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Progressive Share Brokerage and Other Charges Review

 
 
 

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Progressive Share Brokerage and Other Charges Review

Progressive Share Brokers is one of India's oldest stock trading companies. Anil N. Gaggar and Mahesh N. Gaggar started Progressive Share Brokers in 1996. Progressive has stock trading memberships with major financial stock exchanges such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Commodity and Derivatives Exchange (NCDEX), and Multi Commodity Exchange (MCX). Furthermore, Progressive Share Brokers is a depository member of Central Depository Services Limited (CDSL). Progressive Share Brokers provides a wide range of financial goods and services, including equity, commodities, currencies, derivatives, mutual funds, IPOs, depository, loans against shares, mobile trading, and so on. Progressive Share Brokers offers an online platform and a mobile app for trading and investing in various stock market divisions. Progressive Share Brokers is offering financial services and products to more than 10,000 customers across the country. Progressive does not charge any charges for opening demat and trading accounts, but they charge a small fee as AMC charges.


Progressive Share Brokerage Details

Progressive Share Brokers offers low-cost and competitive brokerage fees for buying and selling stock market securities. Progressive Share Brokers cannot charge brokerage charges more than the maximum brokerage limit allowed by the financial regulatory bodies. Progressive Share Brokerage charges can vary for any individual customer as per their trading and investment needs. Progressive Share Brokerage charges are as follows:

SegmentBrokerage Rates
Equity Delivery0.35% per order
Equity Intraday0.04% per order
Currency Futures0.04% per order
Currency OptionsRs. 15 per lot
Commodity Futures0.04% per order
Commodity OptionsRs. 35 per lot
Equity Futures0.04% per order
Equity OptionsRs. 35 per lot


Progressive Share Brokers Account Opening Charges

Progressive Share Brokers account opening charges are as follows:

Account TypeCharges
Demat Account Opening Charges₹0
Demat Account AMC ChargesRs. 250 per Year
Trading Account Opening Charges₹0
Trading Account AMC ChargesNA


Progressive Share Brokers Demat, Remat, and Other Charges Details

ParticularsCharges
Demat Charges₹10 per request
Remat Charges₹15 per request
Transaction (Debit)min. Rs. 15/- per instruction
Pledge CreationRs. 25/ Request or 0.03%
Pledge Creation ConfirmationNil
Pledge ClosureRs. 25/ Request or 0.03%
Pledge Closure ConfirmationNil
Pledge InvocationNil
Failed instruction chargesNil


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Frequently Asked Questions


Yes, you can trade in commodities with Progressive Share Brokers.
Yes, you can get real-time market updates with Progressive Share Brokers.
Progressive Share Brokers offers many financial services and products, such as equity, commodity, currency, derivatives, mutual funds, IPOs, loans against shares, mobile trading, internet trading, etc.
Yes, Progressive Share Brokers provides research and analysis tools to investors.
Yes, Progressive charges Rs. 250 per year for AMC.
No, you cannot invest in the international market through Progressive Share Brokers.
No, Progressive Share Brokers does not offer algorithmic trading services.
You can open demat and trading accounts with Progressive Share Brokers by submitting the required documents, such as an Aadhar Card, PAN card, bank account details, etc., for KYC completion.
Yes, the Progressive Share Brokers trading platform can be accessed on multiple devices, such as desktops, laptops, smartphones, etc.
Progressive has a presence in 3 cities across the country.
Yes, Progressive Share Brokers offers IPO investment services.
Progressive Share Brokers brokerage charges for derivatives segments Re. 35 per lot, intraday 0.04%, and delivery 0.35%.
Yes, you can trade in equity, commodity, currency, and derivatives segments with Progressive Share Brokers.