ProStocks vs SAMCO Comparison: 2024

About ProStocks

Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies.  It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.

ProStocks: An Overview

It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and

About SAMCO

SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.

Samco Overview

Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.

It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat

ProStocks vs SAMCO Account Opening Charges: 2024

ChargeProStocksSAMCO
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹0
Trading Account AMC₹0₹0
Demat Account AMC₹0 (with ₹1000 one time refundable deposit)₹400

ProStocks vs SAMCO Brokerage Charges and Plans : 2024

ChargeProStocksSAMCO
Plan NameUnlimited PlanStandard
Equity Delivery₹0₹20 per executed order
Equity Intraday₹0₹20 per executed order
Equity Futures₹0₹20 per executed order
Equity Options₹0₹20 per executed order
Currency Futures₹0₹20 per executed order
Currency Options₹0₹20 per executed order
Commodity OptionsN/A₹20 per executed order
Mutual FundN/AN/A

ProStocks vs SAMCO Margin / Exposure: 2024

SegmentProStocksSAMCO
Equity Delivery1x (no margin)Upto 4x
Equity Intraday7x (Margin intraday sq off)Upto 15x
Equity Future2xUpto 4x
Equity Options1x (no margin)Upto 8x
Currency Future1.5xUpto 3x
Currency Options1x (no margin)Upto 5x
Commodity FutureN/AUpto 5x
Commodity OptionsN/AUpto 5x

ProStocks vs SAMCO Currency Charges and Plans: 2024

ProStocks charge ₹0 for Currency Futures and ₹0 for Currency Options whereas SAMCO Charges ₹20 per executed order for Currency futures and ₹20 per executed order for Currency options.
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