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

Prostocks Customer Ratings & Revew

About Prostocks

Company Type Public
Broker Type Discount Broker
Headquarters Mumbai
Founder & CEO S P Toshniwal
Established Year 2016

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

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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

Equity Delivery Trading Rs.15/order
Equity Intraday Trading Rs.15/order
Commodity Trading NA
Equity Futures Trading Rs.15/order
Equity Options Trading Rs.15/order
Currency Futures Trading Rs.15/order
Currency Options Trading Rs.10/lot
Minimum Brokerage Zero
Demat AMC Charges Zero
Trading AMC Charges Zero
Margin Money Zero

Prostocks Brokerage Monthly Level

Segment Brokerage Charges
Equity Delivery Trading Rs.899/month
Equity Intraday Trading Rs.899/month
Equity Futures Trading Rs.899/month
Equity Options Trading Rs.899/month
Currency Futures Trading Rs.499/month
Currency Options Trading Rs.499/month

This Brokerage plan allows Unlimited Trading per Month.

Prostocks Brokerage Plat Yearly Level

Segment Brokerage Charges
Equity Delivery Trading Rs.8999/year
Equity Intraday Trading Rs.8999/year
Equity Futures Trading Rs.8999/year
Equity Options Trading Rs.8999/year
Currency Futures Trading Rs.4999/year
Currency Options Trading Rs.4999/year

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.

Transaction Charges 0.00325% of Total Turnover
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges)

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

Depository Source CDSL
Account Opening Charges Zero
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Zero
Offline to Online No

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


Prostocks Offers

Margin Money Yes
Free Demat Account Yes
Free Trading Account Yes
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans No
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

List of Offers provided:

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

Open Demat Account with Prostocks

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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

Equity Trading Yes
Commodity Trading No
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP No
Insurance No

List of Products offered are:

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

Prostocks Services

Demat Services Yes
Trading Services Yes
3 in 1 Account No
Intraday Services Yes
IPO Services No
Stock Recommendations No
Robo Advisory Yes
PMS No
Trading Institution No
Trading Exposure Upto 7x

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

Fundamental Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks Yes
Daily Market Review No
Monthly Reports No
Weekly Reports No
Offline Advisory No
Robo Advisory Yes
Relationship Manager No

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)
Equity Delivery Upto 7x
Equity Intraday Upto 5x
Equity Futures Upto 1.5x
Equity Options Upto 3x
Currency Futures Upto 1.5x
Currency Options Upto 3x

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:

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform Yes
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports Yes
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory Yes
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management Yes

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

Dedicated Dealer No
Offline Trading No
Online Trading Yes
24*7 Support Yes
Support Number 022 3811 0110
Email Support No
Chat Support No
Toll Free Number No
Branches No

Prostocks Complaints & Feedback

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

Lodged in BSE No
Resolved in BSE No
Lodged in NSE 48
Resolved in NSE 29

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

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

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

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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 –

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