Trade Smart Online vs SMC Global – Point by Point Comparison

SMC Global Limited was incorporated in the year 1994, and today is a popular financial services company in India. Its presence is not only restricted to India but can be felt all over the world. It offers investment banking and wealth management services.

Trade smart online is a Mumbai based broker and is a part of VNC finance and capital Services Limited. It offers discount brokerage, services in stock, commodity and currency trading segments.

While SMC is a full service broker, Smart Online is discount broker. SMC trades in NSE, BSE, MCX and NCDEX while Smart Online trades in BSE, NSE, MCX, and NCDEX.

On analysing the stock broker charges and fees, it is observed that SMC Global charges a hefty amount of Rs. 1000 as the trading account opening fees while Smart Online charges a minimal amount of Rs. 300 for the same. The trading account AMC is charged nothing in both of these.

The trend of the brokerage charges highlights that the equity delivery brokerage is 0.3% in SMC Global which is Rs. 15 in case of Smart Online. The same is in the case of the equity intraday brokerage.

The other similar features offered by these include mobile trading, charting, automated trading and after trading hours offers.

Trade Smart Online SMC Global Limited
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX, NCDEX BSE, NSE, MCX & NCDEX
Fees for Opening Trading Account Rs. 200 Rs. 1000
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 200 Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges Rs. 15 0.30%
Equity Intraday Charges Rs. 15 0.03%
Equity Future Charges Rs. 15 0.03%
Equity Options Charges Rs. 15 Rs. 70 per lot
Currency Futures Charges Rs. 15 0.03%
Currency Options Charges Rs. 15 Rs. 20 per lot
Commodity Charges Rs. 15 0.03%
Minimum Brokerage Charges Rs. 15 Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.0715% on Premium 0.065% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.0600% on Premium 0.065% 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 Y
SMS Alerts N Y
Online Demo Y NA
Online Portfolio N Y
Trading Platform NEST, NOW Odin Diet
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds Y Y
Debt N Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y N
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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