Unlimited Trading @ Rs 899 per month - Prostocks

SMC Global Vs Prostocks NRI Account Comparison

The side-by-side comparison of SMC Global and Prostocks NRI Account. Compare SMC Global Vs Prostocks NRI Account brokerage charges, exposure margin, demat account and AMC. Read Prostocks and SMC Global NRI Account reviews.

Find out SMC Global Vs Prostocks which is better NRI Trading Account. See SMC Global Vs Prostocks which is best NRI Demat Account.

Our SMC Global Limited comparison with Prostocks highlights the major differences between two brokers. Find the best between SMC Global and Prostocks NRI Account.

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SMC Global Vs Prostocks

  SMC Global Prostocks
 
SMC Global Limited Logo Prostocks Logo
About the Broker SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited Prostocks is a flat-fee discount stock broker offering online investing and trading services to Resident and NRI Investors. It offers a 2-in-1 account, combining trading and demat account, to NRIs to trade across equity, derivatives, mutual funds, an... Know more about Prostocks
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Prostocks. Leave your contact info and we will get in touch with you.
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SMC Global Vs Prostocks Charges

  SMC Global Prostocks
NRI Account Opening Fees ₹1000 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹499 ₹0 (Free)
NRI Demat Account AMC ₹300 ₹0 (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Prostocks NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Prostocks
Account Type NRI Account NRI Account
Equity Delivery 0.50% ₹100 per executed order
Equity Futures 0.05% ₹100 per executed order
Equity Options ₹75 per lot ₹100 per executed order

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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SMC Global Vs Prostocks NRI Account Taxes/Fees

  SMC Global Prostocks
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges ₹15 per Crore ₹15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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SMC Global Vs Prostocks NRI Account Exposure Margin

  SMC Global Prostocks
Equity Delivery
Equity Futures
Equity Options
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SMC Global and Prostocks NRI Account Feature Comparison

  SMC Global Prostocks
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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SMC Global Vs Prostocks NRI Account Review

  SMC Global Prostocks
  14 Customer Reviews    Rate SMC Global 28 Customer Reviews    Rate Prostocks
Fees 3.9 4.7
Brokerage 3.4 4.4
Trading Platform 3.9 2.9
Customer Service 3.8 3.3
Overall Rating Rated 3.9 stars Rated 3.3 stars
Broker Rating SMC Global is Rated 3.9 / 5 based on 14 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Prostocks
Contact Broker
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SMC Global Vs Prostocks NRI Investment Options

  SMC Global Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance
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SMC Global Vs Prostocks NRI Customer Service

  SMC Global Prostocks
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email nridesk@smcindiaonline.com sales@prostocks.com
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SMC Global Vs Prostocks Order Type Offered for NRI Account

  SMC Global Prostocks
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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SMC Global Vs Prostocks - NRI Account Advantages and Disadvantages

  SMC Global Prostocks
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  • Prostocks charges a flat fee of Rs 100 per executed order which is the cheapest fee charged by any broker in India.
  • Traders can choose from in-house trading platforms or NSE NOW software to trade as per their convenience.
  • Demat and Trading accounts at Prostocks are lifetime AMC free.
  • NRI customer doesn't require separate Custodial Account to trade in Equity F&O. Prostocks is a registered clearing member who can get the CP code for NRI and clear the trades. This offers a huge saving for NRI customers.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
  • GTC (Good Till Cancel) and AMO (After Market Order) not available.
Conclusion

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

Prostocks offer online trading service at the cheapest brokerage rate to the NRIs. It has partnerships with 5 popular banks in India to offer NRI trading. The free account opening and AMC free demat & trading account is an added advantage for the NRI customers. Prostocks doesn't provide research and advisory service. It suits well for frequent traders who execute 100's of trades daily.

Promo / Offers
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SMC Global Vs Prostocks - More Reviews

  SMC Global Prostocks
NRI Trading Review SMC Global NRI Account Review Prostocks NRI Account Review
Enquire SMC Global Enquire Prostocks
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