ProStocks Vs SMC Global - Broker Comparison

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Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Trading Account Opening Fee	₹0	₹0	₹1000
Trading Account AMC	₹0	₹0	₹0
Demat Account Opening Fee	₹0	₹0	₹0
Demat Account AMC *	₹0	₹0	₹300

Collects ₹1000 refundable deposit towards demat account

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Monthly Fee	₹899 (unlimited equity trading in an exchange) ₹499 (unlimited currency trading in an exchange)	NA	NA
Equity Delivery	₹0	₹0	0.30%
Equity Intraday	₹0	₹15	0.03%
Equity Future	₹0	₹15	0.03%
Equity Options	₹0	₹15	₹70 per lot
Currency Futures	₹0	₹15	0.03%
Currency Options	₹0	₹15	₹20 per lot
Commodity	NA	NA	0.03%

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Equity Delivery	NSE ₹325 \| BSE ₹275	NSE ₹325 \| BSE ₹275	₹350
Equity Intraday	NSE ₹325 \| BSE ₹275	NSE ₹325 \| BSE ₹275	₹350
Equity Future *	NSE ₹190 \| BSE ₹50	NSE ₹190 \| BSE ₹50	₹290
Equity Options *	NSE ₹5000 \| BSE ₹2500	NSE ₹5000 \| BSE ₹2500	₹6500
Currency Futures *	NSE ₹90 \| BSE ₹15	NSE ₹90 \| BSE ₹15	₹290
Currency Options	NSE ₹4000 \| BSE ₹1000	NSE ₹4000 \| BSE ₹1000	₹6500

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Minimum Brokerage	₹0	₹0	₹25 per trade or 2.5% of the trade value whichever is lower
Call & Trade	Intraday and F&O: ₹10 per trade. Delivery: ₹25 per trade.	Intraday and F&O: ₹10 per trade. Delivery: ₹25 per trade.	-
DP Charges (on sell side)	₹20 per scrip	₹20 per scrip	₹15 per scrip
Other Miscellaneous Charges	-	-	-

Demat Account Charges

Find charges for the best Demat Account for small investors

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Depository Service Provider	CDSL	CDSL	CDSL
Account Opening Fee	Nil	Nil	Nil.
Advance Deposite	Lifetime Zero AMC Scheme - ₹1000 onetime refundable deposit	Lifetime Zero AMC Scheme - ₹1000 onetime refundable deposit	-
AMC	Nil	Nil	₹5 Per Certificate (₹30 for 1st Certificate) Courier Charges Individual Client General AMC Scheme: ₹300 P.A. (POA Clients), ₹350 P.A. (Non POA Clients) Onetime Yearly AMC Scheme: ₹1000 P.A.(POA Clients), ₹1300 P.A. (Non POA Clients) No AMC Scheme: ₹3000 Refundable Deposit Corporate Clients: ₹1000 P.A.
Dematerialisation Charges	₹50 per set up + ₹50 courier charges	₹50 per set up + ₹50 courier charges	Extra (₹25 for Local & ₹40 for outstation courier)
Rematerialisation Charges	₹50 per set up + ₹50 courier charges	₹50 per set up + ₹50 courier charges	₹25 (For one certificate/100 shares) Courier Charges Extra(₹25 for Local & ₹40 for outstation courier)
Transaction Charges (Credit)	-	-	-
Transaction Charges (debit)	₹20	₹20	On Maket Transaction: ₹15 (POA Clients), ₹20 (Non POA clients) Off Market Instruction: 0.03% (subject to Min. ₹20 & Max. ₹50 Charges Per instruction)
Pledge Creation Charges	Rs 50 per set up	Rs 50 per set up	₹60
Pledge Creation Confirmation Charges	Nil	Nil	₹60
Pledge Invocation Charges	₹50 per set up	₹50 per set up	₹30
Failed Instruction Charges	Failed transactions ₹50 per ISIN	Failed transactions ₹50 per ISIN	₹20 per instruction
Other Charges	GST on all charges (excluding franking charges)	GST on all charges (excluding franking charges)	AMC charged yearly in advance. DIS Book Charges: ₹30 (20 leafs) Client Modification Charges: ₹25 Security deposit for CDSL 'easiest' facility (optional) is ₹2,500

Features

Compare key features offered the brokers.

	Fix Monthly Plan (₹499 or ₹899 per month)	Flat Fee Plan (₹15 per executed order)	SMC Global Limited
			SMC Global Limited
Trading Platform	ProStocks Desktop ProStocks Web ProStocks Mobile NOW Desktop NOW Web NOW Mobile	ProStocks Desktop ProStocks Web ProStocks Mobile NOW Desktop NOW Web NOW Mobile	ODIN

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account. Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES

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