India Infoline vs SMC Global – Point by Point Comparison

Choosing the right online share trading firm involves a number of things that are to be taken care of. Comparing two very promising firms, India-Infoline and SMC Global, the results show the actual position and the benefits these firms provide to the customers. Before comparing and choosing the better option for yourself, it is important to know that both, India-Infoline and SMC Global are full service brokers. After analysing this fact in an appropriate way, it is important to know about the facilities and major requirements of these firms.

Coming on to opening a trading account, it is very important to know about the registration fees and the requirement each firm has. India-Infoline asks for Rs. 750 as the registration fees whereas SMC Global asks for Rs. 1000 as registration fees. After the opening of the online share trading account, it is important to know about the brokerage charge of each firm.

India-Infoline charges 0.50% of every trade; however SMC Global charges 0.30% of every trade as its brokerage. Coming on to another important factor which is the trading platform for each firm, it should be noted that India-Infoline works on Trader Terminal and SMC Global works on Odin Diet.

    India Infoline SMC Global
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 750 Rs. 1000
Annual Maintenance Charges of Trading Account NA Nil
Fees for Opening Demat Account Rs. 555 Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% 0.30%
Equity Intraday Charges 0.05% 0.03%
Equity Future Charges 0.05% 0.03%
Equity Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs. 70 per lot
Currency Futures Charges 0.05% 0.03%
Currency Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs. 20 per lot
Commodity Charges 0.05% 0.03%
Minimum Brokerage Charges Rs. 0.05 per share 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 0.00% 0.00%
Currency Options 0.051% on Premium 0.065% on Premium
Commodity 0.00% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours NA Y
SMS Alerts Y Y
Online Demo Y NA
Online Portfolio Y Y
Trading Platform Trader Terminal Odin Diet
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD NA 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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