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: 

  1. Integrated account (DEMAT, Trading & Savings)
  2. Trading option- multiple.
  3. NRI trading facility
  4. Margin Trading
  5. Research & Advisory support. 

Prostocks:

  1. Exchange Transaction charge- lowest
  2. Flat fee for brokerage plans
  3. Strong customer support.
  4. Paperless & fully online account opening process.
  5. 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 GlobalProStocks
Overall Rating★★★★★★★
Brokerage Charges★★★★★★★
Trading Platform★★★★★★★
Investments Offering★★★★★★★
Customer Service★★★★★★★
Broker Type Full-Service BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX, NCDEXNSE, BSE
SMC Global Vs Prostocks Review

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. 

ChargesSMC GlobalProStocks
Trading Account Opening FeesINR. 1000/-Free
Trading AMCFreeFree
DEMAT AOFFreeFree
DEMAT AMCINR.300 PAINR.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 TypesSMC GlobalProStocks
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. 

ParticularsSMC GlobalProStocks
Plan NameStandard Trading Plan (Percentage Based)Flat Fee INR.15 Trading Plan
Equity Delivery0.3% or 30 paisaFlat Fee INR.15
Equity Intraday0.03% or 3 paisaFlat Fee INR.15
Equity Futures0.03% or 3 paisaFlat Fee INR.15
Equity OptionsINR.70 Per LotFlat Fee INR.15
Currency Futures0.03% or 3 paisaFlat Fee INR.15
Currency OptionsINR.20 Per LotFlat Fee INR.15
Commodity Trading0.03% or 3 paisaNA
Minimum BrokerageINR.25 per trade or 2.5% of the trade value whichever is lowerNA
Hidden ChargesInfo Not AvailableNo
FundingYes – 18% interest PANo
Call & Trade ChargesFreeINR.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.

ParticularsSMC GlobalProStocks
Equity DeliveryINR.325 Per CrINR.325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.190 Per Cr
Equity OptionsINR.5000 Per CrINR.5000 Per Cr
Currency FuturesINR.110 Per CrINR.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNon-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.

ParticularsSMC GlobalProStocks
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 Time3:15 PM3:15 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. 

ParticularsSMC GlobalProStocks
Desktop Trading PlatformODIN DietProStocks, NSE NOW
Desktop Platform (Windows)
Desktop Platform (Mac)🗶🗶
Web Trading Platform
Web Trading Detailtrade.smcindiaonline.com/easytradeprostocksweb.com
Mobile Site
Mobile Trading
Mobile Trading AppSMCEasyTradeProStocks Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

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.

ParticularsSMC GlobalProStocks
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 OptionsInsuranceNIL

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. 

ParticularsSMC GlobalProStocks
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.

ParticularsSMC GlobalProStocks
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/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education smctradeonline.com/research/new-lettersprostocks.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.comprostocks.com
open prostocks demat account

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.

 ParticularsSMC GlobalProStocks
DP SourceCDSLCDSL
DP ID 1910083200
DEMAT AMCINR.250 paFree (INR.1000 Refundable Deposit)
Advance DepositAMC will be charged in advance.INR.1000/- Refundable Deposit against charges
Statutory chargesStamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)INR.12INR.8 + INR.5.50 (CDSL Charges) Flat Fee for every transaction
DEMATINR.3 per certificate + courier chargesINR.50 per set up + INR.50 courier charges
REMATINR.20 for every hundred securities + courier chargesINR.50 per set up + INR.50 courier charges
Pledge CreationINR.50 per instructionINR.50
Pledge Creation ConfirmationINR.50 per instructionNil
Pledge ClosureINR.25 per instructionINR.50
Pledge Closure ConfirmationINR.25 per instructionNil
Pledge InvocationINR.25 per instructionINR.50
Failed Instruction ChargesINR.20INR.50 per transaction
Other ChargesNilNil
Open Demat Account With SMC Global
Open Demat Account With SMC Global

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.