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Prostocks Account Open Online - Process, Forms and Fees
ProStocks Account Opening, Charges and Procedure
ProStocks is the fastest growing discount stock broking firm that offers its trading services at BSE and NSE. The firm is known to be a brokerage account providers, registered by SEBI (Stock Exchange Board of India).
ProStocks account offers its trading services in Equity Delivery, Equity Intraday, Equity Derivatives (F&O) and Currency Derivatives (F&O) segments at BSE and NSE. The customisable trading platform offers convenient trading through the installable trading terminal, website and mobile application and all of it at free of cost to all the customers. ProStocks nri account provide trading services in Indian Stock market.
The Stockbroker provides a unique feature i.e. 2-in-1 account and ProStocks minor trading account facility to its customers that include trading and demat account also prostocks nri account opening and Prostocks minor account. ProStocks is a member of CSDL. It is one of the two public sector depositories in India that offers demat services for holding securities. ProStocks reviews provides its unique service of Zero AMC Demat and Trading Account Opening. There is no minimum balance to open an account or minimum balance account opening online requirement available.
ProStocks account opening charges:
Trading account opening charge
Trading account AMC
ProStocks demat account charges
Demat account AMC
Note - A refundable amount of Rs.1000 is applicable only on demat account opening. This amount will be refunded to you at the time of closing of your account.
Documents required to open ProStocks trading account
To open an ProStocks 3 in 1 account with ProStocks, a certain set of documents is required. The list of documents is listed below:
1. Pan card.
2. Address proof.
3. Passport size photograph.
4. Cancelled cheque with name printed on it.
If the user wants to open ProStocks demat account in the Equity derivatives or Currency derivatives, then the document list must include:
1. Copy of ITR acknowledgement.
2. Copy of annual accounts.
3. Salary slip.
4. Copy of Form 16.
5. Net worth certificate if net worth is more than 2 lakhs.
6. Copy of demat account holding statement having holding value of more than Rs.2 lakh.
7. Bank account statement of last 6 months.
8. Self-declaration with applicable supporting documents.
9. Any other documents applicable for ownership of assets.
ProStocks offer ProStocks nri account review under ProStocks nri account review along with brokerage account pros and cons. So, for more information about ProStocks nri demat account you can visit to the ProStocks account review website. You can also open a 2-in-1 account i.e. Trading + Demat account free of cost.
ProStocks online account opening
Here we have mentioned some steps for account review process. At ProStocks, there are two ways by which you can open your account at zero cost.
1. Online Account Opening
Follow the below steps to open an account online:
a) Visit official website of “ProStocks”.
b) Click on “Open account”.
c) Register yourself by entering required details.
d) Click on “Generate an OTP”.
e) Enter the OTP that you will receive on your Aadhar registered mobile number.
f) Upload the scanned copies of all the required documents and submit it.
Your account will get activated in some time.
2. Offline Account Opening
Follow the below steps to open an account offline:
a) Visit the official website of “ProStocks”.
b) Click on “Open account”.
c) Download account opening form of your requirement and take its printout.
d) Fill the form properly.
e) Attach the hard copies of all the required documents.
f) Send a completely filled application form and documents to the ProStocks address.
You can also open ProStocks minor account and ProStocks huf account with the broker. By opening ProStocks non pis nro account NRI's can start trading with India's lowest cost online stock broker.
Benefits of opening an account with ProStocks:
1. ProStocks trading account charges zero brokerage on the equity delivery trades.
2. ProStocks account online charges just ₹15 per trade as the brokerage charge.
3. With ProStocks web login customers can do free trading software.
4. ProStocks back office login provides the most advanced mobile trading application.
5. It provides the advanced charts to its customers free of cost.
6. There are no hidden charges for ProStocks demat account review account opening.
7. ProStocks back-office login provides excellent customer support to all its needs.
8. Through ProStocks trading login you can avail lowest exchange transaction charge.
9. Minor demat account ProStocks opening available.
To download ProStocks account opening form and to know about ProStocks account closure procedure or ProStocks account closure form visit the ProStocks official website.
Frequently Asked Questions
1) The KYC team sends an email about the receipt of the documents once all the account opening documents are received. 2) The team will verify the documents and request the customer for IPV, if required. 3) After completing the IPV, customer will receive a welcome call and will validate the details. 4) As soon as the verification is completed, a welcome mail will be sent to the customer with all the account related information.
You will receive a transaction statement every month if you have done any transaction or once in a quarter if there is no transaction during the period.
ProStocks offer Zero AMC Demat Account. Unlike other brokers, customers is not required to pay any annual fees. The ProStocks demat account without AMC is for all its customers including Individual, Corporate and NRI.
Prostocks do not charge any AMC for trading or demat account. ProStocks safeguards your account with zero maintenance charge.
ProStocks depository allows you to change the name of the corporate demat account and the existing account can be continued.
Yes, a depository account can be opened in ProStocks with the names of four holders but the account can only be used for dematerialization of shares that are held in the same combination. No shares can be credited by purchase or transferred from any other account. Hence the standing instruction for credits will be “N” for such accounts.
ProStocks will open your account on the same day after duly completing the account opening documents that are given in the office, in case you are already KRA compliant and In person Verification(IPV) is not required. If the IPV is required , then the ProStocks will open the account within four working hours post IPV. You will be able to trade from the next day subject to transfer funds for margin in the trading account with ProStocks.
Yes, NRIs can invest in stocks on delivery basis.
Yes, the customers can link with more than one bank account to your Prostocks trading account. There are no restrictions on the number of bank account you can link. It is advised to link all the bank account so that the customer can transfer the funds from any bank account they hold.
Nomination can be done either at the time of account opening or later. The Nominee name and address is to be provided by the account holder. The account holder is required to sign before the two witnesses.
Yes, demat account has several charges associated with them.
All the funds transfer request is received up to 5 PM on working days are credited to the client account electronically on the next working day.
No, all the trading applications that are provided by ProStocks are free. They do not charge for BSE BEST trading application even when you trade for NSE exchange in BSE BEST.
The customers are advised to contact customer care in case of any discrepancies.
Yes, Prostocks provide mobile application for android and iOS. The app is available on both the Android and iOS. The application is named as ProStocks KeyStone back office.
ProStocks has multiple pricing plans available to suit the trading needs of the customer. The customers can change the pricing plans anytime by contacting the customer support desk.
ProStocks margin in F&O segment is 1 times of the trade value.
Each NRI can purchase the maximum of 5% equity shares of listed company subject to overall limit for the listed equity shares of each company on repatriation benefit basis. NRI investment in equity shares of listed company without repatriation benefit is treated at par with Indian resident and there is no upper limit.
ProStocks margin in Options is 1 times of the trade value.
An intraday position trades are resulting from order types MIS and CO will be squared off at the pre specified time.
If an investor is willing to avail the services offered by Prostocks, then the investor has to open an account with Prostocks.
ProStocks provides Zero annual maintenance charges account. There are no account opening charges, no inactivity charges. It collects ₹1000 refundable deposit.
To open a demat account in CDSL, register yourself with a stock broker which is a depository participant of CDSL.
Being a new entry in the financial industry but it is a legitimate safe and reliable stock broker. The firm has received a good market share in a short time period owing to its low-cost pricing, advanced trading platform and faster customer service.
You can download KRA modification form available at the download section of ProStocks website or take the first page from KYC which is a KRA form. Fill in the information that you wish to change besides the name and PAN number in the KRA form, sign it and attach the self-certified PAN Card Copy.
Client can pick and choose one or more segments from the list below: 1) NSE- Equity Cash Segment. 2) NSE- Equity Future and Options Segment. 3) NSE- Currency Futures and Options Segment. 4) BSE- Equity Cash Segment. 5) BSE- Equity Futures and Options Segment. 6) BSE- Currency Futures and Options Segment. Note: The customer is required to select atleast 1 trading segment at the time of account opening.
ProStocks DP ID is 12083200.
Margin limit in ProStocks is up to 5 Times in Equity intraday segment.
Prostocks provide SMS alert facility for demat account holders where by the investors can receive alerts for debits (transfers) to their demat accounts, credits for IPO and offer for sale allotment, sub-division and bonus.