SMC Global Vs Prostocks (Compare SMC Global and Prostocks)

SMC Global Vs Prostocks

Incorporated in 1994, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 branches across India. Incorporated in , Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	SMC Global	Prostocks
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX	BSE, NSE
Year of Incorporation	1994
Number of Branches	2450	1
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SMC Global Vs Prostocks Charges & AMC

SMC Global trading account opening charges is Nil while Prostocks account opening changes is Rs 0. SMC Global Demat Account AMC Charges is Rs 300 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

	SMC Global	Prostocks
Trading Account Opening Charges	Nil	Rs 0
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Rs 499	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 0 (Lifetime Zero AMC)

SMC Global Vs Prostocks Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15.

	SMC Global	Prostocks
Account Type		Flat Rate Plan
Fixed Charges
Equity Delivery	0.3%	Rs 0 (Free)
Equity Intraday	0.03%	Rs 15
Equity Futures	0.03%	Rs 15
Equity Options	Rs 70 per lot	Rs 15
Currency Futures	0.03%	Rs 15
Currency Options	Rs 20 per lot	Rs 15
Commodity Futures	0.03%	NA
Commodity Options	0.03%	NA
Special Offer		Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

SMC Global Vs Prostocks Brokerage Plan 2

	SMC Global	Prostocks
Account Type		Unlimited Equity Trading Plan
Fixed Charges		Rs 899
Equity Delivery	0.3%	Rs 0
Equity Intraday	0.03%	Rs 0
Equity Futures	0.03%	Rs 0
Equity Options	Rs 70 per lot	Rs 0
Currency Futures	0.03%	NA
Currency Options	Rs 20 per lot	NA
Commodity Futures	0.03%	NA
Commodity Options	0.03%	NA
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SMC Global Vs Prostocks Brokerage Plan 3

	SMC Global	Prostocks
Account Type		Unlimited Currency Trading Plan
Fixed Charges		Rs 499
Equity Delivery	0.3%	NA
Equity Intraday	0.03%	NA
Equity Futures	0.03%	NA
Equity Options	Rs 70 per lot	NA
Currency Futures	0.03%	Rs 0
Currency Options	Rs 20 per lot	Rs 0
Commodity Futures	0.03%	NA
Commodity Options	0.03%	NA
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SMC Global Charges Vs Prostocks

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower	Rs 0
Other Charges
Call & Trade Charges		Rs 0 (Free)

SMC Global Vs Prostocks Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Prostocks exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium).

	SMC Global	Prostocks
Equity Delivery	0.0035%	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	0.0035%	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	0.0029%	NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)
Equity Options	0.065% (on premium)	NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)
Currency Futures	0.0029%	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options	0.065% (on premium)	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	0.0030%
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SMC Global Vs Prostocks Leverage (Margin)

SMC Global margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Prostocks margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	SMC Global	Prostocks
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare SMC Global and Prostocks Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Prostocks offers ProStocks, NSE NOW trading software.

	SMC Global	Prostocks
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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
Referral Program
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SMC Global Vs Prostocks Review

SMC Global is rated 3.7 of 5 based on 16 customer reviews whereas Prostocks is rated 3.1 of 5 based on 34 customer reviews.

	SMC Global	Prostocks
	16 Customer Reviews	34 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SMC Global is rated 3.7 of 5 based on 16 customer reviews	Prostocks is rated 3.1 of 5 based on 34 customer reviews

SMC Global Vs Prostocks Investment Options

	SMC Global	Prostocks
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

SMC Global Vs Prostocks Order Type Offered

	SMC Global	Prostocks
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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SMC Global Vs Prostocks Research Report

	SMC Global	Prostocks
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

SMC Global Vs Prostocks Suitable For Investor Type

	SMC Global	Prostocks
Casual Investor
Active Investor
Trader

SMC Global Vs Prostocks - Pros and Cons

	SMC Global	Prostocks
Pros	They have 50+ branches for extensive reach. Call and trade facility is also available. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.	Cheapest flat fee broker in India. Offers Rs 899 unlimited equity and equity f&o trading and Rs 15 per trade plan. Cover Order (CO) is available in unlimited monthly plan. Bracket order is coming soon. Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account. 2-in-1 Accounts offers seamless transactions between trading and demat account. 2 Pricing plans to choose from. Lowest exchange transaction changes, guaranteed. Life time free demat account with one time Rs 1000 deposit. No account opening and no annual maintenance charges. ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee. Cheapest Call & Trade fee (Rs 10 per executed order) among all discount brokers. Other brokers charge minimum Rs 20 per trade. 24x7 customer service though Advance Interactive voice response(IVR).
Cons	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.
Reviews		Useful articles about ProStocks: The Top 10 Reasons to Trade with ProStocks
Promo / Offers		Unlimited Monthly Trading @ Rs 899 Monthly unlimited trading plan @ Rs 899. Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O + Lifetime Free AMC Demat Account + API for alog trading. This is a limited-time offer. Open FREE Instant Demat Account and start trading today.
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