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 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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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.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 400 PA (Free for 1st year)|
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|
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.
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.
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;
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;
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.
For detail review of mobile app and download please visit SMC Global Trading Platform Review.
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;
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.
Last updated on: 2023-08-25
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