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 53,73,705 where number of active customer for SMC Global is 1,53,078. 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
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||Discount 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.||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...|
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 Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 400 PA (Free for 1st year)||Free|
|Provide DP Service|
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.
|Plan Types||SMC Global||Groww|
|Account Opening Request|
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||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|
Compare SMC Global with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||SMC Global||Groww|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 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 groww|
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 Compare||SMC Global||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:10 PM|
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||Groww|
|Desktop Trading Platform||ODIN Diet|
|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/||Yes|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||SMCEasyTrade||Yes|
|Mobile Trading App Demo||Info Not Available||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod SMCEasyTrade Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS SMCEasyTrade Download||iOS Yes 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 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|
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||Groww|
|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 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 Type Compare||SMC Global||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||SMC Global||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||91-11-66075200||9108800604|
|Account Opening Process||Online/Paperless||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office 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|
Compare SMC Global with Groww on research reports and tips provided by the broker.
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 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|
Compare SMC Global with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|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||Upto 24 Hrs except Bank Holidays.||Max 24 hrs except bank holidays|
|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|
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2023-05-08T04:24:59+00:00
Free Eq Delivery & MF
Flat ₹20 Per Trade
Free Equity Delivery
Flat ₹20 Per Trade in F&O
Free Account Opening
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade
Free Demat Account
Full-service @ Flat Rate
Flat ₹10 Per Trade
Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
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Trade at Flat ₹20 per Trade
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