ICICI Direct vs SMC Global – Point by Point Comparison

  ICICI Direct SMC Global
Basic Information Type of Broker 3-in-1 Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 975 Rs. 1000
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 450 Rs. 300
Brokerage Charges Equity Delivery Charges 0.55% 0.30%
Equity Intraday Charges 0.28% 0.03%
Equity Future Charges 0.03% to 0.05% 0.03%
Equity Options Charges Rs. 65 to Rs, 95 per lot Rs. 70 per lot
Currency Futures Charges 0.030% to 0.050% 0.03%
Currency Options Charges Rs. 65 to Rs. 95 per lot Rs. 20 per lot
Commodity Charges NA 0.03%
Minimum Brokerage Charges Rs. 35 per trade Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
Transaction Charges Equity Delivery For BSE: 0.0035% and for NSE: 0.0031% 0.00%
Equity Intraday For BSE: 0.0035% and for NSE: 0.0031% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.05% on Premium 0.065% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.05% of Premium 0.065% on Premium
Commodity NA 0.00%
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y NA
Online Portfolio Y Y
Trading Platform Trade Racer Odin Diet
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y


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