SMC Global Review 2019

Rated 3/5 by Top Share Brokers Team
SMC Global Limited Review

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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.

Review Summary

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...


Benefits

  • Integrated Bank, Trading and Demat accounts
  • Useful Research & advisory support
  • Multiple trading options
  • Portfolio tracker and User friendly platforms
  • Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  • Trading facility for NRI's
  • Margin Trading facility

Considerations

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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SMC Global Investment Options Compare

Here we are comparing SMC Global with its 5 close competitors on investment options.

Broker SMC Global Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

SMC Global Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

SMC Global Account Opening Charges

      »»  Trading Account Opening Charges: Rs 1000
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA

SMC Global Brokerage

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.

For complete brokerage charges and trading plans detail please visit SMC Global Brokerage Charges.

SMC Global with closest competitors

Here we are comparing SMC Global with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SMC Global Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .03 to .3% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.3% or 30 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 70 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 20 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate SMC Global Brokerage Calculator


Open Trading and Demat Account with SMC Global Limited

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SMC Global Trading Platform and Tools

Trading Platforms Rated 3/5

    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:

    • Trade on different exchanges on a single platform
    • Online transfer of funds through multiple banks
    • Online Back office to track your investments
    • Online IPO & Mutual Fund
    • Technical SMS alerts facility
    • Latest news, market information and research reports on mail.

    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.

SMC Global Trading Platform Compare

Here we are comparing SMC Global with its 5 close competitors on Trading Platform.

Broker SMC Global Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about SMC Global

Rated 3/5 by 20 users

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.

Last updated on 2019-09-27


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SMC Global Limited User Reviews

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9. Nilesh 11/19/2019 2:42:24 PM Reply
How margin tatasteel
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8. KALI CHARAN BIRUA 10/15/2019 10:14:44 PM Reply
When some other brokers are charging Rs.10/15/20 for per order why you cannot.
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7. nitin balasaheb bhor 6/22/2019 9:21:09 AM Reply
locale(pune) branch is not supporat in margin issu
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6. GEORGE KUTTY M.V 2/20/2019 8:56:17 AM Reply
i would like to have your contact persons number in Cochin, Kerala.
Georgekutty
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5. Thomas 8/20/2018 4:16:42 AM Reply
Web and Mobile Trading Platform is not fast and always gives login issues.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
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4. deepak 5/18/2018 1:26:44 PM Reply
staff of the instituation not supported and hide many things

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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3. Vijay 2/25/2016 5:55:19 AM Reply
What is SMC''s brokerage charges?
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3.1. ASHISH KAPOOR 1/6/2018 12:49:45 PM
What is SMC''''s brokerage charges?
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3.2. Sandeep 1/8/2018 11:18:34 AM
SMC Basic Brokerage plan is from .03% to .3%.
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2. KAUSHAL KHATORE 11/5/2017 2:52:55 PM Reply
Super Facilities as compared to others Full Service providers brands....

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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1. Manish singh 12/24/2016 2:14:00 PM Reply
Brokerage charge is high....actual brokerage charge is .05%...but they have shown 0.03% in internet......

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average

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