Prostocks Review, Brokerage Charges, Demat Account, Trading Platforms & more

Prostocks is one of the well-known discount broker based out of Mumbai.  Let’s have a detailed Prostocks Review & get good understanding of Prostocks Brokerage Charges, Prostocks Demat Account, Prostocks Trading Platforms & other important features.

Prostocks Customer Ratings & Review

About Prostocks

Prostocks, founded in the year 2016 in the month of February, so one of the most recent Discount Broker. Prostocks, appeared as a recent competitor among the prevailing brokers. It is a Sunlight Broking LLP venture, with head office established in Mumbai.

The broking house has accessibility in various segments of the market. These are Equity, currency, derivatives, Mutual Funds, NRI trading services, depository services. They are not present in MCX and NCDEX due to lack of enough resources and infrastructure.

The Discount broker has an active client base of more than 2000 in the current year up to 2018 which is commendable in today’s time.  Prostocks has made efforts in making your trade more efficient and convenient by providing latest trading platform and friendly customer support services. You can trade at BSE & NSE in segments like:

• Equity Cash (Intraday & Delivery),
• Equity Derivatives (F&O),
• Currency Derivatives (F&O) and
• Depository Services.

Open Demat Account with Prostocks

Prostocks Brokerage Charges and Plans

The discount broker is known to provide multiple brokerage plans:

• Trade level
• Monthly level
• Yearly level

Prostocks Brokerage Charges Trade Level

Prostocks Brokerage Monthly Level

This Brokerage plan allows Unlimited Trading per Month.

Prostocks Brokerage Plat Yearly Level

This Brokerage plan allows Unlimited Trading for an Year.

Prostocks Charges

Other than brokerage charges, there are few other charges charged by Prostocks. But these charges are very minimal & doesn’t affect the ROI of any client.

These charges are very minimal & they don’t affect the overall ROI of the Investment.

Note: For Stamp duty, all customers will pay 0.01% (Rs. 50 per day Max) stamp duty, except Maharashtra residents.

Prostocks Demat Account Opening Fees

The broking house doesn’t charge any account opening fees, Demat AMC & Trading AMC. All these charges are absolutely free.

Prostocks Offers

List of Offers provided:

• Zero Margin Money
• Free Demat Account
• Free Trading Account
• Flat Brokerage Charges @ Rs.15 only

Open Demat Account with Prostocks

How to open Demat account with Prostocks?

• Fill up the Lead Form – Click here
• Prospect will receive a call from sales team
• Appointment will be set-up as per prospects availability
• Sales person will visit the prospect
• Prospect will have to provide few information & documents like Aadhaar Details, PAN Details, Account Opening Fees & POA
• Account will be activated within 1 working day

This Entire process takes 5 to 7 days to complete.

Why Open Prostocks Trading account?

• Lower Refundable brokerage.
• They give probably the best platform for trading online.
• Account opening in 15 mins through Aadhaar and Demat account service with zero amounts.
• Mutual Fund is now possible.
• Awesome Referral Program and impressive multiple trading plans for both medium and heavy volume traders.

Prostocks Products & Services

Here are the list of Products & Services provided by the stock broking company

Prostocks Products

List of Products offered are:

• Equity
• Derivatives
• Currency
• Depository Services
• NRI Trading Services
• Mutual funds

Prostocks Services

List of Services offered are:

• Demat Account
• Trading Account
• Intraday Trading
• Robo Advisory
• Trading Exposure

Prostocks Research, Advisory & Stock Tips

Look at this table for all information about their research & recommendations

The discount broker doesn’t provide any research & recommendations to their client. They have  built a Robo advisory platform which provides daily stock tips only. They don’t have a very well established research team.

Prostocks Exposure or Leverage

The broking company provides upto 35x exposure to their clients. Exposure varies on various parameters

• Clients Holdings (Trader client or high value client gets high exposure)
• Clients History (old client gets high leverage)
• Type of investment (Equity, Derivatives, Currency, Commodity)
• Company Scrip (High networth company has high exposure scrip)

Prostocks Trading Platforms

The broking company offers web based, desktop based and mobile app based trading platform. The broker provides these platforms through NSE NOW. It is available in its website version, trading software version and as a mobile application compatible to almost all operating system.

Features of Prostocks Trading Platforms:

Prostocks Desktop Review: Prostocks desktop based Trading Terminal

This trading terminal has some inbuilt features, let us have look over it:

• Real time monitoring of your trades.
• Index Option Strategies to calculator.
• Single Sign-in to back-office makes operation lot convenient.
• Multiple market watch update on real time gives you broader out look of the scenario.
• Option calculator.

Prostocks Web Review: Prostocks web based Trading Platform

The main highlights of the web version of trading platform are:

• Online market updates.
• Direct order placing from charting platform which minimizes error while placing orders.
• Multilevel security so only you can access your trade.

Prostocks Mobile App Review: Prostocks App based Trading Platform

This trading app is easy to use, secure and compatible to major mobile operating systems. The app weights only 11mb and is upgraded regularly.

Prostocks Customer Support

Here are the list of Support they provide to their client

Prostocks Complaints & Feedback

Here are the total number of complaints lodged & their resolution status for the current year.

The number of clients in this broking house is minimal hence, volume of compliant is also low.

NOTE* – Their TAT for resolving any kind of complaints are 30 days. This is bit late.

Here are pros & cons of Broking house

Advantages

• The account opening charge is zero.
• Chose from multiple Brokerage plans and services.
• Brokerage on lower side.
• Offers trading services for NRIs.
• Account opening process is fully online which ultimately reduces your cost.

Disadvantages

• Commodity segment is not applicable here.
• It offers low exposure and margin so not good for those who wants to trade in huge volume with lesser investment.
• Customer support services are not satisfactory but are changing with time.

Prostocks Conclusion

Prostocks is a very new Broker in the Discount Broker game. They hardly have any major volume of customer base. Our Expertise says that go with this broking house only if you are a Trader. Investors are not recommended. If you have a good trading experience try them or else there are many other options available in this segment.

Open Demat account only if you want to test out their product & services. Only Traders should try.

Open Demat Account with Prostocks

List of all Discount Brokers in India –

Zerodha , 5Paisa , Upstox / RKSV , Samco , SAS Online , Wisdom Capital , Trade Smart Online , Tradejini , Beeline Broking , Compositedge , RK Global , Achiievers Equities , Bonanza Portfolio , MDirect , TradingBells , EzWealth

Important Blog Posts –

Top 10 Stock Brokers in India , Top 10 Intraday Trading Brokers in India , Top 10 Sub Broker Partner in India , Best Demat Account in India , Full Service Broker vs Discount Broker in India , 10 Best Practices of Share Market Investment , Mutual Fund vs Real Estate Investment

List of Stock Broking Franchise in India –

Angel Broking Franchise , Kotak Securities Franchise , ICICI Direct Franchise , Sharekhan Franchise , Motilal Oswal Franchise , IIFL Franchise / India Infoline Franchise , SMC Franchise , Nirmal Bang Franchise , Sushil Finance Franchise , Profitmart Franchise