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SMC Global Vs IIFL Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of SMC Global ranges between 0.05 to 0.50% while the brokerage of IIFL Securities ranges between Rs 20. Both the brokers are Full Service brokers. SMC Global is having overall lower rating compare to IIFL Securities. SMC Global is rated only 3 out of 5 where IIFL Securities is rated 4 out of 5. Number of active customer for SMC Global is 7,19,141 where number of active customer for IIFL Securities is 1,58,580. SMC Global is serving more customer compare to IIFL Securities.

Here we present side-by-side comparison of SMC Global vs IIFL Securities 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 IIFL Securities'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 IIFL Securities 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 IIFL Securities'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 IIFL Securities on Service

	SMC Global	IIFL Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Full Service Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Active Clients	7,19,141	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.	IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...
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Account Opening Charges and AMC

Compare SMC Global vs IIFL Securities on Trading & Demat Account Opening Charges

Comparison of SMC Global with IIFL Securities 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 IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SMC Global with IIFL Securities

Charges	SMC Global	IIFL Securities
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 250 PA (Free for 1st year)
Provide DP Service

About Brokerage Plans

Compare SMC Global vs IIFL Securities on Plan Options

Plans are the most important feature you look when compare SMC Global with IIFL Securities. 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 IIFL Securities on Plan Options

Plan Types	SMC Global	IIFL Securities
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare SMC Global vs IIFL Securities on Brokerage Charges

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

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Share Broker's Transaction Charges

Compare SMC Global vs IIFL Securities on Transaction Charges

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

Account Features

Compare SMC Global vs IIFL Securities on Account Features

Compare SMC Global with IIFL Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - SMC Global offers Algo Trading where IIFL Securities 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 IIFL Securities

Account Features Compare	SMC Global	IIFL Securities
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare SMC Global vs IIFL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SMC Global and IIFL Securities. 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 IIFL Securities

Trading Platform Compare	SMC Global	IIFL Securities
Desktop Trading Platform	ODIN Diet	IIFL Trader terminal
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.smcindiaonline.com/easytrade/	https://ttweb.indiainfoline.com
Web Trading Demo	Info Not Available	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	SMCEasyTrade	IIFL Markets
Mobile Trading App Demo	Info Not Available	IIFL Markets Demo
Android Mobile App
Android App Download	Andriod SMCEasyTrade Download	Andriod IIFL Markets Download
iPhone Mobile App (IOS)
iOS App Download	iOS SMCEasyTrade Download	iOS IIFL Markets 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 IIFL Securities
Futures Brokerage Calculator	Futures Brokerage Calculator for SMC Global	Futures Brokerage Calculator for IIFL Securities
Options Brokerage Calculator	Options Brokerage Calculator for SMC Global	Options Brokerage Calculator for IIFL Securities
Detail	Detail on Trading Platforms for smc-global-broker	Detail on Trading Platforms for iifl-securities

Broker Ratings by Users

Compare SMC Global vs IIFL Securities on User Rating

	SMC Global	IIFL Securities
	6 Customer Reviews	82 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	SMC Global is Rated 2.8 / 5 based on 6 customer reviews	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews

Investment Offerings

Compare SMC Global vs IIFL Securities on Investment Offerings

Compare SMC Global with IIFL Securities 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 - Both broker offers trading options in Commodity (MCX). 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 SMC Global with IIFL Securities

Investment Offerings Compare	SMC Global	IIFL Securities
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	Insurance	NIL

Order Types

Compare SMC Global vs IIFL Securities on Order Types

Order Type - Compare SMC Global with IIFL Securities 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) - IIFL Securities 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) - 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 SMC Global with IIFL Securities

Order Type Compare	SMC Global	IIFL Securities
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare SMC Global vs IIFL Securities on Customer Service

Compare SMC Global with IIFL Securities 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 IIFL Securities

Customer Service Compare	SMC Global	IIFL Securities
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	91-11-66075200	022-40071000
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://www.smctradeonline.com/research/new-letters	https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address	SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005	IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604
Website	https://www.smctradeonline.com	https://www.indiainfoline.com/

Tips/Research/Reports Published

Compare SMC Global vs IIFL Securities on Research Reports, Tips

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

Research Reports - Compare SMC Global with IIFL Securities

	SMC Global	IIFL Securities
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare SMC Global vs IIFL Securities on Demat Account

Compare SMC Global with IIFL Securities 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 IIFL Securities is ₹400 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 IIFL Securities

	SMC Global	IIFL Securities
DP Source	CDSL	CDSL
DP ID	19100	44700
Demat Account Annual Maintenance Charges(AMC)	₹300 pa	₹400 pa
Advance Deposit	AMC will be charged in advance.	Nil
Statutory charges	Stamp Paper Charges	Nil
Transaction Charges on Debit (Per ISIN)	₹10+CDSL charges ₹5	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)
Demat	₹150 per certificate	₹15 per certificate + ₹40 courier charges
Remat	₹150 for every hundred securities + depositry charges	₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges
Pledge Creation	₹20 per instruction+CDSL charges	₹50
Pledge Creation Confirmation	₹20	Nil
Pledge Closure	₹20	Nil
Pledge Closure Confirmation	₹20	Nil
Pledge Invocation	₹20	Nil
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

Special Offers,Advantages,Disadvantages

Compare SMC Global vs IIFL Securities on Special Offers and Promotion

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

Compare SMC Global vs IIFL Securities on Special Offers and Promotion

	SMC Global	IIFL Securities
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	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Upto 24 Hrs except Bank Holidays.	Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.
Bank Supported and Charges	Info Not Available	Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.
Bank Detail	Info Not Available	India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC
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...	Hassle-free onboarding process at zero paperwork. Zero Demat AMC for 1 year. Lowest brokerage online trading at just Rs. 20/order Free state-of-the-art mobile app, web, and desktop trading software. Paperless mutual fund investment at zero brokerage. Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc. Comprehensive equity and mutual funds research. Pre-IPO apply Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order. Margin trading facility. Blogs and knowledge center for beginners. 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...	IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility. If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading. Detail Review...
Special Offers/Promo		Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.
Enquiry	Open IIFL Securities Account Now>>	Open Zerodha Account Now>>