Incorporated in 2016, ProStocks is an online broking firm by Sunlight Broking LLP introducing convenient trading at very economical rates. ProStocks provide trading in Equity cash, Intraday, Equity Future and Options and Currency Derivatives across NSE and BSE. The Broker is 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. Prostocks offer NRI services @ 0 NRI trading and Demat Account fee. AMC for NRI trading account is Nil (Zero) and NRI Demat Account AMC is lifetime free (no AMC) with Rs 1000 refundable one time deposit.
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 a minimum so that clients make the 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 (Free delivery Trading), 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 a 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 Intraday and F&O, Rs 25 for delivery for placing orders. Online Discussion forum, FAQs and Knowledge section is also available on Prostocks website for quick resolution of technical and functional issues.
ProStocks is a full-fledged online stock broker initiated by well-experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on the quality of trade.
Free Life time Demat AMC & Trading AMC for limited time.Sign up now.
Here we are comparing ProStocks with its 5 close competitors on investment options.
| Broker | ProStocks | Sharekhan | 5paisa | Zerodha | SAMCO |
| Equity Trading Type | Yes | Yes | Yes | Yes | Yes |
| Currency Trading | Yes | Yes | Yes | Yes | Yes |
| Commodity Trading | No | Yes | Yes | Yes | Yes |
| Mutual Funds | No | Yes | Yes | Yes | Yes |
| MF SIP | No | Yes | Yes | Yes | No |
| ETF Investment | Yes | Yes | Yes | Yes | Yes |
| Banking | No | No | No | No | No |
| Insurance | No | Yes | Yes | No | No |
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 0 (Rs 1000 Refundable Deposit)
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 trade in Intraday, Future and Options, and Currency Derivative with Free Equity Delivery. It is well suited for less frequency trader as it allows to pay as you trade.
Their monthly plan of Rs 899 for trading in equity delivery and derivatives on NSE or BSE looks very economic to trade unlimited in given segments irrespective of volume and number of trades per month. It best suits active traders. It is one of the lowest monthly plans in the Industry.
The company also offers a monthly plan for Currency Trading @ Rs 499 PM on NSE or BSE.
There is a yearly plan of Rs 8999 for unlimited equity cash and Equity F&O trading on an exchange and unlimited currency trading on 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.
For complete brokerage charges and trading plans detail please visit ProStocks Brokerage Charges.
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 Range | Rs 15 | 0.1 to 0.5% | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | Free | 0.5% or 50 paisa | Flat Fee Rs 20 | Free | 0.2% or Rs 20 whichever is lower |
| Equity Intraday | Flat Fee Rs 15 | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Futures | Flat Fee Rs 15 | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Flat Fee Rs 15 | 2.5% of Premium or Rs 250 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | NA | 0.1% or 10 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | Flat Fee Rs 15 | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Currency Options | Flat Fee Rs 15 | 2.5% of Premium or Rs 30 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Rating |
Please refer unique and accurate ProStocks Brokerage Calculator
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 web-based, desktop-based and mobile app-based trading platform to its clients. The broker provides 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 HTML 5 browser-based trading enables you to trade securely using the 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 the features of a desktop terminal within the browser window.
This is a fully functional trading terminal allowing fast execution of orders with real-time monitoring. This is a downloadable version of software and exe can be downloaded on your machine. You need admin access to install Prostocks Desktop application.
This lightweight fully functional trading app is secure, easy to use and compatible with major mobile operating systems like android, iPhone, etc.
For detail review of mobile app and download please visit ProStocks Trading Platform Review.
Here we are comparing ProStocks with its 5 close competitors on Trading Platform.
| Broker | ProStocks | Sharekhan | 5paisa | Zerodha | SAMCO |
| Desktop Windows | Yes | Yes | Yes | Yes | Yes |
| Desktop Mac | No | No | No | No | No |
| Web Trading | Yes | Yes | Yes | Yes | Yes |
| Android Tablet App | Yes | Yes | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes | Yes | Yes |
| iPhone App (iOS Mobile App) | Yes | Yes | Yes | Yes | No |
| iPad App | Yes | Yes | Yes | Yes | No |
| Mobile Site | Yes | Yes | Yes | Yes | Yes |
ProStocks is an execution-driven, low-cost, and internet-based firm. The best point about ProStocks is its multiple plans. Monthly and yearly plan is good for traders who wish to do big trades in the market. Flat fee plan is appropriate for Investors. Traders can save a big amount in stamp duty and PCM fee with ProStocks. Company is putting efforts to improve the user experience and will overcome the considerations in the short term.
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.
Last updated on 2020-06-30
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent