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SMC Global Online Vs Prostocks – Share Brokers Comparison
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SMC Global Online Vs Prostocks
Here is a point by point comparison of SMC Global Online Vs Prostocks. SMC Global Online is a full-service stockbroker with more than 2400 branches across the country. Established back in 1994, SMC Global Online is known for international presence and multiple trading platforms across devices for its retail clients.
Prostocks, relatively a new entrant into the Indian stock market, is a discount broker that charges a flat fee per transaction from the customers. This stockbroking firm was founded recently in February 2016.
Discount brokers such as Prostocks offer trading services at much cheaper brokerage rates and reasonable customer service. Full-service brokers such as SMC Global Online will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between SMC Global Online 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
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Prostocks Review | SMC Global Review | |
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2016 | 1994 |
| Number of branches across India | 2 | 2,450 |
| Exchanges | BSE, NSE | NSE, BSE, MCX, NCDEX, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹300 |
| Demat Account Opening Charges | ₹0 | ₹499 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | SMC Global Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.3% |
| Intraday Delivery | ₹15 per executed trade | 0.03% |
| Equity Futures | ₹15 per executed trade | 0.03% |
| Equity Options | ₹15 per executed trade | ₹70 per lot |
| Currency Futures | ₹15 per executed trade | 0.03% |
| Currency Options | ₹15 per executed trade | ₹20 per lot |
| Commodity | NA | 0.03% |
| Calculate Brokerage | Prostocks Brokerage Calculator | SMC Global Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 10 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 1.5 times | 2 times |
| Equity Options | Upto 1.5 times | NA |
| Currency Futures | NA | NA |
| Currency Options | NA | NA |
| Commodities | NA | 2 times |
| 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 | SMC Privilege, Easy Trader, Mobitrader, TabTrader |
| Complaints Percentage of Active Clients | 0.15% | 0.07% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with SMC Global Online Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.
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SMC Global Online Vs Prostocks
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