ProStocks is a Mumbai based online stock broker. The Flat Fee discount brokerage company is registered with SEBI. It offers trading services at BSE and NSE in all segments i.e. Equity Cash, Equity Derivatives and, Currency Derivatives. ProStocks also offer Depository Services (demat account) and Mutual Funds.
ProStocks banks on the latest technology to offer efficient and low-cost services to the traders. Its various pricing plans allow traders to save brokerage between 60% to 99% in comparison to other traditional brokerage firms. Being a complete online brokerage firm, the company only offers its services through online platforms and doesn't have branches.
ProStocks is popular for its FIXED MONTHLY BROKERAGE PLAN. This plan offers truly unlimited trading in equity delivery, intra-day and F&O segments for just ₹899 per month. This plan also offers unlimited currency derivatives trading at ₹499 per month. There are no hidden fees included in this pricing for online traders. Unlike most other discount stock brokers, ProStocks offers free trading software, back-office, and online tools. The fixed monthly trading plan allows customers to trade literally unlimited times and of unlimited size in a month. Many of the customers execute over 2000 trades a day under this plan. This offers to save over 99% on brokerage to these customers. It allows them to trade at a very small break-even point.
ProStocks another popular service is its ZERO AMC DEMAT ACCOUNT. With ₹1000 refundable deposit, the customer gets a ₹0 AMC Demat Account. Almost all other brokers charge up to ₹1200 in Annual Maintenance Change. Many investors open multiple demat accounts, one with each family members name, to get the maximum allotment in IPO's and to distribute their investment across family members.
The ProStocks desktop is a trading terminal useful for frequent and high volume traders. The terminal can be installed on your personal computer and offers many useful trading features like:
ProStocks web is web-based trading application built using HTML5 technology. The application can be accessed from any browser and offers many key features like:
ProStocks also offers a mobile trading app. The app is available on Apple iOS and Android. It offers many useful features to facilitate trade on the go:
* Except for traders from Maharashtra and Rajasthan
ProStocks gives traders free access to multiple calculators useful in estimating profits from each trade by understanding brokerage and margin requirements. There are calculators for: