ProStocks Mobile App Review
Prostocks Track Record Of Best Online Stock Broker In India
ProStocks Mobile App Review
ProStocks is a discounted stock broker of India and it is registered by SEBI (Stock exchange board of India). It has no. of services and products to choose. It charges zero brokerage on equity delivery trades and flat Rs.15 per trade for Intraday and F&O trades. It has many powerful trading software including its Mobile Trading App.
ProStocks facilitates its customers by providing various advanced trading software. One of the unique selling features of Prostocks is that it sells its trading software for free. The stock broker offers trading terminals, mobile apps and various trading websites for free to all of its customers. These software are easy to use and are filled with the more advanced features that includes real time live streaming quotes, charts, multiple market watches and much more.
ProStocks Mobile Trading App
One of the most advanced, affordable and easy-to-use software is ProStocks Mobile Trading application. It is very easy and convenient for the users to handle. It helps the customers to trade on the go i.e. they can trade any time and from anywhere. The customers do not require a system or laptop to trade. They can trade easily from their smartphones as well.
ProStocks provides its trading platform i.e. ProStocks Mobile Application for free to all of its customers.
Services offered by ProStocks Mobile App
ProStocks App focuses on fulfilling the needs of the customer. Thus, it has everything that a user needs to trade in the equity market on the mobile phones with just a few taps. It allows the customers to monitor the market positions in real time. Some of the major services that this application provides are listed below:
1. It allows the customers to trade online in Equity and Equity F&O at BSE, NSE.
2. It allows you to view the demat holdings.
3. It provides reports that include orders, trades, net position, margin, equity holdings and derivatives holdings.
4. It allows online fund transfer.
5. It provides the real time streaming stock quotes.
6. It avails you with multiple live market watch lists.
7. It shows the Intraday charts to track the market movements minute to minute.
ProStocks Supported Platforms
The mobile application provided by ProStocks can be accessed on Android and iPhone. The users can download the ProStocks Mobile Application from Android Play store for Android and apple store for iPhone users.
ProStocks Mobile Trading Application demo
The download size of the mobile application is only 6.14MB. The app has more than 10,000 downloads and carries a cumulative user rating of 2.9 stars on the Google Play Store.
Benefits of ProStocks Mobile Trading Application
1. It has well organised brokerage structures for the beginners and the heavy traders. It provides various plans to suit the needs of the customers.
2. It facilitates its customers with the call and trade facility at a very low cost.
3. The account opening procedure is completely online and hassle-free.
4. There are a variety of free and paid platforms that are available for the customers.
5. It provides the highly developed in-house platforms that provide excellent trading experience and prompt error resolution.
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, the customers can link with more than one bank account to your 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.
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.
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.
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 Rs.1000 refundable deposit.
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.
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.