Free Trading + Demat Account

ProStocks Customer Reviews, Complaints and Feedback (Page 2)


13.58% 2,718 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 Rs 899 per month or unlimited Currency Derivatives for Rs 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. ProSto... ProStocks Review
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ProStocks Ratings

Overall Rating Rated 3.3 stars 3.3/5
Fees Rated 4.6 stars 4.6/5
Brokerage Rated 4.4 stars 4.4/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 3.2 stars 3.2/5

Based on 25 Votes by ProStocks Customers

Do you trade with ProStocks? Rate ProStocks


57 Comments

Hardy
37. Hardy  Aug 18, 2017 11:55 Reply
Seamless account opening process. No Account opening charges. account opened within 2 days after they receive my documents. i really like their customer support service, i talked with customer rep within 20 seconds. no such good experience with other brokers when i needed to talk with customer rep. Customer support very quick while opening account you just need to click "help" button on top right side. they will call back you within 5 seconds when you click help button. I only found 1 negative thing that is Trading Platform. Web and Mobile trading platform is little dull and simple. not much attractiveness compared to Upstox and Angel Broking. User interface is simple and doesn''t offer much features compare to other brokers.
snp
36. snp  Jul 17, 2017 18:11 Reply
can we apply for ipo as well? also, is it possible to trade in sme on the same platform?
Rajesh Dixit
35. Rajesh Dixit  Jun 27, 2017 20:49 Reply
There is any branch in Ahmedabad??
Kunjithapatham
34. Kunjithapatham  Jun 19, 2017 18:39 Reply
Minimum brokerage must be total percentage, not for each transaction of a stock

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Arpit Walia
33. Arpit Walia  Jun 16, 2017 21:13 Reply
What is the margin on intraday trading
Akash Pal
32. Akash Pal  May 23, 2017 02:25 Reply
What is the NRML margin of Nifty and Bank Nifty? 8% or 10%?
What is MIS leverage for Nifty & Bank Nifty? 1.5x or 2x?
Bindhya
31. Bindhya  May 4, 2017 14:19 Reply
Customer Service is very poor. I have been trying to create a user account for more than a week. there is no proper response from the sales/ customer service team. I doubt if this will be the way they work once you have an account as well.
Anurag
30. Anurag  Apr 27, 2017 13:41 Reply
Do you provide phone trading service as well ?
Team ProStocks
30.1. Team ProStocks  May 4, 2017 00:50
Hi Anurag,

Yes ProStocks provide Call & Trade for an additional Rs 10 per executed order. Note that this charge is lowest in the discount brokerage industry.

Thank you for your enquiry.
Team ProStocks
Dr.j.P.Menon
29. Dr.j.P.Menon  May 3, 2017 15:47 Reply
How does one migrate to Prostocks from another stock broker?
Team ProStocks
29.1. Team ProStocks  May 4, 2017 00:48
It’s very simple 3 step process:

1. Open a 2-in-1 account with ProStocks. This includes trading and demat account.

2. Offline transfer you’re existing demat account holding to ProStocks Demat. Check with your existing broker about how to transfer the shares offline to another demat account.

3. Close your trading and demat account with your existing broker to avoid AMC charges.

Please give us a call and we will help you with this whole process.

Thank you,
Team ProStocks
Ashwin
28. Ashwin  Jan 10, 2017 13:36 Reply
Prostocks can provide margin on equity delivery??
Team ProStocks
28.1. Team ProStocks  Apr 26, 2017 19:42
Dear Mr Ashwin,

You could find more detail about our Margin policy at

http://www.prostocks.com/faq/21-margin/146-how-exposure-will-be-given-against-margin-for-trade-across-different-segments.html

In Equity Delivery we do not provide any margin. This is the case with almost all brokers.

In case of Equity Intraday, we provide 7 times margin.

Thank you,
Team ProStocks
jayamurugan
27. jayamurugan  Jan 12, 2017 19:48 Reply
what is your chennai branches address? can you text chennai branches address...
Team ProStocks
27.1. Team ProStocks  Apr 26, 2017 19:40
Hi Mr Jayamurugan,

We are an online stock broker based out of Mumbai. Sorry we do not have branch office in Chennai. You could reach out to us though phone for any questions you may have about our services or product offerings.

Thank you,
Team ProStocks
B S Jain
26. B S Jain  Jan 24, 2017 19:55 Reply
You don''t have a 3in1 account.So how and in which account is money transferred. How to get money back in my account.
Team ProStocks
26.1. Team ProStocks  Apr 26, 2017 19:38
Dear Mr B S Jain,

Thank you for your message.

Yes we don''t have 3-in-1 account as we do not offer banking services.

But you could actually connect any of your bank account from any bank to us. This process is pretty simple and 100% online. Please give us a call in case you have further questions regarding how the fund transfer would happen.

Thanks,
Team ProStocks



Paramjit Singh
25. Paramjit Singh  Jan 22, 2017 18:56 Reply
How much Margin prostocks providing for trading
Team ProStocks
25.1. Team ProStocks  Apr 26, 2017 19:33
Hi Mr Paramjit,

You could find information about the margin provided by ProStocks at:

http://www.prostocks.com/faq/21-margin/146-how-exposure-will-be-given-against-margin-for-trade-across-different-segments.html

Please remember that higher margin comes at a cost with other broker. You should look at carefully compare the pricing model to see the real benefits of lower brokerage vs higher margin.

Please feel free to call us if you would like to know how we could save real money for you while trading with us.
Amit
24. Amit  Feb 4, 2017 10:21 Reply
Very Good and no AMC and very easy process of account opening

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Team ProStocks
24.1. Team ProStocks  Apr 26, 2017 19:28
Dear Mr Amit,

Thank you for your kind feedback.

Team ProStocks
Gajendhar
23. Gajendhar  Feb 7, 2017 21:17 Reply
What about commodity segment ? Pls send details about that.
Tam ProStocks
23.1. Tam ProStocks  Apr 26, 2017 19:25
Hi Mr Gajendhar,

Sorry we doesn''t offer Commodity Trading as of now. This will be launched soon.

Thank you.
arvind singh
22. arvind singh  Feb 9, 2017 12:23 Reply
I am not able to find Prostocks as registered broker in SEBI website with Reg number :INZ000048660.

http://www.sebi.gov.in/sebiweb/home/detail/4980/new/Registered-Stock-Brokers-in-equity-segment
Team ProStocks
22.1. Team ProStocks  Apr 26, 2017 19:23
Hi Mr Arvind,

ProStocks is SEBI, NSE, BSE and CDSL Registered broker. The registration is on company name as "Sunlight Broking LLP" and Trade Name as "ProStocks".

You could find the SEBI registration at:

http://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=30®no=INZ000048660&name=SUNLIGHT%20BROKING%20LLP

Please let us know if you have any further questions.

Thanks,
Team ProStocks
sudheer
21. sudheer  Mar 16, 2017 17:51 Reply
Dear Prostocks team,

are you offering Commodity trading?
Team ProStocks
21.1. Team ProStocks  Apr 26, 2017 19:19
Hi Mr Sudheer,

Sorry we do not offer Commodity Trading at this time. We are working on this and will launch the services soon.

Team ProStocks
Satyendra
20. Satyendra  Apr 26, 2017 19:09 Reply
Hi All,

I checked its name and registration no. It is Not available on SEBI website.
While the other''s details are there like RKSV, zerodha, ICICI, sharekhan etc.

Kindly Beware!!!
ProStocks Team
20.1. ProStocks Team  Apr 26, 2017 19:16
Dear Mr Satyendra,

ProStocks is SEBI, NSE, BSE and CDSL Registered broker. The registration is on company name as "Sunlight Broking LLP" and Trade Name as "ProStocks".

You could find the SEBI registration at:

http://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=30®no=INZ000048660&name=SUNLIGHT%20BROKING%20LLP

Note: ProStocks is as genuine as any other stock broker in India. They are regulated by the exact same rules.

Team ProStocks
raj kumar singh
19. raj kumar singh  Jan 4, 2017 12:39 Reply
For call & tarde i will have to give Rs 10 on buying in addition to the brokerage similarly Rs 10 on selling by call & trade? explain
Team ProStocks
19.1. Team ProStocks  Jan 5, 2017 20:08
Hi Mr Raj Kumar,

Yes you have to pay Rs 10 per executed order (buy or sell) placed though the call & trade (dealer).

Not that this is lowest in the discount brokerage industry. Other discount brokers charge over Rs 20 per executed order.

Also note that even with Rs 10 call & trade Rs 15 brokerage + Rs 10 Call & Trade charges). This is way cheaper then what you would pay to traditional brokers like Sharekhan or ICICI Direct.

The same transaction will cost you Rs 40 (Rs 20 brokerage + Rs 20 call & trade changes) with other discount brokers like Zerodha or RKSV.

Hope this will help.

Contact us at +91 22 38 110 110 if you have further questions.

Team ProStocks

Shantanu anil joshi.
18. Shantanu anil joshi.  Dec 18, 2016 13:25 Reply
Who is better was online or prostocks

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