ProStocks Overview
Our mission is to make trading extremely convenient and inexpensive.
Founders: S P Toshniwal (CEO)
Offices: Mumbai, Daman
Industry: Online Stock Broker
Products: Stocks, Options, Futures, Currencies
Services: Equity Trading, Derivatives Trading, Currency Trading, Depository Services
Founded: Feb, 2016
Country: India
Membership Information
SEBI Broker Regn. No.: INZ000048660 Web | Pdf
BSE Member code: 6635
NSE Member code: 90084 Web | Pdf
SEBI DP Regn. No.: IN-DP-280-2016 Web | PDF
CDSL DP ID: 12083200
AMFI Registration No (ARN): 119535
About ProStocks
ProStocks, a Sunlight Broking LLP venture, is a leading online brokerage firm allowing customers to invest and trade in stocks listed in Indian Stock Market. Customers can trade at BSE and NSE in segments including Equity Cash (Intraday and Delivery), Equity Derivatives (Futures and Options), Currency Derivatives (Futures and Options) and Depository Services. We intend to start Mutual Fund Services soon.
We provide the trading services at a very low brokerage fee in comparison to the traditional brokers. Average customer saves between 60% to 99% brokerage with us. We are able to offer services at lower fee because of efficiently managing our expenses and upfront investment in technology to reduce the cost of transactions as volume increases. We are online broker and do not have overheads like branches, RMs, expensive advertisement etc.
We are registered broker / member of BSE (Membership ID: 6635), NSE (Membership ID: 90084 Web | Pdf) and depository participant of CDSL. We are SEBI registered Stock Broker (SEBI Registration no.: INZ000048660) and Depository Participant (SEBI Registration no.: IN-DP-280-2016).
Our Values
We are a team of Chartered Accountants, Engineers and Designers. We hold the products crafted to the highest standard. For us, client always comes first. We believe that well designed trading platforms and customer support systems are the way to build trust among our clients. We follows client centric ethical and transparent practices along with the highest standard of corporate governance which makes us a preferred provider of financial and investment services to our clients.
Simplicity
We understand that trading & investing in stock markets is a complex affair. Making our trading platform and back-office simple, focused and immediately understandable is hard work. But we believe that by sticking to this goal, we make this really special.
Individual Participation in Equity Markets
The stock market is one of the best available tools for individual wealth creation, generating annual returns higher than any other asset class over the past century. Despite this the retail participation is low in India. Our mission is to empower the new generation to take greater ownership in their financial future with complete transparency.
Our Story
S P Toshniwal
Founder & CEO
S P Toshniwal, our founder has over 25 years experience of Capital Market, both primary and secondary. He is a Chartered Accountant by qualification, with a techno-commercial bent of mind, and has transformed a traditional brokerage firm from paper-based trading to a highly sophisticated technology-driven Broking Company.
Over the last few years, he began to realize that traditional brokers were not passing on the massive savings they got through automation; and thus the idea of ProStocks emerged.