Compare stock brokers
Progressive Share vs. Saaketa Consultants
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 Progressive Share and Saaketa Consultants. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Progressive Share and Saaketa Consultants.
Overview
Progressive Share is private company and Saaketa Consultants is public company. both are full service broker as well. Anil Gaggar co-founded Progressive Share in 1994. And Saaketa Consultants was founded in the year 1992 by Jimmy A Patel. Progressive Share's headquarters are in Mumbai, Maharashtra and Saaketa Consultants's headquarters are in Hyderabad, AP.
Progressive Share and Saaketa Consultants both are full service broker as well. Progressive Share is registered in NA, while Saaketa Consultants is registered in NA. The total branches of Progressive Share are Nil and the Saaketa Consultants branches are Nil.
| Overview | Progressive Share | Saaketa Consultants |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, Maharashtra | Hyderabad, AP |
| Founders | Anil Gaggar | Jimmy A Patel |
| Foundation Year | 1994 | 1992 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Progressive Share and Saaketa Consultants 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 Progressive Share charging Rs.250 and Saaketa Consultants charging Rs.300.
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 Progressive Share Demat account is Rs.250 per Annum and for the Saaketa Consultants Demat account is Rs.399 per Annum. The Trading AMC for Progressive Share and Saaketa Consultants 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 Progressive Share and Saaketa Consultants is CDSL.
| Account Opening and Demat Charges | Progressive Share | Saaketa Consultants |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.399 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,100 | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Progressive Share and Saaketa Consultants 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 Progressive Share is 0.35%, while Saaketa Consultants charges you 0.17%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Progressive Share is 0.04% and for Saaketa Consultants also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Progressive Share charge 0.04% and Saaketa Consultants charge 0.02% 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, Progressive Share charges Rs.35 per Lot, and Saaketa Consultants charges Rs.17 per Lot.
| Equity Brokerage Charges | Progressive Share | Saaketa Consultants |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | 0.17% |
| Equity Intraday Brokerage | 0.04% | 0.02% |
| Equity Futures Brokerage | 0.04% | 0.02% |
| Equity Options Brokerage | Rs.35 per Lot | Rs.17 per Lot |
Progressive Share and Saaketa Consultants 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 Progressive Share is 0.04% and for Saaketa Consultants is 0.02%.
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. Progressive Share charges Rs.15 per Lot for currency options, whereas Progressive Share charges Rs.17 per Lot.
| Currency Brokerage Charges | Progressive Share | Saaketa Consultants |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.02% |
| Currency Options Brokerage | Rs.15 per Lot | Rs.17 per Lot |
Progressive Share and Saaketa Consultants 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. Progressive Share charges 0.04% for commodity trading, while Saaketa Consultants charges 0.02%.
| Commodity Brokerage Charges | Progressive Share | Saaketa Consultants |
|---|---|---|
| Commodity Options Brokerage | 0.04% | 0.02% |
Progressive Share and Saaketa Consultants Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Progressive Share levies a minimum brokerage fee of Percentage of Transaction, while Saaketa Consultants charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Progressive Share levies a transaction brokerage charge of 0.00299%, while Saaketa Consultants charges 0.00298%.
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 Progressive Share is 0.0002% of Total Turnover and for Progressive Share 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 Progressive Share are 0.0126% of Total Turnover, while for Saaketa Consultants, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Progressive Share charges NA and Saaketa Consultants charges NA.
| Other Brokerage Charges | Progressive Share | Saaketa Consultants |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00299% | 0.00298% | 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 selling value | Call and Trade Charges | NA | NA |
Progressive Share and Saaketa Consultants 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 Progressive Share is up to Upto 3x and by Saaketa Consultants it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Progressive Share is up to Upto 6x and by Saaketa Consultants it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Progressive Share is up to Upto 2x and by Saaketa Consultants it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Progressive Share is up to Upto 5x and by Saaketa Consultants also, it is up to Upto 5x.
| Equity Leverage | Progressive Share | Saaketa Consultants |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 6x | Upto 6x | Equity Futures | Upto 2x | Upto 3x | Equity Options | Upto 5x | Upto 5x |
Progressive Share and Saaketa Consultants Currency Leverage
The currency futures leverage provided by Progressive Share is up to Upto 2x, while for Saaketa Consultants it is up to Upto 2x.
The currency options leverage provided by Progressive Share is up to Upto 3x, while for Saaketa Consultants it is up to Upto 4x.
| Currency Leverage | Progressive Share | Saaketa Consultants |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 3x | Upto 4x |
Progressive Share and Saaketa Consultants Commodity Leverage
The commodity leverage provided by Progressive Share is up to Upto 2x, while for Saaketa Consultants it is up to Upto 2x.
| Commodity Leverage | Progressive Share | Saaketa Consultants |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Progressive Share and Saaketa Consultants 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 | Progressive Share | Saaketa Consultants |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | Yes | No | Holiday Offers | No | Yes | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Progressive Share and Saaketa Consultants Features
Equity Trading: Progressive Share and Saaketa Consultants 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: Progressive Share and Saaketa Consultants also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Progressive Share and Saaketa Consultants broker is that you can also invest in IPOs. Progressive Share also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Progressive Share offers trading exposure of up to Upto 6x, while Saaketa Consultants gives up to Upto 6x.
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 Progressive Share and Saaketa Consultants, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Progressive Share and Saaketa Consultants also allow you to trade in forex trading.
| Features | Progressive Share | Saaketa Consultants |
|---|---|---|
| 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 | No |
| Trading Institution | No | Yes | Trading Exposure | Upto 6x | Upto 6x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Progressive Share and Saaketa Consultants 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. Progressive Share and Saaketa Consultants 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 | Progressive Share | Saaketa Consultants |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| 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 |
Progressive Share and Saaketa Consultants 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. Progressive Share and Saaketa Consultants 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 | Progressive Share | Saaketa Consultants |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Progressive Share and Saaketa Consultants Mobile Trading Platforms
Progressive Share and Saaketa Consultants offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Progressive Share | Saaketa Consultants |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Progressive Share and Saaketa Consultants 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. Progressive Share and Saaketa Consultants 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 | Progressive Share | Saaketa Consultants |
|---|---|---|
| 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 | No |
| Support Branches | 20 | 380 |
Progressive Share and Saaketa Consultants 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 Progressive Share and Saaketa Consultants registered and resolved complaints.
For Progressive Share, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Saaketa Consultants, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Progressive Share is better than Saaketa Consultants in case of resolving customer complaints.
| BSE Complaints | Progressive Share | Saaketa Consultants |
|---|---|---|
| BSE Complaints | 0 | 0 |
| BSE Resolved Complaints | 0 | 0 |
| Percentage of resolved BSE complaints | NaN % | NaN % |
| NSE Complaints | 1 | 1 |
| NSE Resolved Complaints | 1 | 1 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | NaN % |
Frequently Asked Questions
Is Progressive Share better than Saaketa Consultants?
Progressive Share and Saaketa Consultants 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 Saaketa Consultants better than Progressive Share?
Saaketa Consultants and Progressive Share 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 Progressive Share and Saaketa Consultants?
Progressive Share 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, Progressive Share and Saaketa Consultants?
To figure out which of the two stockbrokers, Progressive Share and Saaketa Consultants, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Progressive Share with other stock brokers
Visit the following pages to see a detailed comparision report of Progressive Share with other brokerage firms.
Compare Saaketa Consultants with other stock brokers
Visit the following pages to see a detailed comparision report of Saaketa Consultants with other brokerage firms.