Introduction:
These two companies are famous for their trading services, and facilities. They are providing exciting facilities with reasonable prices, to their consumers.
But to choose one of them, a trader should know about the every corner of charges and products, deeply. So, a clear comparison of SMC Global vs Prostocks can lead you to the best option.
SMC Global is a full-service broker organization incorporated in 1994.
One of the oldest most share broker of India it has PAN India presence with 61 branches 2300 registered sub-brokers and uncountable customers.
On the other hand, Prostock is a leading discount broker of India, started its journey in 2016. Being a very customer-oriented broker it has numerous other benefits like lowest exchange transaction charges, lowest stamp duty charges, free DEMAT account AMC, etc.
At a Glance:
SMC Global:
- Integrated account (DEMAT, Trading & Savings)
- Trading option- multiple.
- NRI trading facility
- Margin Trading
- Research & Advisory support.
Prostocks:
- Exchange Transaction charge- lowest
- Flat fee for brokerage plans
- Strong customer support.
- Paperless & fully online account opening process.
- Call & trade is the cheapest of all.
Overview:
Here we have compared SMC Global & Prostocks based on the reviews of customers from various public platforms. From this below review we can derive that in terms of customer service, trading platform, brokerage charge, products- Prostocks is a better option from SMC Global.
| Particulars | SMC Global | ProStocks |
| Overall Rating | ★★★ | ★★★★ |
| Brokerage Charges | ★★★ | ★★★★ |
| Trading Platform | ★★★ | ★★★★ |
| Investments Offering | ★★★ | ★★★★ |
| Customer Service | ★★★ | ★★★★ |
| Broker Type | Full-Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX, NCDEX | NSE, BSE |
Comparative Assessment of AOF & AMC:
Prostocks offers free trading & DEMAT account opening. Trading account AMC is free & DEMAT account AMC is effectively at zero cost (refundable deposit).
SMC Global offers free DEMAT account opening but trading account opening is chargeable.
On the other hand, AMC for trading is free and DEMAT AMC is chargeable. Based on account opening & AMC we can compare SMC Global & Prostocks as below.
| Charges | SMC Global | ProStocks |
| Trading Account Opening Fees | INR. 1000/- | Free |
| Trading AMC | Free | Free |
| DEMAT AOF | Free | Free |
| DEMAT AMC | INR.300 PA | INR.0 (INR.1000 Refundable Deposit) |
| Provide DP Service | ✔ | ✔ |
Also Read: How to Open Demat Account in Different Broker
Comparative Assessment of Brokerage Plan:
Prostocks offers all three kinds of brokerage plans to its customers. But SMC Global being a full-service broker doesn’t offer any brokerage plan to its customers. Based on the brokerage plan option we can compare SMC Global & Prostocks as below.
| Plan Types | SMC Global | ProStocks |
| Multiple Plans | 🗶 | ✔ |
| Monthly Plans | 🗶 | ✔ |
| Yearly Plans | 🗶 | ✔ |
SMC Global Vs Prostocks Brokerage Charge:
Here we have compared SMC Global & Prostocks based on product wise brokerage charge- such as equity delivery, equity intraday, equity futures, equity options, currency futures, currency options & commodity trading, etc.
There is no minimum brokerage in Prostocks whereas SMC Global charges INR.25/ as minimum brokerage.
| Particulars | SMC Global | ProStocks |
| Plan Name | Standard Trading Plan (Percentage Based) | Flat Fee INR.15 Trading Plan |
| Equity Delivery | 0.3% or 30 paisa | Flat Fee INR.15 |
| Equity Intraday | 0.03% or 3 paisa | Flat Fee INR.15 |
| Equity Futures | 0.03% or 3 paisa | Flat Fee INR.15 |
| Equity Options | INR.70 Per Lot | Flat Fee INR.15 |
| Currency Futures | 0.03% or 3 paisa | Flat Fee INR.15 |
| Currency Options | INR.20 Per Lot | Flat Fee INR.15 |
| Commodity Trading | 0.03% or 3 paisa | NA |
| Minimum Brokerage | INR.25 per trade or 2.5% of the trade value whichever is lower | NA |
| Hidden Charges | Info Not Available | No |
| Funding | Yes – 18% interest PA | No |
| Call & Trade Charges | Free | INR.10 per executed order |
Also Read: Prostocks Brokerage Calculator Online
Comparative Assessment of Transaction Fee:
Assessing SMC Global & Prostocks based on transaction fee we get the below details. Here we have compared both these brokers on transaction charges of equity delivery, equity intraday, equity futures, equity options, currency futures & currency options.
| Particulars | SMC Global | ProStocks |
| Equity Delivery | INR.325 Per Cr | INR.325 Per Cr |
| Equity Intraday | INR.325 Per Cr | INR.325 Per Cr |
| Equity Futures | INR.190 Per Cr | INR.190 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5000 Per Cr |
| Currency Futures | INR.110 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | Non-Agri: INR.260 Per Cr Agri: INR.175 Per Cr | NA |
Also Read: SMC Global Brokerage Calculator Online
Comparative Assessment of Account Feature:
All the account features are based on the customer needs and requirements. These are made to make your trading easier and better than before. Comparing SMC Global & Prostocks based on account feature we get the below-mentioned details.
| Particulars | SMC Global | ProStocks |
| 3 in 1 Account | 🗶 | 🗶 |
| Charting | ✔ | ✔ |
| Algo Trading | ✔ | 🗶 |
| SMS Alerts | ✔ | ✔ |
| Online Demo | ✔ | ✔ |
| Online Portfolio | ✔ | 🗶 |
| Margin Trading Funding Available | ✔ | ✔ |
| Combined Ledger for Equity and Commodity | ✔ | 🗶 |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
SMC Global Vs Prostocks Trading Terminal:
In this era of technology, investors are more interested in technology. Here we compared SMC Global & Prostocks based on different trading terminal offerings.
| Particulars | SMC Global | ProStocks |
| Desktop Trading Platform | ODIN Diet | ProStocks, NSE NOW |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | 🗶 | 🗶 |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | trade.smcindiaonline.com/easytrade | prostocksweb.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | SMCEasyTrade | ProStocks Mobile |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Also Read: Smc Global Vs Ventura Securities Comparison
Comparative Assessment of Product:
Comparing Prostocks & SMC Global based on product offering we get the below-mentioned details. It includes currency derivatives service, commodity, ETF dervice, banking facility, etc.
| Particulars | SMC Global | ProStocks |
| Equity Cash and F&O service | ✔ | ✔ |
| Currency Derivatives service | ✔ | ✔ |
| Commodity | ✔ | 🗶 |
| Online IPO Application facility | 🗶 | 🗶 |
| Mutual Funds service | ✔ | 🗶 |
| Bond / NCD | ✔ | 🗶 |
| ETF service | ✔ | ✔ |
| Banking facility | 🗶 | 🗶 |
| Insurance facility | ✔ | 🗶 |
| Forex | 🗶 | 🗶 |
| MF SIP Investment service | ✔ | 🗶 |
| Equity SIP Investment service | 🗶 | 🗶 |
| PMS Service | ✔ | 🗶 |
| Other Investment Options | Insurance | NIL |
SMC Global Vs Prostocks Leverage/Margin
Leverage is also another essential issue to be considered before investing. It influences your trading revenue. Comparing SMC Global & Prostocks based on leverage /margin we get to know the following.
| Particulars | SMC Global | ProStocks |
| Equity Delivery Margin | Maximum 3x leverage for equity delivery – through Margin Funding system. | No Delivery margin. |
| Equity Intraday Margin | Maximum 10x or 10% subject to Variable and ELM. | Maximum 10x or 10% subject to Variable and ELM. |
| Futures Margin | 1x or particular SPAN + leverage rate. | 1x or particular SPAN + leverage rate. |
| Options Margin | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
| Equity CO Margin | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. |
| Options CO Margin | 1x or particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order. | 1x or particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are includedfor Options Cover Order. |
| Commodity Margin | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Also Read: ProStocks Margin Calculator Online
Comparative Assessment of Customer Support:
Both SMC Global & Prostocks are famed for their extensive customer support. Here we have assessed SMC Global & Prostocks based on their customer assistance.
| Particulars | SMC Global | ProStocks |
| 24/7 Customer Service | 🗶 | 🗶 |
| Email Support | ✔ | ✔ |
| Online Live Chat | 🗶 | 🗶 |
| Phone Support | ✔ | ✔ |
| Toll-Free Number | ✔ | 🗶 |
| Through Branches | ✔ | 🗶 |
| Customer Care Number | 91-11-66075200 | +91-2262-434343 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | smctradeonline.com/research/new-letters | prostocks.com/faq.html |
| Head Office Address | SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005 | Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai – 400063 |
| Website | smctradeonline.com | prostocks.com |
Comparative Assessment of DEMAT Account Offering:
Demat account is one of the basic requirements of trading or investing. Nowadays, companies offer so many features also, related to demat account. Depending on the DEMAT account feature we compared SMC Global & Prostocks as below.
| Particulars | SMC Global | ProStocks |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | 83200 |
| DEMAT AMC | INR.250 pa | Free (INR.1000 Refundable Deposit) |
| Advance Deposit | AMC will be charged in advance. | INR.1000/- Refundable Deposit against charges |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | INR.12 | INR.8 + INR.5.50 (CDSL Charges) Flat Fee for every transaction |
| DEMAT | INR.3 per certificate + courier charges | INR.50 per set up + INR.50 courier charges |
| REMAT | INR.20 for every hundred securities + courier charges | INR.50 per set up + INR.50 courier charges |
| Pledge Creation | INR.50 per instruction | INR.50 |
| Pledge Creation Confirmation | INR.50 per instruction | Nil |
| Pledge Closure | INR.25 per instruction | INR.50 |
| Pledge Closure Confirmation | INR.25 per instruction | Nil |
| Pledge Invocation | INR.25 per instruction | INR.50 |
| Failed Instruction Charges | INR.20 | INR.50 per transaction |
| Other Charges | Nil | Nil |
Conclusion:
Both SMC Global & Prostocks are famous for their focus on customer assistance. Full-service broker SMC global provides a huge range of products whereas, Prostocks offers the lowest charges for smooth trading experience. But an individual investor should opt the broker between SMC Global vs Prostocks as per his need only.
