ProStocks Brokerage Charges Review - STT and Transaction Charges

 
 
 
 
 

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ProStocks Brokerage Charges | STT and Transaction Charges

ProStocks is the fastest-growing discount stock broking firm that offers its trading services at BSE and NSE. The firm is registered by SEBI (Stock Exchange Board of India). ProStocks offers its trading services in Equity Delivery, Equity Intraday, Equity Derivatives (F&O), and Currency Derivatives (F&O) segments at BSE and NSE. The customizable trading platform offers convenient trading through the installable trading terminal, website, and mobile application all of it free of cost to all the customers. ProStocks broker reviews are satisfactory among users.

ProStocks Brokerage Plan

Whenever you buy or sell any stock, a commission is charged by a stock broker. These fees charged by brokerage firms is generally known as Brokerage charges. Pro stock brokerage charges for the Equity, Commodity and Currency Derivative are explained below:

Equity and Equity Derivatives:

ProStocks Charges

Equity Intraday

Equity Delivery

Equity Futures

Equity Options

 

 

 

Brokerage

 

₹15 Per Executed Order

 

₹0

 

₹15 Per Executed Order

 

₹15 Per Executed Order

 

or ₹899 Per Month (Unlimited trading in an exchange for a month)

 

 

Securities Transaction Charges (STT)

 

₹2,500 per crore (on Sell trade)

 

 

₹10,000 per Crore (on Buy and Sell)

 

₹1,000 per Crore (on Sell trade)

 

₹5,000 per

Crore (on Sell trade*)

 

Exchange Transaction Charges

 

NSE: ₹345 per Crore
BSE: ₹340 per Crore

 

 

NSE: ₹345 per Crore
BSE: ₹340 per Crore

 

NSE: ₹200 per Crore
BSE: ₹50 per Crore

 

NSE: ₹5,300 per Crore
BSE: ₹2,500 per Crore

 

SEBI charges

 

₹10 per crore

 

₹10 per crore

 

₹10 per crore

 

₹10 per crore

 

GST

 

18% on (Brokerage + Exchange Transaction Charges + SEBI charges)

 

 

18% on (Brokerage + Exchange Transaction Charges + SEBI charges)

 

 

18% on (Brokerage + Exchange Transaction Charges + SEBI charges)

 

 

18% on (Brokerage + Exchange Transaction Charges + SEBI charges)

 

Stamp Duty

 

0.003% (₹300 per Crore on Buy and Zero on Sell)

 

0.015% (₹1500 per Crore on Buy and Zero on Sell)

 

0.002% (₹200 per Crore on Buy and Zero on Sell)

 

0.003% (₹300 per Crore on Buy and Zero on Sell)

Note- *STT on Exercise and assigned trades: ₹12,500 per crore and it is payable by options buyer only (on intrinsic value of trades).

Currency Derivatives:

ProStocks Charges

Currency Futures

Currency Options

 

Brokerage

 

₹15 per executed order

 

₹15 per executed order

 

₹499 Per Month (Unlimited trading in an exchange in a month)

Securities Transaction Charges (STT)

 

Nil

 

 

Nil

 

Exchange Transaction Charges

 

NSE: ₹90 per Crore
BSE: ₹22 per Crore

 

 

NSE: ₹4,000 per Crore
BSE: ₹100 per Crore

 

SEBI charges

 

₹10 per crore

 

 

₹10 per crore

 

GST

 

18% on Brokerage + Exchange Transaction Charges

 

 

18% on Brokerage + Exchange Transaction Charges

 

 

Stamp Duty

 

0.0001% (₹10 per Crore on Buy and Zero on Sell)

 

 

0.0001% (₹10 per Crore on Buy and Zero on Sell)

It charges 0 fee brokerage or 0 trading fee and is a 0 commission broker for equity delivery segments which means the ProStocks Brokerage charges for mutual a fund is zero. ProStocks brokerage calculator/ ProStocks brokerage charges calculator is available on its official website. ProStocks NRI brokerage calculator is not available as ProStocks NRI account services are not available.

ProStocks Charges Explained in Detail

After from the brokerage processing fees, there is some other brokerage products of ProStocks that includes the following charges.

ProStocks Securities Transaction Charges (STT):
It is charged by stock exchanges from the broker on behalf of the client and is paid to Income Tax Department of Government of India.

• ProStocks Exchange Transaction Charges:
It is charged by stock exchanges. Exchange transaction charge is different for both NSE and BSE.

• SEBI charges:
It is charged by Stock Exchange Board of India (SEBI).

• ProStocks Stamp Duty Charges:
Traders and investors have to pay this charge while trading in stocks, currency derivatives, and commodities.

• GST:
It is charged at a rate of 18% on brokerage and transaction charges only. No GST is charged on SEBI charges, STT and Stamp charge.

• ProStocks Call and Trade Charges:
The charges are charged as
For Intraday and F&O: ₹10 per trade.
For Delivery: ₹25 per trade.

• Documentation charge and Franking charge:
There are no ProStocks account opening charges.

• DP charges:
For equity delivery trades: ₹20 per scrip (on sell) + 18%GST.

• ProStocks Annual Maintenance Charges (AMC):
Zero AMC.

• ProStocks Physical Contract Note Charges:
₹50 per contract note.

• ProStocks Account Deposit Charge:
A refundable amount of ₹1000 only for the Demat account. This amount will be refunded to you at the time of closing of your account.

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.

Prostocks Reviews