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ProStocks FAQ (ProStocks Frequently Asked Questions)


ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited ... Know more about ProStocks

Do you have questions about ProStocks share trading account or ProStocks demat account?

Get all your share trading doubts and questions answered by reading the ProStocks demat, trading account information FAQ. All ProStocks questions, ProStocks q&a, ProStocks faq and ProStocks questions and answers.

Special Offer: Get Free Trading + Demat Account for limited time. Request a Callback

What is ProStocks?

ProStocks is an online stock broker. It offers trading and investment services in India stock market.

ProStocks offers Flat Rate brokerage plans including ₹15 per trade brokerage or ₹899 per month for unlimited equity & equity f&o trading.


Does the flat fee discount broker ProStocks make any profits by offering unlimited trading at ₹899?

Yes, ProStocks makes decent profits even by offering low-cost brokerage services and free software. Here are some of the things to note:

  • No branches, no relationship manager, no research reports, no margin funding and no expensive advertisement keep the cost of operation in control.
  • Powerful online trading platform gives ProStocks an opportunity to grow faster. With every new client added, the cost goes down.
  • Focus on core brokerage business helps ProStocks to reduce risk.
  • Most customer on ProStocks trading platform are self-supporting do-it-yourself type of customers. They need least assistance from broker and thus the cost to maintain these customers are low.
  • Reduced brokerage allows traders to trade frequent which intern increase the volume.
  • Stock exchanges offer incentives to the brokers for high volumes as it increases liquidity in the markets.

How to open account with ProStock?

Would you like know more about ProStock or ready to open account with ProStocks?

Simply leave your contact information and ProStocks representative will call you in few minutes.


Can ProStocks pick up the forms from my home?

ProStocks offers online account opening to most of the customer with PAN Number and AADHAR card. This eliminates the need of downloading, printing and sending forms though couier.

If you are filling physical forms, ProStocks doesn't offer home pickup. You will have to courier the forms to ProStocks office.


How long does it take to open an account with ProStocks?

Online Account opening takes just few minutes as soon as you complete the account opening process.

If you are sending forms, once ProStocks team receives the form; the accounts are opened within 48 hours.


Explain ProStocks ₹15 per trade plan?

In this plan, you pay flat rate ₹15 brokerage per executed order irrespective to the size of the order. For example, when you buy 1000 shares of ₹100 each share; you brokerage is charged at flat ₹15.

The similar transaction with ICICIDirect or Sharekhan would cost you ₹500 in brokerage (at 0.50%). This example shows saving of 97%, just on brokerage itself. You save further on the taxes which are paid on brokerage.


What is an executed order at ProStocks?

When you place an order which gets traded, it is called an executed order. You don't pay for placing, cancelling or modifying an order; you pay only per executed order.

ProStocks doesn't charge per trade, ProStocks charge only for an executed order. So even if an order is executed in 10 different trades it is considered only 1 executed order and you pay only ₹15.

Example of an order is:

Buy 5000 shares of Reliance Industries

You place a 'buy' order for 5000 shares of Reliance Industries. This order may get executed in different chunks until the whole 5000 share are bought. However, ProStocks charges you only ₹15 for the order that is placed, irrespective of how many trades it takes to complete the order. The same charge is applied for trading Equity Intraday, Delivery, F&O and Currency Derivatives.


I place an order to buy 10 lots, what if it gets traded 5 times 2 lots per trade?

ProStocks charges only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only ₹15.


Why ProStocks charges extra for Call & Trade?

When customer place an order over the phone through a dealer, ProStocks charge an additional ₹10 as Call & Trade Fee.

ProStocks is an online stock broker. It prefers that customer uses its online trading platform to execute orders. All trading software's including installable trading terminal, website and mobile application are made available free of charge to customers.


Does ProStocks provide technical charting?

Yes ProStocks offer advance technical charts on its free trading terminal. Basic charting is provided on trading website and mobile.


Does customer get leverage for intraday trading with ProStocks?

Yes, when orders are placed under product type as MIS, customer get leverage for intraday trading.


How to transfer fund in ProStocks trading account?

ProStocks offers multiple ways to transfer fund. This include using payment gateways, deposited a check or online fund transfer.

Visit ProStocks.com for available fund transfer options.


Can I open a trading account on my minor son's name?

Yes, ProStocks does offer trading & demat account on minor's name.


I already have a demat a/c with another broker. How do I link this account with ProStocks trading account?

You can link any demat account with ProStocks trading account. You can provide this information at the time of account opening or contact the customer service at later point of time to do so.

It is highly recommended to open 2-in-1 account with ProStocks as it makes the transactions between trading and demat account seamless. In case you use some other demat account, every time you sell a share from demat, those these should be manually transferred to ProStocks for settlement.

Note that ProStocks offer Zero AMC demat account with one time refundable deposit of ₹1000.


Do I need to maintain any minimum balance in Prostocks Trading Account?

No, you don't have to keep any minimum balance in ProStocks Trading Account.


Which type of stockbroker ProStocks is?

ProStocks is a Discount Broker.


In which stock or commodity exchanges in India I can trade through ProStocks?

ProStocks offers to trade at BSE, NSE.


How much does ProStocks charges for account opening?

ProStocks charges ₹0 to open a trading account.


What are ProStocks annual maintenance charges (AMC)? How much is the ProStocks AMC for the trading account?

₹0


How much does ProStocks charges for Demat Account opening?

₹0


How much is ProStocks Demat Account Maintenance Charges (AMC)?

₹0 per year (Lifetime Zero AMC)


Is Demat account mandatory with a trading account at ProStocks?

No, Demat Account is not mandatory when opening a trading account with ProStocks.


What are the ProStocks brokerage charges for equity delivery trading?

₹15


How much does ProStocks charge for equity intraday trading (day trading of shares)?

₹15


What are the ProStocks equity futures brokerage charges?

₹15


How much does ProStocks charges for equity options trading?

₹15


What are ProStocks currency derivatives (future) brokerage charges?

₹15


ProStocks currency derivatives (options) brokerage charges?

₹15

Contact ProStocks / Request Call Back

NamePhone
EmailCity
State
Are you a day trader?

What are ProStocks transaction charges for equity delivery trading?

NSE: 0.00325% | BSE: 0.00275%


What are transaction charges for equity intraday trading (stock day trading)?

NSE: 0.00325% | BSE: 0.00275%


What are the equity futures exchange transaction charges at ProStocks?

NSE: 0.0019% | BSE: 0.0005%


ProStocks transaction charges for equity options trading?

NSE: 0.050% | BSE: 0.0025%


ProStocks transaction charges for futures (currency derivatives trading)?

NSE: 0.0011% | BSE: 0.0001%


ProStocks transaction charges for options (currency derivatives trading)?

NSE: 0.040% | BSE: 0.0001%


Does ProStocks offer equity (share) trading?

Yes. You can trade in equity segment with ProStocks.


Can I apply for an IPO through ProStocks?

No. You can't apply in IPO if you have a trading account with ProStocks.


Does ProStocks offer to invest in Mutual Funds?

No. You can't buy/sell Mutual Fund if you have a trading account with ProStocks.


Can I buy or trade Bonds and NCD with ProStocks?

No. You cannot trade in bonds and NCD with ProStocks.


Does ProStocks offer commodity trading?

No. You can't trade in commodity segment with ProStocks.


Does ProStocks offer currency derivative trading?

Yes. You can trade in currency derivative segment with ProStocks.


Does ProStocks offer margin funding for share / commodity trading?

No. Margin funding is not available when trading with ProStocks.


ProStocks uses which trading platform or trading software?

ProStocks, NSE NOW


What is ProStocks intraday square-off time?

ProStocks square-off intraday trades at Equity 3:15 PM | Curr: 4:45 PM.


Does ProStocks offer 24x7 customer service?

No. ProStocks doesn't provide 24x7 customer service.


Does ProStocks provide customer support through online Chat?

No. ProStocks doesn't provide customer service through Chat service online.


Does ProStocks offer customer service through local branch offices?

No. ProStocks doesn't offer customer service through local branch offices, local partners or franchises.


Does ProStocks publish daily market research reports?

No


Does ProStocks provide trading tips or investment strategies?

No. ProStocks doesn't provide free tips for stock and commodity trading to its customers.

ProStocks Special Offer

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.


4 Comments

avatar
4. Ilesh  Mar 29, 2019 13:05 Reply
I have demat account on minor's name. What is the procedure to tender shares for buyback, My query is related to IEX shares buyback
avatar
3. Ilesh  Mar 29, 2019 13:03 Reply
If I trade for one script i.e. IRCON and put buy order more than one times with different price and all such order executed than what's the brokerage charge?
Like
10 shares of IRCON @ Rs. 400
10 Shares of IRCON @ Rs. 401
10 Shares of IRCON @ Rs. 402.50
and all these trades (10 shares * 3 = 30 Shares) executed then whats the brokerage charge?
Thanking you
avatar
2. Manoj  Aug 24, 2018 22:05 Reply
Hello sir..Please update your Candle stick chart.
Chart not move with price movements. It's very irritating.
avatar
1. Dinesh  Dec 5, 2016 19:57 Reply
Is there a fee for mobile app? What are your hidden charges? I feel uncomfortable when someone charge unbelievably low fees for the service.
avatar
5.1. Team ProStocks  Dec 5, 2016 20:09
Hi Dinesh,

Your concern is genuine. But note:
1. We are not the only stock broker in India offering cheap brokerage plan. There are over 20 discount stock brokers offering ultra-low brokerage.

2. The reason our prices are low are;
A. We are online brokers. We do not have physical offices in 100''s of cities. Our operational cost is way lower then traditional brokers like Sharekhan or Angel.
B. We do not spend huge sum of money on advertisements.
C. We focus on trading products only. We do not provide many add-on services like research, recommendations, IPO, Local Relationship Manager etc.

3. All our trading software are available for free of change. This include mobile trading app and trading terminal.

4. Hidden charges
All our charges are mentioned on our website at http://www.prostocks.com/charge-list.html
We assure you that you will not be charged any thing else which is not on this page.

We are the most transparent stock broker in India. You can even reach out our CEO anytime of the day as ask as many questions you may have.

Hope this helps.

Team ProStocks



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