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ProStocks Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 3-Jun-2022
ProStocks Review
ProStocks Offers Free delivery trade and flat Rs 15 per order for Intraday and F&O.
Unlimited monthly plan for Algo Traders.

ProStocks Review 2022 - Quick Summary

Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an excellent broker for frequent traders. Also, the free ProStocks Demat account, Rs. 15 flat-rate pricing model, and easy & user-friendly app and web-based platform make ProStocks an ideal choice for beginners.


Rated 4 stars

ProStocks Top Highlight for 2022

  • Zero Brokerage delivery trading.
  • Flat pricing model at Rs. 15 per order brokerage fee.
  • Trade at Rs. 0 brokerage with Rs. 899 Unlimited equity and equity derivative monthly trading plan.
  • Unlimited Currency Trading Plan at Rs. 499 monthly charges.
  • Free account opening and Lifetime AMC free Demat Account.
  • Open Free Prostocks Account instantly with Aadhaar number.
  • Lowest NRI Trading Brokerage fee at Rs. 100 per executed order.
  • Powerful online trading platform including free Prostocks mobile app, website, and installable trading terminal.
  • ProStocks Star API for algo trading is available to residents and NRI clients.

About ProStocks

Despite being relatively a new market entrant since 2016, ProStocks, Sunlight Broking LLP venture has positioned itself as one of the fastest-growing and cheapest online discount brokers. It has the best brokerage plans for beginners as well as traders. Its fixed pricing model is ideal for beginners that charge Rs. 0 brokerage on delivery trading and Rs. 15 flat brokerage fee on equity intraday, equity derivatives, and currency segment on BSE and NSE.

Do you trade frequently? If yes, then ProStocks has an Unlimited Monthly Trading plan for you that allows placing an unlimited number of trades at Rs. 0 brokerage. It has two unlimited trading plans; ProStocks Rs. 899 Equity and Derivative Trading Plan and Rs. 499 Currency Derivative Trading Plan. Active traders must subscribe to the monthly plans and save upto 90% on brokerage.

It is a CDSL depository participant to offer free ProStocks Demat & Trading account online at zero charges. NRI clients can also open ProStocks NRI 2-in-1 Account [Demat + Trading] using NRE or NRO Bank Account and trade in the equity derivative segment at Rs. 100 per order flat brokerage.

Likewise, the brokerage model, ProStocks has also designed powerful trading platforms for frequent traders and beginners. ProStocks Star trading platform is available across a browser-compatible website, mobile trading app, and installable desktop trading software. Prostocks App is a lightweight user-friendly mobile platform to facilitate trade-on-the-go service and has advanced feature-rich desktop trading software.

The online discount brokerage firm offers excellent customer service over email and a customer care helpline number. Let’s check the detailed ProStocks Review 2022 including brokerage charges, online Demat account opening process, margins, online trading platforms, customer care details, and pros & cons.

ProStocks Promotion Offer

Current promotion offere from Prostocks for TopShareBrokers Visitors:

  • Lifetime Zero Demat AMC Account
  • Free delivery Trading
  • Rs. 15 flat brokerage charges.
  • Unlimited Trading at Rs. 0 brokerage with monthly plans.
  • Open Instant ProStocks Account Now!

Request call back from ProStocks

ProStocks Brokerage Plan, Fees and Charges

Rated 4.5 stars Brokerage and Commission Rated 4.5/5

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 Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 0 (Rs 1000 Refundable Deposit)

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
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Delivery Rs 25, Intraday and F&O Rs 10 per executed order
  • RMS Auto Square Off Charges: Delivery Rs 25, Intraday and F&O Rs 10 per executed order
  • Hidden Charges: No
  • Net banking payment gateway charges: Rs. 9 each fund transfer.

For complete brokerage charges and trading plans detail please visit ProStocks Brokerage Charges.

Please refer unique and accurate ProStocks Brokerage Calculator


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.

Unlimited trading [email protected] PM best for algo traders.
Rs 999 for API Access

Alternatives to ProStocks

 Demat Account
 Demat Account
 Demat Account
 Demat Account

ProStocks Mobile App and Trading Platforms

Rated 3.5 stars Trading Platforms Rated 3.5/5

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.


Final thought about ProStocks

Rated 4 stars Rated 4/5 by 20 users

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.

Request call back from ProStocks

Last updated on: 2022-06-03

FAQs

Yes, open account with ProStocks - Rs 999 Unlimited plan and Rs 999 API.

Open FREE Account Now!

 


ProStocks User Reviews

avatar
34. Sumit Das May 25 2022 12:27:38 PM Reply
i will rate later about maintenance and and customer service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
avatar
33. Gopal R Aug 27 2021 12:11:14 PM Reply
Friends don''t waste your time and hard earned money through this worst platform even customer care services are handled by unskilled workers.
avatar
32. Arunkumar Nov 21 2020 06:46:24 AM Reply
It will be real SERVICE to the customer incase features like SMALLCASE AND DEBENTURES AND BOND TRADING ADDED

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
31. Akash Oct 12 2020 09:21:14 PM Reply
Bad

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
30. Satheesh Aug 28 2019 01:03:06 PM Reply
I strongly recommend for prostocks for their services, very low broking cost, good customer support, good trading platform,user friendly backoffice, stampduty is max 50Rs only , even we belong to the state charging 0.006%, no stockbrokers in India give this verylow cost with good services, because I experienced many stockbrokers, Traders and investors save lot money comparing other brokers
avatar
29. Vamsi Krishna Reddy Jun 04 2019 05:15:15 PM 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 01:06:25 AM 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 08:16:09 PM 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 11:09:07 AM Reply
Can you providing customer support and trading tips?
avatar
25. bharathi ml Dec 14 2018 08:59:24 AM Reply
are u provide commodities trading