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Rated 4/5 by Top Share Brokers Team
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ProStocks Offers Free delivery trade and flat Rs 15 per order for Intraday and F&O.
Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an excellent broker for frequent traders. Also, the free ProStocks Demat account, Rs. 15 flat-rate pricing model, and easy & user-friendly app and web-based platform make ProStocks an ideal choice for beginners.
Despite being relatively a new market entrant since 2016, ProStocks, Sunlight Broking LLP venture has positioned itself as one of the fastest-growing and cheapest online discount brokers. It has the best brokerage plans for beginners as well as traders. Its fixed pricing model is ideal for beginners that charge Rs. 0 brokerage on delivery trading and Rs. 15 flat brokerage fee on equity intraday, equity derivatives, and currency segment on BSE and NSE.
Do you trade frequently? If yes, then ProStocks has an Unlimited Monthly Trading plan for you that allows placing an unlimited number of trades at Rs. 0 brokerage. It has two unlimited trading plans; ProStocks Rs. 899 Equity and Derivative Trading Plan and Rs. 499 Currency Derivative Trading Plan. Active traders must subscribe to the monthly plans and save upto 90% on brokerage.
It is a CDSL depository participant to offer free ProStocks Demat & Trading account online at zero charges. NRI clients can also open ProStocks NRI 2-in-1 Account [Demat + Trading] using NRE or NRO Bank Account and trade in the equity derivative segment at Rs. 100 per order flat brokerage.
Likewise, the brokerage model, ProStocks has also designed powerful trading platforms for frequent traders and beginners. ProStocks Star trading platform is available across a browser-compatible website, mobile trading app, and installable desktop trading software. Prostocks App is a lightweight user-friendly mobile platform to facilitate trade-on-the-go service and has advanced feature-rich desktop trading software.
The online discount brokerage firm offers excellent customer service over email and a customer care helpline number. Let’s check the detailed ProStocks Review 2023 including brokerage charges, online Demat account opening process, margins, online trading platforms, customer care details, and pros & cons.
Current promotion offere from Prostocks for TopShareBrokers Visitors:
Brokerage and Commission Rated 4.5/5
ProStocks has a fixed Rs. 15 flat brokerage pricing plan that charges zero brokerage on investment in stocks and brokerage charges of Rs. 15 per executed order on equity intraday, equity derivatives, and currency trading.
| Trading Account Opening Charges: | Free |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Rs 0 (Rs 1000 Refundable Deposit) |
Here we are comparing ProStocks with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | ProStocks | 5paisa | Zerodha | Upstox | Paytm Money |
| Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | Rs 15 | Rs 20 | Rs 20 | Rs 20 | Rs 15 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | Free | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 15 whichever is lower |
| Equity Intraday | Flat Fee Rs 15 | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Equity Futures | Flat Fee Rs 15 | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 15 whichever is lower |
| Equity Options | Flat Fee Rs 15 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 15 per order |
| Commodity | NA | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | Flat Fee Rs 15 | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
| Currency Options | Flat Fee Rs 15 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
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For complete brokerage charges and trading plans detail please visit ProStocks Brokerage Charges.
Please refer unique and accurate ProStocks Brokerage Calculator
ProStocks offers a 2-in-1 (Demat + Trading) account opening facility to residents and NRI customers. The 2-in-1 account by ProStocks provides a seamless trading experience to clients.
ProStocks discount broking firm is a depository participant with CDSL to offer ProStocks Demat Account opening facility. The broker facilitates a Free Demat Account at zero account opening charges. ProStocks 2-in-1 account is an integrated account of ProStocks Demat + Trading Account to facilitate online trading in equity, futures & options, and currency segments.
NRI clients can open ProStocks NRI Demat & Trading Account and link it with NRE or NRO bank account to trade in equity futures & options segment. ProStocks offers the lowest brokerage NRI trading services at Rs. 100 per executed order brokerage charges.
Open ProStocks Trading & Demat Account in just 15 minutes in a 100% digital or paperless manner using your aadhaar number.
Steps to open ProStocks Trading & Demat Account Online;
Note: After the successful document verification, you will receive ProStocks login credentials on your mail to access Prostocks trading platforms.
Unlimited Trading Plan - ProStocks
Unlimited trading [email protected] PM best for algo traders.
Trading Platforms Rated 3.5/5
The leading discount brokerage firm has free-of-cost ProStocks Star trading platforms across mobile app, desktop trading software, and web-based platforms to provide a high-end trading experience to clients. Its trading platforms offer the best experience to both frequent traders as well as beginners.
ProStocks has a sleek design and user-friendly mobile trading app to allow a trade-on-the-go facility. Prostocks Mobile app allows equity trading, derivatives trading, and currency trading facility. Live market watch, online fund transfer, real-time price update, and portfolio tracking & monitoring are the top features available on the ProStocks app. The lightweight fully functional trading app is available to download on Android and iOS Smartphone devices from the Play Store and the iTunes Store. ProStocks app is a safe & secure app with 2-factor authentication and Biometric login.
ProStocks Star Web is an HTML 5-enabled browser-based trading website that allows clients to trade securely via any compatible browser. The web platform offers many advanced features like multiple market watchlists, real-time market quotes, quick and fast order execution, and a safe platform with multi-level security check protocols. ProStocks Web can work on low internet bandwidth and offers you a great trading convenience.
ProStocks Desktop trading software is an innovative downloadable trading terminal to give you a trading edge. It is the best platform for frequent traders with advanced charting, 7 days intraday chart, multiple market watches, in-built option strategy builder, secured online fund transfer, and advance orders like bracket order, cover order, basket order, GTT order, and aftermarket order (AMO) facility.
The online discount brokerage firm provides ProStocks Star API, a set of Rest HTTP APIs to build your customized trading platforms to facilitate trade at your convenience. The Prostocks API provides programmatic access to various data such as placing orders, managing order books, accessing holdings and positions, access to live market data, and much more. The Prostocks Star Trading API and ProStocks Star Historical API are available at a one-time subscription fee of Rs. 1,000.
For detail review of mobile app and download please visit ProStocks Trading Platform Review.
Likewise, other brokers, ProStocks delivers instant 24x7 customer services across its helpline number and customer care email. It also follows Advanced IVR System to allow clients to call the IVR desk from your registered mobile number and get the required reports (Balance Info, Bill Summary, Stock Holding, Trade details, etc.) directly on your mobile phone or email.
Rated 4/5 by 20 users
ProStocks is undoubtedly the best discount broker in India with dedicated brokerage plans and user-friendly & feature-rich online trading platforms to meet traders’ and investors’ expectations. Its zero brokerage unlimited trading plan is excellent for frequent traders to save significant brokerage charges. However, unlike top brokers such as Zerodha and Upstox, it does not offer commodity trading and a free direct mutual fund investment facility.
Last updated on: 2023-05-28
No, Prostocks is a flat fee discount stockbroker in India that offers free delivery trading or investment in stocks. However, intraday and F&O trade is charged at the cheapest brokerage fee of Rs 15 per order regardless of the trade value.
Opening a demat and trading account with Prostocks is free at zero charges.
No, ProStocks is an online discount stockbroking firm that does not provide customers intraday trading calls/tips, stocks research and advisory services. It only provides an online trading platform to clients to trade in shares, derivatives, and currencies segment.
ProStocks, a discount broking arm of Sunlight Broking Venture is a safe, reliable, legitimate, and trustworthy discount broker who is registered with NSE, BSE, SEBI, and a CDSL DP. So far, the broker has not indulged in any regulatory violation practice. The flat fee stockbroker does not offer proprietary trading and thus provides higher safety of the client’s funds.
On brokerage front, yes, ProStocks has a cheaper discount brokerage plan that offers free investment in stocks and charges Rs 15 flat brokerage fee in equity intraday, F&O, and currency segments. However, Zerodha levies Rs 20 per executed order brokerage fee from every client on intraday and F&O trades.
ProStocks allow a fund transfer facility through UPI using a virtual payment address (VPA). Funds added to via UPI are reflected in the ProStocks trading account in real time. The facility of UPI fund transfer is available to both residents and NRI clients for free at zero charges.
Steps to add funds in ProStocks through UPI;
Yes, ProStocks customers have the feasibility to place funds payin transfer request through net banking mode. To add funds to the Prostocks account on app or web, you just have to select net banking as a preferred mode of payment and the page will redirect you to your bank’s net banking portal.
Enter your bank’s login credentials and authorize the payment request by entering required details. ProStocks allow fund transfer through 30+ banks and charges Rs 9 payment gateway charges + GST on each fund transfer request via net banking. However, funds added to your trading account through HDFC and Yes Bank is free.
No, You cannot invest in mutual funds with ProStocks because the discount broker only provides a platform to trade or invest in shares, equity derivatives, and currency derivatives segment on BSE and NSE. Thus, if you are looking to buy mutual funds, then ProStocks is not a broker for you.
ProStocks, a Sunlight Broking venture is founded by Mr S P Toshniwal in February 2016 as a leading online discount stockbroker to facilitates trading in equity (intraday and delivery), equity futures & options, and currency derivative trading segments at the lowest brokerage of Rs 15/order. However, investment in shares is brokerage-free.
Open a free ProStocks trading and demat account and enjoy trading by paying just Rs 15 per trade irrespective of the segment you are trading in.
Yes, ProStocks, the Mumbai-based discount stockbroker is a SEBI-registered broker with registration number INZ000048660. It is also an active trading member with BSE and NSE to facilitate customers to trade in equity cash, equity derivatives, and currency futures & options segment.
ProStocks Star mobile app is a single app to trade on BSE and NSE exchanges. ProStocks app facilitates you to buy and sell shares instantly at your fingertip anytime anywhere.
ProStocks users can withdraw money from their trading to a bank account by placing a fund payout request for free. The withdrawal request can be placed online on web, app, and desktop trading platforms. You can withdraw an amount equal to or less than the Max Payout balance.
Steps to withdraw money from ProStocks app
Steps to withdraw money in ProStocks Star web
All the withdrawal payout requests at ProStocks are processed within 24 hours means it may take upto 24 hours to transfer funds from ProStocks to your primary bank account. If a client has submitted the payout request on or before 5 PM from Monday to Friday then the request will be processed at 7PM and funds will be credited to client’s bank account next day. Payout order on holiday will be processed on the next trading day.
There are many reasons that attracts traders and investors to open an account with ProStocks for trading and investment.
Adding money to your ProStocks account through UPI is free while if you choose to transfer funds to the trading account then, Rs 9 + GST payment gateway fee is levied by the broker. If you have an account in HDFC and Yes bank, then funds added to ProStocks via any mode (UPI and Net banking) are free at zero fund transfer fee.
ProStocks due to the cheapest flat Rs 15 pricing can be your preferred broker for trading. Follow below steps to start trading with ProStocks at the lowest brokerage;
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ProStocks
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average