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SMC Global Review 2024

Rated 3/5 by InvestorGain Team
Last updated on: 25-Aug-2023
SMC Global Limited Review
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SMC Global Review 2024 - Quick Summary

Open a free SMC Global account today to trade on the BSE, NSE, and MCX. Get the best quality research, wealth management & portfolio management advisory, and trade on advanced Easy Trade App and Privilege desktop software.

SMC Global Top Highlight for 2024

  • 30 years of trust.
  • Wide range of financial products and services.
  • Free Demat account
  • Robust trading platforms; Easy Trade app, web, and Privilege desktop terminal.
  • Award-wining research across all segments.
  • Advisory services; Wealth management, portfolio management, investment banking, etc.
  • 50+ branches and 2,500+ sub-brokers & partners across 440+ cities in India and abroad.

About SMC Global

SMC Global is another popular name in the full-service brokerage space with 30 years of presence since 1990. It is a diversified financial service provider offering online broking, third-party financial products, wealth management, portfolio management, investment banking, insurance broking, depository services, and research & advisory services. It serves different types of customers from retail clients to corporate, high net-worth individuals (HNIs), corporate, and institutional customers.

Any customer who has opened a demat and trading account with SMC Global can trade or invest in equity, derivatives, commodities, currency, IPO, and mutual funds. The broker also has a team of expert researchers & advisory managers to provide comprehensive research reports, top fundamental and technical picks, and customer advisory services. NRIs can also open an account to trade on the SMC Global trading platforms.

SMC Global claims to have competitive brokerage rates, varying from 0.05% to 0.50% of brokerage fees on trading on different exchanges. It means heavy volume charges high brokerage fees or vice-versa. It also has many lower brokerage plans (Free but with margin commitments) and value-added plans (Subscription fee-based) for customers.

It facilitates online trading on multiple platforms including Easy Trade Mobile App, Easy Trade and Ace Web browser-compatible website, and Privilege application-based desktop trading software. These platforms have everything from instant order placement to advance charting, technical indicators & drawing tools, stock fundamentals, research reports, and the latest news & updates.

Regarding customer service; email, helpline number, toll-free number, SMS, and a dedicated NRI service desk are available. The broker has an extensive network of over 50 branches and 2,400 sub-broker & authorized person offices all over the country.

Are you looking to start trading with SMC Global? If yes then before proceeding, go through the in-depth latest and genuine SMC Global Review 2023 to check out its account opening fee, brokerage charges, trading platforms feature, customer care details, and pros & cons.

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SMC Global Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Still has a traditional model, yes, SMC Global stock broker charges percentage-based brokerage fees from clients. The rate of the brokerage may vary across segments. The particular model levies high brokerage on high trade volume or vice-versa.

Under the standard brokerage plan, equity delivery (CNC) or investment in shares is charged at 0.50%. Intraday, futures (equity, commodity, and currency), and commodity options trading are charged at a 0.05% brokerage fee. The rate of brokerage on equity options trading is Rs 100 per lot while currency options trading is charged at Rs 25 per lot. There is no minimum margin commitment under the standard pricing plan.

If compared with other full-service brokers, the brokerage charge looks higher but comes with many value-added offerings like research, advisory, and dedicated RM.

SMC Global Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 400 PA (Free for 1st year)

SMC Global Brokerage Plan with closest competitors

Here we are comparing SMC Global with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SMC Global 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.05 to 0.50% Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.50% or 30 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% or 5 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.05% or 5 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 25 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit SMC Global Brokerage Charges.

Please refer unique and accurate SMC Global Brokerage Calculator

Type of Account offered by SMC Global

SMC Global is an online trading platform for both residents and NRI clients. They can open a 2-in-1 account, trading + demat account with the broker, and trade on different exchanges as per their preferences.

SMC Global Demat & Trading Account

The full-service broker offers depository services (Demat account) through CDSL and NDSL membership. The trading & demat account allows customers to trade or invest in diversified asset classes including equity, derivatives, commodity, and currency. It further distributes IPO, mutual funds, and fixed-income products. Customers can also access research (fundamental & technical picks), advisory (wealth management, portfolio management, investment banking, mortgage advisory), and financing services (loan against securities).

Is SMC Global Demat Account Free? Yes, open a free demat account at NIL charges and also enjoy zero demat maintenance fee for the first year, and thereafter it levies AMC of Rs. 400 per annum.

SMC Global NRI Trading Account

Are you a foreign national? If yes, open an NRI Demat and trading account with SMC Global to trade in equity, derivatives, IPO, and mutual funds. You can open either an NRE or NRO savings bank account to apply for trading and demat account with SMC. The broker also provides free fundamental and technical research access and has a dedicated NRI support desk for you. Here are the top reasons to choose SMC Global as a preferred broker for NRI trading;

  • Multiple financial products and services.
  • Trade on the mobile app, browser, or desktop.
  • Award-winning trading and research desk.
  • Advanced charting on the trading platforms.
  • Auto Trender technical tool.
  • Real Estate Advisory Services.

How to open SMC Global Account online?

Open an instant paperless SMC Global account in just a few minutes and start the online trading journey within 24 hours. Open a Free Account Now following the below process;

Steps to open SMC Global Trading & Demat Account Online;

  1. Head to SMC Global website.
  2. Click on the “Open Demat Account” menu.
  3. Enter your email and mobile number to register yourself.
  4. Fill in all the personal details online.
  5. Verify PAN details for KYC registration.
  6. Select your preferred pricing plan among standard, lower brokerage, and value-added plans.
  7. Provide your bank account details to map it with the trading account.
  8. Upload documents; PAN card, Address proof, bank details, and signature proof.
  9. E-sign: Digitally sign the account opening form using your Aadhaar details.
  10. Complete IPV (In-person verification) process.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to SMC Global

 Demat Account
 Demat Account
 Demat Account
 Demat Account

SMC Global Mobile App and Trading Platforms

Trading Platforms Rated 3/5

SMC Global facilitates trade on multiple state-of-art platforms including SMC Easy Trade Mobile App, Easy Trade (classic) web trading platform, Ace Web (advanced) web portal, and Privilege application-based desktop trading software.

SMC Easy Trade Mobile Trading App

  • SMC Easy Trade is an exclusively designed mobile trading app to bring trading opportunities to your fingertips. The simple, user-friendly, safe & secure mobile app is a single platform to trade on different exchanges.
  • Real-time live streaming quotes, multiple market watchlists, trading calls, technical recommendations, candlestick charts, historical charting, real-time fund transfer facility, research access, and direct access to back-office reports are the top-notch features available on the SMC Easy Trade app. The app is compatible with Android, iOS, iPad, and iPod devices.

SMC Easy Trade Classic Web Platform

  • Easy Trade is a browser-based classic web trading platform developed on the latest HTML5 technology accessible on desktops, smartphones, and tablets. The web platform allows customers to trade in all segments, track and manage their portfolio effortlessly, get regular alerts, stay up-to-date with research updates, and have hotkey functions for a faster trading experience.

SMC Ace Web Advance Web Trading Platform

  • ACE Web is an advanced browser-compatible trading platform that provides all the market information with an informative market watch. The ACE Web platform has many interactive features for traders & investors including advanced charting from Chart IQ with 100+ technical studies, detailed scrip overview, screeners & analytics, dark and white theme selecting options, alerts & notifications, hassle-free fund transfer, and access to back-office reports.

SMC Privilege Desktop Trading Software

  • Privilege is an advanced desktop-based trading terminal for traders who are actively involved in bulk trading. The fully-customizable application software enables traders to customize everything from dashboards to live streaming quotes, charting preferences, real-time market updates, watchlists, and much more. The terminal has many unique features, especially for traders including intraday charting, hotkey functions, technical SMS alerts, and access to the latest news, research reports, and market information. Download the terminal on your system and experience a faster trading journey.

For detail review of mobile app and download please visit SMC Global Trading Platform Review.

SMC Global Trading Pros

  • Zero Demat account opening fees.
  • No Demat AMC for the first year.
  • Research and advisory
  • Trade on smartphone, browser, and desktop applications.
  • Loan against securities (LAS) and margin trading facility (MTF).
  • Multiple tools like Portfolio Health Check-up, Auto Trender, Algo trader,
  • Dedicated Relationship managers (RMs) and dealers.
  • News and updates on stock earnings, bonuses, corporate news, global news, etc.
  • It allows aftermarket order (AMO) and buy today sell tomorrow (BTST) trades.
  • Strong PAN India presence.

SMC Global Trading Cons

  • You cannot place a Good Till Triggered (GTT) order.
  • Does not provide a 3-in-1 account.
  • Extra charges for the tools like Auto Trender.
  • No flat brokerage plan is available.

SMC Global Customer Care info

Customer service with SMC Global is available across multiple communication channels including email support, web chat, telephonic support, and offline branches. The full-service brokerage firm also has a toll-free number (1800-11-0909) to provide 24*7 support. Offline services are available across 50+ branches and 2,400+ sub-brokers and partner offices.

Customers are offered multiple channels to get their queries resolved as soon as possible. Further, a sense of personalization is maintained by providing dedicated RM and dealers to each client. Here are the SMC Global customer care details;

Final thought about SMC Global

Rated 3/5 by 20 users

Coming a long way, SMC Global has undoubtedly established itself as a trusted brokerage name in India. Being a one-stop shop for all trading and investment products to great quality research & advisory, state-of-the-art trading platforms, dedicated RMs, and 24*7 support, SMC Global became a reputed name in the industry.

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Last updated on: 2023-08-25

SMC Global Limited User Reviews

15. Subhash Garg Dec 01 2023 05:27:14 AM Reply
No proper clarification provided for charges


Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
14. Hiranmay Sarkar Jun 30 2023 01:22:54 AM Reply


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
13. Tejas Pratap Jun 14 2023 04:36:54 AM Reply
Very good broking firm. Would request to reduce the brokerage.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
12. Munendra kumar Feb 05 2022 09:37:11 AM Reply
online service very good.


Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
11. Kuldeep singh Aug 22 2020 12:37:02 PM Reply
3 paise
And 30 paise not working on all shares


Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Average
10. Gautam May 25 2020 02:50:27 PM Reply
Dont ever trust any of the brokerage firm i have very bitter experience with SMC GLOBAL, while opening of ac there are very superfluous attitude, but when it comes to actual senario the RM s are bullshit to give proper output, having more than 1 and half years of exp. One mr varun working in noida br.eample of worst RM i ve ever seen, even other employees specially working from backend was forcing me to withdraw complaint. So guys dont go with Smc either let your money be with bank, but it is in safe hand. The employees of smc just try to capture customer and when they receive the deposit amount they becomes king with your hard earned money. I ve lost almost 4.5 lakhs of rupees because of their wrong trading, way before lockdown
9. Nilesh Nov 19 2019 02:42:24 PM Reply
How margin tatasteel
8. KALI CHARAN BIRUA Oct 15 2019 10:14:44 PM Reply
When some other brokers are charging Rs.10/15/20 for per order why you cannot.
7. nitin balasaheb bhor Jun 22 2019 09:21:09 AM Reply
locale(pune) branch is not supporat in margin issu
6. GEORGE KUTTY M.V Feb 20 2019 08:56:17 AM Reply
i would like to have your contact persons number in Cochin, Kerala.