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

SMC Global Vs Groww: Which one is better?

Both the brokers are registered with SEBI. SMC Global offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of SMC Global Max 0.05 to 0.50% per trade while the brokerage of Groww ranges between Rs 20. SMC Global is a Full Service Broker where Groww is a Discount Broker. SMC Global is having overall lower rating compare to Groww. SMC Global is rated only 3 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for SMC Global is 1,58,580. Groww is serving more customer compare to SMC Global.

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

  SMC Global Compare
SMC Global
Groww Compare
Groww
Overall Rating Rated 3 stars Rated 4 stars
Brokerage Charges Rated 3 stars Rated 4.5 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 NSE, BSE
Active Clients 1,58,580 51,65,760
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. Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

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

Comparison of SMC Global with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww 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 Groww
Charges SMC Global Groww
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
Expand

About Brokerage Plans

Compare SMC Global vs Groww on Plan Options

Plans are the most important feature you look when compare SMC Global with Groww. 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 Groww on Plan Options
Plan Types SMC Global Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare SMC Global vs Groww on Brokerage Charges

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

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare SMC Global with Groww
Brokerage Charges Compare SMC Global Groww
Plan Name Standard Trading Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.50% or 30 paisa 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa Flat Fee Rs 20
Equity Options Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa Not Available
Currency Options Rs 25 Per Lot Not Available
Commodity Trading 0.05% or 5 paisa Not Available
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 Info Not Available
Call & Trade Charges Free Rs 50 Per Executable Order
Auto Square off Charges Free Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for SMC Global Brokerage Calculator for Groww
Expand

Share Broker's Transaction Charges

Compare SMC Global vs Groww on Transaction Charges

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

Transaction Charges - Compare SMC Global with Groww
Transaction Charges Compare SMC Global Groww
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 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 110 Per Cr NA
Currency Options Rs 4000 Per Cr NA
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 groww
Expand

Account Features

Compare SMC Global vs Groww on Account Features

Compare SMC Global with Groww 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 Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - SMC Global offers NRI where Groww doesn't offers NRI Trading.

Account Features - SMC Global with Groww
Account Features Compare SMC Global Groww
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 No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
Expand

Trading Platform

Compare SMC Global vs Groww on Trading Platform

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

Expand

Broker Ratings by Users

Compare SMC Global vs Groww on User Rating

  SMC Global Groww
  6 Customer Reviews    Rate SMC Global 6 Customer Reviews    Rate Groww
Fees Ratings 3.0 4.3
Trading Brokerage Rating 2.3 4.0
Trading Platform Usability 3.0 4.3
Customer Service Ratings 2.5 3.5
Overall Ratings Rated 2.8 stars Rated 4.5 stars
Broker Rating SMC Global is Rated 2.8 / 5 based on 6 customer reviews Groww is Rated 4.5 / 5 based on 6 customer reviews
Expand

Investment Offerings

Compare SMC Global vs Groww on Investment Offerings

Compare SMC Global with Groww 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 Groww 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 Groww doesn't offer

Investment Offerings - Compare SMC Global with Groww
Investment Offerings Compare SMC Global Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
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
Expand

Order Types

Compare SMC Global vs Groww on Order Types

Order Type - Compare SMC Global with Groww 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) - Both broker don't have Cover Orders (CO).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)- SMC Global offers After Market Orders where Groww doesn't offers AMO. GTC Orders- SMC Global offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare SMC Global with Groww
Order Type Compare SMC Global Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare SMC Global vs Groww on Customer Service

Compare SMC Global with Groww 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 Groww
Customer Service Compare SMC Global Groww
24/7 Customer Service SMC Global vs Groww - 24x7 customer support No No
Email Support SMC Global vs Groww - Email Support Yes Yes
Onine Live Chat SMC Global vs Groww - Onine Live Chat No Yes
Phone Support SMC Global vs Groww - Phone Support Yes Yes
Toll Free Number SMC Global vs Groww - Toll Free Number Yes No
Through Branches SMC Global vs Groww - Through Branches Yes No
Customer Care Number SMC Global vs Groww - Customer Care Number 91-11-66075200 9108800604
Account Opening Process SMC Global vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email SMC Global vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SMC Global vs Groww - Knowledge Center/Education https://www.smctradeonline.com/research/new-letters https://groww.in/academy
Head Office Address SMC Global vs Groww - Head Office Address/Corporate Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website SMC Global vs Groww - Company Website https://www.smctradeonline.com https://groww.in/
Expand

Tips/Research/Reports Published

Compare SMC Global vs Groww on Research Reports, Tips

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

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

Demat Account

Compare SMC Global vs Groww on Demat Account

Compare SMC Global with Groww 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 Groww is Zero 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 Groww is ₹8 + ₹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 Groww
  SMC Global Groww
DP Source CDSL CDSL
DP ID SMC Global vs Groww - DP ID 19100 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero
Advance Deposit AMC will be charged in advance. Nil
Statutory charges Stamp Paper Charges Legal Charges
Transaction Charges on Debit (Per ISIN) ₹10+CDSL charges ₹5 ₹8 + ₹5.50 CDSL charges
Demat ₹150 per certificate ₹150 per certificate + courier charges
Remat ₹150 for every hundred securities + depositry charges ₹150 per certificate + courier charges
Pledge Creation ₹20 per instruction+CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation ₹20 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹20 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation ₹20 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹20 ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹50 per instraction ₹50
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 Groww on Special Offers and Promotion

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

Compare SMC Global vs Groww on Special Offers and Promotion
  SMC Global Groww
Pay In and Pay Out Options SMC Global vs Groww - 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time SMC Global vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges SMC Global vs Groww - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
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...

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

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...

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

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

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