Posted on 4th Nov 2016
by TopShareBrokers Team
Rated 4.5/5 based on 130 customer reviews
ProStocks is the emerging broker of India bringing up some unique twist in brokerage and charges for Indian share market investors. The Broker has some of the best brokerage plans and low cost services that will definitely surprise you and relieve you from paying high brokerage and other charges with your traditional Broker. Here we are focusing on Unlimited Monthly plan offered by ProStocks with its features. We will also compare Prostocks with other brokers offering unlimited monthly plans to get an idea how much you can save with ProStocks compared to others.
We highly recommend monthly plans because if you see your trading pattern for a month and if your average monthly brokerage payments are exceeding the unlimited trading plan charges, then it's worth to switch to monthly plans.
The plan offers unlimited monthly trading in Equity cash and Derivative in one exchange (choose NSE or BSE) at flat monthly fee of Rs 899 per month without paying any brokerage on turnover.
The plan offers unlimited monthly trading in Currency Derivatives (Futures and Options) in one exchange (choose NSE or BSE) at Rs 499 per month.
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Prostocks also offers yearly plan for unlimited trading in Equity Cash and Derivative segment in NSE or BSE at a very reasonable yearly fee of Rs 8999 only. No software charges, no minimum deposits, no commitment. It is suited to high frequency and bulk volume traders. Trade as much as you want whole year for one-time fee. No need to pay service tax on each transaction, service tax is payed only on your yearly fees.
The plan offers you to trade unlimited in currency derivative in an exchange at a yearly expense of Rs 4999 per month. It is even cheaper than choosing monthly plan for twelve months.
Comparison of Unlimited monthly plans of ProStocks with other Discount Brokers :
|ProStocks||TradeSmartOnline||SAS Online||Trade Plus||My Value Trade|
|Equity Segment||Rs 899 per month per exchange for Equity Cash and Derivative segment||Rs 3999 per month on NSE Cash, BSE Cash, NSE F&O||Rs 999 per month on NSE cash, BSE Cash, NSE F&O||Rs 99 per month only for Equity Option trading||Rs 1000 per month to trade in all segments|
|Currency Segment||Rs 499 per month per exchange (choose NSE or BSE)||Rs 1999 per month||Rs 499 per month||Rs 99 per month||NA|
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Flat 20% discount on online transaction