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ICICIDirect Vs SMC Global: Which one is better?

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

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare ICICIDirect vs SMC Global on Service

  ICICIDirect Compare
ICICIDirect
SMC Global Compare
SMC Global
Overall Rating Rated 4 stars Rated 3 stars
Brokerage Charges Rated 2.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 3 stars
Investments Offering Rated 5 stars Rated 3 stars
Customer Service Rated 4 stars Rated 3 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 29,08,417 1,57,628
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... Know more about ICICIDirect 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.
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Account Opening Charges and AMC

Compare ICICIDirect vs SMC Global on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare ICICIDirect with SMC Global
Charges ICICIDirect SMC Global
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 400 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs SMC Global on Plan Options

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.

Compare ICICIDirect with SMC Global on Plan Options
Plan Types ICICIDirect SMC Global
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Brokerage Charges

Compare ICICIDirect vs SMC Global on Brokerage Charges

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 with SMC Global
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
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Share Broker's Transaction Charges

Compare ICICIDirect vs SMC Global on Transaction Charges

Compare ICICIDirect with SMC Global on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with SMC Global
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
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Account Features

Compare ICICIDirect vs SMC Global on Account Features

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 - ICICIDirect with SMC Global
Account Features Compare ICICIDirect SMC Global
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs SMC Global on Trading Platform

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 with SMC Global
Trading Platform Compare ICICIDirect SMC Global
Desktop Trading Platform Trade Racer ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://trade.smcindiaonline.com/easytrade/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile SMCEasyTrade
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod SMCEasyTrade Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS SMCEasyTrade Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare ICICIDirect vs SMC Global on User Rating

  ICICIDirect SMC Global
  266 Customer Reviews    Rate ICICIDirect 6 Customer Reviews    Rate SMC Global
Fees Ratings 2.4 3.0
Trading Brokerage Rating 1.8 2.3
Trading Platform Usability 3.3 3.0
Customer Service Ratings 2.8 2.5
Overall Ratings Rated 2.5 stars Rated 2.8 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 266 customer reviews SMC Global is Rated 2.8 / 5 based on 6 customer reviews
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Investment Offerings

Compare ICICIDirect vs SMC Global on Investment Offerings

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 with SMC Global
Investment Offerings Compare ICICIDirect SMC Global
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes Yes
Other Investment Options NIL Insurance
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Order Types

Compare ICICIDirect vs SMC Global on Order Types

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 Types - Compare ICICIDirect with SMC Global
Order Type Compare ICICIDirect SMC Global
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs SMC Global on Customer Service

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 Support - Compare ICICIDirect with SMC Global
Customer Service Compare ICICIDirect SMC Global
24/7 Customer Service ICICIDirect vs SMC Global - 24x7 customer support No No
Email Support ICICIDirect vs SMC Global - Email Support Yes Yes
Onine Live Chat ICICIDirect vs SMC Global - Onine Live Chat No No
Phone Support ICICIDirect vs SMC Global - Phone Support Yes Yes
Toll Free Number ICICIDirect vs SMC Global - Toll Free Number No Yes
Through Branches ICICIDirect vs SMC Global - Through Branches Yes Yes
Customer Care Number ICICIDirect vs SMC Global - Customer Care Number 1860 123 1122 91-11-66075200
Account Opening Process ICICIDirect vs SMC Global - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs SMC Global - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs SMC Global - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.smctradeonline.com/research/new-letters
Head Office Address ICICIDirect vs SMC Global - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Website ICICIDirect vs SMC Global - Company Website https://www.icicidirect.com https://www.smctradeonline.com
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Tips/Research/Reports Published

Compare ICICIDirect vs SMC Global on Research Reports, Tips

Compare ICICIDirect with SMC Global on research reports and tips provided by the broker.

Research Reports - Compare ICICIDirect with SMC Global
  ICICIDirect SMC Global
Research Mutual Funds ICICIDirect vs SMC Global - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs SMC Global - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs SMC Global - Research ETF Yes Yes
Daily Market Report ICICIDirect vs SMC Global - Daily Market Report Yes Yes
Free Tips ICICIDirect vs SMC Global - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs SMC Global - Quarterly Results Yes Yes
News Alerts ICICIDirect vs SMC Global - Yes Yes
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Demat Account

Compare ICICIDirect vs SMC Global on Demat Account

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 – 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 Charges - Compare ICICIDirect with SMC Global
  ICICIDirect SMC Global
DP Source CDSL CDSL
DP ID ICICIDirect vs SMC Global - DP ID 14300 19100
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 .

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs SMC Global on Special Offers and Promotion

Compare ICICIDirect with SMC Global on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs SMC Global on Special Offers and Promotion
  ICICIDirect SMC Global
Pay In and Pay Out Options ICICIDirect vs SMC Global - 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 ICICIDirect vs SMC Global - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs SMC Global - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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.

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • 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.

Detail Review...

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