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SMC Global Review 2022

Rated 3 stars Rated 3/5 by Top Share Brokers Team
Last updated on: 8-Feb-2022
SMC Global Limited Review

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SMC Global Review 2022 - Quick 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...


Rated 3 stars

SMC Global Top Highlight for 2022

  • 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

About SMC Global

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.

Zerodha Promotion Offer

Current promotion offer from Zerodha for TopShareBrokers Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App
  • Open Instant Zerodha Account Now!

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SMC Global Brokerage Plan, Fees and Charges

Rated 3 stars 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 Plan 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 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .03 to .3% Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.3% or 30 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Rs 70 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity 0.03% or 3 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 20 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 3 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: NA

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

Please refer unique and accurate SMC Global Brokerage Calculator


How to open SMC Global Account online?

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Alternatives to SMC Global

 Demat Account
 Demat Account
 Demat Account
 Demat Account

SMC Global Mobile App and Trading Platforms

Rated 3 stars 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 Cons

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.


SMC Global Customer Care info


Final thought about SMC Global

Rated 3 stars 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.

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Last updated on: 2022-02-07


SMC Global Limited User Reviews

avatar
12. Munendra kumar Feb 05 2022 09:37:11 AM Reply
online service very good.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
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11. Kuldeep singh Aug 22 2020 12:37:02 PM Reply
3 paise
And 30 paise not working on all shares

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Average
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10. Gautam May 25 2020 02:50:27 PM Reply
Dont ever trust any of the brokerage firm i have very bitter experience with SMC GLOBAL, while opening of ac there are very superfluous attitude, but when it comes to actual senario the RM s are bullshit to give proper output, having more than 1 and half years of exp. One mr varun working in noida br.eample of worst RM i ve ever seen, even other employees specially working from backend was forcing me to withdraw complaint. So guys dont go with Smc either let your money be with bank, but it is in safe hand. The employees of smc just try to capture customer and when they receive the deposit amount they becomes king with your hard earned money. I ve lost almost 4.5 lakhs of rupees because of their wrong trading, way before lockdown
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9. Nilesh Nov 19 2019 02:42:24 PM Reply
How margin tatasteel
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8. KALI CHARAN BIRUA Oct 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 Jun 22 2019 09:21:09 AM Reply
locale(pune) branch is not supporat in margin issu
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6. GEORGE KUTTY M.V Feb 20 2019 08:56:17 AM Reply
i would like to have your contact persons number in Cochin, Kerala.
Georgekutty
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5. Thomas Aug 20 2018 04:16:42 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
avatar
4. deepak May 18 2018 01:26:44 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
avatar
3. Vijay Feb 25 2016 05:55:19 AM Reply
What is SMC''s brokerage charges?
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3.1. ASHISH KAPOOR Jan 06 2018 12:49:45 PM
What is SMC''''s brokerage charges?
avatar
3.2. Sandeep Jan 08 2018 11:18:34 AM
SMC Basic Brokerage plan is from .03% to .3%.