Best ProStocks Best Brokerage Review, Demat, Charges, Margin 2020

ProStocks a venture of Sunlight Broking is one of the top brokerage firms of the country which allows the customers to make investment and trade in the stocks which are listed in the Indian Stocks Market. The customers may trade on the NSE and BSE in the segments which include Equity Cash, Currency Derivatives, Depository Services, and Equity Derivatives.

They offer stock trading services at an extremely low brokerage fee as compared to traditional stock brokers. An average client saves anything between 60%-99% brokerage while trading with ProStocks. They offer stock trading services at such a low fee because of managing the expenses efficiently and upfront investment in terms of technology for reducing the cost of the transactions as the volume rises. They are online brokers and they don’t have overheads like RMs, branches, costly advertisements, etc.ProStock broker review

ProStock History

ProStocks team comprises of engineers, chartered accountants as well as designers. They make sure that every product they design is as per the highest standards. They keep their clients as their first priority. They have devised strong trading platforms as well as customer support system for building the trust amongst their clients. They follow client-centric transparent and totally ethical practices as per the highest standards of corporate governance. That is why they are one of the most preferred financial services for the clients.

ProStock Team

They have a team of professionals who understand the complexity of trading and investment in the stock markets. They make sure that their trading platforms and back-office are simple, focus as well as understandable. But with everything they do, they make sure that they never deviate from their goal.

The stock market plays the role of a tool for people who are interested in wealth creation, generation of annual returns more than other asset classes. But still retail participation is extremely low in our country. Thus, the aim of this brand is mainly to empower the young generation for taking ownership of their future and that too with total transparency.

Why should you choose ProStocks?

  1. Pricing,
  2. Platform and technology,
  3. Customer Support,
  4. Next Generation Trading Platforms.

 

Pricing

· There are 3 plans to choose from on the basis of the trading requirements of the investors
· Flat rate of Rs. 15 for every executed order
· Unlimited equity and equity derivatives every month in return of Rs. 899 a month
· Unlimited currency derivatives trade every month in return of Rs. 499 a month
· Unlimited equity and equity derivatives trade a year in return of Rs. 8,999 a year
· Unlimited currency derivatives trade in return of Rs. 4,999 a year
· Lowest trade and call charges i.e. Rs. 10 for every executed order in discount brokerage domain
· Zero professional clearing member fee- they do not charge a PCM fee as other brokers do
· Low stamp duty- the investors just need to pay a maximum of Rs. 50 for a day
· They charge the same pricing for F&O, Equity and currency across different exchanges

Platform and the technology

· It offers some of the personal favorite trading platforms to investors including ProStocks mobile, ProStocks Web and ProStocks desktop
· They offer a free of cost software for website, desktop, and mobile for the investors
· They offer free of cost technical charts as well as quotes for LIVE streaming for all the clients
· They have the most well advanced back end software
· Their mobile trading application is still the most powerful one in the industry

ProStocksSupport

Prostocks offer Instant account opening options without any paperwork with just your Aadhar card. You don’t even have to print or put your signature on any form. You can open your account within just a couple of minutes.
· The investors get a well-dedicated support website for all their FAQs, blogs and online assistance tickets
· They offer assistance to investors through phone, email and support website
· They also have well-integrated customer support, help desk software for having a complete 360 degrees view of the issues of the clients and for offering a quick resolution to them
· They do the hand holding exercise for beginners
· They do not offer the option of prop trading because their rivals who offer this option carry prominent risks for the investors
· They have a very basic and simple model of pricing and there are no hidden charges
· They charge first flat charge with the lowest charges of exchange transactions
· Their referral program helps the investors in earning more money by simply referring more people
· Their team comprises of well experienced and knowledgeable people

ProStock Trading Platform

Their exclusive trade platform has been planned for offering a high standard trading experience to the investors.
They offer a free of cost desktop, mobile and web version of the trading software. They have implemented advanced tools for charting and advanced management system protocol for making sure that their investors get the best platform for trading.

They have designed software for trading which is meant for beginners as well as the frequent traders. They have professional tools as well as charts that help the investors in not wasting their time on the lengthy calculations and concentrate on spending their valuable time in something more important.

ProStocks Desktop 

Innovative trading platforms have been designed for offering an edge to the investors. Today the financial industry has become extremely competitive. As an investor you will require tools for trading effectively. These tools are very important for planning an extensive trading strategy. Their trade terminal has been designed for helping the investors strategize with the help of tools for analyzing the pricing movements, identifying and measuring the strength of the trends in the market and then accordingly planning your move.ProStock desktop

ProStocks web

The brand has a very powerful and user-friendly website for trading which works swiftly on the browser. Their web-based app can be used across the website as an interface. You may even access the app from your computer once it is connected to the internet with the help of the standard browser in place of using an app that has been downloaded on the local computer. They have an extremely rich HTML 5 browser for trading which gives the users the freedom of trading safely from anywhere with the help of real-time convenience to quotes, news and trading. It has all the features of a desktop terminal within the browser window.

ProStocks web is the browser-based interface for trading. Its 100% safe, secure as well as a reliable platform for trading and that is why one of the best in the industry. It offers maximum convenience of trading as well as real-time access to the data of the market.ProStock web

ProStocks mobile application 

The mobile app is sleek, secure as well as the self-directed app. It offers the convenience of trading while you are on the go.ProStock Mobile

Prostocks Brokerage Charges 2019

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

ProStocks Trading Brokerage Charges

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

ProStocks Charges in Detail

ProStocks Charges Equity Delivery Equity Intraday
Brokerage
(Flat Fee Plan)
₹15/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction Charges NSE: ₹325/Cr | BSE: ₹275/Cr NSE: ₹325/Cr | BSE: ₹275/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹10/Crore ₹10/Crore
Stamp Charges* 0.01% (Max ₹50 per day) 0.01% (Max ₹50 per day)
ProStocks F&O Brokerage Futures Options
Brokerage
(Flat Fee Plan)
₹15/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction Charges NSE: ₹190/Cr | BSE: ₹50/Cr NSE: ₹5000/Cr | BSE: ₹2500/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹10/Crore ₹10/Crore
Stamp Charges* 0.01% (Max ₹50 per day) 0.01% (Max ₹50 per day)
ProStocks Charges Currency Futures Currency Options
Brokerage
(Flat Fee Plan)
₹15/Trade ₹15/Trade
Brokerage
(Unlimited Plan)
₹0 ₹0
STT No STT No STT
Transaction Charges NSE: ₹110/Cr | BSE: ₹10/Cr NSE: ₹4000/Cr | BSE: ₹10/Cr
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹10/Crore ₹10/Crore
Stamp Charges* 0.01% (Max ₹50 per day) 0.01% (Max ₹50 per day)

 

ProStocks Other Charges:

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

ProStocks Demat Account Charges

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

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

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