charges Rs.15 per executed order for currency options, whereas Compositedge charges Rs.31 per Lot.
Currency Brokerage Charges | Compositedge | Prudent Broking |
---|---|---|
Currency Futures Brokerage | Rs.15 per executed order | 0.05% |
Currency Options Brokerage | Rs.15 per executed order | Rs.31 per Lot |
Compositedge and Prudent Broking Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Compositedge charges Rs.15 per executed order for commodity trading, while Prudent Broking charges 0.05%.
Commodity Brokerage Charges | Compositedge | Prudent Broking |
---|---|---|
Commodity Options Brokerage | Rs.15 per executed order | 0.05% |
Compositedge and Prudent Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Compositedge levies a minimum brokerage fee of Rs.15, while Prudent Broking charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Compositedge levies a transaction brokerage charge of 0.00325% of Total Turnover, while Prudent Broking charges 0.00315%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Compositedge is 0.0006% of Total Turnover and for Compositedge is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Compositedge are 0.0116% of Total Turnover, while for Prudent Broking, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Compositedge charges NA and Prudent Broking charges NA.
Other Brokerage Charges | Compositedge | Prudent Broking |
---|---|---|
Minimum Brokerage Charges | Rs.15 | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00315% | SEBI Turnover Charges | 0.0006% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0116% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Compositedge and Prudent Broking Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Compositedge is up to Upto 2x and by Prudent Broking it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Compositedge is up to Upto 5x and by Prudent Broking it is up to Upto 7x.
Equity Futures: Leverage for Equity Futures by Compositedge is up to Upto 3x and by Prudent Broking it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Compositedge is up to Upto 3x and by Prudent Broking also, it is up to Upto 5x.
Equity Leverage | Compositedge | Prudent Broking |
---|---|---|
Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 5x | Upto 7x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 3x | Upto 5x |
Compositedge and Prudent Broking Currency Leverage
The currency futures leverage provided by Compositedge is up to Upto 2x, while for Prudent Broking it is up to Upto 3x.
The currency options leverage provided by Compositedge is up to Upto 2x, while for Prudent Broking it is up to Upto 3x.
Currency Leverage | Compositedge | Prudent Broking |
---|---|---|
Currency Futures | Upto 2x | Upto 3x | Currency Options | Upto 2x | Upto 3x |
Compositedge and Prudent Broking Commodity Leverage
The commodity leverage provided by Compositedge is up to Upto 2x, while for Prudent Broking it is up to Upto 3x.
Commodity Leverage | Compositedge | Prudent Broking |
---|---|---|
Commodity | Upto 2x | Upto 3x |
Compositedge and Prudent Broking Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
Offers | Compositedge | Prudent Broking |
---|---|---|
Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | No | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Compositedge and Prudent Broking Features
Equity Trading: Compositedge and Prudent Broking brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Compositedge and Prudent Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Compositedge and Prudent Broking broker is that you can also invest in IPOs. Compositedge also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Compositedge offers trading exposure of up to Upto 5x, while Prudent Broking gives up to Upto 7x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Compositedge and Prudent Broking, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Compositedge and Prudent Broking also allow you to trade in forex trading.
Features | Compositedge | Prudent Broking |
---|---|---|
Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
Trading Institution | No | Yes | Trading Exposure | Upto 5x | Upto 7x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Compositedge and Prudent Broking Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Compositedge and Prudent Broking offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
Advisory Services | Compositedge | Prudent Broking |
---|---|---|
Fundamental Reports | No | Yes |
Research Reports | No | Yes |
Company Reports | No | Yes |
Annual Reports | No | Yes |
Company Stock Review | No | Yes |
Free Stock Tips | No | Yes |
IPO Reports | No | Yes |
Top Picks | No | Yes |
Daily Market Review | No | Yes |
Monthly Reports | No | Yes |
Weekly reports | No | Yes |
Offline Advisory | No | Yes |
Relationship Manager | No | Yes |
Compositedge and Prudent Broking Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Compositedge and Prudent Broking offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
Desktop Trading Platforms | Compositedge | Prudent Broking |
---|---|---|
Windows | Yes | Yes |
Mac | Yes | Yes |
Desktop Browser | Yes | No |
Compositedge and Prudent Broking Mobile Trading Platforms
Compositedge and Prudent Broking offer you mobile trading platforms which can be used in iOS and Android applications.
Mobile Trading Platforms | Compositedge | Prudent Broking |
---|---|---|
Mobile Browser | Yes | Yes |
Android App | No | Yes |
iOS App | No | Yes |
Windows App | No | No |
Other mobile os | No | No |
Compositedge and Prudent Broking Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Compositedge and Prudent Broking give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
Customer Support Features | Compositedge | Prudent Broking |
---|---|---|
Relationship Manager | No | Yes |
Offline Trading | No | Yes |
Online Trading | Yes | Yes |
24 * 7 Support | No | No |
Email Support | Yes | Yes |
Chat Support | No | No |
Toll free number | No | No |
Support Branches | 0 | 20 |
Compositedge and Prudent Broking Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Compositedge and Prudent Broking registered and resolved complaints.
For Compositedge, the Percentage of resolved BSE complaints is 93.33 % and the Percentage of resolved NSE complaints is 91.18 %.
For Prudent Broking, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Compositedge is better than Prudent Broking in case of resolving customer complaints.
BSE Complaints | Compositedge | Prudent Broking |
---|---|---|
BSE Complaints | 15 | 1 |
BSE Resolved Complaints | 14 | 1 |
Percentage of resolved BSE complaints | 93.33 % | 100.00 % |
NSE Complaints | 34 | 12 |
NSE Resolved Complaints | 31 | 12 |
Percentage of resolved NSE complaints | 91.18 % | 100.00 % |
BSE/NSE Complaint vs. Resolved Percentage | 92.25 % | 100.00 % |
Frequently Asked Questions
Is Compositedge better than Prudent Broking?
Compositedge is a discount broker and Prudent Broking is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Prudent Broking better than Compositedge?
Prudent Broking is a full service broker and Compositedge is a discount broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Compositedge and Prudent Broking?
The brokerage charges for Compositedge are on the cheaper side since it is a discount broker, while Prudent Broking is a full-service broker. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Compositedge and Prudent Broking?
To figure out which of the two stockbrokers, Compositedge and Prudent Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Compositedge with other stock brokers
Visit the following pages to see a detailed comparision report of Compositedge with other brokerage firms.
Compare Prudent Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Prudent Broking with other brokerage firms.