SMC Global vs HDFC Securities – Point by Point Comparison

While contrasting SMC Global and HDFC Securities for online share trading, one of the foremost things that catch our eye is that the former is a full service broker, while the latter is a 3-in-1 full service broker. SMC Global deals in companies listed in BSE, NSE, MCX and NCDEX, where the company we are comparing it with deals in companies listed in BSE and NSE only. Both the companies do not really differ when the fees of opening a trading or a Demat account is talked about, with SMC Global charging Rs. 1000 for opening a trading account and HDFC Securities asking for Rs. 999.

If we look into the brokerage charges, we see that SMC Global provides better options, charging 0.30%, 0.03%, 0.03% and Rs. 70/lot when, at the same time, HDFC Securities charges 0.50%, 0.50%, 0.05% and Rs. 100 for Equity Delivery, Equity Intraday, Equity Future and Equity Options, respectively. The features offered by both companies are creditable, with both providing mobile trading, acceptance of orders after trading hours, SMS alerts, online portfolio, etc. The only thumbs-down that SMC Global receives here is because of the non-provision of a 3-in-1 account.

Both the companies extend laudable investment services that include equity, currency, IPO (Initial Public Offers), mutual funds, debt, etc., though HDFC Securities lacks in services regarding commodity.

Even though neither of the two companies can boast of a 24/7 customer support, both provide admirable customer services through Email and phone. In addition to these, HDFC Securities also have the provision of online live chat for the customers.

    SMC Global Limited HDFC Securities
Basic Information Type of Broker Full Service Broker 3-in-1 Full Service Broker
Fees for Opening Trading Account Rs. 1000 Rs. 999
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 750
Brokerage Charges Equity Delivery Charges 0.30% 0.50%
Equity Intraday Charges 0.03% 0.50%
Equity Future Charges 0.03% 0.05%
Equity Options Charges Rs. 70 per lot Rs. 100
Currency Futures Charges 0.03% Rs. 23 per contract
Currency Options Charges Rs. 20 per lot Rs. 23 per contract
Commodity Charges 0.03% NA
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 25 per trade
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on sale transations
Equity Futures 0.00% 0.01% on sale transactions
Equity Options 0.065% on Premium 0.017% on Premium
Currency Futures 0.00% 0.01% on sale transactions
Currency Options 0.065% on Premium 0.017% on Premium
Commodity 0.00% NA
Features 3-in-1 Account N Y
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 Securities Trading and Securities Processing
Investment Services Stock/ Equity Y Y
Commodity Y N
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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