General Information & Regulation
ProStocks, a trading name of Sunlight Broking LLP, is allegedly a stock broker based in India that provides its clients with a trading platform called FoxTrader, as well as brokerage free equity delivery trading and lifetime AMC free Demat account.
Market Instruments
ProStocks advertises that it mainly offers equity & equity derivatives and currency derivatives trading, which include stocks, equity futures, equity options, currency futures, currency options and more.
Account Types
There are two account types provided by ProStocks, namely Minor Demat Account & Trading Account and HUF (Hindu Undivided Family) Demat Account & Trading Account. Opening an account is said to be free.
Pricing Plans
There are also two pricing plans offered by ProStocks, namely the unlimited monthly plan and the flat fee plan. There is ₹899 on the unlimited equity & equity derivatives and ₹499 on the unlimited currency trading in exchange, while there is a fee of ₹15 per executed order on the flat fee plan.
Trading Platform Available
When it comes to trading platforms available, ProStocks gives traders a FoxTrader, available on desktop, the Web and mobile versions. FoxTrader, for intelligent and automated trading, is advertised as an ultra-modern Windows-based trading tool with various features such as advanced charting tools, innovative market insights, strategy automation, strategy testing, scanning, customized interface, market analysis, live tick screening, options analysis and more. While with the mobile versions, trading can be done from anywhere and at any time through the right mobile terminals.
Trading Tools
Also, ProStocks provides its clients with brokerage calculators and margin calculators. Brokerage calculators are used to calculate total trading costs and charges before traders place their trading order in share trading. While the margin calculators are advertised as the online real-time margin calculation tools for NSE Equity F&O, Equity Intraday/Delivery and Currency F&O.
Deposit & Withdrawal
ProStocks works with Net Banking and UPI. Transfer funds via Net Banking will be charged a fee of Rs 9 + GST (free for HDFC and Yes Bank), while fund withdrawals are said to be completely free. The broker says that all fund transfers can be updated instantly, all fund payout requests received up to 5 pm on a working day will be processed at 7 PM and funds are credited to your Primary Bank Account by end of the next working day. Note that withdrawal requests can only be placed online, and may take up to 24 hours to be credited to your bank account. And all withdrawals placed after 5 pm will be processed on the next working day. Whats more, the broker claims that its clients can transfer funds from the following 30 Banks from trading applications (see the below screenshots).
Fees
ProStocks also charges some fees. For example, there is ₹10 per trade for Intraday and F&O, and ₹25 per trade for delivery. Other specific information about all kinds of fees can be found in the following screenshot.
Customer Support
ProStocks customer support can be reached by telephone: +912262434343, +91 22 38 110 110, email: support@prostocks.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter, YouTube and LinkedIn. Mumbai Office:: B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063. Registered Office: 146, Center point, Near Somnath, Dabhel, Nani Daman, Daman (UT), India 396210.
