Last Updated - 2018-12-04
Rated 4/5 based on 37 customer reviews
ProStocks is a pure online stock broking firm initiated by well experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on quality of trade.
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Incorporated in 2016,ProStocks is an online broking firm by Sunlight Broking LLP introducing convenient trading at a very inexpensive rates to its clients. ProStocks provide trading in Equity cash, Intraday, Equity Future and Options and currency derivatives across NSE and BSE. The Broker is a DP with CDSL. Seamless 2 in 1 Account i.e. Trading and Demat Account with ProStocks comes handy for fast and convenient transactions of shares.
The USP of ProStocks lies in its lowest charges in the Industry. With them, you can see a distinctive drop in the brokerage charges. The broker manages to offer trade at lowest transaction charges by not charging PCM fee which all other full service and discount brokers charges as usual. The broker also put call and trade to minimum so that clients make most out of their money even on the go.
Their stamp duty charges are also lowest in the Industry.It is possible by applying stamp duty rates of Daman and Diu which is Rs 50 per day except for Maharashtra clients who has to pay stamp duty of their state.The Broker is centrally located in Mumbai and Daman with all their operations fully online.
They offer three easy brokerage plans to choose from. They have Rs 15 per trade flat fee plan , Rs 899 monthly plan for equity cash and derivatives, Rs 499 monthly plan for currency derivative, Rs 8999 yearly plan for equity cash and derivative segment, Rs 4999 yearly plan for currency derivative segment.
Opening Account with ProStocks is a quick and hassle free fully online process with no printing, signing or sending the form through courier.
The broker offers referral program where you can refer friends, fellow traders, family and colleagues to earn 10% of brokerage charged from your referral.
As far as customer service is concerned, clients do not need to worry. ProStocks strives to provide the best possible customer service to its clients through email and phone during market hours to resolve any technical or account related queries. Call and trade facility is available @ Rs 10 per call for placing orders.
Here we are comparing ProStocks with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | ProStocks | Zerodha | ICICIDirect | Sharekhan | SAS Online |
| Service Type | Discount Broker | Discount Broker | Full Service Broker | Full Service Broker | Discount Broker |
| Brokerage | Rs 15 | Rs 20 | 0.05 to .55% | 0.1 to 0.5% | Rs 9 or 999 PM |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | Yes | No | No | No | Yes |
| Rating |
Whether trading equity delivery or futures and options, ProStocks is quite competitive with its closest discount brokers. They have plans and brokerage structure to suit every investor type.
The most popular plan is Rs 15 per executed order to tade in Equity delivery, Intraday, Future and options and currency derivative. It is well suited for less frequency trader as it allows you to pay as you go.
Their monthly plan of Rs 899 for trading in equity delivery and derivatives on NSE or BSE looks very inexpensive to trade unlimited in given segments irrespective of volume and number of trades per month. It will best suit active traders. It is one of the cheapest monthly plans in the Industry.
They have monthly currency plan for Rs 499 per month on NSE or BSE.
There is a yearly plan of Rs 8999 for Unlimited equity cash and Equity F&O trading in an exchange and Unlimited currency trading in an exchange for a year at Rs 4999. The price is locked for a year and you don't have to pay any brokerage on top of it but other charges will be applied as usual.
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| Brokerage Plan | Flat Fee Rs 15 Plan |
| Flat Fee | NA |
| Equity Delivery | Flat Fee Rs 15 |
| Equity Intraday | Flat Fee Rs 15 |
| Equity Futures | Flat Fee Rs 15 |
| Equity Options | Flat Fee Rs 15 |
| Currency Futures | Flat Fee Rs 15 |
| Currency Options | Flat Fee Rs 15 |
| Commodity | NA |
For complete brokerage charges and trading plans detail please visit ProStocks Brokerage Charges.
For online trading with ProStocks, investor has to open an account. Following are the ways to open an account with ProStocks:
Click here to open an account with ProStocks online.
ProStocks offers most popular web based, desktop based and mobile app based trading platform to its clients. The broker provide these platforms through NSE NOW. It is available for website version, trading terminal version and as a mobile app for iPhone, Android, iPad, tablet devices, Blackberry and Java enabled phones.
The rich html5 browser based trading enables you to trade securely from using internet without installing any application on your desktop. It is a very convenient mode of trading with real time access to news, quotes and trading. It offers all features of desktop terminal within the browser window.
This is a fully functional trading terminal allowing fast execution of orders with real time monitoring.
This light weight fully functional trading app is secure, easy to use and compatible to major mobile operating systems like android, iphone etc.
For detail review of mobile app and download please visit ProStocks Trading Platform Review.
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ProStocks is a registered stock broker and a depository participant. ProStocks is member of BSE and NSE. ProStocks SEBI registered a Trading Member and Demat Account service provider.
ProStocks is an execution-driven, low-cost, and internet-based firm setting example by charging the lowest possible charge and providing the best trading and investment services at the same time.Any investor, new or seasoned, will find ProStocks a great fit for their needs.
If you like what you have read and want to open an trading and demat account with ProStocks, leave your contact information with us and we will guide you.
1- How much fees is need to open an account?
2- how much minimum amount required to deposit in account to start trading.