Progressive Share Review, Brokerage Charges, Demat Account & more

Progressive Share is into its 25 years in operation, making them one of the successful stock trading companies in India.

The fact that Progressive Share has 203 branches in operation and providing compelling stock trading services all around India for the last 25 years, recite its success story in the stockbroking industry.

That is the reason they have approximately 198 customer reviews which anchored the tone to a very positive note.

They offer a unique user experience in every trading platform which is one of the significant factors of their success.

Every deal they offer to their respective trading associates is meant to earn profits. Eventually, that’s what every trader wants.

Progressive Share Ratings & Review by Top10StockBroker

About Progressive Share

Progressive Share has cemented their identity as one of the profound stockbroker companies through intuitive suggestions in every service they provide.

The charismatic Anil Gaggar founded the company in 1994 at Mumbai, the Capital city of Maharashtra.

Since then the company has reached a new height where many of their rivals perished. Operating in 203 branches in India, they are indeed a brute force in the stock trading industry.

Open Demat Account with Progressive Share

Progressive Share Brokerage Charges

Progressive Share offer Brokerage fee for Equity Delivery Trading at 0.35% and 0.04% for Equity Intraday, Commodity Options, Equity Futures and Currency Futures Trading respectively.

They also offer Equity Options and Currency Options Trading at ₹35 and ₹15 per lot sequentially, which is an average brokerage fee in the industry.

Progressive Share offers the Margin Money threshold of minimum ₹5,100. The brokerage fees will be levied on the conclusive transaction price.

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Progressive Share Other Charges

Prior to the brokerage fee, Transaction fees will be levied at the rate of 0.00299% along with STT of 0.0126% on Total Turnovers.

The traders have to pay the SEBI Turnover Charges at the rate of 0.0002% on Total Turnovers. Stamp Duty fees fluctuate in every state, so no one can guess the exact amount.

Last but not least, the traders will have to pay GST at the rate of 18% which will be calculated on the transaction fee along with the brokerage fees. These charges are not absurd and will not make any difference in the profits earned by the traders.

Progressive Share Demat Account Opening Fees

For Demat account opening with Progressive Share, the traders have to pay ₹250. And ₹250 is also the AMC fee for Demat accounts.

The Trading account opening is free of cost with its AMC.

Progressive Share Offers

Progressive Share provides free Trading accounts. However, they charge ₹250 for the AMC of Demat accounts.

The broking house provides special discounts on Brokerage fee but don’t provide Trading Happy hours. They provide Flexible Brokerage plans which are often very helpful for the traders.

Progressive Share have not deployed any Holidays offers but they offer 1-month free brokerage fee to new traders. No Referral program so far.

Almost every company follow this trend that they will not provide any discount to traders for their loss in trades.

To know about offers of other stock brokers check below

How to Open a Demat Account with Progressive Share?

Here are the following procedures to open a Demat Account with Progressive Share:

• Click on the green “Open Demat Account” button below, a form will open.
• Fill up the form & submit the details.
• Progressive Share will contact you and ask for the KYC documents. Once the verification process is complete, they will send the payment link.
• Once the payment is done, they will generate a credential for your account.
• You will then access your account.

Why Open Progressive Share Trading Account?

The traders must open a Demat account to trade stocks. Here is a list of benefits of having a Demat account with Progressive Share:

• Progressive Share offers Trading accounts for free with its AMC.
• Compelling user experience.
• They offer a variety of stock trading services.

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Progressive Share Products & Services:

Here are the list of Products & Services provided by Progressive Share –

Products offered by Progressive Share

Progressive Share deals with stock trading activities. They deal with Equity, Commodity, Currency, Options, Futures, Mutual Funds and SIP-related activities.

They don’t deal with Forex and Banking activities. No activities with respect to Insurance services as well.

Progressive Share Service Offerings

Apart from Demat & Trading account related services, Progressive Share also offer Intraday, IPO and Stock Recommendation services. 3-in-1 Account and Robo Advisory services are other important services the broker provides.

Interestingly, Progressive Share is not a Trading institution, still, they manage to offers up to tottering 6x Trading Exposer. No PMS related services yet.

Progressive Share Research, Advisory and Stock Tips

The following is a list of stock trading services that Progressive Share delivers to their trading associates:

• Provide Research reports.
• Company provides free stock tips.
• They provide IPO reports.
• Stock broker suggests Top picks.
• The brokinng house provides Daily Market reviews.
• They provide Weekly and Monthly reports.
• Progressive share provide Offline Advisory.
• They provide dedicated Relationship Managers.

Progressive Share Exposure or Leverage

Progressive Share offers profitable exposers and leverage to their traders. They offer Equity Delivery and Currency Options up to 3x which is an average score in the stock market.

They also offer Currency Futures, Commodities and Equity Futures up to 2x which is below average. For Equity Options, they offer up to 5x which is mouth-watering.

But the best offer from Progressive Share is for the Equity Intraday – up to 6x.

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Progressive Share Trading Platforms

Progressive Share offers excellent trading platform services for clients’ convenience:

Progressive Share Trading Terminal

It proposes one of the best Desktop applications that support both Windows and Mac operating system. It has all the necessary features which are essential for trading stocks and commodities.

Comes with the Easy Installation option, it also has real-time updates and Online MF Buy options. Progressive Share carefully designed the application to provide an elite user experience.

Progressive Share Web Trading Platform

The web browser version is capable of obtaining real-time stock reports efficiently. It comes with Online MF Buy, Global Indices and Live Market which assists the traders for a profitable deal.

The web platform lacks features like Personalised Advisory and News Flash. But they compensate the factor by providing Portfolio Details and Interactive Charts to fetch information from the stock market.

The web platform is also fully responsive and can be accessed via mobile phone browsers as well.

Progressive Share Mobile Trading App

The Progressive Share’ Mobile app is compatible with both Android and iOS which makes the platform one of the trusted and secured in the industry.

Some intriguing features like SMS and email alerts make it more acceptable. Multi-Account Management option is not available so far in the app.

Progressive Share Customer Care

Progressive Share deals with Dedicated Dealers. They render assistance to traders who are both online and offline.

They have 20 branches across India that provide customer care service for the last 25 years.

The broker doesn’t provide 24×7 support or live chat service so far. However, their dynamic email support is well capable of any troubleshooting.

Progressive Share Complaints and Feedback

Find the list of complaint against Progressive Share:

Progressive Share has completed its silver jubilee in providing stock trading services now.

What they did remarkably well is they kept the complaint ratio to a minimum of just 1 which has been successfully resolved.

The percentage of the number of complaints received against the number of active clients is 0%. Just the perfect score!

Progressive Share Disadvantages:

Progressive Share like other stock trading companies took some missteps over the span of 25 years:

• They charge for Demat and Trading account along with its AMC. Many companies provide this service for free.
• Fewer service offers which prevent their overall growth.
• High brokerage fee compared to their rivals.

Progressive Share Conclusion

With 25 years in the stockbroking industry, Progressive Share has proved to be a worthy company for a longer period of time.

They have an incredible support team which is their asset and it turned them into a goliath in the stock trading industry. The credit also goes to their unlimited devotion towards their services.

They simply need to create some worthwhile offers to acquire more business prospects to maintain their position in the stockbroking industry.

Open Demat Account with Progressive Share

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