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.
|Basic Information||Type of Broker||Full Service Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX & NCDEX||BSE, NSE, MCX, NCDEX and NSEL|
|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 Futures||0.00%||For BSE: 0.0021% & for NSE: 0.0041%|
|Equity Options||0.065% on Premium||0.07% on Premium|
|Currency Options||0.065% on Premium||0.07% on Premium|
|Acceptance of Orders After Trading Hours||Y||NA|
|Trading Platform||Odin Diet||NA|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||Y|