ProStocks

ProStocks, a trading name of Sunlight Broking LLP, is an Indian discount stockbroker headquartered in Mumbai, with additional offices in Daman. The broker was founded in February 2016 (as per its website) and registered as a partnership firm. It aims to provide low-cost trading and investment services to retail clients.

The broker’s registered address is B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063, and its official domain is prostocks.com. ProStocks has a social media presence on Facebook, LinkedIn, Twitter/X, and YouTube.

ProStocks is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker under registration number INZ000048660. It is also a member of the Bombay Stock Exchange (BSE member code 6635) and the National Stock Exchange (NSE member code 90084). Additionally, it holds a SEBI Depository Participant registration (IN-DP-280-2016) and is associated with CDSL (DP ID 12083200). The broker is also registered with the Association of Mutual Funds in India (AMFI) under ARN 119535.

Despite these registrations, our internal records initially listed no regulators on file; however, web evidence confirms active SEBI oversight. Traders should independently verify the current status of these licences through SEBI’s public register.

ProStocks offers trading in equities (delivery, intraday, and F&O), equity derivatives, and currency derivatives on the NSE and BSE. It also provides depository services for holding securities in demat form. The broker does not offer commodity trading, international stocks, or leveraged forex/CFD products typical of retail forex brokers.

Other services include call and trade, margin calculators, and a range of order types such as bracket orders and cover orders. The broker claims no proprietary trading and does not offer investment advisory services.

The broker provides a single combined trading and demat account (2-in-1 account) with no account opening fees. There are three main pricing plans: a per-order plan at ₹15 per executed order (zero for delivery), monthly unlimited plans for equity (₹899 single exchange, ₹1,798 dual) and currency (₹499), and an annual unlimited plan (₹8,999). A separate API plan is offered for algorithmic traders.

Account opening is entirely online and paperless, requiring KYC documents such as Aadhaar and PAN. The broker also offers nomination facilities and re-KYC for dormant accounts.

ProStocks provides a proprietary trading platform called FoxTrader, which is available as a web-based terminal, a mobile app, and a desktop application. The platform supports advanced order types, real-time charts, and margin calculators. The broker also offers API access for custom trading solutions.

The mobile app supports iOS and Android, and the desktop platform is compatible with Windows. According to the broker, all platforms are free of charge and include features like GTT (Good Till Triggered) orders and basket orders.

Clients can fund their trading accounts via UPI (using a personalised VPA), net banking, NEFT/IMPS/RTGS, and a payment gateway. The broker provides bank account details under the name Sunlight Broking LLP at HDFC Bank. A nominal charge of ₹9 + GST applies for net banking payments through the payment gateway (free for HDFC and Yes Bank accounts).

Withdrawals are processed through the same channels. The broker promises secure fund transfers and does not charge additional fees for withdrawals, though standard bank charges may apply.

ProStocks offers customer support via phone (022-62 43 43 43 / 022-38 110 110) from Monday to Friday (9am to 7pm) and Saturday (10am to 5pm). The website also provides a callback request form and a detailed FAQ section covering account opening, trading, and technical issues.

The broker does not offer live chat support, but its social media channels and email are likely available for queries. The company’s registered address and founder details (CEO S P Toshniwal) are publicly listed.