SMC Global securities Ltd. is a leading and award winning stock broker in India having a good track record in the financial services industry, NRI trading, Margin facility and more...
SMC Global, since 1994 offering services in stock, commodity and currency broking, investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking, clearing services and real estate advisory services to corporate, institutional, high net worth individuals and other retail clients.
Online Stock Trading is a new endeavor of SMC by having tie-up with Punjab National Bank for providing share trading facility to its clients. SMCtradeonline.com and SMCindiaonline.com can be referred for all the information related to the broker. The Broker is awarded as Best commodity Broker, Best Currency Broker, Best Research analyst for Equity, IPO and Commodity.
You can do online trading in Equities, Derivatives, Currency, Commodities, IPOs, Mutual Funds and Bonds with SMC.
SMC have a team of Research Analysts and Advisory Managers to help you with strategies for equity and derivatives investment, recommendations for trading on futures & options.
Demat Account is mandatory with SMC for online equity trading. Online Trading account comes with Online IPO and Mutual Fund features.
Customer care is taken into account through email, phone, toll free no and SMS. They have one of the largest distribution network in the country having a network of 61 branches including overseas office at Dubai and more than 2,300 registered sub-brokers and authorized persons with PAN India presence in over 550 cities.
Pan-India presence, no trading account AMC, Dedicated customer care, Multiple Trading platforms, Call and trade facility, Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
Brokerage charges not disclosed anywhere onsite, mobile trading not available for NSE, No 3 in 1 account, extra charges for their featured products,Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in equity segment.
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Here we are comparing SMC Global with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | SMC Global | ICICIDirect | Sharekhan | Zerodha | ProStocks |
| Service Type | Full Service Broker | Full Service Broker | Full Service Broker | Discount Broker | Discount Broker |
| Brokerage | .03 to .3% | 0.05 to .55% | 0.1 to 0.5% | Rs 20 | Rs 15 |
| Account Type | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | No | No | No | No | Yes |
| Rating |
Please refer unique and accurate SMC Global Brokerage Calculator
SMC Global claims to have competitive brokerage rates but they want you to approach them personally for any brokerage related queries.The Broker serve their clients personally as they have branches and sub-brokers office available across the country. They don't want to disclose their brokerage, they want to serve each customer as different as per their financial needs. Calling or personally visiting them may help here.
| Brokerage Plan | Standard Plan (Percentage Based) |
| Flat Fee | NA |
| Equity Delivery | 0.3% or 30 paisa |
| Equity Intraday | 0.03% or 3 paisa |
| Equity Futures | 0.03% or 3 paisa |
| Equity Options | Rs 70 Per Lot |
| Currency Futures | 0.03% or 3 paisa |
| Currency Options | Rs 20 Per Lot |
| Commodity | 0.03% or 3 paisa |
For complete brokerage charges and trading plans detail please visit SMC Global Brokerage Charges.
SMC supports Web based, software based and mobile App based trading Platforms. Their trading platforms are good in terms of speed, convenience and risk management.
Their two web based platforms are :SMC SELECT : This is the web based trading platform by SMC mostly suited to Retail investors for online trading and does not require any software installation. The main features are:
SMC EXCLUSIVE - web-based trading platform with live streaming quotes, This account is ideal for Active traders who transact frequently during day's trading session to capitalize on intra-day price movements.
SMC's terminal or software based trading Platforms :
SMC PRIVILEGE - This is a software-based trading platform for active traders with features like Real time streaming quotes, intraday charting, Different Exchanges on a single screen, Fully Customizable Market Watch, Track Multiple Stocks on single screen, Hot Key Functions, Online transfer of funds through multiple Banks, Online IPO & Mutual Fund.
SMC mobitrade: It is the app based user friendly interface for trading across Equity and Commodity. It provides real time access to market information like Security Info, Contract info and Best Five. SMC mobitrade is available in two modes, Lite which is refresh based and Streaming which provides streaming quotes. SMC mobitrade is available on BSE, MCX Commodity & NCDEX and not on NSE.
SMC TabTrade : This is the app designed for I-pads and Android phones for trading in NSE Cash, NSE F&O, BSE Cash, BSE F&O, MCX, NCDEX & NSE Currency. The feature remains same as SMC Mobitrade.
For detail review of mobile app and download please visit SMC Global Trading Platform Review.
As common with all full service Brokers, SMC offerings are no less no more just right. The Broker has well rounded offerings on all trading segments. But one thing tickles my mind here why brokers like this hesitate to disclose their broking charges even in such competitive broker market. The Brokers need to me more transparent in terms of brokerage and other charges.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.
Georgekutty