How To Open Prostocks Demat Account

Introduction

To start investing, you need a Demat account. To make this process easy and straightforward for an investor, they can open a Prostocks Demat account.

Prostocks is one of the most reputed online Stock Brokers with its offices in Mumbai, India. It is a brokerage firm that helps the customers to invest in the Indian stock exchange like BSE and NSE.

They also help the customers to open trading and Demat accounts for free with a nominal recurring cost for trading. It has been dealing with investment-related to Currency, depository, and Equity services.

His company is popular among investors to help them invest in the stock market with the least brokerage in the market.

The company has been trying to reduce the cost of trading and transaction for investors to minimize brokerage and increase profits.

Within just a few years since it started in 2016, the company has been able to establish a trustworthy name for itself among its clients.

Prostocks not only helps the clients to open the Prostocks Demat account and trading account but also works as a consultant and advisor to increase your profits in the investment.

If you are currently unable to reach your financial goals through the investments made by the current investment broker, then you can try the brokerage service from Prostocks.

A well-planned investment flow can help you plan your future correctly. Prostocks helps you to create a personalized investment chart that you can follow to achieve your future financial goals.

They make a personalized and customized investment plan for each investor as per their requirement.

Not only this, they charge the investors way less than the traditional brokers, regardless of the investment type, helping to save a lot of money.

As per the company, when compared to an ordinary broker, you can save up to 95% on the brokerage, lower stamp duty and GST charges.

Do I Need to Open A Trading Account?

In case you do not have a broker, who handles the buying and selling for you, you need to open a trading account as well to trade the securities and share.

Demat account is only meant to save all your purchases from the stock market, but the trading account is what gives you the freedom to trade like a pro.

However, unless you have any experience in trading, it is always recommended to let the broker deal with the trading part on your behalf.

If you are confident about trading in the stock market yourself, then you need to open a trading account as well. Prostocks Demat account and a trading account can be activated together for zero charges on their website for now.

Also Read: Difference Between Trading Account and Demat Account In Share Market

Prostocks Demat account charges

Currently, there are no charges for opening a Prostocks Demat account and trading account under a limited time offer from Prostocks.

However, there are minimal charges for trading. They provide you unlimited trading for Equity @ ₹899/month and Currency @ ₹499/month. Along with this, they also provide you with a lifetime AMC free trading and Demat account.

Benefits of Investing

If you are looking out for an investment type that can provide you the highest returns in the least time, then investing in the Indian Stock Exchange is one of the best ways to do so.
The kind of performance you can get from here is much higher and faster than any other means of investment available in the market.
Indian Stock Exchange has a variety of shares, bonds, mutual funds, stocks, and commodities one can invest in. Depending on the amount of risk one can afford, they can invest in these.
The majority of people who spend in the stock exchange invest their money in buying and selling stocks and shares.
It is one of the most efficient ways to grow your money by buying stocks with the potential of higher growth in the future.
A person can invest in the stock exchange themselves if they have any prior experience and have time to monitor and look at the trends of the market daily.
However, if one is new to this investment type, then the best option would be to contact an investment or share broker that can invest their money and create profits. In return, a broker only takes a minor commission or free for their expertise

Opening a Prostocks Demat account is much more convenient and more straightforward than opening a Demat account through the standard procedure.

Prostocks Demat account is a much faster and efficient way to manage your investment in the stock exchange.

The account opening procedure is easiest and can even be done by a person with no prior experience of opening a Demat account.

One has to fill a form online on the website with all the necessary details.

Along with the details, the website also helps the person in verifying their identity through e-KYC.

Once verified, a demat account is activated for the person. It is the second-best thing about the Prostocks Demat account.

Opening a demat account through a standard procedure might take days before it is activated, during which you can lose on various opportunities to trade.

Opening a prostocks demat account will give you instant activation of the account within a few minutes as soon as the e-KYC is verified.

While opening a demat account through the standard procedure at a bank, it is hard to get help from specific people regarding the confusion of filling the form or question and doubts regarding the Demat account.
You can contact the customer support team any time you want and get your questions answered.

Be it doubts about opening the account, using it for trading, etc. Our team is always there to help you with any information and details.

The complete process of opening the account in Prostocks is paperless, and you do not need to fill any physical form or details to open the account.

The only time you will be asked for the details is at the website while opening the account.

Not only this, you can manage your trading account and Demat account on the site and the mobile application, specially designed for people on the go to manage their investments.

Along with that, Prostocks also provide you a lot of tools online on their platform such as brokerage calculator, margin calculator, etc. It can help a person calculate their cost even before investing.

Complete digital security to your Demat account is also an added feature for Prostocks Demat account holders. Since all the investments are saved digitally in the Demat account, Prostocks provide complete security and privacy to your data and saved investments.

Also Read: How to Open Demat Account in Different Broker in India

Use of Modern Technological Platform

The primary reason by Prostocks has become a popular choice for people to create a Demat account and use their broker service, is their latest technological platform.

Their investors can easily access the trading and Demat account through ProStocks Web, ProStocks Mobile, and ProStocks Desktop application.

These applications are working on different platforms with a centralized data center. Any changes or trading done through one platform will be visible in another real time.

This trading software is free for investors regardless of the platform they use.

Prostocks also provides live data regarding the current position of stocks and shares the investors have in the Demat account.

Also, they have a robust backup installed for their customer’s data to make sure that the customer always has access to the information.

Their mobile trading application is user-friendly and one of the easiest trading applications available.

Using this modern technology, the company also provides dedicated blogs, FAQs, and support on the website for any kind of help.

They have email, phone, and website support available for their investors with Integrated Telephony, CRM, and Helpdesk software for a quick resolution.

Conclusion

Apart from the features and benefits, there is from opening Prostocks Demat account, they also provide you with a lot of online tools that can be used on their website to calculate the profits and investment one needs in the shares or stocks.

Some of the online tools that they provide are Prostocks Brokerage Calculator, Prostocks NRI Brokerage Calculator, Prostocks Margin Calculator, etc.

These calculators will not only help you to estimate the number of profits one can receive with a specific amount of investment but will also help you to calculate the amount of brokerage one has to give over it.

Prostocks FAQ

1. What are the benefits of opening a Demat account?

Demat account is an essential and mandate account if you want to invest in stock and securities. A Demat account is where you can save all your stocks, shares, holding, etc. in a digital format. One can think of it as a bank account, with the only difference that it saves your digital shares and stock. If one needs to buy or sells stocks, then the transactions can only be done through a Demat account.

2. How easy is it to open a Prostocks Demat account?

Opening a Prostocks Demat account is one of the most straightforward processes there is. Fill the details given online along with the Online e-KYC form. Once submitted, you will be contacted with the requirements, if any, and account details.

3. What are the documents required to open the Prostocks Demat account?

The documents required to open a Prostocks Demat account are very basic. The documents required are

Tax identity card like Pan Card
Address Proof
Photo
Bank Proof (Cancelled Cheque, Passbook copy with name)
Income Proof (Six months bank statement)
IPV (PAN or Aadhar with selfie)
Client Specimen signature

4. What are the charges for opening a Prostocks Demat account?

Currently, they are providing the investors with a free Demat and Trading account for a limited period. For more on charges, you can also visit this link.

5. Can I buy shares and stocks without opening a Demat account?

One cannot buy or sell shares of stocks and shares without a Demat account. Therefore, one should get a Demat account open and then buy and sell shares.