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ProStocks Open Account | Account Opening Process Review


ProStocks is a SEBI registered stock broker offering cheap and transparent (no hidden fees) brokerage services to India Stock Market traders and investors. ProStocks is among the fastest growing online discount stock broker in India. ProStocks has offices in Mumbai and Daman.

ProStocks is popular among frequent stock & currency traders because of their popular unlimited monthly trading plans (Rs 499 per month for unlimited currency and Rs 899 per month for unlimited Equity and Equity F&O trading at BSE or NSE).

ProStocks is also popular among occasional traders or long term investors in stock market because of their 2-in-1 account which comes with truly Rs 0 AMC Demat account.

The high quality trading platform from ProStocks comes with free trading terminal, trading website and fully functional mobile trading app.

ProStocks offers 2-in-1 account (trading + demat account). The demat account is not mandatory with ProStocks as trader who trade in only in derivatives segment (F&O) doesn't need it.

ProStocks has attractive prepaid trading plans (monthly & yearly) for high volume customer which reduces brokerage fee up to 90%.

ProStocks Account Opening

You need a trading account with ProStocks to trade in equity or currency. If you are planning to invest in equity (take delivery of shares), you also need a ProStocks Demat Account, which comes with Zero AMC when you pay one time refundable deposit of Rs 1000.

Account opening with ProStocks is easy.

Open an Account in ProStocks

To open an account in ProStocks, follow one of the below 2 easy ways:

  1. Fill Online Application
    • Visit ProStocks website and click on 'Open an Account' button.
    • In the center section click on the button Fill Online Application. This takes you to the online account opening website of ProStocks.
    • Follow 5 easy steps to fill the online application.
    • Upload the required documents.
    • Download the PDF form, print it, sign it and courier it to ProStocks Mumbai office.

    Your account is opened the day forms are received at ProStocks office

  2. Visit Local Branch at Mumbai or Daman

    If you live in Mumbai or Daman, visit the office of ProStocks to fill the application form. The office address are available on their website.

ProStocks Account Opening Special Offer

ProStocks has a special offer for Chittorgarh.com visitors. Using this limited time exclusive offer, you could open an Online Trading + Demat Account for FREE (zero account opening charges).

ProStocks also doesn't change AMC if you pay one time deposit of Rs 1000 which is refundable at the time of account closure.

ProStocks Account Opening Status

You could check the prostocks account opening status by calling ProStock at +91 22 38 110 110. Your account is opened and activated on the same day when ProStocks receive your account opening form in courier.

Once account is opened and activated, customer receive a welcome email which includes login credential of trading platform and back office. The welcome email also comes with detail instructions about how to access or download the software.

ProStocks Account Opening Forms

The PDF account opening forms are available online on ProStocks website for download and print.

Note it is advisable to fill and online account opening application which later generates a PDF filled with all the required information. Once the online application is complete, customer can download PDF, print it, sign it and send it though courier.

ProStocks Account Closure Procedure

If you are not satisfied with ProStocks broker services or no more need trading &  demat account, you could close the account at any point of time by sending a written application to the company.

Once the application is received, you will receive a call from customer service to confirm the account closing request. After the account is closed, the pending amount in your account and Rs 1000 demat account deposit is transferred to your bank account.

Note:

  • ProStocks doesn't accept or process your demat account closure or trading account closure request until all dues are clear.
  • Phone calls or email are not enough for account closure. A written application is required.

ProStocks Account Opening FAQs

  1. What are different trading plans offered by ProStocks?

    ProStocks offer 5 trading plans as explained below. Customer can take one or more trading plans based on the requirement.

    • Flat Rate Trading Plan
      • Rs 15 per trade (Equity, Equity F&O and Currency F&O at BSE and NSE)
    • Monthly Unlimited Trading Plan
      • Rs 499 - Currency F&O Trading at BSE or NSE
      • Rs 899 - Eq and Eq F&O Trading at BSE or NSE
    • Yearly Unlimited Trading Plan
      • Rs 4999 - Currency F&O Trading at BSE or NSE
      • Rs 8999 - Eq and Eq F&O Trading at BSE or NSE
  2. Can I open more than 1 trading account with ProStocks with same name?

    No, it's against the law to have multiple account with same name with the same broker.

  3. Can I have more than one demat account with ProStocks?

    Yes, customer can open as many demat account as they want with a broker using the same name and PAN Number.

  4. Does ProStocks offer NRI Trading Account?

    Yes, ProStocks offer NRI Trading Account for NRI and NRO customers. ProStocks is the cheapest NRI Trading account offering stock trading for flat Rs 100 per executed order.

    Bring an online trading company, ProStocks has many NRI customers trading at BSE and NSE.

ProStocks Account Opening Charges

Customer pays account opening fee for trading account opening with ProStocks. The account opening fees are as below:

  • ProStocks Account Opening Charges (Trading Acct): ₹0
  • ProStocks AMC Charges (Trading Acct): ₹0
  • ProStocks Account Opening Charges (Demat Acct): ₹0
  • ProStocks AMC Charges (Demat Acct): ₹0

Information about ProStocks account opening, ProStocks open account, ProStocks opening charges, ProStocks account opening charges, ProStocks account opening status, ProStocks amc charges, ProStocks account charges and ProStocks account closure.

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