ProStocks
What is Prostocks ?
ProStocks is a discount stockbroker in India, launched in 2016 by Sunlight Broking LLP, aiming to offer ultra-low-cost trading services. It provides zero brokerage on equity delivery and ₹15 per executed order for intraday and F&O. The platform is popular among high-volume traders and NRIs for its cost efficiency and advanced tools. It offers trading in equities, derivatives, and IPOs via web, mobile, and desktop apps. ProStocks also features no AMC on demat accounts and user-friendly interfaces. The company is headquartered in Mumbai and serves clients across India. Its transparent pricing and solid support make it a trusted choice.
Where and When: ProStocks' Origin Story
- Founded in February 2016 by S. P. Toshniwal, a CA with over 25 years in Indian capital markets, under Sunlight Broking LLP in Mumbai and Daman prostocks.com+12prostocks.com+12prostocks.com+12.
- Registered with SEBI, NSE, BSE, and acts as a CDSL Depository Participant A Digital Blogger+9prostocks.com+9Investor Gain+9.
Why It Was Launched
- Toshniwal saw traditional brokerages keeping huge brokerage margins.
- He wanted a tech-first, low-cost, no-branch model that saves users 60–99% on fees thefinancepoint.comprostocks.com+1Apple+1.
- ProStocks launched to bring flat-fee trading and transparent brokerage to retail investors.
What ProStocks Offers: Products & Services
1. Equity Trading
- Delivery trading: ₹0 brokerage
- Intraday, Futures & Options, Currency trading: Flat ₹15 per trade thefinancepoint.com+13prostocks.com+13Investor Gain+13Investor Gain+1Investor Gain+1
2. Unlimited Monthly Plans
- ₹899/month for unlimited equity + F&O
- ₹499/month for unlimited currency trades Apple+7Investor Gain+7Investor Gain+7
3. Account & Onboarding
- Free, paperless e-KYC using Aadhaar/PAN
- Lifetime AMC-free Demat (₹1,000 refundable deposit) Investor Gain+3prostocks.com+3prostocks.com+3
4. Trading Platforms
- Desktop Terminal: Full-featured charts, indicators, watchlists Investor Gain+9A Digital Blogger+9Investor Gain+9
- Web Platform: Same advanced tools accessible in browser
- Mobile App (ProStocks Star): Lightweight (~6MB), ~10K+ downloads, 3.9★ on Play Store prostocks.com+7prostocks.com+7prostocks.com+7prostocks.com+15Google Play+15Apple+15
5. Call & Trade
- ₹10/trade for intraday/F&O, ₹25 for delivery — as backup A Digital Blogger+11Investor Gain+11Investor Gain+11
6. NRI Accounts
- Support NRO Non-PIS accounts; flat ₹100 per executed order
- No PIS hassles, supports equity + derivatives prostocks.com+7prostocks.com+7prostocks.com+7Chittorgarh+3Investor Gain+3Investor Gain+3
7. ProStocks Star API
- Algo-trading ready, market data, order execution, bracket & cover orders
- ₹1,000/month for API access; ₹2,000 if you want historical data prostocks.com
8. Upcoming Add-ons
They plan to add mutual funds and commodity trading soon prostocks.com+1Investor Gain+1
- Founded in February 2016 by S. P. Toshniwal, a CA with over 25 years in Indian capital markets, under Sunlight Broking LLP in Mumbai and Daman prostocks.com+12prostocks.com+12prostocks.com+12.
Business News
How It Works: User Journey
- Easily open an account online — Aadhaar OTP sign-in
- Fund your account via UPI (instant & free) or net banking (₹9+GST; free via HDFC/Yes Bank) prostocks.com+6prostocks.com+6A Digital Blogger+6Investor Gain
- Pick a pricing model: ₹15 per trade or unlimited monthly plan
- Trade using desktop/web/mobile with real-time markets
- Track holdings, P&L, margin in unified dashboard
Key Events & Updates
- Maintains no proprietary trading, no PCM charges, transparent governance prostocks.com+4Investor Gain+4Investor Gain+4A Digital Blogger+3prostocks.com+3Chittorgarh+3Google Play+7prostocks.com+7Investor Gain+7
- June 2025: Updated SEBI compliance for third-party product transparency
- 2024–2025: Ongoing platform improvements and competitive brokerage offers
What Users Say: Feedback & Reviews
Positive Feedback
- “Better than all major/discount brokers…support staff transferred me to the owner immediately.” – Shree prostocks.com
- “First trading experience was scary but ended up pleasant…excellent system.” – Fuad Kidwai prostocks.com
- ₹0 delivery trades, ₹15 flat, unlimited plan praised for value
- Easy NRI account opening and support, direct founder involvement prostocks.com
👎 Criticisms & Concerns
- Mobile app can be laggy and outdated compared to Zerodha/Upstox Investor Gain+2Investor Gain+2Investor Gain+2
- Low intraday margin compared to competitors
- No commodity trading, SME IPO access, or advisory tools
- A negative review called it “cheater…account will soon empty” on MouthShut MouthShut
- “Better than all major/discount brokers…support staff transferred me to the owner immediately.” – Shree prostocks.com
Quick SWOT Summary
|
Strengths
|
Weaknesses
|
|---|---|
ProStocks is best known for ultra-low fees, transparent pricing, and NRI-friendly services, backed by responsive support. It’s a strong fit if you’re a high-frequency trader or cost-conscious investor—but might not suit advanced traders or those seeking a broader product suite.
Why It Was Launched
- Toshniwal saw traditional brokerages keeping huge brokerage margins.
- He wanted a tech-first, low-cost, no-branch model that saves users 60–99% on fees thefinancepoint.comprostocks.com+1Apple+1.
- ProStocks launched to bring flat-fee trading and transparent brokerage to retail investors.
What ProStocks Offers: Products & Services
1. Equity Trading
- Delivery trading: ₹0 brokerage
- Intraday, Futures & Options, Currency trading: Flat ₹15 per trade thefinancepoint.com+13prostocks.com+13Investor Gain+13Investor Gain+1Investor Gain+1
2. Unlimited Monthly Plans
- ₹899/month for unlimited equity + F&O
- ₹499/month for unlimited currency trades Apple+7Investor Gain+7Investor Gain+7
3. Account & Onboarding
- Free, paperless e-KYC using Aadhaar/PAN
- Lifetime AMC-free Demat (₹1,000 refundable deposit) Investor Gain+3prostocks.com+3prostocks.com+3
4. Trading Platforms
- Desktop Terminal: Full-featured charts, indicators, watchlists Investor Gain+9A Digital Blogger+9Investor Gain+9
- Web Platform: Same advanced tools accessible in browser
- Mobile App (ProStocks Star): Lightweight (~6MB), ~10K+ downloads, 3.9★ on Play Store prostocks.com+7prostocks.com+7prostocks.com+7prostocks.com+15Google Play+15Apple+15
5. Call & Trade
- ₹10/trade for intraday/F&O, ₹25 for delivery — as backup A Digital Blogger+11Investor Gain+11Investor Gain+11
6. NRI Accounts
- Support NRO Non-PIS accounts; flat ₹100 per executed order
- No PIS hassles, supports equity + derivatives prostocks.com+7prostocks.com+7prostocks.com+7Chittorgarh+3Investor Gain+3Investor Gain+3
7. ProStocks Star API
- Algo-trading ready, market data, order execution, bracket & cover orders
- ₹1,000/month for API access; ₹2,000 if you want historical data prostocks.com
8. Upcoming Add-ons
- They plan to add mutual funds and commodity trading soon prostocks.com+1Investor Gain+1
How It Works: User Journey
- Easily open an account online — Aadhaar OTP sign-in
- Fund your account via UPI (instant & free) or net banking (₹9+GST; free via HDFC/Yes Bank) prostocks.com+6prostocks.com+6A Digital Blogger+6Investor Gain
- Pick a pricing model: ₹15 per trade or unlimited monthly plan
- Trade using desktop/web/mobile with real-time markets
- Track holdings, P&L, margin in unified dashboard
Key Events & Updates
- Maintains no proprietary trading, no PCM charges, transparent governance prostocks.com+4Investor Gain+4Investor Gain+4A Digital Blogger+3prostocks.com+3Chittorgarh+3Google Play+7prostocks.com+7Investor Gain+7
- June 2025: Updated SEBI compliance for third-party product transparency
- 2024–2025: Ongoing platform improvements and competitive brokerage offers
What Users Say: Feedback & Reviews
👍 Positive Feedback
- “Better than all major/discount brokers…support staff transferred me to the owner immediately.” – Shree prostocks.com
- “First trading experience was scary but ended up pleasant…excellent system.” – Fuad Kidwai prostocks.com
- ₹0 delivery trades, ₹15 flat, unlimited plan praised for value
- Easy NRI account opening and support, direct founder involvement prostocks.com
👎 Criticisms & Concerns
- Mobile app can be laggy and outdated compared to Zerodha/Upstox Investor Gain+2Investor Gain+2Investor Gain+2
- Low intraday margin compared to competitors
- No commodity trading, SME IPO access, or advisory tools
- A negative review called it “cheater…account will soon empty” on MouthShut MouthShut
- Toshniwal saw traditional brokerages keeping huge brokerage margins.
|
Strengths
|
Weaknesses
|
|---|---|
- ProStocks is best known for ultra-low fees, transparent pricing, and NRI-friendly services, backed by responsive support. It’s a strong fit if you’re a high-frequency trader or cost-conscious investor—but might not suit advanced traders or those seeking a broader product suite.
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