Prostocks – Broker review| Comparing brokerage charges & Trading platforms

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Prostocks – Broker review| Comparing brokerage charges & Trading platforms

ProStocks Review

ProStocks Stock Trading, Demat, Brokerage and Reviews 2018

ProStocks is one of the fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is well known for the unlimited trading plan which offers unlimited Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. Through this plan, a trader saves around 60% to 99% on brokerage. Rs.15 per executed order is charged by ProStocks which is useful for traders.

ProStocks tenders trading in equity delivery, equity intraday, equity derivatives (F&O) and currency derivatives (F&O) segments at BSE and NSE. The trading platform offers trading though installable trading terminal, website and mobile app; to all the customers free of cost. NSE NOW trading platform is also provided in addition to this.

ProStocks offers Demat + Trading account which is a 2-in-1 account. This helps the investors to transact with ease.

Call & trade through dealer is charged at additional Rs 10 per trade which is the cheapest when compared with other brokers along with low stamp duties. Contarct notes are processed and executed by them for client residents outside Maharashtra at their registered office at Daman and charge them stamp duty at the rates applicable in the Union Territory of Daman and Diu which is maximum of Rs 50 per day.

Special Offer: Get Free Trading + Demat Account for limited time. Get the offer.

Trading Platforms offered by Prostocks

Trading applications are offered free to clients in 3 ways.

ProStocks Web

ProStocks Web is mainly for casual investors and traders. The website does not require any platform and is accessible through any web browser and from any computer with internet connection. The real time access to market data with live quotes, news and accesses to multiple markets and segments fulfils the needs of traders.
ProStocks Desktop

This is an installable trading terminal mainly for recurrent traders who require advanced trading tools, intra-day charts tick by tick, multiple markets & segments in a single window which faster order entry and execution. 100’s of orders can be placed by the dealers using this terminal each day.
ProStocks Mobile

An exclusive mobile trading app developed mainly for those who trade on the go from wherever they are. This is compatible with Apple and Android devices. ProStocks mobile is secure and easy to use.

ProStocks Special Offers

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

ProStocks Brokerage Charges 2018

ProStocks Trading Account Opening Charges: Rs 0
ProStocks Demat Account Opening Fee: Rs 0
Trading Annual Maintenance Charges (AMC): Rs 0
Demat Account Annual Maintenance Charges (AMC): Rs 0 (with Rs 1000 one time refundable deposit)

ProStocks Trading Brokerage Charges

Equity Delivery Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
Equity Future Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
Equity Options Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
Equity Intraday Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
Currency Futures Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)
Currency Options Trading Brokerage: Rs 15/trade (Flat Fee Plan) or Rs 0/trade (Unlimited Trading Plan)

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 for all states in India and NRIs: * Except customers from Maharashtra, all customers pay stamp duty of Union Territory of Daman and Diu which is 0.01% (Max Rs 50 per day).
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 15 per Crore.

Other Charges:

Call&Trade: Rs 10 per executed order. Note that this is lowest among discount brokers.
Digital contract notes are sent through email only. Physical copies of contract notes can be ordered at additional charge of Rs 50 per contract. Courier charges are extra.
Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
DP charges for delivery based equity selling - Rs 8 per transaction.
Standard NSE charges, transaction charges and statutory levies are charged as shown in above table.

ProStocks Membership Information:

ProStocks is a registered stock broker and a depository participant. ProStocks is member of BSE and NSE. ProStocks SEBI registered a Trading Member and Demat Account service provider.

ProStocks Charges in Detail

ProStocks Charges	Equity Delivery	Equity Intraday
Brokerage (Flat Fee Plan)	Rs 15/Trade	Rs 15/Trade
Brokerage (Unlimited Plan)	Rs 0	Rs 0
STT	0.1% on both Buy and Sell	0.025% on the Sell Side
Transaction Charges	NSE: Rs 325/Cr \| BSE: Rs 275/Cr	NSE: Rs 325/Cr \| BSE: Rs 275/Cr
Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
SEBI Charges	Rs 15/Crore	Rs 15/Crore
Stamp Charges*	0.01% (Max Rs 50 per day)	0.01% (Max Rs 50 per day)

ProStocks F&O Brokerage	Futures	Options
Brokerage (Flat Fee Plan)	Rs 15/Trade	Rs 15/Trade
Brokerage (Unlimited Plan)	Rs 0	Rs 0
STT	0.01% on Sell Side	0.05% on Sell Side(on Premium)
Transaction Charges	NSE: Rs 190/Cr \| BSE: Rs 50/Cr	NSE: Rs 5000/Cr \| BSE: Rs 2500/Cr
Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
SEBI Charges	Rs 15/Crore	Rs 15/Crore
Stamp Charges*	0.01% (Max Rs 50 per day)	0.01% (Max Rs 50 per day)

ProStocks Charges	Currency Futures	Currency Options
Brokerage (Flat Fee Plan)	Rs 15/Trade	Rs 15/Trade
Brokerage (Unlimited Plan)	Rs 0	Rs 0
STT	No STT	No STT
Transaction Charges	NSE: Rs 110/Cr \| BSE: Rs 10/Cr	NSE: Rs 4000/Cr \| BSE: Rs 10/Cr
Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
SEBI Charges	Rs 15/Crore	Rs 15/Crore
Stamp Charges*	0.01% (Max Rs 50 per day)	0.01% (Max Rs 50 per day)

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 for all states in India and NRIs: * Except customers from Maharashtra, all customers pay stamp duty of Union Territory of Daman and Diu which is 0.01% (Max Rs 50 per day).
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 15 per Crore.

Other Charges:

Call&Trade: Rs 10 per executed order. Note that this is lowest among discount brokers.
Digital contract notes are sent through email only. Physical copies of contract notes can be ordered at additional charge of Rs 50 per contract. Courier charges are extra.
Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
DP charges for delivery based equity selling - Rs 8 per transaction.
Standard NSE charges, transaction charges and statutory levies are charged as shown in above table.

ProStocks Demat Account Charges:

ProStocks also offers Demat account (DP services) to its customers. ProStocks demat charges:

ID	Transaction	Charges
1	Demat Account Opening Charges	Rs 0
2	Stamp Charges payable Profront (at actuals)	Rs 50
3	Annual Maintenance Charges (AMC):
	a. Individuals	Rs 0 Per Year (with Rs 1000 refundable deposit)
	b. Corporates	Rs 0 Per Year (with Rs 1000 refundable deposit)
4	Transaction Charges per ISIN (Market Trades):
	a. Buy (Receive)	Rs 0
	b. Sell(Debit)	Rs 8 + Rs 5.50 flat for every debit transaction
5	Inter Depository Transfer (Off-Market Trades):
	a. Buy (Receive)	NIL
	b. Sell(Debit)	0.02% or Rs 20 whichever is higher
6	Demat (Per certificate)	Rs 50
7	Remat (Per ISIN)	Rs 50
8	Courier charges per Demat/ Remat request	Rs 50
9	Pledge per ISIN	Rs 50
10	Unpledge per ISIN	Rs 50
11	Pledge Invocation per ISIN	Rs 50
12	Periodic Statement:
	a. By Email	Free
	b. Physical	Rs 50 (Couier Charges)
13	Adhoc / Non Periodic Statement Requests:
	a. By Email	Rs 10 per request
	b. Physical	Rs 50 per request (up to 10 pages). Additional page at Rs 5 + Rs 50 (Couier Charges)
14	Delivery Instructions:
	a. First Delivery Instruction Book	Free (10 leaves)
	b. Every Additional Booklet	Rs 100 (10 leaves)
15	Cheque Bounce/ Per cheque	Rs 250
16	Failed Transactions	Rs 50 per transaction
17	Modification in CML	Rs 25 per request
18	KRA Upload / Download	Rs 50

Useful Articles:

The Top 10 Reasons to Trade with ProStocks
ProStocks Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)

Get detail about ProStocks pricing, ProStocks brokerage calculater, ProStocks brokerage, ProStocks plans, ProStocks brokerage review, ProStocks brokerage plans, ProStocks fund transfer, ProStocks intraday brokerage, ProStocks charges, ProStocks charge list, ProStocks charges calculator, ProStocks prepaid brokerage plans, ProStocks yearly charges, ProStocks fees, ProStocks yearly maintenance charge, ProStocks option brokerage and ProStocks trading charges.

How to open account with ProStocks?

ProStocks is among the very few brokers who offer 100% online account opening. With PAN Number and Aadhar card with you, you can open an account in just few minutes. There is no PDF download, Print forms, signing paper and courier it to the broker.

Click here to open an account with ProStocks online.

Get information about ProStocks broker, ProStocks branches, ProStocks sub broker, ProStocks support, ProStocks customer care, ProStocks user reviews, ProStocks user manual, ProStocks website, ProStocks review and ProStocks toll free number

ProStocks Pros and Cons

ProStocks Advantages

Monthly Trading Plan - The Rs 899 Equity & Equity F&O and Rs 499 Currency monthly plans are among the cheapest in Indian brokerage industry. It literally offers unlimited trading in a month. Rs 15/trade plans fits well for casual stock market investors.
Lowest Stamp Duty - Customers (except from Maharashtra) pays stamp duty of 0.01% (max Rs 50 per day). This offers great savings to frequent traders.
Lowest Transaction Charges - They charge lowest transaction change (guaranteed) as they do not include PCM Fee to it unlike most other flat rate brokers including Zerodha and RKSV.
ProStocks Call & Trade is lowest among discount brokerage industry. They charge Rs 10 per executed order. The competitors including Zerodha and RKSV charges Rs 20 per trade.
ProStocks offers 2-in-1 account (Demat + Trading Account). The 2-in-1 account offers seamless transactions between these 2 accounts.
Demat Account AMC - The Demat account comes with Rs 0 AMC when you pay one time refundable deposit of Rs 1000. Other broker charges Rs 600 to Rs 1000 AMC everywhere.
Trading Platform - ProStocks trading platform is among the best in the industry. The website, terminal and mobile app are all free and fully functional trading apps.
Customer Service - As per the response from most customer, ProStocks has exceptionally well customer service.
Referral Service - ProStocks offer 10% brokerage referral for customer referred by the client.
24x7 customer service though Advance Interactive voice response(IVR).
ProStocks doesn't have Prop Trading. This means your money is safe with them

ProStocks Disadvantages

No 3-in-1 Account - ProStocks doesn’t offer 3-in-1 account as they do not offer banking services. They offer trading and demat account.
No Commodity Trading - ProStocks has not yet launched commodity trading. Broker says they have plans to offer the commodity trading in near future.

Useful links about ProStocks

The top 10 reasons customers choose ProStocks for trading

ProStocks Membership Information:

ProStocks is a registered stock broker and a depository participant. ProStocks is member of BSE and NSE. ProStocks SEBI registered a Trading Member and Demat Account service provider.

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

Top 10 Stock Brokers

ProStocks Stock Trading, Demat, Brokerage and Reviews 2018

Trading Platforms offered by Prostocks

ProStocks Web

ProStocks Desktop

ProStocks Mobile

ProStocks Special Offers

ProStocks Brokerage Charges 2018

ProStocks Trading Brokerage Charges

ProStocks Fee Structure:

Other Charges:

ProStocks Membership Information:

ProStocks Charges in Detail

Other Charges:

ProStocks Demat Account Charges:

Useful Articles:

How to open account with ProStocks?

ProStocks Pros and Cons

ProStocks Advantages

ProStocks Disadvantages

Useful links about ProStocks

ProStocks Membership Information: