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
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||BSE, NSE, MCX, NCDEX||NSE, BSE|
|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...|
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.
|Charges||SMC Global||IDBI Direct|
|Trading Account Opening Fees||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|
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.
|Plan Types||SMC Global||IDBI Direct|
|Account Opening Request|
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||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|
Compare SMC Global with IDBI Direct on transaction charges and PCM fee by segment.
|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|
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 Compare||SMC Global||IDBI Direct|
|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 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||IDBI Direct|
|Desktop Trading Platform||ODIN Diet||Infinity|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://trade.smcindiaonline.com/easytrade/||https://trade.idbicapital.com/|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||SMCEasyTrade||IDBI Direct Mobile App|
|Mobile Trading App Demo||Info Not Available||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod SMCEasyTrade Download||Andriod IDBI Direct Mobile App Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS SMCEasyTrade Download||iOS IDBI Direct Mobile App Download|
|Android Tablet App|
|iPad App (IOS)|
|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|
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||IDBI Direct|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||Insurance||NIL|
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 Type Compare||SMC Global||IDBI Direct|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||SMC Global||IDBI Direct|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||91-11-66075200||022-3913 5001|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||[email protected]|
|Knowledge Center/Education||https://www.smctradeonline.com/research/new-letters||Info Not Available|
|Head Office Address||SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
|Info Not Available|
Compare SMC Global with IDBI Direct on research reports and tips provided by the broker.
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 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 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
|SMC Global||IDBI Direct|
|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|
Compare SMC Global with IDBI Direct on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|SMC Global||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||Upto 24 Hrs except Bank Holidays.||Info Not Available|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Info Not Available||Info Not Available|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2022-10-18T23:28:54+00:00
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