Samco VS Prostocks comparison: Demat, Brokerage, Margin

Samco VS Prostocks Comparison

Samco and Prostocks are both discount stock brokering service providers who have their platforms and products to increase the overall quality of doing business for their clients.

You are here to look at the details like advantages and also at some of the selected features of Samco Prostocks comparison.

Samco VS Prostocks company details

Samco

Samco was founded by Jimeet Modi who is also the company’s CEO who has more than 12 years of vast knowledge and experience in the field of capital markets.

The company is established in 2015 in Mumbai and is further managed by its chairman Vipul Modi and key people like Siddhart Mehta and Sivaramakrishnan Iyer.

They manage IPO, funds, depository, margin based products, high leverage for trading, ETFs, equity with having separate financial body to deal with commodity and finance and holdings.

Prostocks

Prostocks is a venture from Sunlight Broking LLP and is founded by S P Toshniwal, the CEO of the firm and Saurabh Ranka.

Both are chartered accountants and have years of experience to offer their expertise. Prostocks has offices in Mumbai and Daman and was started in the year 2016.

The offer their services in currencies, options, depository services, futures, online investing and trading, keeping their retail business focused to let their clients have a great experience with their wealth creation and yearly returns.

Particulars	Samco	Prostocks
Company Type	Private	Private
Established in	2015	2016
Headquarters	Mumbai, India	Mumbai, India
Founder(s)	Mr. Jimeet Modi	Mr. S P Toshniwal, Mr. Saurabh Ranka
Type of Broker	Discount Stock Broker	Discount Stock Broker
No. of branches	1 branch	2 branches
Supported Exchanges	NSE, BSE, MSEI, MCX, NCDEX	NSE, BSE
Website URL	www.samco.in	www.prostocks.com
Active Client Base	100000+	40000+

Samco VS Prostocks products comparison

Samco

Stocknote Web – A brand new stock trading application that is based on Samco’s very own proprietary Giga Trading Engine platform. It makes trading very simple and the clients get many advantages in trading and investing in the Indian stocks’ market.

Samco Trader – An exe application for windows which brings speed, highly dependable and well built platform displaying matchless performance

It helps with market tracking, transfer of funds, stock price notifications, etc.

Rank MF – A innovative ranking platform for mutual funds. The investments that are made in mutual fund can definitely be better managed with Samcos’ dedicated mutual fund platform.

It gives you great confidence with ratings, debt instruments, indicators to know when stocks are volatile or not, to give you an unbiased and genuine assessment of the funds.

Stockbasket – A platform for investing with custom made stocks by experts of Samco with a whopping 25 parameters of smart stock rated criterion.

It specifies and encourages creating wealth and should be able to access by both a beginners and experienced investors.

Whether having savings for children’s education or for investment for money growth, Stockbasket is careful with stocks’ quality to give you low risk with your investments.

Samco Star – A back office platform to look at your account and analyze your share holdings, funds credit or withdrawal, etc.

Prostocks

Prostocks Web – As per the name the platform is website based where the application is able to access in any machine which can be securely used to get real time news, quotes for trading.

It is a reliable platform for online trading offering payment gateways with prominent banks. sms and email alerts, functional keys for broking terminal etc.

Prostocks Mobile – The mobile trading app that gives convenience in trading through your mobile phone, to get access to multiple assets and stock exchanges all with a safe platform and being light weight and regular updates.

Prostocks Desktop – Another platform from Prostocks that is meant for heavy trading in the competitive market, supplying the necessary tools for making strategies identify the shifts in share market to determine the movements in stock prices.

Clients can monitor the bulk trades, customization of trading screen to easily analyse the market trends, charts for comparison, etc.

Investment Options	Samco	Prostocks
Stock/Equity Trading	Available	Available
Commodity Trading	Available	Not Available
Currency & Derivatives	Available	Available
Online IPO Application	Available	Not Available
Mutual Funds	Not Available	Available
Bond/NCD	Not Available	Available
Debt	Not Available	Available
ETF	Available	Available
Banking	Not Available	Not Available
Insurance	Not Available	Not Available
Forex	Not Available	Not Available
Equity SIP Investment	Available	Available
MF SIP Investment	Not Available	Available
PMS	Not Available	Not Available

Samco VS Prostocks Benefit Comparison

Samco

Prostocks

Partner plans to make earnings with Samco to gain income from your own clients when they purchase stockbasket, brokerage earnings from referral clients, business partnership extra perks occasionally and also earn more with subscription products of Samco when referrals buy them through you.

Customization of your stock market experience with stocknote with full brokerage cashback of whole first month when all orders traded through the stocknote platform is done.

Quick and vivid video tutorials along with their wide list of knowledge base for detailing oneself with trading instruments, their subscription plans, brokerage related infos, trading charts and many more technical analysis.

They have a IVR system which have advanced features with predefined keys for easily accessing shortcuts for easy accessing all trading report infos.

They have three plans for clients’ flexibility and convenience which are flat free plan that charges Rs. 15 per executed lot., monthly unlimited plan of Rs. 899 for equity, Rs. 499 for currency and yearly unlimited plan of Rs. 8999 for equity and Rs. 4999 for currency.

Information about investment in stock split, balance, buyback about actions of corporate firms is notified at proper time.

Samco VS Prostocks Account Open Compare

The online account opening link is

To online open account in Prostocks, the link

Samco

Prostocks

Fill your mobile, name, email id and then click on sign up for free.

In the next step set a password, confirm again and submit.

Enter your pan no. and date of birth and click on next.

Your aadhar no. is needed next which if linked to your mobile no. then the process is early to finish.

Then comes personal details like full name, father and mother’s name, gender, occupation, income annually, etc.

Then comes address, bank account details like account type, no.

Choose the trading segment, experience mention in trading.

Documents upload like income proof, pan, signature, etc.

Complete the digital sign process.

Choose the online application from the three options and click on fill online application.

In another tab of your browser select the sign up option and input your name, status, email, mobile no. and click on generate otp.

Access the 4 digit otp from your email and put on the otp box and click on validate otp.

In the next part supply your pan no., select your account type that you want to open, date of birth, ensure the box be checked to let Prostocks to be authorized to access your KRA system data and then click on continue.

In the preference details you will have to provide your aadhar no., address proof, bank details, etc.

In the next part of other details section give your occupation details, income details, experience with trading, etc.

Select the payment method and pay the account fees as been told.

Submit your documents online like photograph pan, aadhar, address proof, cancelled cheque, bank account statement of last 6 months, etc.

For Prostocks, email at [email protected].

Samco VS Prostocks Charges Comparison

We have here the account charges comparison among two companies Samco and Prostocks is as per:

Types of Charges	Samco Charges	Prostocks Charges
Trading Account	Rs. 0	Rs. 300
Demat Account	Rs. 0	Rs. 100
Commodity Account	Rs. 0	Rs. 0
Annual Maintenance Charges (AMC)	Rs. 400	Rs. 300

Other Charges	Samco Charges	Prostocks Charges
Call and Trade Charges	Rs. 20	Rs. 10

Samco vs Venture Securities Brokerage Charges

Segment	Samco	Prostocks
Equity Delivery	Rs. 20 per lot	Rs. 20 per lot
Equity Intraday	Rs. 20	Rs. 20
Equity Futures	Rs. 20	Rs. 20
Equity Options	Rs. 20	Rs. 20
Currency Futures	Rs. 20	Rs. 20
Currency Options	Rs. 20	Rs. 20
Commodities Futures	Rs. 20	Rs. 20
Commodities Options	Rs. 20	Rs. 20

Samco VS Prostocks Advantages Compare

Samco	Prostocks
They provide a watchlist for caution against stocks which are of low or bad quality by schemers known as manipulators to prevent them from misguiding people to acquire a severe loss. Both trading and demat account are free of charge which is a huge deal to have an account with Samco. They have the best support team for stock trading.	They have link with more than 22 banks so fund transfer is very convenient and easy to process. They don’t charge any fee in case you are not trading actively in a month or so. NRI trading is very low than other stock brokers with charging only Rs, 100 per lot with dedicated platforms for them.

Samco VS Prostocks Brokerage Comparison

Samco

Equity	Equity Delivery	Equity Intraday	Equity Futures	Equity Options
Broker Charges	Rs. 20 per lot	Rs. 20	Rs. 20 per executed order	Rs. 20

Commodity	Commodity Futures	Commodity Options
Broker Charges	Rs. 20	Rs. 20

Currency	Currency Futures	Currency Options
Broker Charges	Rs. 20	Rs. 20

Prostocks

Equity	Equity Delivery	Equity Intraday	Equity Futures	Equity Options
Broker Charges	Rs. 20 per lot	Rs. 20	Rs. 20	Rs. 20

Commodity	Commodity Futures	Commodity Options
Broker Charges	Rs. 20	Rs. 20

Currency	Currency Futures	Currency Options
Broker Charges	Rs. 20	Rs. 20

Samco VS Prostocks margin / Exposure/ Leverage

Particulars	Samco	Prostocks
Equity Delivery	1x	1x
Equity Intraday	3x-15x	7x
Equity Futures	2.5x	2x
Equity Options	2.5x	1x
Currency Futures	2.5x	1.5x
Currency Options	2.5x	1x
Commodities Trading	2.5x	3x

Samco VS Prostocks Comparison Summary

Samco is one of the emerging companies who began their business with focusing on customer satisfaction and providing a lot of options, whereas Prostocks has many plans and flexible trading instruments.