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Product Details
Brokerage and Fees
  • Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): Zero brokerage.

  • Brokerage Charge For Intraday Trading: INR 15 per trade.

  • Brokerage Charge For F&) Trading: INR 15 per trade.

  • Annual Maintenance Charge: INR 0.

  • Payment Gateway Charges Netbanking: INR 0

  • Payment Gateway Charges UPI: INR 0

  • Overdue Interest Charges: 1.5% on the delayed amount. 

  • Monthly Platform Fee: INR 0

  • Digital KYC Charges: INR 0

  • Physical Settlement Charges: N.A.

  • Call & Trade Order: Intraday and F&O: INR 10 per trade. Delivery: INR 25 per trade.

Account Opening Fees

INR 0

Eligibility
Any Indian Individual/Corporate/ NRI can apply
Annual Fees

INR 0

ProStocks Flat Fee Trading Plan
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ProStocks Review

Special Features

0 charges on equity delivery and flat fee of INR 15 for F&0.

Features
Cons
  • Not backed by any major financial group. 

  • Limited insight are offered by ProStocks in relation to general market movements in comparison to older players. 

Pros
  • Flat brokerage.

  • INR 0 brokerage on equity delivery.

  • 24x7 Customer Service: ProStocks offers round-the-clock customer service through their advanced interactive Voice Response (IVR) system. 

  • Simple and clean user interface. 

Pros and Cons
How to Apply?

ProStocks offers two methods for opening a trading account: online and offline. Here's a breakdown of both options:

Online Account Opening:

  1. Visit ProStocks Website: Head over to the ProStocks account opening page: https://www.prostocks.com/open-an-account.html

  2. Fill Out the Online Application: Provide your basic details like name, phone number, and email address.

  3. Verify Phone Number: You'll receive a One-Time Password (OTP) on your mobile number for verification. Enter the OTP to continue.

  4. PAN Details and Date of Birth:  Fill in your PAN Card number and Date of Birth information.

  5. Detailed Online Application: The platform will guide you through a comprehensive online application form. Here, you'll need to provide personal information like address, occupation, and income details.

  6. Document Uploads:  Scan and upload copies of the following required documents:PAN Card (mandatory)
    Proof of Address (Aadhaar Card, Driving Licence, Voter ID, or Passport)
    Cancelled Cheque from your bank account (linked to your trading account)
    Passport-sized Photograph (optional)

  7. KYC Verification:KRA Verification (Optional): If your KYC (Know Your Customer) details are already registered with the Central KYC Registry (CKYC), you can opt for instant verification, eliminating the need for physical document submission.
    e-Sign (if not KRA verified): If not KRA verified, you'll need to e-sign the online account opening form electronically.

  8. Account Opening Confirmation: Once all steps are completed and your information verified, your ProStocks account will be opened. You'll receive confirmation and login credentials via email.

Offline Account Opening:

  1. Visit ProStocks Branch: Locate a ProStocks branch near you. Branch locators can be found on their website: https://www.prostocks.com/

  2. Assistance from Representative:  A ProStocks representative will be available to assist you with the application process.

  3. Physical Application Form:  You'll need to fill out a physical application form and provide original copies of the required documents mentioned earlier (PAN Card, Proof of Address, Cancelled Cheque, Passport-sized Photograph).

  4. Further Guidance: The representative will guide you through further steps and answer any questions you may have.

  5. Account Activation: After processing and verification, your account will be activated, and you'll receive login credentials.pen_spark

Documents Required
  • Aadhaar.

  • PAN.

  • Bank Account

Account Opening and Procedures
ProStocks

ProStocks offers a unique proposition in the Indian discount brokerage game: flat fee pricing with no added charges. If you're a beginner or value-conscious trader who prioritizes low costs and ease of use, ProStocks is worth trying. However, if you rely heavily on advanced research or require a bug-free mobile app, it's wise to compare against other brokers before making your decision.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
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