TopShareBrokers.com Logo
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Loading...

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 Compare
SMC Global
IIFL Securities Compare
IIFL Securities
Overall Rating Rated 3 stars Rated 4 stars
Brokerage Charges Rated 3 stars Rated 3 stars
Trading Platform Rated 3 stars Rated 4.5 stars
Investments Offering Rated 3 stars Rated 4.5 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 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,...Know more about IIFL Securities
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha
Expand

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 Yes Yes
Expand

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 No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Zerodha
Account Opening Request
Expand

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.

Brokerage Charges - Compare SMC Global with IIFL Securities
Brokerage Charges Compare SMC Global IIFL Securities
Plan Name Standard Trading Plan (Percentage Based) IIFL iSERVE Brokerage Plan
Equity Delivery 0.50% or 30 paisa Flat Rs 20 per order
Equity Intraday 0.05% or 5 paisa Flat Rs 20 per order
Equity Futures 0.05% or 5 paisa Flat Rs 20 per order
Equity Options Rs 100 Per Lot Flat Rs 20 per order
Currency Futures 0.05% or 5 paisa Flat Rs 20 per order
Currency Options Rs 25 Per Lot Flat Rs 20 per order
Commodity Trading 0.05% or 5 paisa Flat Rs 20 per order
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Free Rs 50 Per Call + GST
Auto Square off Charges Free Rs 50 Per Call + GST
Brokerage Calculator Brokerage Calculator for SMC Global Brokerage Calculator for IIFL Securities
Expand

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.

Transaction Charges - Compare SMC Global with IIFL Securities
Transaction Charges Compare SMC Global IIFL Securities
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 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for smc-global-broker Complete Brokerage Plans for iifl-securities
Expand

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 No SMC Global have 2-in-1 account. Only Demate and Trading account. No SMC Global have 2-in-1 account. Only Demate 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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
Expand

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) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.smcindiaonline.com/easytrade/ https://ttweb.indiainfoline.com
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SMCEasyTrade IIFL Markets
Mobile Trading App Demo Info Not Available IIFL Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod SMCEasyTrade Download Andriod IIFL Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SMCEasyTrade Download iOS IIFL Markets 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 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

Expand

Broker Ratings by Users

Compare SMC Global vs IIFL Securities on User Rating

  SMC Global IIFL Securities
  6 Customer Reviews    Rate SMC Global 82 Customer Reviews    Rate IIFL Securities
Fees Ratings 3.0 3.1
Trading Brokerage Rating 2.3 2.9
Trading Platform Usability 3.0 3.4
Customer Service Ratings 2.5 2.9
Overall Ratings Rated 2.8 stars Rated 2.8 stars
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
Expand

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 Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service Yes Yes
Other Investment Options Insurance NIL
Expand

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 Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
Expand

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 SMC Global vs IIFL Securities - 24x7 customer support No Yes
Email Support SMC Global vs IIFL Securities - Email Support Yes Yes
Onine Live Chat SMC Global vs IIFL Securities - Onine Live Chat No Yes
Phone Support SMC Global vs IIFL Securities - Phone Support Yes Yes
Toll Free Number SMC Global vs IIFL Securities - Toll Free Number Yes Yes
Through Branches SMC Global vs IIFL Securities - Through Branches Yes Yes
Customer Care Number SMC Global vs IIFL Securities - Customer Care Number 91-11-66075200 022-40071000
Account Opening Process SMC Global vs IIFL Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email SMC Global vs IIFL Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SMC Global vs IIFL Securities - Knowledge Center/Education https://www.smctradeonline.com/research/new-letters https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address SMC Global vs IIFL Securities - Head Office Address/Corporate 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 SMC Global vs IIFL Securities - Company Website https://www.smctradeonline.com https://www.indiainfoline.com/
Expand

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

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 SMC Global vs IIFL Securities - 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

Expand

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 SMC Global vs 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 SMC Global vs IIFL Securities - 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 SMC Global vs IIFL Securities - 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>>

Last Updated on 2022-10-18T23:28:54+00:00