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 toopen a demat account on SMC Global.
Trading Account Opening Charges
Trading Account AMC
Demat Account Opening Charges
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:
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
18% on (Brokerage + Transaction + SEBI fee)
(On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001%
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 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
• Real Estate advisory
• Forex advisory
• Clearing services
• NPS services
• Research services
• Investment banking
• IPO, mutual funds & other financial products.
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.
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.
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.