IDBI Capital vs SMC Global – Point by Point Comparison

Both these firms provide Full Service Brokers but they charge differently for opening a trading account. IDBI Capital takes a fee of Rs 700 whereas SMC Global charges a sum of Rs 1000 from its customers. The brokerage charges such as equity delivery charges, equity intraday charges and equity future charges for IDBI Capital are 0.50%, 0.08% and 0.08% respectively whereas the same charges for SMC Global are 0.30%, 0.03% and 0.03% respectively. Feature of 3-in-1 account is being provided by IDBI Capital but not by SMC Global. Investment services like commodity and currency are being offered by SMC Global but not by IDBI Capital. The feature of online demo is provided by IDBI Capital but the same feature is not provided by SMC Global.

    IDBI Capital SMC Global
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE BSE, NSE, MCX & NCDEX
Fees for Opening Trading Account Rs. 700 Rs. 1000
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% 0.30%
Equity Intraday Charges 0.08% 0.03%
Equity Future Charges 0.08% 0.03%
Equity Options Charges Rs. 100 per lot Rs. 70 per lot
Currency Futures Charges NA 0.03%
Currency Options Charges NA Rs. 20 per lot
Commodity Charges NA 0.03%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.051% on Premium 0.065% on Premium
Currency Futures NA 0.00%
Currency Options NA 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 NA Y
Online Demo Y NA
Online Portfolio Y Y
Trading Platform Power Pro Odin Diet
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N 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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