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ProStocks Review 2023

Rated 4/5 by InvestorGain Team
Last updated on: 7-Sep-2023
ProStocks Review
ProStocks Offers Free delivery trade and flat Rs 15 per order for Intraday and F&O.
Unlimited monthly plan for Algo Traders.

ProStocks Review 2023 - Quick Summary

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.

ProStocks Top Highlight for 2023

  • Zero Brokerage delivery trading.
  • Flat pricing model at Rs. 15 per order brokerage fee.
  • Trade at Rs. 0 brokerage with Rs. 899 Unlimited equity and equity derivative monthly trading plan.
  • Unlimited Currency Trading Plan at Rs. 499 monthly charges.
  • Free account opening and Lifetime AMC free Demat Account.
  • Open Free Prostocks Account instantly with Aadhaar number.
  • Lowest NRI Trading Brokerage fee at Rs. 100 per executed order.
  • Powerful online trading platform including free Prostocks mobile app, website, and installable trading terminal.
  • ProStocks Star API for algo trading is available to residents and NRI clients.

About ProStocks

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.

ProStocks Promotion Offer

Current promotion offere from Prostocks for InvestorGain Visitors:

  • Lifetime Zero Demat AMC Account
  • Free delivery Trading
  • Rs. 15 flat brokerage charges.
  • Unlimited Trading at Rs. 0 brokerage with monthly plans.
Open Instant ProStocks Account Now!
Request call back from ProStocks

ProStocks Brokerage Plan, Fees and Charges

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.

ProStocks Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 0 (Rs 1000 Refundable Deposit)

ProStocks Brokerage Plan with closest competitors

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 20
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 20 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 20 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 20 whichever is lower
Equity Options Flat Fee Rs 15 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
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

Other Charges

  • Call & Trade Charges: Delivery Rs 25, Intraday and F&O Rs 10 per executed order
  • RMS Auto Square Off Charges: Delivery Rs 25, Intraday and F&O Rs 10 per executed order
  • Hidden Charges: No
  • Net banking payment gateway charges: Rs. 9 each fund transfer.

For complete brokerage charges and trading plans detail please visit ProStocks Brokerage Charges.

Please refer unique and accurate ProStocks Brokerage Calculator

Type of Account offered by ProStocks

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 Demat & Trading Account

  • 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.

ProStocks NRI Trading Account

  • 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.

How to open ProStocks Account online?

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;

  1. Head to the ProStocks website.
  2. Click on the Open Account! option on the top.
  3. Now, proceed with “Fill Online Application”.
  4. Complete registration: Enter name, PAN number, email, residential status, and mobile number.
  5. Click on the “Generate OTP” option and enter the 4-digit OTP sent to your mobile number.
  6. Verify PAN details by entering PAN number and DOB as per PAN.
  7. Enter identity details; nationality, gender, marital status, parents’ name, and address.
  8. Add Bank account details; Bank name, account number, IFSC code, and select trading preferences.
  9. Enter additional details, and click on the “Select and Pay”
  10. Submit documents: Photo, Aadhaar card, address proof, PAN card, and a canceled cheque leaf.

Note: After the successful document verification, you will receive ProStocks login credentials on your mail to access Prostocks trading platforms.

Unlimited trading plan@899 PM best for algo traders.
Rs 999 for API Access

Alternatives to ProStocks

 Demat Account
 Demat Account
 Demat Account
 Demat Account

ProStocks Mobile App and Trading Platforms

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 Star Mobile App

  • 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 Website

  • 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 Terminal

  • 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.

ProStocks Star API

  • 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.

ProStocks Trading Pros

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

ProStocks Trading Cons

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

ProStocks Customer Care info

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.

Final thought about ProStocks

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.

Request call back from ProStocks

Last updated on: 2023-09-07


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;

  1. Log in to the ProStocks account on the app.
  2. At the bottom, tap on your Client Code.
  3. Go to the “Funds” option and hit “Add Funds”
  4. In the payment method, select “UPI”
  5. The page will display a VPA ID.
  6. Now, log in to your UPI app, add the VPA on the app, and do a fund transfer.
  7. Once the funds are added to the trading account, limits will be updated instantly.


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.

  1. Log in to the ProStocks Star app.
  2. On the search option, enter the scrip name, click on “+” sign to add it to the watchlist.
  3. Tap on the Buy or Sell option respective to the scrip/stock of your choice.
  4. Enter quantity (no. of shares), price, product and order type (Market/Limit).
  5. Click on the “Buy” button to place the order.


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

  1. Log in to the ProStocks mobile app.
  2. Go to your “Profile”
  3. Tap on Funds, and hit “withdraw”
  4. Enter the amount you wish to withdraw to your bank account.
  5. Submit the payout request.

Steps to withdraw money in ProStocks Star web

  1. Log in to the ProStocks star trading website.
  2. On the dashboard, tap on “Withdraw” option.
  3. A fund withdrawal order page will be displayed on the screen.
  4. Enter an amount to withdraw and tap “Ok” button.
  5. The page will display the pay-out request message.


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.

  • Instant paperless account opening at zero fees.
  • Lifetime AMC free Demat account.
  • Free delivery trading at Rs 0 brokerage.
  • Pay Rs 15 per trade brokerage on intraday and F&O trades.
  • Pay zero brokerage with unlimited monthly trading plans.
  • Simple yet powerful web, app, and desktop trading platform.
  • No proprietary trading and zero hidden charges.


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;

  • Open a trading and demat account with ProStocks.
  • Log in to web, app, or desktop trading platform.
  • Add the stock to the watchlist.
  • Place an order of your choice; intraday, delivery, etc. That’s done!


ProStocks User Reviews

34. Sumit Das May 25 2022 12:27:38 PM Reply
i will rate later about maintenance and and customer service


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
33. Gopal R Aug 27 2021 12:11:14 PM Reply
Friends don''t waste your time and hard earned money through this worst platform even customer care services are handled by unskilled workers.
32. Arunkumar Nov 21 2020 06:46:24 AM Reply
It will be real SERVICE to the customer incase features like SMALLCASE AND DEBENTURES AND BOND TRADING ADDED


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
31. Akash Oct 12 2020 09:21:14 PM Reply


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
30. Satheesh Aug 28 2019 01:03:06 PM Reply
I strongly recommend for prostocks for their services, very low broking cost, good customer support, good trading platform,user friendly backoffice, stampduty is max 50Rs only , even we belong to the state charging 0.006%, no stockbrokers in India give this verylow cost with good services, because I experienced many stockbrokers, Traders and investors save lot money comparing other brokers
29. Vamsi Krishna Reddy Jun 04 2019 05:15:15 PM Reply
Very Good for option traders who trade huge lots of options.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
28. lakshmi Apr 29 2019 01:06:25 AM Reply
Does prostocks offer basket order facility? Actually I will be trading heavily and even 20 rupees or 9 rupees will be very high for me. A fixed monthly charge of 1000 or less will suit me. But I need to place multi legged market orders. Hence I want basket order facility. Please do not call me as the number given is incorrect. Please email and I will open an account through you.
27. Mukesh Dabholkar Jan 25 2019 08:16:09 PM Reply
I want to start trading. I want to start trading with Equity.
1- How much fees is need to open an account?
2- how much minimum amount required to deposit in account to start trading.
26. atul Jan 22 2019 11:09:07 AM Reply
Can you providing customer support and trading tips?
25. bharathi ml Dec 14 2018 08:59:24 AM Reply
are u provide commodities trading