Prostocks Stock Trading, Demat, Brokerage and Reviews 2020



Prostocks Stock Trading, Demat, Brokerage and Reviews 2020


Prostocks Account Enquiry/Get a call Back

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.


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.

How to open account with Prostocks?

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 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.

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 Margin / Exposure

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

Segment Margin
Equity Delivery 1x (no margin)
Equity Intraday 7x (Margin intraday sq off)
Equity Future 2x
Equity Options 1x (no margin)
Currency Future 1.5x
Currency Options 1x (no margin)
Commodity Future
Commodity Options

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


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.


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