Know Your Broker: ProStocks Review, Brokerage Plans, Margins and Customer Care

ProStocks Products

The segments that you can invest are equity, currency, futures, and options.

Equity
Commodity
Currency

Futures
Options

ProStocks Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.

ProStocks Desktop
ProStocks Web

ProStocks Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

ProStocks Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, IPO platform, Bonds & Debt, Exchange Traded Funds, etc.

Mutual Funds
IPO Platforms
Bonds & Debt

Exchange Traded Funds
Insurance

ProStocks Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS Alerts, Margin Funding, Margin Against Share, etc.

3 in 1 Account
Free Recommendations
Free Research Reports

SMS Alerts
Margin Funding
Margin Against Share

ProStocks Pros

These are the benefits of Prostocks.
- Monthly Forex Trading Plan – The Rs 899 Equity & Equity F&O monthly plans and the Rs 499 Currency monthly plan are amongst the most affordable in Indian brokerage. You can trade unlimited in a single month. For casual stock market investors, the Rs 15/trade plan is a good choice.
- The lowest transaction charges - They don't charge any PCM Fees, unlike other flat-rate brokers like Zerodha or RKSV.
- ProStocks Call & Trade has the lowest price among discount brokerages. They charge Rs 10 for each executed order. Zerodha and RKSV are competitors. They charge Rs 20 per trade.
- Online Application You can apply directly for new IPOs (Initial Public Offerings) with a ProStocks Account.
- ProStocks has 2 in 1 account (Demat + Trading Account). These accounts can be linked seamlessly using the 2-in-1 account.
- Demat Account AMC The Demat account comes standard with Rs 0 AMC if you make a one-time refundable deposit of Rs 1,000. Other brokers charge Rs 600-Rs 1000 AMC all over.
- Trading Platform ProStocks trading platform ranks among the top in the industry. All three trading apps are free, including the website, terminal, and mobile app.
- Customer Support - According to most customers, ProStocks provides exceptional customer service.
- Referral Service ProStocks offers 10% brokerage referral for customers referred by clients.
- Advanced Interactive Voice Response (IVR) provides 24x7 customer support
- ProStocks does not offer prop trading. ProStocks doesn't offer prop trading. This means that your money is safe.

ProStocks Cons

These are the Cons of Prostocks.
No 3-in-1- ProStocks does not offer a 3-in-1 account because they don't offer banking services. They offer trading and Demat accounts.
No Commodity trading- ProStocks is not yet offering commodity trading. The broker claims they plan to offer commodity trading in the near future.

Our Conclusion

Prostocks is a new broker in the Discount Broker market. They don't have a large customer base. Our Expertise suggests that you only choose this broking house if your business is trading. It is not recommended for investors. You should not invest unless you have good trading experience.