ProStocks

Prostocks 2023 Review: Brokerage Charges, Margin, Demat Account #

Experience unlimited trading and API access for just ₹1999 per month with Prostocks.

Prostocks: Trading, Demat, Brokerage, and Reviews 2023 #

Open a Prostocks account today and enjoy unlimited trading for just ₹899 per month or a flat ₹15 per trade. Plus, enjoy zero brokerage on equity delivery and a lifetime free AMC Demat Account.

Prostocks is a SEBI registered Stock Broker and Depository Participant. It’s one of the fastest-growing flat fee discount stock brokers offering unlimited Equity and Derivatives Trading at ₹899 per month or unlimited Currency Derivatives for ₹499 per month.

For casual investors and traders, Prostocks also offers a ₹15 per trade pricing plan. With this plan, customers pay a flat ₹15 per executed order, regardless of the order size.

Trade in equity delivery, equity intraday, equity derivatives (F&O), and currency derivatives (F&O) segments at BSE and NSE with Prostocks. The custom-built trading platform offers convenient trading through an installable trading terminal, website, and mobile app; all free of cost to all customers. They also provide the NSE NOW trading platform.

Prostocks offers the cheapest call & trade among all other discount brokers. Trade through a dealer at an additional ₹10 per trade, compared to most other brokers who charge ₹20 per trade extra for Call & Trade.

Account Types #

The Unlimited Trading Plan (₹899 per Month) #

Prostocks offers monthly and yearly unlimited trading plans in equity cash, equity derivatives, and currency derivatives segments. For a small fixed monthly fee (₹899 for equity and ₹499 for currency), clients can trade unlimited times without worrying about brokerage bills. Yearly unlimited trading plans are also available at ₹8999 for equity and ₹4999 for currency trading.

Flat Fee Trading Plan (₹15 Per Trade) #

Prostocks’ flat ₹15 per trade trading plan is suitable for both casual investors and frequent traders in the Indian share market. Regardless of the trade size, customers pay just ₹15 per executed order. Trading is available in all segments at BSE and NSE for one same rate.

Prostocks Equity Brokerage Charges #

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

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% (Rs 1500 per crore) and for Equity Intraday it is 0.003% (Rs 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 Rs 10 per Crore.

Other Charges: #

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

Prostocks Online Account Opening #

Prostocks is among the few brokers who offer 100% online account opening. With your PAN Number and Aadhar card, you can open an account in just a few minutes. There’s no need to download PDFs, print forms, sign papers, or courier anything to the broker.

Prostocks Trading Software (Prostocks Trading Platforms) #

Prostocks offers three trading applications to cater to all types of stock market investors. All trading apps are available free to all its customers.

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 the same window, quick and easy order entry and execution.

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 the internet.

Prostocks Mobile #

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

Prostocks Pros and Cons #

Pros #

• Monthly Trading Plan
• Lowest Transaction Charges
• ProStocks Call & Trade
• Online IPO Application
• ProStocks offers 2-in-1 account
• Demat Account AMC
• Trading Platform
• Customer Service
• Referral Service
• 24×7 customer service though Advance Interactive voice response(IVR).
• ProStocks doesn’t have Prop Trading
• Trading in SME Shares is available.

Cons #

• No 3-in-1 Account
• No Commodity Trading
• Only BSE SME IPOs are allowed. NSE SME IPOs are not available.

Prostocks Margin Exposure #

Prostocks margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock.

Prostocks Complaint #

The number of Prostocks customer complaints is relatively low, indicating high customer satisfaction.

Prostocks Membership Information #

• 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