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|
|Exchanges||BSE, NSE, MCX & NCDEX||BSE, NSE|
|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|
|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|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||Odin Diet||Securities Trading and Securities Processing|
|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|