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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.Stock Broker Complaints

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

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    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

      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


      • 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.


      • 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

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