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SMC Global Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI. SMC Global offers investmenet in Equity, F&O, Currency and Commodities, where IDBI Direct offers investment in Equity, F&O and Currency only. The brokerage of SMC Global ranges between 0.05 to 0.50% while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. Both the brokers are Full Service brokers. SMC Global is having overall lower rating compare to IDBI Direct. SMC Global is rated only 3 out of 5 where IDBI Direct is rated 3.5 out of 5. Number of active customer for IDBI Direct is 1,58,580 where number of active customer for SMC Global is 67,157. IDBI Direct is serving more customer compare to SMC Global.

Here we present side-by-side comparison of SMC Global vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared SMC Global vs IDBI Direct'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 SMC Global vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared SMC Global vs IDBI Direct'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 SMC Global vs IDBI Direct on Service

  SMC Global Compare
SMC Global
IDBI Direct Compare
IDBI Direct
Overall Rating Rated 3 stars Rated 3.5 stars
Brokerage Charges Rated 3 stars Rated 3 stars
Trading Platform Rated 3 stars Rated 4 stars
Investments Offering Rated 3 stars Rated 4 stars
Customer Service Rated 3 stars Rated 3.5 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 67,157 1,58,580
Broker Overview 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. Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...Know more about IDBI Direct
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare SMC Global vs IDBI Direct on Trading & Demat Account Opening Charges

Comparison of SMC Global with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - SMC Global charges Rs 400 PA (Free for 1st year) AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SMC Global with IDBI Direct
Charges SMC Global IDBI Direct
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year) Rs 350 PA [Free for 1st year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SMC Global vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare SMC Global with IDBI Direct. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare SMC Global with IDBI Direct on Plan Options
Plan Types SMC Global IDBI Direct
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Brokerage Charges

Compare SMC Global vs IDBI Direct on Brokerage Charges

SMC Global Brokerage Plan detail - This is a standard plan by SMS Global.This is % based brokerage plan.

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Brokerage Charges - Compare SMC Global with IDBI Direct
Brokerage Charges Compare SMC Global IDBI Direct
Plan Name Standard Trading Plan (Percentage Based) Flat Brokerage PLan
Equity Delivery 0.50% or 30 paisa 0.20%
Equity Intraday 0.05% or 5 paisa 0.02%
Equity Futures 0.05% or 5 paisa Flat Rs 15 per order
Equity Options Rs 100 Per Lot Flat Rs 15 per order
Currency Futures 0.05% or 5 paisa Flat Rs 15 per order
Currency Options Rs 25 Per Lot Flat Rs 15 per order
Commodity Trading 0.05% or 5 paisa NA
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Free
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for SMC Global Brokerage Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare SMC Global vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare SMC Global with IDBI Direct
Transaction Charges Compare SMC Global IDBI Direct
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 5100 Per Cr
Currency Futures Rs 110 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for smc-global-broker Complete Brokerage Plans for idbicapital
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Account Features

Compare SMC Global vs IDBI Direct on Account Features

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

Compare SMC Global vs IDBI Direct on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SMC Global and IDBI Direct. 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 SMC Global with IDBI Direct
Trading Platform Compare SMC Global IDBI Direct
Desktop Trading Platform ODIN Diet Infinity
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.smcindiaonline.com/easytrade/ https://trade.idbicapital.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App SMCEasyTrade IDBI Direct Mobile App
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SMCEasyTrade Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SMCEasyTrade Download iOS IDBI Direct Mobile App 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 SMC Global Equity Intraday and Delivery Brokerage Calculator for IDBI Direct
Futures Brokerage Calculator Futures Brokerage Calculator for SMC Global Futures Brokerage Calculator for IDBI Direct
Options Brokerage Calculator Options Brokerage Calculator for SMC Global Options Brokerage Calculator for IDBI Direct
Detail Detail on Trading Platforms for smc-global-broker Detail on Trading Platforms for idbicapital

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Broker Ratings by Users

Compare SMC Global vs IDBI Direct on User Rating

  SMC Global IDBI Direct
  6 Customer Reviews    Rate SMC Global 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.0 3.0
Trading Brokerage Rating 2.3 2.5
Trading Platform Usability 3.0 2.6
Customer Service Ratings 2.5 2.7
Overall Ratings Rated 2.8 stars Rated 2.7 stars
Broker Rating SMC Global is Rated 2.8 / 5 based on 6 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
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Investment Offerings

Compare SMC Global vs IDBI Direct on Investment Offerings

Compare SMC Global with IDBI Direct 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 IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - SMC Global provide PMS Service where IDBI Direct doesn't offer

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

Compare SMC Global vs IDBI Direct on Order Types

Order Type - Compare SMC Global with IDBI Direct 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) - IDBI Direct provides 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) - IDBI Direct provides Bracket Orders (BO) where SMC Global doesn't offer.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 SMC Global with IDBI Direct
Order Type Compare SMC Global IDBI Direct
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare SMC Global vs IDBI Direct on Customer Service

Compare SMC Global with IDBI Direct 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 SMC Global with IDBI Direct
Customer Service Compare SMC Global IDBI Direct
24/7 Customer Service SMC Global vs IDBI Direct - 24x7 customer support No No
Email Support SMC Global vs IDBI Direct - Email Support Yes Yes
Onine Live Chat SMC Global vs IDBI Direct - Onine Live Chat No No
Phone Support SMC Global vs IDBI Direct - Phone Support Yes Yes
Toll Free Number SMC Global vs IDBI Direct - Toll Free Number Yes Yes
Through Branches SMC Global vs IDBI Direct - Through Branches Yes Yes
Customer Care Number SMC Global vs IDBI Direct - Customer Care Number 91-11-66075200 022-3913 5001
Account Opening Process SMC Global vs IDBI Direct - Account Opening Process Online/Paperless Info Not Available
Customer Support Email SMC Global vs IDBI Direct - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SMC Global vs IDBI Direct - Knowledge Center/Education https://www.smctradeonline.com/research/new-letters Info Not Available
Head Office Address SMC Global vs IDBI Direct - Head Office Address/Corporate Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Info Not Available
Website SMC Global vs IDBI Direct - Company Website https://www.smctradeonline.com https://www.idbidirect.in/
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Tips/Research/Reports Published

Compare SMC Global vs IDBI Direct on Research Reports, Tips

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

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

Compare SMC Global vs IDBI Direct on Demat Account

Compare SMC Global with IDBI Direct 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 IDBI Direct is ₹350 pa where for SMC Global is ₹300 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 SMC Global is ₹10+CDSL charges ₹5 where for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges.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 SMC Global with IDBI Direct
  SMC Global IDBI Direct
DP Source CDSL CDSL
DP ID SMC Global vs IDBI Direct - DP ID 19100 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹350 pa
Advance Deposit AMC will be charged in advance. NO
Statutory charges Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) ₹10+CDSL charges ₹5 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹150 per certificate ₹5 per certificate + ₹30 courier charges
Remat ₹150 for every hundred securities + depositry charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹20 per instruction+CDSL charges 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation ₹20 Nil
Pledge Closure ₹20 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation ₹20 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation ₹20 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges ₹50 per instraction Nil
Other Charges DIS Book Charges ₹50 (5 leafs) Client Modification Charges ₹25 Additional Client master Charges ₹2 Additional Statemen ₹50 per request + courier charges . Nil

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Special Offers,Advantages,Disadvantages

Compare SMC Global vs IDBI Direct on Special Offers and Promotion

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

Compare SMC Global vs IDBI Direct on Special Offers and Promotion
  SMC Global IDBI Direct
Pay In and Pay Out Options SMC Global vs IDBI Direct - Pay In and Pay Out Options 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
Info Not Available
Payout Time SMC Global vs IDBI Direct - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges SMC Global vs IDBI Direct - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 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...

  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

Dislikes
  • 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...

  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

Special Offers/Promo
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Last Updated on 2022-10-18T23:28:54+00:00