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SMC Global Vs ProStocks Share Broker Comparison

The side-by-side comparison of SMC Global Limited and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between SMC Global and ProStocks's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among SMC Global and ProStocks.

  SMC Global Limited ProStocks
 
SMC Global Limited Logo ProStocks Logo
About the Broker Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through office... Know more about SMC Global Limited ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited ... Know more about ProStocks
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX, NCDEX BSE, NSE
Account Type Flat Fee Plan
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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Stock Broker Fees / Charges

  SMC Global Limited ProStocks
Trading Account Opening Fees Nil ₹0
Trading Account AMC Nil ₹0
Demat Account Opening Fees Rs 499 ₹0
Demat Account AMC Rs 300 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  SMC Global Limited ProStocks
Account Type Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.3% ₹15
Equity Intraday Brokerage 0.03% ₹15
Equity Futures Brokerage 0.03% ₹15
Equity Options Brokerage Rs.70 per lot ₹15
Currency Futures Trading Brokerage 0.03% ₹15
Currency Options Trading Brokerage Rs.20 per lot ₹15
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  SMC Global Limited ProStocks
Account Type Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage 0.3% ₹0
Equity Intraday Brokerage 0.03% ₹0
Equity Futures Brokerage 0.03% ₹0
Equity Options Brokerage Rs.70 per lot ₹0
Currency Futures Trading Brokerage 0.03%
Currency Options Trading Brokerage Rs.20 per lot
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 3

  SMC Global Limited ProStocks
Account Type Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.3%
Equity Intraday Brokerage 0.03%
Equity Futures Brokerage 0.03%
Equity Options Brokerage Rs.70 per lot
Currency Futures Trading Brokerage 0.03% ₹0
Currency Options Trading Brokerage Rs.20 per lot ₹0
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage 0.03%

Other Charges

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges
Call & Trade Charges
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Taxes

  SMC Global Limited 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  SMC Global Limited ProStocks
Equity Delivery 0.0035% NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.0035% NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.0029% NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.065% (on premium) NSE: 0.050% | BSE: 0.0025%
Currency Futures 0.0029% NSE: 0.0011% | BSE: 0.0001%
Currency Options 0.065% (on premium) NSE: 0.040% | BSE: 0.0001%
Commodity 0.0030%
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Exposure

  SMC Global Limited ProStocks
Equity Delivery Upto 3x 1x (no margin)
Equity Intraday Upto 10x Intraday 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures Upto 2x 1.5x
Equity Options NA 1x (no margin)
Currency Futures NA 1.5x
Currency Options NA 1x (no margin)
Commodity Upto 2x NA
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Share Broker Features

  SMC Global Limited ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader ProStocks, NSE NOW
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM
Other Features
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Broker Ratings (Average User Rating)

  SMC Global Limited ProStocks
  13 Customer Reviews    Rate SMC Global 24 Customer Reviews    Rate ProStocks
Fees Ratings 3.8 4.6
Trading Brokerage Rating 3.3 4.4
Trading Platform Usability 3.9 2.9
Customer Service Ratings 3.8 3.1
Overall Ratings Rated 3.8 stars Rated 3.3 stars
Broker Rating SMC Global is Rated 3.8 / 5 based on 13 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Limited ProStocks
Contact / Request Call Back
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Investment Options Available

  SMC Global Limited ProStocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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Customer Service Offered

  SMC Global Limited ProStocks
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  SMC Global Limited ProStocks
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  SMC Global Limited ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  SMC Global Limited ProStocks
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  SMC Global Limited ProStocks
Pros
  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.

More Advantages...

  • Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 5 Pricing plans to choose from offers flexibility to stock market investors and active trader. Its extremely easy to switch between the plans.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges.
  • Lowest stamp duty for customer outside Maharashtra. Max stamp duty charged is ₹50 per day.
  • ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee.
  • Cheapest Call & Trade fee (₹10 per executed order) among all discount brokers. Other brokers charge minimum ₹20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).

More Advantages...

Cons
  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
Promo / Offers

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

Enquire about SMC Global Enquire about ProStocks
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