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 Options||0.0715% on Premium||0.065% on Premium|
|Currency Options||0.0600% on Premium||0.065% on Premium|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||NEST, NOW||Odin Diet|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||Y||N|
|Reports||Daily Market Report||N||Y|
|Quarterly Analysis of Results||N||Y|