SMC Global vs Angel Broking – Point by Point Comparison

With a wide range of investment services like Equity Trading, Commodities, Mutual Funds, Debt, IPO, bond available, SMC Global and Angel Broking serve to be great online share trading portals. Unlike discount brokers, they are both full service brokers. Both provide reports on daily market investments and results on quarterly analysis.

Angel Broking offers many different trading platforms like Angel swift, Angel eye, Speed pro and Angel Lite, whereas SMC Global uses ODIN diet as its platform.

Mobile trading on NSE is not available for SMC Global. Do not expect an online chart from Angel Broking, therefore online money transfer to bank account from a trading account is not possible. However, cell phone apps are available on Angle Broking to allow trading on mobile phone.

Angel Broking, unlike SMC Global charges no fee for opening a trading account.

Despite the fact that the transaction charges are zero for full service brokers, the brokerage charges in both the cases vary. Under the transaction charges, the turn-up for Equity and currency options are 0.065% on premiums with SMC Global trading indifferent to 0.05% with the other. Take a note that SMC Global has a minimum brokerage charge higher than Angel Broking.

SMC Global Angel Broking
Basic Information Type of Broker Full Service Broker Full Service
Fees for Opening Trading Account Rs. 1000 Rs. 600
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.30% 0.1% to 0.4%
Equity Intraday Charges 0.03% 0.1% to 0.4%
Equity Future Charges 0.03% 0.1% to 0.4%
Equity Options Charges Rs. 70 per lot Rs. 30 to Rs. 50 per lot
Currency Futures Charges 0.03% 0.1% to 0.4%
Currency Options Charges Rs. 20 per lot Rs. 12 to Rs. 15 per lot
Commodity Charges 0.03% 0.1% to 0.4%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 0.10 per share
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.065% on Premium 0.05% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.065% on Premium 0.05% on Premium
Commodity 0.00% For MCX: 0.0015%, for MCX-SX: 0.0001% & for NCDEX: 0.0030%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo NA Y
Online Portfolio Y Y
Trading Platform Odin Diet Angel Lite, Angel Swift, Angel Eye & Speed Pro
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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