ProStocks Review 2023

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ProStocks Brokerage Plan, Fees and Charges

ProStocks has a fixed Rs. 15 flat brokerage pricing plan that charges zero brokerage on investment in stocks and brokerage charges of Rs. 15 per executed order on equity intraday, equity derivatives, and currency trading.

ProStocks Brokerage Plan with closest competitors

Here we are comparing ProStocks with its 5 close competitors, who are currently market leader in brokerage industry.

Broker	ProStocks	5paisa	Zerodha	Upstox	Paytm Money
Service Type	Discount Broker	Discount Broker	Discount Broker	Discount Broker	Discount Broker
Brokerage Range	Rs 15	Rs 20	Rs 20	Rs 20	Rs 15
Account Type	2 in 1	2 in 1	3 in 1	3 in 1	2 in 1
Equity Delivery	Free	Flat Fee Rs 20	Free	2.5% or Rs 20 whichever is lower	2.5% or Rs 15 whichever is lower
Equity Intraday	Flat Fee Rs 15	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.05% or Rs 15 whichever is lower
Equity Futures	Flat Fee Rs 15	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.02% or Rs 15 whichever is lower
Equity Options	Flat Fee Rs 15	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 15 per order
Commodity	NA	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Currency Futures	Flat Fee Rs 15	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	NA
Currency Options	Flat Fee Rs 15	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Rating

Type of Account offered by ProStocks

ProStocks offers a 2-in-1 (Demat + Trading) account opening facility to residents and NRI customers. The 2-in-1 account by ProStocks provides a seamless trading experience to clients.

ProStocks Demat & Trading Account

ProStocks discount broking firm is a depository participant with CDSL to offer ProStocks Demat Account opening facility. The broker facilitates a Free Demat Account at zero account opening charges. ProStocks 2-in-1 account is an integrated account of ProStocks Demat + Trading Account to facilitate online trading in equity, futures & options, and currency segments.

ProStocks NRI Trading Account

NRI clients can open ProStocks NRI Demat & Trading Account and link it with NRE or NRO bank account to trade in equity futures & options segment. ProStocks offers the lowest brokerage NRI trading services at Rs. 100 per executed order brokerage charges.

How to open ProStocks Account online?

Open ProStocks Trading & Demat Account in just 15 minutes in a 100% digital or paperless manner using your aadhaar number.

Steps to open ProStocks Trading & Demat Account Online;

1. Head to the ProStocks website.
2. Click on the Open Account! option on the top.
3. Now, proceed with “Fill Online Application”.
4. Complete registration: Enter name, PAN number, email, residential status, and mobile number.
5. Click on the “Generate OTP” option and enter the 4-digit OTP sent to your mobile number.
6. Verify PAN details by entering PAN number and DOB as per PAN.
7. Enter identity details; nationality, gender, marital status, parents’ name, and address.
8. Add Bank account details; Bank name, account number, IFSC code, and select trading preferences.
9. Enter additional details, and click on the “Select and Pay”
10. Submit documents: Photo, Aadhaar card, address proof, PAN card, and a canceled cheque leaf.

Note: After the successful document verification, you will receive ProStocks login credentials on your mail to access Prostocks trading platforms.

ProStocks Mobile App and Trading Platforms

The leading discount brokerage firm has free-of-cost ProStocks Star trading platforms across mobile app, desktop trading software, and web-based platforms to provide a high-end trading experience to clients. Its trading platforms offer the best experience to both frequent traders as well as beginners.

ProStocks Star Mobile App

ProStocks has a sleek design and user-friendly mobile trading app to allow a trade-on-the-go facility. Prostocks Mobile app allows equity trading, derivatives trading, and currency trading facility. Live market watch, online fund transfer, real-time price update, and portfolio tracking & monitoring are the top features available on the ProStocks app. The lightweight fully functional trading app is available to download on Android and iOS Smartphone devices from the Play Store and the iTunes Store. ProStocks app is a safe & secure app with 2-factor authentication and Biometric login.

ProStocks Website

ProStocks Star Web is an HTML 5-enabled browser-based trading website that allows clients to trade securely via any compatible browser. The web platform offers many advanced features like multiple market watchlists, real-time market quotes, quick and fast order execution, and a safe platform with multi-level security check protocols. ProStocks Web can work on low internet bandwidth and offers you a great trading convenience.

ProStocks Desktop Trading Terminal

ProStocks Desktop trading software is an innovative downloadable trading terminal to give you a trading edge. It is the best platform for frequent traders with advanced charting, 7 days intraday chart, multiple market watches, in-built option strategy builder, secured online fund transfer, and advance orders like bracket order, cover order, basket order, GTT order, and aftermarket order (AMO) facility.

ProStocks Star API

The online discount brokerage firm provides ProStocks Star API, a set of Rest HTTP APIs to build your customized trading platforms to facilitate trade at your convenience. The Prostocks API provides programmatic access to various data such as placing orders, managing order books, accessing holdings and positions, access to live market data, and much more. The Prostocks Star Trading API and ProStocks Star Historical API are available at a one-time subscription fee of Rs. 1,000.

For detail review of mobile app and download please visit ProStocks Trading Platform Review.

ProStocks Trading Pros

• Lifetime Zero AMC Demat Account and free delivery trading.
• Cheapest online trading services at 15 per order brokerage plan.
• Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
• Trade on Free trading platforms; mobile app, website, and desktop trading software.
• Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
• FoxTrader, is an ultra-modern windows-based automated trading platform.
• Cheapest intraday call & trade service at just Rs. 10 per trade.
• Get referral benefits with Prostocks Referral plan.
• Secure & hassle-free fund transfer via 30+ supported banks.
• Free instant fund transfer via UPI.
• Advanced orders like Cover order, Bracket order, basket order, and after-market order.
• Place Good Till Triggered (GTT) order.
• Use online tools like brokerage calculator and margin calculator.
• No PCM fee.
• No proprietary trading.

ProStocks Trading Cons

• It does not offer a 3-in-1 account opening facility.
• ProStocks does not provide commodity trading services.
• It does not offer mutual funds investment facility.
• ProStocks IPO Apply facility is only available on the ProStocks website.
• It does not provide intraday trading tips, research, and advisory facility.

ProStocks Customer Care info

Likewise, other brokers, ProStocks delivers instant 24x7 customer services across its helpline number and customer care email. It also follows Advanced IVR System to allow clients to call the IVR desk from your registered mobile number and get the required reports (Balance Info, Bill Summary, Stock Holding, Trade details, etc.) directly on your mobile phone or email.

• ProStocks Customer Care Phone Number: +91-2262-434343
• ProStocks Customer Support Email: [email protected]
• ProStocks Knowledge Center: https://www.prostocks.com/faq.html

Final thought about ProStocks

ProStocks is undoubtedly the best discount broker in India with dedicated brokerage plans and user-friendly & feature-rich online trading platforms to meet traders’ and investors’ expectations. Its zero brokerage unlimited trading plan is excellent for frequent traders to save significant brokerage charges. However, unlike top brokers such as Zerodha and Upstox, it does not offer commodity trading and a free direct mutual fund investment facility.

FAQs

ProStocks User Reviews