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SMC Global Review | Brokerage Charges, Account Opening

SMC Global Track Record Of Best Online Stock Broker In India

 
  • Life

    4

    Company Rating

  • Life

    500+

    Cities Covered

  • Life

    2.2 Lacs+

    Orders Per Day

  • Life

    15 Lacs+ Crore

    Daily Turnover

  • Life

    13 Lacs+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

  • Life

    4

    Company Rating

  • Life

    500+

    Cities Covered

  • Life

    2.2 Lacs+

    Orders Per Day

  • Life

    15 Lacs+ Crore

    Daily Turnover

  • Life

    13 Lacs+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

 
 
 
 

SMC Global Account Opening Enquiry

 
 
 
 

SMC Global Review | Brokerage Charges, Account Opening

SMC Global Securities Limited is the joint venture of Mr. Subhash C. Aggarwal and Mahesh C. Gupta who were the members of the institute of Chartered Accountants of India. Established in 1990 as a financial service provider. SMC Global provides the facility to invest in NSE, BSE, MCX, NCDEX and MCX-SX. SMC Global is the depositary participant of CDSL, NSDL and Comtrack, it offers demat and trading account services in its platform. SMC Global offers many types of financial services to invest in such as equity, derivative, mutual funds, currency, commodity and provide the facility of investment banking, mortgage services, wealth management services, distribution of third-party financial products, research & advisory services, insurance, real estate advisory services to corporate, institutional, high net worth individuals and other retail clients. The main objective of the SMC Global is to maximize the client’s profit by providing the world-class services in affordable and minimum cost.
SMC Global is a diversified platform and it has already marked its presence in more than 550 cities and towns with a wide network of 2400+ registered sub-brokers and authorized persons spread across the India. SMC Global has its presence in foreign countries as it has its offices in Dubai, New York, Orlando and Atlanta. According to the SEBI guidelines, SMC Global offers leverage facility in intraday segment. It offers free trading software and tools such as SMC Easy Trade (Mobile trading app & trading website), SMC Privilege (ODIN DIET).

SMC Global Account Opening Charges:

You don’t need to pay any amount to open a demat account on SMC Global.

Account

Charges

Trading Account Opening Charges

Rs 0

Trading Account AMC

Rs 0

Demat Account Opening Charges

Rs 499

Demat AMC

Rs 300

SMC Global Brokerage:

While trading in the stock market on SMC Global, you need to pay brokerage which is different for all the segment.
• Equity Delivery : 0.30%
• Equity Intraday : 0.03%
• Equity Futures : 0.03%
• 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 Other Charges:

Taxes

Rates

Securities Transaction Tax (STT)

  • Equity Delivery- 0.1% on both buy & sell
  • Equity Intraday- 0.025% on sell side
  • Equity Futures- 0.01% on sell side
  • Equity Options- 0.05% on sell side (premium)
  • Commodity Futures- 0.01% on sell side (Non-Agri)
  • Commodity Options- 0.05% on sell side
  • Currency F&O- No STT
  • On exercise transaction- 0.125%
  • Right to entitlement- 0.05% on sell side

GST

18% on (Brokerage + Transaction + SEBI fee)

SEBI Charges

0.00005% (Rs.5/crore)

Stamp Duty

(On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001%

Commodity Futures- 0.002%, Commodity Options- 0.003%


SMC Global Trading Software:

SMC Global offers free trading software and tools to the clients which are as follows:
1. Browser-based trading software – SMC Global offers two types of browser-based trading software:
• SMC Ace Web (Advance)
• SMC Easy Trade (Classic)
2. SMC Easy Trade – This is a mobile-based application that allows customers to trade from any place. SMC Easy Trade is available for download in Google play store and App store respectively for android and IOS users.
3. SMC Privilege – This is an application-based trading software meant for clients who are highly activated in the stock market.

SMC Global Margin:

Segment

Margin

Equity Delivery

No margin

Equity Intraday

Up to 6x (Based on the stock)

Equity Future

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Equity Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Currency Option

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Commodity Futures

Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)


SMC Global Advantages & Disadvantages:

SMC Global is a very old and popular broker. We must read advantages and disadvantages before choosing SMC Global.

Advantages:
• Wide, secure and diversified platform.
• Presence in 500+ cities.
• Traders can place AMO (After Market Orders) and BTST (Buy Today Sell Tomorrow) orders.
• Margin facility.
• Even work on slow internet condition.
• Offers research and advisory services.
• Call and trade facility available.
• 24/7/365 customer support.
• Wide range of financial products and services.
• Hassle-free, simple and ultra-fast trading software.

Disadvantages:

• Does not offer 3-in-1 account.
• Mobile trading on NSE segment is not available.
• Good Till Cancelled (GTC) and Good Till Date/Time (GTD) orders are not available in equity segment.



 

Frequently Asked Question

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.

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