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SMC Global Vs Fyers: 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 Max 0.05 to 0.50% per trade while the brokerage of Fyers ranges between Rs 20. SMC Global is a Full Service Broker where Fyers is a Discount Broker. SMC Global is having overall lower rating compare to Fyers. SMC Global is rated only 3 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Fyers is 1,62,734 where number of active customer for SMC Global is 1,58,580. Fyers is serving more customer compare to SMC Global.

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

  SMC Global Compare
SMC Global
Fyers Compare
Fyers
Overall Rating Rated 3 stars Rated 4 stars
Brokerage Charges Rated 3 stars Rated 3.5 stars
Trading Platform Rated 3 stars Rated 4 stars
Investments Offering Rated 3 stars Rated 4 stars
Customer Service Rated 3 stars Rated 4 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 1,58,580 1,62,734
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. Rs. 0 delivery trade, Rs. 20 per order brokerage plan, zero brokerage mutual fund investment, & Fyers One, Fyers App, and Fyers Web-based advanced technology trading platform make Fyers the best broker for traders and investors.
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

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

Comparison of SMC Global with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers offer Free 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 SMC Global with Fyers
Charges SMC Global Fyers
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) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SMC Global vs Fyers on Plan Options

Plans are the most important feature you look when compare SMC Global with Fyers. 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 Fyers on Plan Options
Plan Types SMC Global Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare SMC Global vs Fyers on Brokerage Charges

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

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare SMC Global with Fyers
Brokerage Charges Compare SMC Global Fyers
Plan Name Standard Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.50% or 30 paisa Free
Equity Intraday 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Rs 20 per order
Currency Futures 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Currency Options Rs 25 Per Lot Flat Rs 20 per order
Commodity Trading 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower NIL
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA No
Call & Trade Charges Free Rs 50 Per Order
Auto Square off Charges Free Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for SMC Global Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare SMC Global vs Fyers on Transaction Charges

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

Transaction Charges - Compare SMC Global with Fyers
Transaction Charges Compare SMC Global Fyers
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 240 Per Cr
Equity Options Rs 5000 Per Cr Rs 5900 Per Cr
Currency Futures Rs 110 Per Cr Rs 175 Per Cr
Currency Options Rs 4000 Per Cr Rs 6500 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 fyers
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Account Features

Compare SMC Global vs Fyers on Account Features

Compare SMC Global with Fyers 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - SMC Global offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - SMC Global offers NRI where Fyers doesn't offers NRI Trading.

Account Features - SMC Global with Fyers
Account Features Compare SMC Global Fyers
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 Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare SMC Global vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SMC Global and Fyers. 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 Fyers
Trading Platform Compare SMC Global Fyers
Desktop Trading Platform ODIN Diet Fyers One
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/ Fyers Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App SMCEasyTrade Fyers Mobile App
Mobile Trading App Demo Info Not Available Fyers Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod SMCEasyTrade Download Andriod Fyers Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SMCEasyTrade Download iOS Fyers 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 Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for SMC Global Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for SMC Global Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for smc-global-broker Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare SMC Global vs Fyers on User Rating

  SMC Global Fyers
  6 Customer Reviews    Rate SMC Global 10 Customer Reviews    Rate Fyers
Fees Ratings 3.0 3.5
Trading Brokerage Rating 2.3 3.6
Trading Platform Usability 3.0 3.6
Customer Service Ratings 2.5 3.4
Overall Ratings Rated 2.8 stars Rated 3.2 stars
Broker Rating SMC Global is Rated 2.8 / 5 based on 6 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare SMC Global vs Fyers on Investment Offerings

Compare SMC Global with Fyers 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) - SMC Global provide PMS Service where Fyers doesn't offer

Investment Offerings - Compare SMC Global with Fyers
Investment Offerings Compare SMC Global Fyers
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 No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options Insurance NIL
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Order Types

Compare SMC Global vs Fyers on Order Types

Order Type - Compare SMC Global with Fyers 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) - Fyers 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) - Fyers 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 Fyers
Order Type Compare SMC Global Fyers
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 Fyers on Customer Service

Compare SMC Global with Fyers 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 Fyers
Customer Service Compare SMC Global Fyers
24/7 Customer Service SMC Global vs Fyers - 24x7 customer support No No
Email Support SMC Global vs Fyers - Email Support Yes Yes
Onine Live Chat SMC Global vs Fyers - Onine Live Chat No No
Phone Support SMC Global vs Fyers - Phone Support Yes Yes
Toll Free Number SMC Global vs Fyers - Toll Free Number Yes No
Through Branches SMC Global vs Fyers - Through Branches Yes No
Customer Care Number SMC Global vs Fyers - Customer Care Number 91-11-66075200 080 4625 1111
Account Opening Process SMC Global vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email SMC Global vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SMC Global vs Fyers - Knowledge Center/Education https://www.smctradeonline.com/research/new-letters https://fyers.in/school-of-stocks/
Head Office Address SMC Global vs Fyers - Head Office Address/Corporate Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore – 560009
Website SMC Global vs Fyers - Company Website https://www.smctradeonline.com https://fyers.in/
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Tips/Research/Reports Published

Compare SMC Global vs Fyers on Research Reports, Tips

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

Research Reports - Compare SMC Global with Fyers
  SMC Global Fyers
Research Mutual Funds SMC Global vs Fyers - Research Mutual Funds Yes No
Research Equity Reports SMC Global vs Fyers - Research Equity Reports Yes No
Research ETF SMC Global vs Fyers - Research ETF Yes No
Daily Market Report SMC Global vs Fyers - Daily Market Report Yes No
Free Tips SMC Global vs Fyers - Free Tips Yes No
Quarterly Result Analysis SMC Global vs Fyers - Quarterly Results Yes No
News Alerts SMC Global vs Fyers - Yes Yes
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Demat Account

Compare SMC Global vs Fyers on Demat Account

Compare SMC Global with Fyers 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 Fyers is Free where for SMC Global is ₹300 pa. Fyers is a better choice in terms of Demat AMC compare to SMC Global.

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 Fyers is ₹10 + ₹5.50 (CDSL Charges) per transaction.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 Fyers
  SMC Global Fyers
DP Source CDSL CDSL
DP ID SMC Global vs Fyers - DP ID 19100 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free
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 ₹10 + ₹5.50 (CDSL Charges) per transaction
Demat ₹150 per certificate ₹100 per certificate
Remat ₹150 for every hundred securities + depositry charges ₹100 per certificate + CDSL Charges
Pledge Creation ₹20 per instruction+CDSL charges ₹50 + ₹12 CSDL charges
Pledge Creation Confirmation ₹20 Nil
Pledge Closure ₹20 ₹50 + ₹12 CSDL charges
Pledge Closure Confirmation ₹20 Nil
Pledge Invocation ₹20 ₹50
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 Fyers on Special Offers and Promotion

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

Compare SMC Global vs Fyers on Special Offers and Promotion
  SMC Global Fyers
Pay In and Pay Out Options SMC Global vs Fyers - 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 funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time SMC Global vs Fyers - Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges SMC Global vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Info Not Available Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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...

  • Brokerage free delivery trading and investment in mutual funds.
  • Pay Rs. 20 flat brokerage fee on intraday and F&O trades.
  • Zero brokerage direct mutual fund investment.
  • Invest in an idea or theme-based portfolio with Fyers Thematic Investing.
  • Best-class trading platforms across web, app, and desktop software.
  • Advanced orders like bracket order, cover order, after-market order, and basket order.
  • Win upto Rs. 5,000 brokerage refund with Fyers 30-day challenge.
  • Fyers School of Stocks, a free stock market learning platform.
  • Get free access to Fyers API.
  • Zero payment gateway charges.
  • Zero pledge charges.
  • No proprietary trading.
  • No hidden cost.

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...

  • Fyers Direct mutual fund platform is not available as a mobile app.
  • Fyers does not provide intraday tips, research, and advisory services.
  • It does not offer a 3-in-1 account opening facility.
  • Currently, it does not offer NRI trading services however, expected to launch soon.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

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