SMC Global Demat Account 2023 | Opening, Charges, Demo and Details
SMC Global Demat Account Opening Charges and Details
SMC Global was incorporated in 1990 as a financial service provider and very soon emerged as full-service broker of India. SMC Global is a SEBI registered broker and offers to invest in equity, derivative, currency, commodity, mutual fund and IPO. SMC Global provide the facility to Non-resident Indians (NRIs) to invest in Indian share market through its platform. SMC Global provides various financial products such as loan against securities / commodities / property, insurance, loan for IPO application etc. On SMC Global platform, you will get latest news related to market, economy, shares, IPO information and research & advisory services. It offers leverage and margin exposure up to 6x to trade in intraday segment which is quite beneficial for beginners and experienced traders. As the depositary participant of CDSL and NSDL, it provides depositary services and 2-in-1 account to its clients.
• Equity Intraday & Futures – 0.03%
• Equity Delivery – 0.3%
• Equity Options – Rs 70 per lot
• Currency Futures – 0.03%
• Currency Options – Rs 20 per lot
• Commodity Futures – 0.03%
• Commodity Options – 0.03%
SMC Global offers many trading software and mobile application through which you can place your order from any place across India. One should choose SMC Global because of its wide range of financial services, transparent policy and ultra-modern features through which any trader can enhance their assets easily.
Demat Account & its types:
Before this digitalisation, shares of the company was physically handled by the company and client but now all the process is in your fingertips. Demat account (Dematerialisation account) is the electronic account to hold your securities, stocks, mutual funds shares, bonds, IPO allotted shares and ETFs in an electronic form by removing the practice of physical handling of company’s shares. Usually, you open a demat account with any broker such as Alice Blue, Zerodha, Upstox, Angel Broking etc but actually you are opening with National Securities Depositary Limited (NSDL) and Central Depositary Services Limited (CDSL) and broker acts as a mediator between customer and CDSL & NSDL.
Generally, there are 3 types of demat account:
• Regular Demat Account – For residing Indian citizen of the country.
• Repatriable Demat Account – For NRIs through which an NRI can transfer money abroad but it needs to link with NRE Bank account.
• Non-Repatriable Demat Account – For NRIs but does not allow to transfer money abroad and needs to link with NRO Bank account.
SMC Global Demat Account:
As a depositary participant of CDSL and NSDL, SMC Global offers depositary services on its platform. It provides 2-in-1 account to all traders/investors around the world. SMC Global acts as a mediator between the customer and CDSL & NSDL. Demat account is accompanied by trading account because demat account hold your shares or securities and for buying & selling of shares, you need a trading account. With the help of SMC Global demat account, you can trade/invest in equity, derivative, mutual fund, IPO, currency and commodity. SMC Global provide the facility to open online demat account in just 15 minutes and you can also call on toll free number to take the help from customer support representative on account opening process.
SMC Global Securities DP Membership ID:
• CDSL/NSDL- IN-DP-130-2015
1. Online Account Opening:
Through eKYC process, you can open Online Account on SMC Global in just 15 minutes. You need to have Aadhar card, PAN card, cancelled cheque and a webcam. Your Aadhaar card must be linked with your respective mobile number. Follow the below given steps to open an online account:
• Visit the website of SMC Global and click the banner ’15 minutes account opening’.
• After clicking, SMC eKYC portal page will get open.
• Start the registration process by entering your name, email id and mobile number.
• Upload the digital scanned copies of the required document.
• Validate your identity through Aadhaar OTP.
2. Customer Support Section:
You can also call-in toll-free number 1800110909 and company’s representative will assist you in opening of demat and trading account.
SMC Global Demat Account Opening Charges:
SMC Global demat account opening charges are as follows:
Demat Account Opening Charges
Documents Required to Open Online Demat Account on SMC Global:
• PAN card
• Aadhar card
• Bank statement or Latest bank account slip.
• 2 Passport size latest photographs
• Income proof (To trade in F&O segment)
SMC Global Depositary Charges:
There are various depositary charges which are as follows:
Annual Maintenance Charges (AMC)
Rs 300 p.a.
Rs 25 per certificate
Rs 5 per certificate
Pledge Invocation / Closure
Rs 30 per instruction
Rs 60 per instruction
On-Market Transaction Charges
Rs 15 per instruction for POA clients
Rs 20 per instruction for Non-POA clients
Off-market Transaction charges
0.03% subject to min Rs 20 & Max Rs 50 per instruction
Delivery Instruction Book Charges
Rs 30 (20 leafs)
Delivery Instruction Booklet
Rs 20 per instruction
Comments for SMC Global Demat Account 2023 | Opening, Charges, Demo and Details
Frequently Asked Questions
Yes, SMC Global offers ‘Refer & Earn’ facility through which you can earn extra money while referring SMC Global to any new or experienced trader who does not have any account on SMC Global.
Yes, you need to call on toll free no 1800-11-0909 and company’s representative will assist you to open an account.
SMC Global is a very diversified and popular platform which offers a wide range of financial products such as: • Trading in equity, derivative, currency and commodity. • Wealth management • Depositary services • Mortgage advisory • FPI investment • NBFC financing • Real estate advisory • Forex advisory • NRI investment • Insurance • Real Estate advisory • Forex advisory • Clearing services • NPS services • Research services • Investment banking • IPO, mutual funds & other financial products.
SMC Global offer following products to NRIs: • Equity trading in BSE & NSE (Delivery based) • Trade in F&O segment • Direct Mutual Fund • Bonds
SMC Global has its partnership with HDFC bank, Axis bank, IndusInd bank, Yes bank and Federal bank for NRI account, one can open a NRI savings account with these banks and later on link it with SMC Global demat & trading account.
Yes, SMC Global provides free call and trade facility.
Yes, SMC Global offers semi and fully Algo trading on its platform.
Yes, any NRI across the world can invest in Indian Share market through SMC Global.
Yes, you can place After Market Order (AMO) on SMC Global.
Intra-day square off timings on SMC Global platform is 3.15 pm.
No, SMC Global does not provide Bracket Order (BO) on its platform.
MTM (Mark To Market) is a method to calculate the fair value of fluctuating assets & liabilities. It is calculated on a daily basis which is either debited or credited to/from your margin account.
Yes, SMC Global provides free online trading software to their clients which are as follows: • SMC Easy Trade (Mobile application) • SMC Easy Trade (Browser-based website) • SMC Privilege (ODIN Diet) (Trading Terminal)
SMC Global offers online IPO application facility to their client and you can also apply through your bank account, you can enter SMC Global Demat Account Number to get your allotted shares in your demat account.
No, SMC Global only offers 2-in-1 account on its platform i.e. demat and trading account.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank – HDFC, Axis, IndusInd, Federal or Yes bank) in a prescribed format for PIS account. After that, your respective bank will issue a PIS approval letter to the investor.