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ProStocks Monthly Trading Plan

Trade unlimited in Equity and F&O at a fixed monthly cost. Includes advanced order types across Web, Mobile, and Desktop.

Save more with Monthly Plans: fixed brokerage, unlimited orders—no caps. Compare monthly plan vs per-order brokerage with our Brokerage Savings Calculator.

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Plans & Pricing

PlanCoveragePrice (per month)
Single Exchange Plan Unlimited trading in NSE or BSE (choose one) ₹899
Dual Exchange Plan Unlimited trading in both NSE & BSE ₹1,798
API + Unlimited Plan API access + Unlimited trading in NSE & BSE ₹2,898

All prices are exclusive of statutory taxes and regulatory levies.

Inclusions

  • Unlimited orders placed by the client via Mobile, Web, and Desktop apps.
  • All order types supported: Bracket, Cover, Basket, GTT, etc.
  • No restriction on number of orders or trades.

Exclusions

  • Orders placed through Call & Trade desk.
  • Orders placed by Risk Management System (RMS) for auto square-off of predefined intraday positions or margin-reducing orders.
  • Any order not placed by the client.
  • All statutory and exchange levies: Exchange Transaction Charges, STT, Stamp Duty, SEBI Turnover Fees, GST.
  • DEMAT transaction charges.
  • Not available for NRI clients or Non-Individual accounts.

Restrictions and Fair Use

There are no limits on orders or trades. However, any abuse such as placing orders to manipulate markets, creating artificial liquidity, or false market creation is strictly prohibited.

Important: This is a calendar month plan. It renews on the 1st of every month, not on a rolling 30-day basis.

Brokerage Collection Mechanism

  • Brokerage is charged via a SEBI-approved method at 2.5% of trade value until your selected plan cap is reached.
  • After the cap (₹899 / ₹1,798 / ₹2,898) is reached in a month, no further brokerage is charged for that month.
  • If you do not trade in a given calendar month, you will not be charged the plan brokerage, even if there is a ledger balance.
  • On days when no brokerage is charged in the contract note, a nominal brokerage not exceeding ₹1 may appear for technical reasons.
Note (API Plans): Plan brokerage with API is different from a normal monthly plan. API charges (equal to the plan fee + GST) are debited from your ledger even if you do not trade.

Illustration

If you buy option premium worth ₹10,000 during a month and place no further trades:

  • Brokerage = ₹250 (2.5% of ₹10,000).
  • The remaining ₹649 of the ₹899 plan cap will not be charged.
  • Total brokerage for that month = ₹250.

FAQs

Is this plan truly unlimited?

Yes. The plan is truly unlimited—brokerage remains fixed for the chosen plan, and the number of orders or trades is not capped.

What happens if I don’t trade in a month?

You will not be charged plan brokerage for that calendar month. Exception: for API plans, the API fee will still be debited.

Does the plan include all statutory levies?

No. Government and exchange levies such as STT, Stamp Duty, Exchange Transaction Charges, SEBI Turnover Fees, and GST apply as usual.

Are DEMAT charges included?

No. DEMAT transaction charges are excluded and billed as per schedule.

Who is eligible?

Resident Individual accounts. The plan is not available for NRI clients or Non-Individual accounts.

When does the plan renew?

On the 1st of every calendar month.

Open Account

Questions about eligibility or APIs? Write to [email protected].

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Please come and participate in Mock Trading today. Test the new platform and provide us your valuable feedback (write to [email protected])

ProStocks Star Trading Platform is already live. You can also go live.

Please come and participate in Mock Trading today.

Download ProStocks Star Android Mobile App

Download ProStocks Star IOS Mobile App

Download ProStocks Star Desktop

Login to ProStocks Star Web

Click on Forgot Password, get password on your email Id and experience in above Mock Trading Session.


Order types:

  1. Stop Loss Limit & Market order
  2. After Market orders – can schedule it during live market for the next day as well
  3. Cover orders – Place a normal order and a position reversing stop loss order at once
  4. Bracket orders – Place a normal order, position reversal order & target profit order at once
  5. Bracket order with Trailing stop loss order coming soon
  6. Good till Traded order (GTD) : Place conditional orders and the order will be valid till the order is not executed
  7. Bulk orders
  8. Hedge margin benefit is available
  9. Check the margin requirement of covered call/put before you place the order
  10. You can place a normal square off as well as stop loss order without additional margin
  11. Interoperability between NSE & BSE available
  12. Hedge Nifty Futures position with Sensex futures position
  13. Square off USDINR position at NSE in CDSL segment in BSE

(No extra brokerage for any special order)

API:

  1. Web Socket API available
  2. Dot Net/ C sharp API for thick client available
  3. Rest API for Algo with web socket available
  4. Monthly unlimited Brokerage plan in API to Resident clients available

Fox Trader available at concessional rates (Advanced Trading software)

Miscellaneous:

  1. Mobile (android or iOS), Web & Desktop Trading application available
  2. Refer and Earn program: Minimum 10% (can go up to 30%)
  3. Trading & DEMAT AMC lifetime free
  4. Zero brokerage for delivery trades under Flat Fee plan

For NRO NON PIS clients:

  1. Place intraday orders in Futures & Options
  2. Buy shares which are in NRI Breach list or Red Flag list
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Starting 1st Oct 2020, Clearing Corporations(CCs) is taking 4 snapshots of client position and margin thereof at random intervals. CCs are providing these Peak margin files Stock-Brokers / Clearing Members (TM/CM) to ensure that they are collecting margin upfront to meet the requirement of Peak Margin. This is in addition to existing Margin Collection, Reporting and Penalty requirement for end of the Day Margin Reporting.

Starting 1st Dec 2020, Clients would be subject to Peak Margin requirement as well as End of Day (EOD) Margin requirement. Short-fall in Peak Margin or EOD Margin would be subject to penalty at prescribed rates along with 18% GST.

The penalty would be collected by Clearing Corporations from Client through Stock-Brokers / Clearing Members.

What has changed at ProStocks :

  1. Effective from 1st March 2021, Client selling delivery from Demat Holding will get 50% (70% between 1st Dec 2020 to 28 Feb 2021) Credit for Sale (CFS) on a real-time basis in Trading Application instead of 100% (Prior to 1st Dec 2020), in all the three Trading Platform which we have, Namely PROSTOCKS, PRO AND BEST. Remaining 50% CFS will be available from next day.
  2. Client selling delivery from previous day's buy position, also known as T1 Holding or BTST or Stocks to be received (SR) will get 50% CFS on a real-time basis in PROSTOCKS AND PRO Trading Application and Zero (NIL) instead of 100% CFS (Prior to 1st Dec 2020), they were getting so far. Remaining 50% CFS will be available from next day.

Why 70% CFS or 50% CFS instead of 100%

NSE allowed that Client's margin can be considered equal to 100% of the sale value once Early Pay-In of Securities sold by the Client through NSE Circular and Annexure A NSE/INSP/45191 dated July 31, 2020.

............However, in respect of sale of shares by a client for which early pay-in has been accepted by CC, since settlement of the trade is guaranteed by the CC, member may choose to give credit of the sale value of the shares in the ledger account of the client, which may be considered as margin towards subsequent trade/s of the client.

NSE by Download Ref No: NSE/INSP/46485 and Circular Ref. No: 72/2020 dated November 27, 2020, just a day prior to Peak margin Penalty provisions coming into effect has modified the above-said clarification/guidelines by an answer to question 1 of Annexure A of the said circular:

........However, the sale value of such securities (EPI value), as reduced by value of the 20% upfront Margin, shall be available as Margin for other positions across all the segments

Care and Caution for Client Trading on BEST Platform for Derivatives and availing In-built Hedge Margin Benefit( HMB)

Whenever you are removing hedge or sq off or changing the portfolio, Please extremely careful to first sq off the higher margin / naked or risky leg before you sq off the leg which created the hedge or reduced the risk and or Margin.

Example: Assume you have available Margin of Rs 1,60,000 and one lot NIfty Call Buy position for which you have blocked/ paid margin of Rs 10,000. Now you want to sale one lot of Nifty Futures for which margin is Rs 1,60,000. Instead of you getting charge margin of Rs 1,70,000, You were subject to a margin of just Rs 17,000 ( which is 10% of actual margin otherwise payable) for both the position, together and got HMB of Rs 1,53,000. Post this position, now you have an available margin of Rs 1,53,000. Further, assume that you bought delivery of Rs 1,50,000 from the available margin of Rs 1,53,000 and the now available margin is Rs 3,000.

Now if you go ahead and do sale / sq off of one lot Nifty Buy Call leaving one lot Nifty futures sale as naked/unhedged position and margin requirement for this position is Rs 1,60,000 against available Margin of Rs 13,000 ( Rs 3000 plus RS 10000 from sale of Call Option) leaving Margin Shortfall of Rs 1,47,000.

Be extremely careful to sq off the naked leg first which in this case was Nifty Future Sale position before you sq off leg which created hedge. In case of Margin shortfall even of peak margin and even for a few seconds, You are expressly agreeing to agree to bear the penalty and consequences thereof.

Impact of Peak Margin Reporting effective 1st Dec 2020 on Resident Indian Client using the PROSTOCKS, PRO and BEST Trading Platform

Impact of Peak Margin Reporting effective 1st Dec 2020 on Non Resident Indian Client having NRE Trading and Demat Account linked with NRE PIS Bank Account and using the PROSTOCKS , PRO and BEST Trading Platform provided by ProStocks

NRI Client buying against sale of delivery or against PIS Bank balance has to ensure that their Bankers makes us payment by Trade Plus 1 Days. Most Banks including HDFC Bank has allowed NRI to debit their PIS Bank Account and credit Sunlight Broking LLP ( ProStocks 's Bank Account with respective Banks).

In case funds are not received by Settlement Date ( Which is Trade plus Two Trading Days) , Exchanges / Clearing Corporation will levy penalty of 1.18 % ( 1 percent plus 18 percent GST on 1 percent) of shortfall amount for two days, so this will be 2.36 percent for the shortfall amount.

ProStocks will recover from client and will make the payment to Exchanges/ clearing corporation.

Impact of Peak Margin Reporting effective 1st Dec 2020 on Non Resident Indian Client having NRO NON PIS Trading and Demat Account linked with NRO Savings Bank Account and using the PROSTOCKS , PRO and BEST Trading Platform provided by ProStocks


Peak Margin Reporting and its Impact effective 1st September, 2021



S P Toshniwal

www.prostocks.com

+91-22-62434343

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Yes.

Your investment in India through the Stock Market is governed by the following regulation:

  1. Foreign Exchange Management Act (FEMA) supervised by RBI
  2. Income Tax Act, 1961 supervised by Income Tax Department, Govt. of India
  3. SEBI regulation for Exchanges, Stock Broker and Depository

You can invest on Repatriable Basis (NRE) or Non-Repatriable Basis (NRO) or both.

When you open NRE PIS Bank Account: Your Bank provided you with the following THREE services besides usual banking Services:

  1. Applying to RBI and taking PIS (Portfolio Investment Scheme) permission. This is a one-time activity. This is a requirement under FEMA.
  2. Reporting all your transaction routed through PIS Bank Account to RBI on a regular basis. This is a requirement under FEMA.
  3. Calculating, Deducting and Depositing you tax liability arising out of shares sold through PIS Trading Account and proceeds credited to PIS Bank Account. This is required due to Section 195 of the Indian Income Act,1961.

FEMA has been amended in Feb 2016, and NRI investing through Non-Repatriable Basis (NRO) route are not required to take PIS permission and hence no requirement of reporting transaction to RBI.

In a nutshell, Service Number 1 and 2 mentioned hereinabove are no longer required for NRO Account. However, Service Number 3 is still applicable.

Banks are willing to provide Service Number 3 as mentioned hereinabove for NRO Account BUT at the same taking charges which they are taking for NRE PIS Account. In such case, your Banker will open your normal NRO Saving Bank Account, will insert Dummy PIS permission Number, so their software will behave as if this is PIS account and will rename this as NRO Investment Account and will provide you Tax Deduction Service.

ProStocks is now bring to you NON PIS NRO Trading Account.

ProStocks will do compliance of Section 195 of Indian Income Tax Act, 1965 for a fixed fee of Rs 1k p.a (waived for account opened before 31st March, 2023) and you would be able to trade in equity segment just like Resident Indian. No Custody Account, No hassle of dealing with Custodian or PIS Banker besides Stock Broker. No PIS Bank Account required.

What are the documents required for opening an NRO Account?

Following are the document required for opening NRO Trading and Demat account:

  1. Attested copy of PAN card,
  2. Attested copy of overseas address proof – Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not older than 2 months)/Notarized copy of rent agreement/Leave & License agreement/ Sale Deed. NRI residing in Gulf countries and not having any of the above overseas address proof can give Declaration of P.O. Box in your residing country,
  3. Self-certified copy of Indian address proof, if any. Providing Indian address in KYC is voluntary. You may provide for your own benefit.
  4. Passport size photograph
  5. In case of an Indian Passport: Attested copy of valid passport with copy of Valid Visa
  6. In the case of Foreign Passport: Attested copy of valid passport, Copy of PIO/OCI card.
  7. Proof of Bank account (a cancelled cheque leaf of your NRO savings bank account)

Note 1 : Copy of PAN card, Passport, Power of Attorney and Foreign address proof are required to be attested. Attestation can be done by the Indian Embassy or any other competent authority like Consulate General or Notary Public or Overseas Banker or Indian Banker. The attesting authority should affix a “verified with original” stamp, name, designation, signature and date on the said documents.

Note 2 : Attestation is not required when your KRA status and IPV status is Y (Yes) and no change is required from your previous KRA. For checking your KRA status go to KYC inquiry menu on www.cvlkra.com

Can I convert my existing NRO Trading and Demat Account linked to NRO PIS Bank Account to Non-PIS NRO Trading Account?

Yes

Just send email to [email protected] to convert their NRO Trading and Demat Account to NON PIS Account.

You will trade like Indian Resident Account. Yes exactly like Resident Indian except two exception:

  1. Your account is subject to withholding tax
  2. You cannot do intra-day trades in equity segment.

You will add funds in your trading account just like resident Indian account and also withdraw funds. Funds withdrawal may take processing time of one working day to calculate withholding tax. You can add Equity Futures and Options also in same Trading Account by filling one pager Segment Activation Form and one pager Custodial Participant (CP) Code Application Form

NRO Account for Equity Delivery Trades :

ProStocks will map NRO Saving Bank Account with your NRO Trading Account. You can have many NRO Saving Bank Account with same Bank or many Banks and all can be mapped to your Trading Account for transferring funds to ProStocks. You can have NRO Savings bank Account in any Bank of your choice and there are no restrictions on the number of Bank-supported. You will operate your NRO Saving Bank Account for equity trades like Resident Indian. You can transfer funds to us any time, you can withdraw your funds from ProStocks any time with just one exception, compliance of Section 195 of the Indian Income Tax Act, 1965 with regard to withholding tax (TDS).

You will also need to open NRO Saving Bank Account. You no longer required to open NRO Invest Account (similar account was earlier called NRO PIS Bank Account). ProStocks can assist you in opening your Bank Account. No PIS Bank Account required.

The dividend will be credited to your NRO Savings Bank Account ( Primary Bank Account, in case of more than one Bank Account) by the respective companies whose shares are held in your NRO Demat account on the record date for dividend.

You need to transfer funds from your NRO Savings Bank Account before buying. Once you buy, ProStocks will send you contract note same day and credit shares to your Demat Account on securities payout day. Generally you are expected to sell after shares credited to your Demat Account and not before. You can buy shares next day against credit to be received in your trading account on funds payout day of previous day's sale minus withholding tax liability, if any.

Similarly, when you sell the shares, ProStocks will send you contract note same day and credit your Trading Account with us on funds payout day. You can buy shares next day against credit to be received in your trading account on funds payout day of previous day's sale, minus withholding tax liability, if any. RBI reporting is not required for NRO Account after February 2016 but compliance of Section 195 of the Indian Income Tax Act, 1965 with regard to withholding tax (TDS) is required.

ProStocks will do compliance of Section 195 of Indian Income Tax Act, 1965 for a fixed fee of Rs 1k p.a (waived for account opened before 31st March, 2023) and you would be able to trade in equity segment just like Resident Indian. No Custody Account, No hassle of dealing with Custodian or PIS Banker besides Stock Broker. No PIS Bank Account required.

NRO Account for Equity Futures and Options (Derivatives) Trades

You will need to open NRO Saving Bank Account. ProStocks can assist you in opening your Bank Account.

ProStocks will map NRO Saving Bank Account with your NRO Trading Account. You can have many NRO Saving Bank Account with same Bank or many Banks and all can be mapped to your Trading Account for transferring funds to ProStocks. You can have NRO Savings bank Account in any Bank of your choice and there are no restrictions on the number of Bank-supported. You will operate your NRO Saving Bank Account for equity derivatives trades like Resident Indian. You can transfer funds to us any time, you can withdraw your funds from ProStocks any time with just one exception, compliance of Section 195 of the Indian Income Tax Act, 1965 with regard to withholding tax (TDS).

ProStocks will do compliance of Section 195 of Indian Income Tax Act, 1965 for a fixed fee of Rs 1k p.a (waived for account opened before 31st March, 2023) and you would be able to trade in equity futures and options just like Resident Indian. No Custody Account, No hassle of dealing with Custodian besides Stock Broker.

You are no longer required to open custody or custodial account with ISSL or anyone when you do equity derivatives trades through ProStocks. Since you are not required to open Custody Account, you will save a significant amount, which was otherwise, you were required to pay to Custodian. ProStocks will take your CP code from the exchange which will allow you to trade equity derivatives at NSE as well as BSE.

WhatsApp support for NRI. Send opt in request using this link

SP Toshniwal

B50,  B Wing, 3rd Floor ,Pravasi Estate Goregaon Mulund Link Road

Goregaon East Mumbai 400063  +91-22-62 43 43 43 www.prostocks.com

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We are excited to announce that Prostocks now offer a truly commission-free investment in the stock market. With effect from 1st March 2020, we have introduced Zero Brokerage for the equity delivery segment. 

From now onwards, you invest in stocks for free without having to pay any brokerage fees. You continue to pay our low brokerage of flat ₹15 for intraday and F&O trades.

Delivery trades are those trades wherein, the shares you buy are delivered to you and deposited into your demat account. Once you take delivery of shares you can hold them as long as you want.

We have implemented zero brokerage in the equity delivery segment to encourage direct equity investments in the Indian stock market.

We hope you will enjoy this new exciting offer and continue spreading the word among your family, friends, and colleagues.

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Need Help?

Mumbai Office:
B-50, Pravasi Estate, Goregaon (East), Mumbai - 400063

Call us on +91 22 62 43 43 43 / +91 22 46 60 77 77

Email: [email protected]

Sunlight Broking LLP
Registered Office:
327, Govindam Tower, Old RTO Road, 3rd Floor, Gandhi Nagar, Bhilwara, Rajasthan, India 311001

Registration Numbers:
SEBI Regn. No.: INZ000048660 INDP2802016 | BSE Member code: 6635 | NSE Member code: 90084 | CDSL DP ID: 12083200 | AMFI Registration No (ARN): 119535

Attention Investors

Prevent unauthorized transactions in your demat account. Update your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your demat account directly from CDSL on the same day.
Prevent unauthorized transactions in your trading account. Update your mobile numbers/email address with your stock brokers. Receive information of your transactions directly from the Exchange on your mobile/email at the end of the day. This is issued in the interest of investors.
Client Registration Documents in Vernacular Languages can be download from here.
Facility of Clearing Corporation for verification of Client Collaterals , please register on this link
Investment in stock market are subject to market risk.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
KRA-KYC is one time exercise while dealing in securities markets - once KRA-KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund, etc...), you need not undergo the same process again when you approach another intermediary. As a business we don't give stock tips, and have not authorized anyone to trade on behalf of others. If you find anyone claiming to be part of Sunlight Broking LLP and offering such services, please send us an email to [email protected]

Procedure to file a complaint on SEBI SCORES: Register on SCORE portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances

Investor Grievance: NSE | BSE | SCORE | SMARTODR | CDSL | [email protected]

Privacy Policy | Disclaimer | Management Policy and Procedure | Investor Charter | Risk Disclosures on Derivatives | KMP Details | Procedure for Filling of Complaint | CKYC | Voluntary Freezing | NATIONAL FINANCIAL LITERACY QUIZ (NFLQ)

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ProStocks, A Sunlight Broking LLP Venture