Procon - Cheapest Equity/Commodity Broker

jagankris

Well-Known Member
#1
Hi Friends,

Happened to find one more discount broker offering flat brokerage Equity/Commodity for unlimited trading @1000 rs.

http://www.indiaprocon.com/index.html

Members pls share your experiences with them if you have already account with them.

I have asked them to visit Traderji to explain their plans for the benefit of our members.

Note:- I don't have any affiliation with them nor I don't have an account with them.
 
#4
anyone using their services? they have equities
PRO-TRADER 999 PLAN

Pay a fixed brokerage of Rs.1000/- per months and do unlimited trades and unlimited volumes.
This scheme is for professional high-volume traders who otherwise have to shell out brokerage on volumes or number of trades.

SMART-INVESTOR 010 PLAN

Pay Rs. 10/- per trade, unlimited volumes.
This scheme is for the discerning investor who wants to save as much on brokerage so that he could maximize his profits.
 
#6
Hi to all...

Yes really they are providing a lowest brokerage with no hidden charges...
Without confusion of brokerage calculation and hidden charges, we can trade..
fixed monthly monthly brokerage of Rs.1000/month or Rs.10 per execution..


Enjoy Trading..
Cheers.:thumb:
 
#7
Does any one holding account with Procon? Please share your real-time experience. i am from Chennai. They also provide service from Chennai.
Also need to clarify their Transaction charges or other hidden charges.
 
#8
hi,
i called them today. For the next 30 mins i was given this num and that num to call:(. to ask about account and everything
They did not even knew what is the meaning of margin or exposure.
Poor customer support.
 
#9
This shows it is meaningless to search for the most cheapest broker which will inturn give the most poorest service. So beware to get struck with them. i just applied for RKSV account. Hope i made the right decision.
 
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#10
I think all the brokers who are running threads here and are replying are gud.
RKSV,VPS ZERODHA and TRADE SMART ONLINE.
Rest all who appear in the list of discount brokers , i have talked to all of them.
Achiievers have a thread here but disgusting customer support.
i asked what are the transaction and other charges and they replied we don't have a file of that,its duty of the client to calculate it:lol:
The customer executive ppl who are sitting in procon,achievers,SAS, iwas not impressed at all with them.

Alice blue is ok .They are providing one plan of .005% brokerage where the intraday exposure of nse and mcx is 5 times .
Nse carry fwd is full margin but for commodities they say they will give 2 times margin for carry fwd.(Don't know how ??)I was told this
So one can trade with less margin but has to give a little bit more in brokerage.
Their transaction and other charges are also competitive and provide a single ledger balance, means u can deposit money in nse and trade in mcx .
 

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