Compare stock brokers
Progressive Share vs. Vertex 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 Progressive Share and Vertex Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Progressive Share and Vertex Securities.
Overview
Progressive Share is private company and Vertex Securities is public company. both are full service broker as well. Anil Gaggar co-founded Progressive Share in 1994. And Vertex Securities was founded in the year 1993 by Ramachandran Unnikrishnan. Progressive Share's headquarters are in Mumbai, Maharashtra and Vertex Securities's headquarters are in Ernakulum, Kerala.
Progressive Share and Vertex Securities both are full service broker as well. Progressive Share is registered in NA, while Vertex Securities is registered in NA. The total branches of Progressive Share are Nil and the Vertex Securities branches are Nil.
| Overview | Progressive Share | Vertex Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, Maharashtra | Ernakulum, Kerala |
| Founders | Anil Gaggar | Ramachandran Unnikrishnan |
| Foundation Year | 1994 | 1993 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Progressive Share and Vertex 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 Progressive Share charging Rs.250 and Vertex Securities charging Rs.500.
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 Vertex Securities Demat account is Free. The Trading AMC for Progressive Share and Vertex 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 Progressive Share and Vertex Securities is CDSL.
| Account Opening and Demat Charges | Progressive Share | Vertex Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Rs.500 |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Rs.100 per Annum |
| Margin Money | Minimum Rs.5,100 | Minimum 7,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Progressive Share and Vertex 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 Progressive Share is 0.35%, while Vertex Securities charges you 0.15%.
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 Vertex Securities 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 Vertex Securities 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 Vertex Securities charges Rs.15 per Lot.
| Equity Brokerage Charges | Progressive Share | Vertex Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | 0.15% |
| Equity Intraday Brokerage | 0.04% | 0.02% |
| Equity Futures Brokerage | 0.04% | 0.02% |
| Equity Options Brokerage | Rs.35 per Lot | Rs.15 per Lot |
Progressive Share and Vertex 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 Progressive Share is 0.04% and for Vertex Securities 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.10 per Lot.
| Currency Brokerage Charges | Progressive Share | Vertex Securities |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.02% |
| Currency Options Brokerage | Rs.15 per Lot | Rs.10 per Lot |
Progressive Share and Vertex 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. Progressive Share charges 0.04% for commodity trading, while Vertex Securities charges 0.02%.
| Commodity Brokerage Charges | Progressive Share | Vertex Securities |
|---|---|---|
| Commodity Options Brokerage | 0.04% | 0.02% |
Progressive Share and Vertex Securities 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 Vertex Securities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Progressive Share levies a transaction brokerage charge of 0.00299%, while Vertex Securities charges 0.00319%.
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 Vertex Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Progressive Share charges NA and Vertex Securities charges NA.
| Other Brokerage Charges | Progressive Share | Vertex Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00299% | 0.00319% | 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 | NA |
Progressive Share and Vertex 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 Progressive Share is up to Upto 3x and by Vertex Securities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Progressive Share is up to Upto 6x and by Vertex Securities it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Progressive Share is up to Upto 2x and by Vertex Securities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Progressive Share is up to Upto 5x and by Vertex Securities also, it is up to Upto 5x.
| Equity Leverage | Progressive Share | Vertex Securities |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 6x | Upto 6x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 5x | Upto 5x |
Progressive Share and Vertex Securities Currency Leverage
The currency futures leverage provided by Progressive Share is up to Upto 2x, while for Vertex Securities it is up to Upto 2x.
The currency options leverage provided by Progressive Share is up to Upto 3x, while for Vertex Securities it is up to Upto 3x.
| Currency Leverage | Progressive Share | Vertex Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Progressive Share and Vertex Securities Commodity Leverage
The commodity leverage provided by Progressive Share is up to Upto 2x, while for Vertex Securities it is up to Upto 3x.
| Commodity Leverage | Progressive Share | Vertex Securities |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Progressive Share and Vertex 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 | Progressive Share | Vertex Securities |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | No | Yes | 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 | Yes | Zero Brokerage on Loss Trades | No | No |
Progressive Share and Vertex Securities Features
Equity Trading: Progressive Share and Vertex 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: Progressive Share and Vertex Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Progressive Share and Vertex Securities 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 Vertex Securities 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 Vertex Securities, 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 Vertex Securities also allow you to trade in forex trading.
| Features | Progressive Share | Vertex 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 | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 6x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Progressive Share and Vertex 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. Progressive Share and Vertex 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 | Progressive Share | Vertex Securities |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | No |
| 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 Vertex 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. Progressive Share and Vertex 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 | Progressive Share | Vertex Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Progressive Share and Vertex Securities Mobile Trading Platforms
Progressive Share and Vertex Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Progressive Share | Vertex Securities |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Progressive Share and Vertex 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. Progressive Share and Vertex 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 | Progressive Share | Vertex 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 | No |
| Support Branches | 20 | 428 |
Progressive Share and Vertex 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 Progressive Share and Vertex Securities 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 Vertex Securities, 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 Vertex Securities in case of resolving customer complaints.
| BSE Complaints | Progressive Share | Vertex Securities |
|---|---|---|
| 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 Vertex Securities?
Progressive Share and Vertex 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 Vertex Securities better than Progressive Share?
Vertex Securities 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 Vertex Securities?
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 Vertex Securities?
To figure out which of the two stockbrokers, Progressive Share and Vertex Securities, 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 Vertex Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Vertex Securities with other brokerage firms.