Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of SMC Global ranges between 0.05 to 0.50%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to SMC Global. ICICIDirect is rated 4 out of 5 where SMC Global is rated only 3 out of 5. Number of active customer for ICICIDirect is 29,08,417 where number of active customer for SMC Global is 1,57,628. ICICIDirect is serving more customer compare to SMC Global.
Here we present side-by-side comparison of ICICIDirect vs SMC Global share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs SMC Global's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of ICICIDirect vs SMC Global share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared ICICIDirect vs SMC Global's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||NSE, BSE, MCX||BSE, NSE, MCX, NCDEX|
|Broker Overview||ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...||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.|
Comparison of ICICIDirect with SMC Global on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where SMC Global charges Rs 400 PA (Free for 1st year) AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 per annum||Rs 400 PA (Free for 1st year)|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with SMC Global. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where SMC Global doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Plan Types||ICICIDirect||SMC Global|
|Account Opening Request|
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
SMC Global Brokerage Plan detail - This is a standard plan by SMS Global.This is % based brokerage plan.
|Brokerage Charges Compare||ICICIDirect||SMC Global|
|Plan Name||NEO Flat Discount Brokerage Plan||Standard Trading Plan (Percentage Based)|
|Equity Delivery||0.55%||0.50% or 30 paisa|
|Equity Intraday||Flat Rs. 20 per order||0.05% or 5 paisa|
|Equity Futures||Free (Rs. 0 brokerage)||0.05% or 5 paisa|
|Equity Options||Flat Rs. 20 per order||Rs 100 Per Lot|
|Currency Futures||Flat Rs. 20 per order||0.05% or 5 paisa|
|Currency Options||Flat Rs. 20 per order||Rs 25 Per Lot|
|Commodity Trading||Flat Rs. 20 per order||0.05% or 5 paisa|
|Minimum Brokerage||Rs 35 per trade||Rs 25 per trade or 2.5% of the trade value whichever is lower|
|Hidden Charges||Yes||Info Not Available|
|Funding||Yes - 18% interest PA||Yes - 18% interest PA|
|Call & Trade Charges||First 20 call free and Rs 25 there onwards.||Free|
|Auto Square off Charges||First 20 call free and Rs 25 there onwards.||Free|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for SMC Global|
Compare ICICIDirect with SMC Global on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||SMC Global|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 100 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 Per Cr|
|Commodity||NA||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for icicidirect||Complete Brokerage Plans for smc-global-broker|
Compare ICICIDirect with SMC Global on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where SMC Global offers only 2-in-1 account which includes trading and demat account. Algo Trading - SMC Global offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.
|Account Features Compare||ICICIDirect||SMC Global|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and SMC Global. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
|Trading Platform Compare||ICICIDirect||SMC Global|
|Desktop Trading Platform||Trade Racer||ODIN Diet|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||https://trade.smcindiaonline.com/easytrade/|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||ICICI direct Mobile||SMCEasyTrade|
|Mobile Trading App Demo||ICICI direct Mobile Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod SMCEasyTrade Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS SMCEasyTrade Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for ICICIDirect||Equity Intraday and Delivery Brokerage Calculator for SMC Global|
|Futures Brokerage Calculator||Futures Brokerage Calculator for ICICIDirect||Futures Brokerage Calculator for SMC Global|
|Options Brokerage Calculator||Options Brokerage Calculator for ICICIDirect||Options Brokerage Calculator for SMC Global|
|Detail||Detail on Trading Platforms for icicidirect||Detail on Trading Platforms for smc-global-broker|
Compare ICICIDirect with SMC Global on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - SMC Global offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.
|Investment Offerings Compare||ICICIDirect||SMC Global|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||Insurance|
Order Type - Compare ICICIDirect with SMC Global on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - ICICIDirect provide Cover Orders (CO) where SMC Global doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.
|Order Type Compare||ICICIDirect||SMC Global|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare ICICIDirect with SMC Global on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||ICICIDirect||SMC Global|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||1860 123 1122||91-11-66075200|
|Account Opening Process||Online||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Compare ICICIDirect with SMC Global on research reports and tips provided by the broker.
Compare ICICIDirect with SMC Global on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for SMC Global is ₹300 pa where for ICICIDirect is ₹700 pa.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading â€“ when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for SMC Global is ₹10+CDSL charges ₹5.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹700 pa||₹300 pa|
|Advance Deposit||Rs. 7500/- , If the client is not having ICICI BANK Account||AMC will be charged in advance.|
|Statutory charges||Nil||Stamp Paper Charges|
|Transaction Charges on Debit (Per ISIN)||0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges)||₹10+CDSL charges ₹5|
|Demat||₹50 per set up||₹150 per certificate|
|Remat||₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction||₹150 for every hundred securities + depositry charges|
|Pledge Creation||0.02% (Min ₹35 and Max ₹25,000)||₹20 per instruction+CDSL charges|
|Pledge Creation Confirmation||0.02% (Min ₹35 and Max ₹25,000)||₹20|
|Pledge Closure||0.02% (Min ₹35 and Max ₹25,000)||₹20|
|Pledge Closure Confirmation||0.02% (Min ₹35 and Max ₹25,000)||₹20|
|Pledge Invocation||0.02% (Min ₹35 and Max ₹25,000)||₹20|
|Failed Instruction Charges||₹30 per transaction||₹50 per instraction|
|Other Charges||Nil||DIS Book Charges ₹50 (5 leafs) Client Modification Charges ₹25 Additional Client master Charges ₹2 Additional Statemen ₹50 per request + courier charges .|
Compare ICICIDirect with SMC Global on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from ODIN Diet/Net Net Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Instant to ICICI Bank.||Upto 24 Hrs except Bank Holidays.|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Direct from your ICICI bank account.||Info Not Available|
|Special Offers/Promo||Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2022-08-08T03:12:44+00:00
Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (
Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
Free Trading Tips & Software