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Samco Vs Prostocks
| | Broker Comparison, Trading | No Comments
Samco Vs Prostocks comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Samco Vs Prostocks Comparison
Prostocks and Samco are very much similar in their selling propositions. Both of them have been launched pretty recently – Samco was launched in 2015 while Prostocks in February 2016.
Both of these are discount brokers, charging a flat amount from customers for every transaction without considering the size of the transaction (unlike full-service brokers which can be expensive).
Everything about both these discount brokers is “online”, be it – customer service, trading, account opening and so on. With all these similarities, surely there are few differences. These differences can be minute to few but can make a big difference to others. It all really depends on your preferences, your online appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between Samco Vs Prostocks to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Samco Vs Prostocks Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Prostocks Review | Samco Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2016 | 2015 |
| Number of branches across India | 2 | 1 |
| Exchanges | BSE, NSE | BSE, NSE, MCX-SX, MCX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹800-₹1400 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹400 |
| Transaction Charges | Prostocks Transaction Charges | Samco Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | ₹20 or 0.2% per executed trade whichever is lower |
| Intraday Delivery | ₹15 per executed trade | ₹20 or 0.02% per executed trade whichever is lower |
| Equity Futures | ₹15 per executed trade | ₹20 or 0.02% per executed trade whichever is lower |
| Equity Options | ₹15 per executed trade | ₹20 per executed trade |
| Currency Futures | ₹15 per executed trade | ₹20 or 0.02% per executed trade whichever is lower |
| Currency Options | ₹15 per executed trade | ₹20 per executed trade |
| Commodity | NA | ₹20 or 0.02% per executed trade whichever is lower |
| Calculate Brokerage | Prostocks Brokerage Calculator | Samco Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 4 times |
| Equity Futures | Upto 1.5 times | Upto 4 times |
| Equity Options | Upto 1.5 times | Upto 4 times |
| Currency Futures | NA | Upto 4 times |
| Currency Options | NA | Upto 4 times |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ProStocks Web, ProStocks Mobile and ProStocks Desktop | Trader, Web5, Mobile App |
| Total BSE+NSE Complaints | 0.15% | 0.10% |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Samco Vs Prostocks for the benefits of other readers? Please feel free to share in the comments below.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Samco Vs Prostocks
Overall Rating
