ProStocks Brokerage and Demat Account Review 2019

Rated 4/5 by Top Share Brokers Team
ProStocks Review

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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.

Our independent review of ProStocks

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.

Why to choose ProStocks as your stock broker?

  • Lowest Exchange Transaction Charges by charging Rs 0 PCM fee.
  • Lowest Stamp Duty charges maximum Rs 50 per day except for Maharashtra.
  • Flat Fee, Monthly and yearly plans to choose from.
  • Desktop base, Mobile app base and web base trading platforms.
  • Referral Program to earn money by referring friends.
  • Fully online account opening process.
  • Strong customer support.
  • Cheapest call & trade by charging only Rs 10 per order.
  • NRI Trading - Discount broker providing NRI services.

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LikesWhat we like about ProStocks

  • Lowest call and trade charges.
  • Simple and low cost brokerage.
  • Industry's best tools and platforms.
  • Fully online account opening process.
  • IVRS facilities for backoffice and balance confirmation.
  • Strong back office support.
  • Best customer support.
  • Rs 0 PCM fee

DislikesWhat we dislike about ProStocks

  • Not a 3 in 1 broker.
  • Doesn't provide trading in commodity, IPOs and Mutual Fund.

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What are the Investments Options available with ProStocks?

ProStocks - Equity Cash and F&O
Yes
ProStocks - Currency F&O
Yes
ProStocks - Commodity Trading
No
ProStocks - Mutual Funds
No
ProStocks - ETF
Yes
ProStocks - Online IPO
No
ProStocks - Bonds Investment
No
ProStocks - Debt Investment
No
ProStocks - Banking Service
No
ProStocks - Insurance Service
No
ProStocks - MF SIP Investment
No

How is ProStocks with closest competitors?

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

Broker ProStocks Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Rs 15 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans Yes No No No No
Rating

Please refer unique and accurate ProStocks Brokerage Calculator

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ProStocks Brokerage Plans Review - 2019

Brokerage and Commission Rated 4.5/5

    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.

    ProStocks Rs 15 Flat Fee Plan

    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.

    ProStocks Unlimited Monthly Plan

    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.

    ProStocks Yearly Plan

    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.

    ProStocks Account Opening and Demat Charges

    • Trading Account Opening Charges (One Time): Rs 300 Promo Discount Rs 0 now
    • Demat account Opening Charges (One Time): Rs 0
    • Trading Annual maintenance charges (AMC): Rs 0
    • Demat Account Annual Maintenance Charges (AMC): Rs 0 (Rs 1000 refundable deposit)

    ProStocks Exposures for MIS

    1. Equity/Cash Intraday - upto 5 times on all F&O stocks.
    2. Equity Futures - One and Half times of available cash margin.
    3. Currency Future - One and Half times of available cash margin.

    For Cover Order Margins:

    1. Equity / Cash - upto 7 times on all F&O stocks.
    2. Equity Futures - 3 times of available cash margin.
    3. Currency Future - 3 times of available cash margin.

ProStocks Brokerage Charges - Flat Fee Rs 15 Trading Plan

Brokerage Plan Flat Fee Rs 15 Trading 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.

What are the various Product and Services offered by ProStocks?

Product & Services Rated 4/5
ProStocks - 3 in 1 Account
No
ProStocks - Multiple Plans
Yes
ProStocks - Monthly Plan
Yes
ProStocks - Yearly Plan
Yes
ProStocks - Portfolio
No
ProStocks - Charting
Yes
ProStocks - Automated Trading
No
ProStocks - AMO Order
No
ProStocks - Allow GTC Order
No
ProStocks - SMS Alerts
Yes
ProStocks - Margin Trade Funding
Yes
Combined Ledger for Equity and Commodity
No
ProStocks - NRI Trading
Yes

How to Open Trading and Demat Account with ProStocks?

For online trading with ProStocks, investor has to open an account. Following are the ways to open an account with ProStocks:

  • ProStocks claims 100% online account online process, is among the very few brokers who are providing eKYC process.To Open a online account you need Digital copy of
    1. PAN Card
    2. Aadhar Card
    3. Address Proof
    4. Latest Photo
  • Website: http://www.prostocks.com
  • Contact Phone Number: +91 22 62 43 43 43
  • Contact email: [email protected]
  • Corporate Office: Prostocks,
    Sunlight Broking LLP,
    B-50, Pravasi Industrial Estate,
    Goregaon (East),
    Mumbai - 400063

Click here to open an account with ProStocks online.

Contact ProStocks

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 Phone 
Email   City 
State   

What are the Customer Support options availabel with ProStocks?

Customer Support Rated 4/5
ProStocks - Phone Support
Yes
ProStocks - Toll Free Number
No
ProStocks - Email Support
Yes
ProStocks - Branch Offices
No
ProStocks - Live Chat
No
ProStocks - 24/7 Support
No

What are the trading platform offered by ProStocks?

Trading Platforms Rated 3.5/5

    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.

    ProStocks Web

    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.

    ProStocks Desktop

    This is a fully functional trading terminal allowing fast execution of orders with real time monitoring.

    ProStocks Mobile

    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.

What are the Trading Platforms & Tools Options available with ProStocks?

ProStocks - Desktop Platform (Windows)
Yes
ProStocks - Desktop Platform (Mac)
No
ProStocks - Web Platform
Yes
ProStocks - Stock Alerts via Email
Yes
ProStocks - Stock Alerts via SMS
Yes
ProStocks - Virtual Trading
No
ProStocks - Watch-lists, streaming real-time quotes
Yes
ProStocks - Mobile App
Yes
ProStocks - Android Tablet App
Yes
ProStocks - Android App
Yes
ProStocks - iPhone App
Yes
ProStocks - iPad App
Yes
ProStocks - Mobile Trading Site
Yes

ProStocks Membership Information

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 NSE Member ID: 6635
  • ProStocks BSE Member ID: 90084
  • SEBI Trading Member Regn. No.: INZ000048660
  • SEBI DP Registration Number (CSDL): IN-DP-280-2016

Final thought about ProStocks

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.

Compare ProStocks

Find out how ProStocks stacks up against other brokers

ProStocks User Reviews

avatar
29. Vamsi Krishna Reddy  Jun 4, 2019 4:15:15 PM IST Reply
Very Good for option traders who trade huge lots of options.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
avatar
28. lakshmi  Apr 29, 2019 12:06:25 AM IST Reply
Does prostocks offer basket order facility? Actually I will be trading heavily and even 20 rupees or 9 rupees will be very high for me. A fixed monthly charge of 1000 or less will suit me. But I need to place multi legged market orders. Hence I want basket order facility. Please do not call me as the number given is incorrect. Please email and I will open an account through you.
avatar
27. Mukesh Dabholkar  Jan 25, 2019 7:16:09 PM IST Reply
I want to start trading. I want to start trading with Equity.
1- How much fees is need to open an account?
2- how much minimum amount required to deposit in account to start trading.
avatar
26. atul  Jan 22, 2019 10:09:07 AM IST Reply
Can you providing customer support and trading tips?
avatar
25. bharathi ml  Dec 14, 2018 7:59:24 AM IST Reply
are u provide commodities trading
avatar
24. sampath  May 26, 2018 5:55:18 PM IST Reply
very very very worst pesponseee.............dont open this broker...BEWARE............
avatar
23. Fairous  Jan 20, 2018 3:33:05 AM IST Reply
Hello, Prostocks provides algo trading platform like zeroda and others for intraday trading?
avatar
22. LAKSHMANAN  Dec 25, 2017 3:55:30 PM IST Reply
excellent discount broker with good customer service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
21. Ashok Topgi  Oct 16, 2017 1:44:47 PM IST Reply
Does your representative visit to client place and up your trading platform as per our requirement. And do you have online chat system as to clarify any queries during trading.
Lastly on the trading platform can we open on same screen with multiple windows seeing chats and depth quote.
If yes I am interested to transfer my account
avatar
20. Ajit  Oct 5, 2017 11:48:31 AM IST Reply
Is it true that the money earned through Futures trading can not be repatriated overseas ?

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