Top Stock Advisory
Prabhat Financial vs. Yes Securities
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 Prabhat Financial and Yes Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Prabhat Financial and Yes Securities.
Overview
Prabhat Financial and Yes Securities are both public companies and both are full service broker as well. Vinod Kumar Rathi co-founded Prabhat Financial in 1995. And Yes Securities was founded in the year 2013 by Prasanth Prabhakaran Eledath. Prabhat Financial's headquarters are in KANPUR (U.P.) and Yes Securities's headquarters are in Mumbai, Maharashtra.
Prabhat Financial and Yes Securities both are full service broker as well. Prabhat Financial is registered in NA, while Yes Securities is registered in BSE, NSE. The total branches of Prabhat Financial are Nil and the Yes Securities branches are 52.
| Overview | Prabhat Financial | Yes Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | KANPUR (U.P.) | Mumbai, Maharashtra |
| Founders | Vinod Kumar Rathi | Prasanth Prabhakaran Eledath |
| Foundation Year | 1995 | 2013 |
| Supported Exchanges | NA | BSE, NSE |
| Total branches | Nil | 52 |
Prabhat Financial and Yes Securities 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 Prabhat Financial charging Rs.100 and Yes Securities charging Rs.400.
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 Prabhat Financial Demat account is Free and for the Yes Securities Demat account is Rs.350 per Annum. The Trading AMC for Prabhat Financial and Yes Securities 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 Prabhat Financial and Yes Securities is CDSL.
| Account Opening and Demat Charges | Prabhat Financial | Yes Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.100 | Rs.400 |
| Demat AMC (Annual Maintenance Charges) | Free | Rs.350 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.299 per Annum | Free |
| Margin Money | Minimum Rs.3,100 | Minimum Rs.15,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Prabhat Financial and Yes Securities 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 Prabhat Financial is 0.25%, while Yes Securities 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 Prabhat Financial is 0.03% and for Yes Securities 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. Prabhat Financial charge 0.03% and Yes Securities 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, Prabhat Financial charges Rs.25 per Lot, and Yes Securities charges Rs.51 per Lot.
| Equity Brokerage Charges | Prabhat Financial | Yes Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.25% | 0.51% |
| Equity Intraday Brokerage | 0.03% | 0.05% |
| Equity Futures Brokerage | 0.03% | 0.05% |
| Equity Options Brokerage | Rs.25 per Lot | Rs.51 per Lot |
Prabhat Financial and Yes Securities 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 Prabhat Financial is 0.03% and for Yes Securities 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. Prabhat Financial charges Rs.15 per Lot for currency options, whereas Prabhat Financial charges Rs.31 per Lot.
| Currency Brokerage Charges | Prabhat Financial | Yes Securities |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.05% |
| Currency Options Brokerage | Rs.15 per Lot | Rs.31 per Lot |
Prabhat Financial and Yes Securities 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. Prabhat Financial charges 0.03% for commodity trading, while Yes Securities charges 0.05%.
| Commodity Brokerage Charges | Prabhat Financial | Yes Securities |
|---|---|---|
| Commodity Options Brokerage | 0.03% | 0.05% |
Prabhat Financial and Yes Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Prabhat Financial levies a minimum brokerage fee of Percentage of Transaction, while Yes Securities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Prabhat Financial levies a transaction brokerage charge of 0.00315%, while Yes Securities charges 0.0000321.
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 Prabhat Financial is 0.0002% of Total Turnover and for Prabhat Financial 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 Prabhat Financial are 0.0126% of Total Turnover, while for Yes Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Prabhat Financial charges NA and Yes Securities charges Additional Rs 25 per executed order.
| Other Brokerage Charges | Prabhat Financial | Yes Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00315% | 0.0000321 | SEBI Turnover Charges | 0.0002% 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 | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Additional Rs 25 per executed order |
Prabhat Financial and Yes Securities 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 Prabhat Financial is up to Upto 2x and by Yes Securities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Prabhat Financial is up to Upto 5x and by Yes Securities it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Prabhat Financial is up to Upto 3x and by Yes Securities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Prabhat Financial is up to Upto 6x and by Yes Securities also, it is up to Upto 6x.
| Equity Leverage | Prabhat Financial | Yes Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 5x | Upto 10x | Equity Futures | Upto 3x | Upto 2x | Equity Options | Upto 6x | Upto 6x |
Prabhat Financial and Yes Securities Currency Leverage
The currency futures leverage provided by Prabhat Financial is up to Upto 2x, while for Yes Securities it is up to Upto 3x.
The currency options leverage provided by Prabhat Financial is up to Upto 1x, while for Yes Securities it is up to Upto 2x.
| Currency Leverage | Prabhat Financial | Yes Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 3x | Currency Options | Upto 1x | Upto 2x |
Prabhat Financial and Yes Securities Commodity Leverage
The commodity leverage provided by Prabhat Financial is up to Upto 3x, while for Yes Securities it is up to Upto 2x.
| Commodity Leverage | Prabhat Financial | Yes Securities |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Prabhat Financial and Yes Securities 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 | Prabhat Financial | Yes Securities |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | Yes | 1 Month Free Plan | No | Yes | Holiday Offers | No | Yes | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Prabhat Financial and Yes Securities Features
Equity Trading: Prabhat Financial and Yes Securities 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: Prabhat Financial and Yes Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Prabhat Financial and Yes Securities broker is that you can also invest in IPOs. Prabhat Financial also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Prabhat Financial offers trading exposure of up to Upto 5x, while Yes Securities gives up to Upto 10x.
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 Prabhat Financial and Yes Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Prabhat Financial and Yes Securities also allow you to trade in forex trading.
| Features | Prabhat Financial | Yes Securities |
|---|---|---|
| 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 | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 10x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | Yes | Insurance | No | Yes |
Prabhat Financial and Yes Securities 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. Prabhat Financial and Yes Securities 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 | Prabhat Financial | Yes Securities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Prabhat Financial and Yes Securities 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. Prabhat Financial and Yes Securities 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 | Prabhat Financial | Yes Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Prabhat Financial and Yes Securities Mobile Trading Platforms
Prabhat Financial and Yes Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Prabhat Financial | Yes Securities |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Prabhat Financial and Yes Securities 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. Prabhat Financial and Yes Securities 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 | Prabhat Financial | Yes Securities |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | Yes |
| Support Branches | 480 | 920 |
Prabhat Financial and Yes Securities 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 Prabhat Financial and Yes Securities registered and resolved complaints.
For Prabhat Financial, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Yes Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Prabhat Financial is better than Yes Securities in case of resolving customer complaints.
| BSE Complaints | Prabhat Financial | Yes Securities |
|---|---|---|
| BSE Complaints | 1 | 2 |
| BSE Resolved Complaints | 1 | 2 |
| Percentage of resolved BSE complaints | 100.00 % | 100.00 % |
| NSE Complaints | 5 | 9 |
| NSE Resolved Complaints | 5 | 9 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 100.00 % |
Frequently Asked Questions
Is Prabhat Financial better than Yes Securities?
Prabhat Financial and Yes Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Yes Securities better than Prabhat Financial?
Yes Securities and Prabhat Financial are at the top among the best full service brokers. 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 Prabhat Financial and Yes Securities?
Prabhat Financial and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. 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, Prabhat Financial and Yes Securities?
To figure out which of the two stockbrokers, Prabhat Financial and Yes Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Prabhat Financial with other stock brokers
Visit the following pages to see a detailed comparision report of Prabhat Financial with other brokerage firms.
Compare Yes Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Yes Securities with other brokerage firms.