Prostocks

ProStocks is a Stock Broker and Depository Participant with the SEBI. ProStocks is the fastest growing flat fee discount stock broker, offering BSE and NSE online trading. ProStocks is well-known for its unlimited trading plan. This plan allows you to trade unlimited equity and derivatives for Rs 899 per month or unlimited currency derivatives for Rs 499 per month. They are the most affordable broker in terms of unlimited trading plans. This plan saves the average stock trader between 60% and 99% on brokerage.

ProStocks also provides a Rs 15 per trade pricing plan, which is popular with both novice investors and traders. In this plan, ProStocks customers pay a flat Rs 15 per executed order, regardless of order size.

ProStocks trades on the BSE and NSE in the equity delivery, equity intraday, equity derivatives (F&O), and currency derivatives (F&O) segments. The custom built trading platform provides convenient trading through an installable trading terminal, website, and mobile app, all of which are provided at no cost to all customers. They also provide the NSE NOW trading platform.

ProStocks’ 2-in-1 account (Trading + Demat account) makes stock trading easier for investors because all transactions between trading and demat account are seamless.

ProStocks has the lowest call and trade amount of any discount broker. ProStocks charges an additional Rs 10 per trade for trading through a dealer, whereas most other brokers charge an additional Rs 20 per trade for Call & Trade.

 Account Types

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

ProStocks provides unlimited monthly and yearly trading plans in the equity cash, equity derivatives, and currency derivatives segments. Clients can trade unlimited times without worrying about brokerage bills for a small fixed monthly fee (Rs 899 for equity and Rs 499 for currency).

The breakeven point in this plan is so low that customers can profit from a small price movement.

Yearly unlimited trading plans for equity and currency trading are also available for Rs 8999 and Rs 4999, respectively.

1. Flat Fee Trading Plan (Rs 15 Per Trade)

ProStocks’ flat Rs 15 per trade trading plan is appropriate for both casual investors and frequent traders in the Indian stock market. Customers pay only Rs 15 per executed order, regardless of the size of the trade. Trading in all segments is available on the BSE and NSE for the same rate.

Prostocks  – Company Highlights

 Prostocks Account Opening Charges

Prostocks Brokerage Charges

Prostocks Advantages & disadvantage

Prostocks Advantages

• Monthly Trading Plan – The Rs 899 Equity & F&O and Rs 499 Currency monthly plans are among the most affordable in the Indian brokerage industry. It provides literally unlimited trading in a month. Rs 15/trade plans are ideal for inexperienced stock market investors.
• Lowest Transaction Charges – They charge the lowest transaction change (guaranteed) because they do not include the PCM Fee, unlike most other flat rate brokers such as Zerodha and RKSV.
• ProStocks Call & Trade has the lowest commission rate in the discount brokerage industry. They charge Rs 10 for each completed order. Competitors such as Zerodha and RKSV charge Rs 20 per trade.
• Online IPO Application – With a ProStocks account, you can apply for new IPOs (Initial Public Offerings) directly.
• ProStocks provides a 2-in-1 account (Demat + Trading). The 2-in-1 account allows for seamless transfers between these two accounts.
• Demat Account AMC – When you pay a one-time refundable deposit of Rs 1000, you get a Demat account with no AMC. Every other broker charges an AMC of Rs 600 to Rs 1000..
• Trading Platform – The ProStocks trading platform is regarded as one of the best in the industry. The website, terminal, and mobile app are all completely free trading apps.
• Customer Service – According to most customers, ProStocks provides exceptional customer service.
• Referral Service – ProStocks provides a 10% brokerage referral fee for customers referred by clients.
• Advanced Interactive voice response (IVR) provides 24×7 customer service.
• Prop Trading is not available in ProStocks. This means that your money is secure with them
• Trading in SMEs shares is possible.

Prostocks Disadvantages

• No 3-in-1 Account – Because ProStocks does not provide banking services, they do not offer 3-in-1 accounts. They provide trading as well as demat accounts.
• No Commodity Trading – ProStocks has not yet begun trading in commodities. Broker says they intend to offer commodity trading in the near future.
• Only BSE SME IPOs are permitted. There are no NSE SME IPOs available.

Prostocks Complaint

Additional information