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The top 10 reasons to trade with ProStocks

Posted on Tuesday, August 16, 2016

Modified on Friday, January 6, 2017

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The top 10 reasons to trade with ProStocks

ProStocks a Mumbai India based Flat Fee Discount Stock Broker. ProStocks is among the most transparent, technologically advanced and cheapest online stock broker in India.

ProStocks offers trading in Equity, Equity Derivatives and Currency Derivatives at NSE and BSE. They offer free mobile, desktop and website based trading applications. They also offer call & trade for people who prefer to place orders on call though dealers.

ProStocks NRI Trading services offers online stock investment and trading for NRI, NRO and PIO customers.

Here are 10 reason you should choose ProStocks over any other traditional or discount brokers in India:

  1. Cheapest and Multiple Brokerage Plans

    ProStocks offers 5 different trading plans to choose from. The Rs 15/trade plan is the base plan suitable for casual investors. The Rs 899/month unlimited equity trading plan is the perfect plan for high frequency traders.

    The competitors like Zerodha and RKSV doesn't offer fixed monthly plans.

  2. Excellent Customer Service

    Just because they charge less brokerage doesn't mean you get inferior service. The ProStocks customer service is way better than most tradition and discount brokers.

  3. No PCM Fee Charged

    Unlike most stock brokers in India, ProStocks do no change clearing charges from customers. PCM fee is usually charged along with the exchange transaction charges.

  4. Lowest Stamp Duty

    Except customer from Maharashtra, all other customers pay stamp duty at 0.01% (Max Rs 50 per day). All ProStocks contracts are executed at its registered office at Union Territory of Daman and Diu.

    This it-self is a big saving for most of the traders as with other brokers you pay. For example if you are Tamilnadu customer and a trade for 1, at the rate of 0.006% stamp duty, you will end up paying Rs 600 with other brokers while you pay just Rs 50 with ProStocks.

  5. No Demat AMC

    ProStocks offer zero annual maintenance charge demat account when you pay onetime refundable deposit of Rs 1000 at the time of account opening. Most other brokers charge Rs 300 to Rs 1000 AMC.

  6. Low Call & Trade Charges

    ProStocks charge call & trade fee of Rs 10 per executed order. This is among lowest in discount brokerage industry.

  7. Free Software

    All trading software including installable trading terminal, website and mobile trading app is available for free to all the customers. The ProStocks trading platform is the latest and best trading platform in India.

    Technical charts and live streaming quotes are available free of charge to all customers.

  8. No Prop Trading

    Unlike most of the discount brokers in India, ProStocks is not involve in proprietary trading.

    The proprietary trading is the trading done by the company or broker for themselves to make a profit for itself. This significantly increase the risk for the money you put with the broker for trading.

    While the broker talks about using their own money to do the prop trading, it's actually not 100% true. While they manager end-of-day margin requirement from exchange, in the day time they still use the money deposited by customer to play with.

  9. Referral Program

    Refer a friend to ProStocks and get 10% of brokerage paid by your friend. The money get automatically credited in your account. If you refer 10 of your friend who trades in the same capacity as you, you get enough money to pay your brokerage bill.

    You can refer as many as friends or family members you want.

  10. Hassle-free Online Account Opening

    Account opening with ProStocks is really easy as its 100% online if you have Aadhar Card. Their account opening process is well integrated with eKYC, Aadhar card database and digital signature services.

    For most customers, the account opening process is 100% paperless. After your PAN Number, Aadhar number and mobile number is validated, you can upload required documents online and account will be opened in just few minutes. You do not have to print or sign documents.

Tags

Flat monthly fee stock trading, Monthly trading Plans, Zerodha monthly plan, RKSV fixed monthly plan, UpStox Pro, RKSV Freedom Plan, UpStox, Fixed rate trading, fixed price trade, fixed price stock options, per trade brokerage, fixed monthly brokerage plan

More Information about ProStocks

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User Comment

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5. Charu  May 3, 2017 10:27:45 AM IST Reply
Best Information Shared By you....
top 10 online brokers
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4. Kalpesh ramoliya  Mar 22, 2017 12:27:07 AM IST Reply
What to enter in witness field? Family members possible?
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3. mohanreddy  Feb 24, 2017 12:46:52 PM IST Reply
Hi, I want to open an account, i have a query that how much margin do i get for trading on daily basis(For intraday) for my amount. If provide, how many time do you provide.
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2. Sekhar  Sep 19, 2016 11:35:18 AM IST Reply
For most customers, the account opening process is 100% paperless. After your PAN Number, Aadhar number and mobile number is validated, you can upload required documents online and account will be opened in just few minutes. You do not have to print or sign documents.

>>>>> The above statement is wrong and misleading. You still have to take print of the generated application after uploading the documents, paste your photo and sign in multiple places. This is not fair to claim like above when it is not possible.
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2.1. Team ProStocks  Oct 1, 2016 2:11:40 AM IST
Hi Mr Sekhar,

Sorry for the inconvenience.

Actually our account opening process is 100% online but due to some change in rule by government around 3 weeks back, this part of the application is not working. This problem is resolved and the 100% online account opening will be available in a weeks time.

Please let us know if you need help further assistance.

Team ProStocks
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1. Nikhil  Aug 24, 2016 1:24:31 AM IST Reply
I have a question about pcm fee?

Before reading this page, I didn''t even notice there is a PCM fee charged? I trade with RKSV. Do they charge pcm fee? How do I check how much I pay?
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6.1. TSB Team  Aug 24, 2016 2:00:42 AM IST
Use brokerage comparison calculator on www.topsharebrokers.com and you can see how much difference you get trading with zerodha/rksv/samco and so on.

http://www.topsharebrokers.com/brokerage-comparison-calculator/nse

Not only PCM fee, you can see difference in your Stamp Duty also.
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