SMC Global vs AnandRathi – Point by Point Comparison

Two firm non-discount brokers hold a firm foot in the field of Online Share Trading. SMC Global and Anand Rathi, full service brokers, offer online trading in Stock/Equity, Commodity, Currency, Mutual Funds, IPOs, Debt and Bond/NCD. Communication through phone and email are available. However, 24*7 customer support is not available in both the portals.

Trading via both cases is available in both BSE and NSE.

SMC Global offers a trading platform to their investors, the exemption of which from Anand Rathi makes it more easy and user-friendly. The fee for opening a trading account in SMC Global is less than that of the Anandrathi by an amount of Rs 250.

With no commodity charges and free equity delivery, equity intraday and currency future charges, SMC Global and Anand Rathi differ in brokerage prices. Even though, minimum brokerage charges are not applicable in the case of Anand Rathi. The extra charge for the featured products makes Anand Rathi Brokerage high. SMC Global charges the brokerage 0.03% which is typically low than the 0.05% ranging to 0.15% in Anand Rathi. Furthermore, it is not negotiable.

SMC Global AnandRathi
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 1000 Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 300
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 550
Brokerage Charges Equity Delivery Charges 0.30% 0.5% to 0.15%
Equity Intraday Charges 0.03% 0.05% to 0.15%
Equity Future Charges 0.03% 0.05% to 0.15%
Equity Options Charges Rs. 70 per lot 2% to 0.5% on premium or Rs. 75 to Rs. 20
Currency Futures Charges 0.03% 0.05% to 0.15%
Currency Options Charges Rs. 20 per lot 2% to 0.5% on premium or Rs. 75 to Rs. 20
Commodity Charges 0.03% 0.008% to 0.05%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower NA
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% For BSE: 0.0021% & for NSE: 0.0041%
Equity Options 0.065% on Premium 0.07% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.065% on Premium 0.07% on Premium
Commodity 0.00% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y NA
SMS Alerts Y Y
Online Demo NA Y
Online Portfolio Y Y
Trading Platform Odin Diet NA
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 Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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