Prostocks Stock Trading, Demat, Brokerage and Reviews 2020


120.75% 6,000 Clients

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 Equity and Derivatives Trading at ₹899 per month or unlimited Currency Derivatives for ₹499 per month. They are the cheapest broker in unlimited trading plans. Average share trader save between 60% to 99% on brokerage through this plan.

ProStocks also offer ₹15 per trade pricing plan which is popular among casual investors and traders. ProStocks customer pay flat ₹15 per executed order irrespective to the size of the order in this plan.

ProStocks offers trading in equity delivery, equity intraday, equity derivatives (F&O) and currency derivatives (F&O) segments at BSE and NSE. The custom build trading platform offers convenient trading though installable trading terminal, website and mobile app; all at free of cost to all the customers. In addition they also provide NSE NOW trading platform.

The 2-in-1 account (Trading + Demat account) by ProStocks makes stock trading convenient for investors as all the transactions between trading and demat account are seemless.

ProStocks offers cheapest call & trade amount all other discount brokers. ProStocks offers trading through dealer at additional ₹10 per trade in comparison to most other brokers who charge ₹20 per trade extra for Call & Trade.

Prostocks Special Offers

  • ₹0 Eq Delivery Brokerage and Flat ₹15 per trade for Intraday & F&O +
  • Lifetime Free AMC Demat Account +
  • FREE Trading and Demat Account Opening

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


Account Types

  1. The Unlimited Trading Plan (₹899 per Month)

    ProStocks offer monthly and yearly unlimited trading plans in equity cash, equity derivatives and currency derivatives segment. For a small fixed monthly fee (₹899 for equity and ₹499 for currency), clients can trade unlimited times without worrying about the brokerage bills.

    The breakeven point in this plan is so low that customer can make money in the narrow price movement.

    Yearly unlimited trading plans are also available at ₹8999 for equity and ₹4999 for currency trading.

  2. Flat Fee Trading Plan (₹15 Per Trade)

    ProStocks flat ₹15 per trade trading plan is suitable for both casual investors and frequent trader in India share market. Irrespective to the size of trade, customer pay just ₹15 per executed order. Trading is available in all segments at BSE and NSE for one same rate.


Prostocks Charges 2020

  • Trading Account Opening Charges: ₹0 (Free)
  • Demat Account Opening Fee: ₹0 (Free)
  • Demat Account AMC: ₹0 (Free for lifetime with ₹1000 one time refundable deposit)

ProStocks Brokerage Charges

  • Equity Delivery : ₹15/trade (Flat Fee Plan) or ₹0/trade (Unlimited Trading Plan)
  • Equity Intraday and F&O: ₹15/trade (Flat Fee Plan) or ₹0/trade (Unlimited Trading Plan)
  • Currency F&O: ₹15/trade (Flat Fee Plan) or ₹0/trade (Unlimited Trading Plan)

Prostocks Equity Brokerage Charges

Prostocks offer brokerage free equity delivery trading (₹0 brokerage). They charge ₹15 per trade brokerage for Equity Intra-day trades. In an unlimited trading plan (₹899 per month), Eq Intra-day trading is also brokerage free.

ProStocks Charges Equity Delivery Equity Intraday
Brokerage
(Flat Fee Plan)
₹0/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction Charges NSE: ₹325/Cr | BSE: ₹275/Cr NSE: ₹325/Cr | BSE: ₹275/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges 0.015% (₹1500 per crore) 0.003% (₹300 per crore)

Prostocks F&O Brokerage Charges

Prostocks charge ₹15 per trade brokerage for Equity F&O trades in flat fee plan. In an unlimited trading plan (₹899 per month), Equity F&O trading is brokerage free.

ProStocks F&O Brokerage Futures Options
Brokerage
(Flat Fee Plan)
₹15/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction Charges NSE: ₹190/Cr | BSE: ₹50/Cr NSE: ₹5000/Cr | BSE: ₹2500/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges 0.002% (₹200 per crore) 0.003% (₹300 per crore)

Prostocks Currency F&O Brokerage

In flat fee plan, Prostocks charge ₹15 per trade brokerage for Currency F&O trades. In an unlimited trading plan (₹499 per month), Currency F&O trading is brokerage free.

ProStocks Charges Currency Futures Currency Options
Brokerage
(Flat Fee Plan)
₹15/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT No STT No STT
Transaction Charges NSE: ₹110/Cr | BSE: ₹10/Cr NSE: ₹4000/Cr | BSE: ₹10/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges 0.0001% (₹10 per crore) on buy-side 0.0001% (₹10 per crore) on buy-side

ProStocks Fee Structure:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for equity delivery trades.
  • Stamp Duty: A government tax in India on trading in stocks, currency derivatives and commodities. For Equity Delivery its 0.015% (₹1500 per crore) and for Equity Intraday it is 0.003% (₹300 per crore).
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at ₹5 per Crore.

Other Charges:

  1. Call & Trade: Intraday and F&O - ₹10 per trade. Delivery - ₹25 per trade.
  2. Instant payment gateway charges for over 22 banks - ₹9 per fund transfer.
  3. DP charges for delivery based equity (sell transaction only) - ₹20 flat for every debit transaction.
  4. Standard NSE charges, transaction charges and statutory levies are charged as shown in above table.

Visit Prostocks Brokerage Charges Review for more detail.

Special Offer: Get lifetime AMC free Demat Account with ₹0 account opening fee. ₹0 Brokerage on Equity Delivery. Flat ₹15/trade for Intraday and F&O. Request a Callback

Prostocks Online Account Opening

ProStocks is among the very few brokers who offer 100% online account opening. With PAN Number and Aadhar card with you, you can open an account in just few minutes. There is no PDF download, Print forms, signing paper and courier it to the broker.

Click here to open an account with ProStocks online.


Prostocks Trading Software (Prostocks Trading Platforms)

ProStocks offers 3 trading applications to cater all kind of stock market investors. All trading apps are available free to all its customers.

  1. ProStocks Desktop

    An installable trading terminal, ProStocks Desktop is designed for frequent traders who need professional trading tools, tick by tick intra-day charts, live streaming, multiple markets & segments in same window, quick and easy order entry and execution.

    This extremely powerful yet simple trading terminal is designed and tested by dealers. The same terminal is used by ProStocks Dealers who executes 100's of call & trade orders each day.

  2. ProStocks Web

    A browser based stock trading website, ProStocks Web is designed for casual investors and traders. The website is platform independent and accessible through any web browser and from any computer connected to internet.

    The easy to use website has all critical features an investor need to trade in stock market. The website gives real time access to market data with live quotes, news and accesses to multiple markets and segments.

  3. ProStocks Mobile

    A mobile trading app, ProStocks Mobile is designed for people who trade on the go. Compatible to Android and Apple devices, ProStocks mobile is a secure, simple and a powerful trading app.

 

Visit Prostocks Trading Software Review for more detail.

Contact Prostocks / Request Call Back

Get lifetime AMC free Demat Account with ₹0 account opening fee. ₹0 Brokerage on Equity Delivery. Flat ₹15/trade for Intraday and F&O. Request a Callback

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Are you a day trader?

Prostocks Pros and Cons


Prostocks Pros (Advantages)

The following are the advantages of Prostocks. You must read Prostocks advantages and disadvantages before opening an account with Prostocks. Prostocks pros and cons help you find if it suits your investment needs.

  • Monthly Trading Plan - The ₹899 Equity & Equity F&O and ₹499 Currency monthly plans are among the cheapest in Indian brokerage industry. It literally offers unlimited trading in a month. ₹15/trade plans fits well for casual stock market investors.
  • Lowest Transaction Charges - They charge lowest transaction change (guaranteed) as they do not include PCM Fee to it unlike most other flat rate brokers including Zerodha and RKSV.
  • ProStocks Call & Trade is lowest among discount brokerage industry. They charge ₹10 per executed order. The competitors including Zerodha and RKSV charges ₹20 per trade.
  • ProStocks offers 2-in-1 account (Demat + Trading Account). The 2-in-1 account offers seamless transactions between these 2 accounts.
  • Demat Account AMC - The Demat account comes with ₹0 AMC when you pay one time refundable deposit of ₹1000. Other broker charges ₹600 to ₹1000 AMC everywhere.
  • Trading Platform - ProStocks trading platform is among the best in the industry. The website, terminal and mobile app are all free and fully functional trading apps.
  • Customer Service - As per the response from most customer, ProStocks has exceptionally well customer service.
  • Referral Service - ProStocks offer 10% brokerage referral for customer referred by the client.
  • 24x7 customer service though Advance Interactive voice response(IVR).
  • ProStocks doesn't have Prop Trading. This means your money is safe with them

Prostocks Cons (Disadvantages)

The following are the cons of Prostocks. Check the list of Prostocks drawbacks.

  • No 3-in-1 Account - ProStocks doesn't offer 3-in-1 account as they do not offer banking services. They offer trading and demat account.
  • No Commodity Trading - ProStocks has not yet launched commodity trading. Broker says they have plans to offer the commodity trading in near future.

Prostocks Enquiry Form

Prostocks Margin / Exposure

Prostocks leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery1x (no margin)
Equity Intraday7x (Margin intraday sq off)
Equity Future2x
Equity Options1x (no margin)
Currency Future1.5x
Currency Options1x (no margin)
Commodity Future
Commodity Options

Visit Prostocks Margin Review for more detail.


Prostocks Ratings

Overall Rating Rated 3.3 stars 3.3/5
Fees Rated 4.7 stars 4.7/5
Brokerage Rated 4.4 stars 4.4/5
Usability Rated 3.0 stars 3.0/5
Customer Service Rated 3.3 stars 3.3/5
Research Capabilities Rated 4.0 stars 4.0/5

Based on 29 Votes by Prostocks Customers

Do you trade with Prostocks? Rate Prostocks


Prostocks Complaint

The number of Prostocks customer complaint received by the exchanges. The Prostocks consumer complaint report helps understanding the Prostocks quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2019-20 6,000 0
NSE 2018-19 2,718 1
BSE 2018-19 550 1
NSE 2017-18 2,393 2
NSE 2016-17 664 1

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Prostocks Complaints at BSE, NSE and MCX for detail report.


ProStocks Membership Information:

ProStocks is a registered stock broker and a depository participant. ProStocks is member of BSE and NSE. ProStocks SEBI registered a Trading Member and Demat Account service provider.

  • ProStocks NSE Member ID: 6635
  • ProStocks BSE Member ID: 90084
  • SEBI Trading Member Regn. No.: INZ000048660
  • SEBI DP Registration Number (CSDL): IN-DP-280-2016


63 Comments

RAMDAS LAD
63. RAMDAS LAD  Aug 19, 2019 03:09 I Like It. | I Don't Like It. | Report Abuse Reply
When will you update trading platform with detailed charts as existing one is insufficient.
umapathy
62. umapathy  Jun 25, 2020 20:48 I Like It. | I Don't Like It. | Report Abuse Reply
over all good experience. when compare with other discount brokers.their charges are less and they stand above all.the only issue i faced is some time we may unable to place orders due to technical issues.on one day it was take 2 hours to rectify their technical issues.
and now they offer only 1 time intraday exposure in F&O.previously they offered 2 times.
Khalandar
61. Khalandar  Jun 14, 2020 00:09 I Like It. | I Don't Like It. | Report Abuse Reply
Some services very good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Excellent
Customer Service - Above Average
Overall Experience - Excellent
Sanjeev
60. Sanjeev  Feb 1, 2020 14:09 I Like It. | I Don't Like It. | Report Abuse Reply
User experience is very bad. No pin based login in app and always prompt for change password.
Not satisfied with website usability.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Below Average
Sanaya Thakur
59. Sanaya Thakur  Dec 16, 2019 21:22 I Like It. | I Don't Like It. | Report Abuse Reply
Good experience.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
Sanaya
58. Sanaya  Nov 24, 2019 11:06 I Like It. | I Don't Like It. | Report Abuse Reply
Prostocks have been a good experience.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
Satheesh
57. Satheesh  Aug 28, 2019 11:37 I Like It. | I Don't Like It. | Report Abuse 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
Ramdas Lad
56. Ramdas Lad  Aug 19, 2019 10:12 I Like It. | I Don't Like It. | Report Abuse Reply
Rectification. Chart is available but couldn't follow due to lack of operating knowledge. I am trading with Prostocks since last two years and experience and found that the people/staff members are very polite, co-operative. Specially S/Shri Vijay, Jagannath, Gajanan and all. Thanks to Prostocks for saving my huge amount of brokerage by the way of monthly scheme of unlimited reading. Wish them all the Best.
Subhas
55. Subhas  Sep 5, 2018 01:17 I Like It. | I Don't Like It. | Report Abuse Reply
How do I transfer the money to dmat/trading account from my bank a/c and how do I transfer money from dmat/trading a/c to my bank a/c. Is there any option in mobile app to do the above
Leelamani
55.1. Leelamani  Jan 31, 2019 16:47 I Like It. | I Don't Like It. | Report Abuse
Mai apne bank account se Demat or trading account mein paise Kaise transfer karunga kya Suvidha mobile app mein hai
SREEKANT HEBALKAR
54. SREEKANT HEBALKAR  Oct 15, 2018 19:50 I Like It. | I Don't Like It. | Report Abuse Reply
Overall experience above average due to seamless n smooth dealing experience.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
Uttam
53. Uttam  Sep 2, 2018 08:35 I Like It. | I Don't Like It. | Report Abuse Reply
What about margin? Intra day or delivery both.
Skb
52. Skb  Jul 25, 2018 10:00 I Like It. | I Don't Like It. | Report Abuse Reply
Is there your agent in Pune.please open account my in pune
Raj
51. Raj  May 16, 2018 20:43 I Like It. | I Don't Like It. | Report Abuse Reply
Simple, straightforward user platform, with lowest stamp duty, only discount tolerance offering g Daman stamp duty for l non Mumbai residents,.Hardky any frills offered, voluminous traders can choose between fixed monthly or yearly plan with unlimited trade, with brokerage locked in upfront.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Average
Overall Experience - Above Average
Sanjay Baheti
50. Sanjay Baheti  Jan 19, 2018 22:28 I Like It. | I Don't Like It. | Report Abuse Reply
Can I open a new trading account and link my existing demat account (with ICICI Bank) to the trading account?
ProStocks
50.1. ProStocks  May 2, 2018 10:14 I Like It. | I Don't Like It. | Report Abuse
Yes . You can . However you can sell delivery only once shares are available in your Demat Account with ProStocks . Demat Account opening is Free . Trading and Demat Account is life time AMC free , as such you do not have any cost for opening new account. You can transfer only those shares from your ICICI Bank Demat account to your ProStocks Demat Account just before you want to sell . whenever you buy , You have an option to take payout directly in your ICICI Demat Account .
Dinesh
49. Dinesh  Apr 2, 2018 22:06 I Like It. | I Don't Like It. | Report Abuse Reply
Good brokerage, but their trading platform can be improved.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
ProStocks
49.1. ProStocks  May 2, 2018 10:04 I Like It. | I Don't Like It. | Report Abuse
Our Desktop Trading Application is comparable with Industry Leading Platform. We will release our new Mobile App in 2 weeks time with lot of improvement . We will keep doing improvement.
Suhas
48. Suhas  Nov 10, 2017 13:19 I Like It. | I Don't Like It. | Report Abuse Reply
Excellent customer support was there during the opening. Also they provided trading demo for platform. Brokerage is less as compared to others.
After few months the trading platform became really unusable as it don''t show any detailed charts and as I tried to get the customer support it was horrible , "our team are working on the platform" was the reply , its now 3months still the charts problem haven''t rectified also the trading platform is below average and separate application or an website which opens only in internet explorer needs to check the mtm &profit/loss.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
Kedar Nath Agrawal
47. Kedar Nath Agrawal  Oct 31, 2017 20:43 I Like It. | I Don't Like It. | Report Abuse Reply
Kindly Reply me as under point to point:
(1) What is the safety of Client. All the Money in the shape of Ledger Credit and Rest in
your DP/D-mat company. If you disappear on line then where I will search you, and who
will pay our losses and up-to which limit per client.

(2) What is your registered office address and who is the promoter/chairman of the company.Tell me his name and company corporate and registered office address with email id and phone numbers.

(3) Do Not offer Banking Service means ? Do you not provide online Transfer of fund
directly from client account and from your account to client account and how much it
takes time after making request of withdrawal.

(4) D-mat account offers seamless trading between the 2 accounts meaning ?
Does it means if delivery is in your D-mat account then No DP per trade will be
charged ? or charged ? if so then what ? wants to write more but place is over ?
Suhas
46. Suhas  Oct 27, 2017 13:48 I Like It. | I Don't Like It. | Report Abuse Reply
Trading platform is the worst ever. No detailed charts, login issues, backoffice not user friendly.
However brokerage is less

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
GMR
45. GMR  Oct 12, 2017 13:30 I Like It. | I Don't Like It. | Report Abuse Reply
Hi Team,

Please let me know if I can buy/sell SME shares from Prostocks.
GMR
44. GMR  Oct 12, 2017 13:11 I Like It. | I Don't Like It. | Report Abuse Reply
Hi Team,

Do you have option to buy/sell SME shares.

Are you a Zerodha Customer?








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