SMC Global Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out SMC Global Review here. A full-service broker, SMC Global was incorporated in 1990 by Subash Aggarwal. D.K. Aggarwal, and Mahesh Gupta.

The private company has over 50 branches in 440+ Indian and international cities, with its head office in New Delhi.

With competitive SMC Global Charges, over 2,500 sub-brokers and partners help the firm onboard active traders and investors.

Regarding SMC Global Review, the organization is rated 8.15 by experts in terms of customer support, technology, products and services, experience, and charges.

This article has compiled everything about SMC Global, from its perks to platforms and brokerage charges.

Why Trade or Invest with SMC Global?

Here given are the perks of opening an SMC Global Account to trade and invest in financial instruments:

• It allows traders to use robust trading platforms, including the Privilege desktop terminal, Easy Trade app, and Select web-based platform.
• The firm offers diverse financial services, including third-party financial products, online broking, portfolio management, insurance broking, and more.
• SMC Global offers dedicated customer support with an e-mail, toll-free number, NRI service desk, and SMS.
• The traders trading with SMC Global can also apply for lower brokerage plans and value-added plans.

With SMC Global, you can get your hands on a ‘Standard’ brokerage plan. Moreover, there are no subscription charges.

Regarding the SMC Global Brokerage charges, Equity Delivery, Equity Intraday, and Equity Future charges 0.04% of transactional value.

• You need to pay Rs.75 brokerage per lot for Equity Option.
• 0.04% of transactional value for Commodity Future and Currency Future.
• Rs.75/lot for Commodity Option and Currency Option.

SMC Global Calculator

Calculate Brokerage Charges of SMC Global.

How to Open SMC Global Demat Account?

Follow the given procedure to open an SMC Global Demat Account:

1. Enter the necessary details in the below-given form to chat with professionals.
2. Head to the’Open Demat Account’ tab displayed on the SMC Global site.
3. Register by providing your mobile number and e-mail.
4. Fill in the requested details, such as Aadhaar card and PAN credentials, Address, bank details, etc.
5. Complete the PAN details verification step for KYC registration.
6. Select a suitable pricing plan.
7. Upload necessary documents, such as address and signature proof, PAN card, and bank passbook.
8. Use your Aadhaar details to sign the Demat account opening form digitally.

The company’s representative will ask to meet in person to verify all details and provide Demat account activation credentials.

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SMC Global App, i.e., SMC Easy Trade, is exclusively designed to bring trading to the user’s fingertips.

This app is compatible with iOS, Android, iPod, and iPad devices. In addition, you can log in to multiple trading platforms.

The brokerage house supports these web-based, software-based, and mobile-based trading platforms:

• SMC Select and SMC Exclusive are browser-based trading platforms.
• SMC Privilege is a software-based trading platform.
• Mobitrade and Tabtrade are mobile-based trading platforms.

Each trading platform of SMC Global performs extraordinarily in terms of loading time, convenience, and managing risk. The following given is the SMC Global Review of multiple trading platforms.

With SMC Global, you can access these two web-based trading platforms.

SMC Select

It is a simple web-based trading platform best suited for occasional retail traders. Moreover, there is no need for any special software. SMC Select’s main features are:

• Allowing trading on different Indian stock exchanges via a single window.
• Investing online in IPO and mutual funds.
• Transfer funds online via different banks.
• Online back office support to track investments.
• Updated stock market news, research reports, and information.

SMC Exclusive

This web-based trading platform is ideal for active traders who prefer to trade in large volumes during the day’s trading sessions.

Now that it is a web-based platform, installing the software is unnecessary. It comes with all features that are available in SMC Select.

Additionally, the platform facilitates real-time streaming of quotes on the browser interface.

SMC Privilege: Software-Based Trading Terminal

SMC Privilege is an application-based trading terminal often used by active traders. This platform provides access to the following listed features:

• Enable users to customize every feature, from the dashboard to real-time market updates, live streaming quotes, and more.
• Facilitate technical SMS alerts.
• Intraday charting
• Hotkey functions
• You can get real-time stock market news, information, and research reports.
• Track multiple financial products via a single screen.

The broker provides Mobile App & Separate App for Tabs aswell.

SMC Global has also launched mobile-based trading platforms for investors who are always traveling.

With these platforms, traders can instantly access and manage their trades using mobile devices or tablets.

Here are the firm’s mobile-based trading platforms:

SMC Global Mobitrade App

This mobile-based trading platform is easy to use due to its user-friendly interface. Often investors use Mobitrade to trade across Equities and Commodities.

Here are some attractive features of this trading platform:

• You can get real-time market information, like Contract Information, Script Information, and Best Five.
• Available in ‘Lite’ and ‘Streaming’ modes. The former mode is refresh-based, and the latter provides streaming quotes.
• Mobitrade can help trade in BSE, NCDEX, and MCX Commodity.

SMC Global Tabtrade

This mobile-based trading platform also allows traders to trade in Equities and Commodities but via Android or iPad-based tablets.

Tabtrade can help trade in BSE Cash and F&O, NSE Cash, F&O and Currency, NCDEX, and MCX.

Moreover, SMC Global provides SMC Tabtrade Easy browser-based trading platform. It typically facilitates real-time fund transfers using Android or iPad-based tablets.

This platform is supported on multiple browsers, including Google Chrome, Firefox, and Safari.

Below given are the SMC Global offers:

• The company doesn’t ask for account maintenance charges (AMC) for the first year.
• With SMC Global, you can enjoy flexible brokerage plans.
• Moreover, the firm aloe investors to assess its free research reports.
• They can also make trading calls without paying any fees.
• SMC Global enables its referral agents to earn an Amazon voucher worth Rs.1,000 on retaining a client.
• The brokerage house facilitates margin funding and pledging.
• You can also apply for a limited brokerage cashback.

SMC Global SWOT Analysis

Check out SWOT Analysis on SMC Global here.

Strength

• Pan-India presence
• Multiple online trading platforms
• Availability of Buy Today Sell Tomorrow (BTST) order options
• Invest online in Mutual Funds, IPOs, and GOI Bonds via a single website.
• A call and trade facility is available.

Weakness

• Do not offer 3 in 1 account.
• It charges extra prices for featured products.
• The equity segment doesn’t include (GTD) Good Till Date/Time and GTC (Good Till Cancelled) orders.

Opportunities

• SMC Global can facilitate mobile trading on NSE.
• It can equip its trading platforms with more features like customized recommendations, multi-profile management, and global indices.
• The firm can include insurance, digital gold, or corporate and government bonds in its product line.

Threat

• A significant concern is the brokerage house offering attractive free or flat brokerage plans.
• Some main competitors of SMC Global are 5Paisa Capital, Aditya Birla Money, AK Capital Services, Angel One, and more.

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Traders with SMC Global Trading Account can leverage the company’s extensive research and advisory support:

• Fundamental and Research reports are available to help traders discover stock market opportunities and trade wisely.
• SMC Global provides Company reports showcasing its current performance and future prospects.
• IPO reports comprise the stocks recently undergoing Initial Public Offering.
• You can also invest profitably in stocks by getting professional stock tips and daily, weekly, or monthly market reviews.
• Relationship manager and robo-advisory support are also available.

Traders and investors can have the following SMC Global Margin exposure:

• The margin for Equity Delivery and Equity F&O Carry Forward is 1x.
• Traders can retain a maximum of 5x margin for Equity Intraday based on the stocks.
• Margin exposure for equity and Commodity F&O Intraday is 1.3x.
• For Currency F&O, you can have 1x trading margin exposure.

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SMC Global Customer Care support is available across many communication channels. For instance, you can have trading, dedicated dealer, call, e-mail, website, in-office, and social media support.

The company provides 24-hour support via the toll-free number 011-66075200 and e-mail id [email protected].

With 50+ branches and 2,500+ partners and authorized persons, you can also go for offline customer services.

Furthermore, you can browse their Facebook, Twitter, WhatsApp, or Telegram support link to get your queries resolved.

With the SMC Global Complaints report, you can uncover the number of complaints the company received and resolved.

The brokerage house received 41 customer complaints and settled 32 of them. It implies SMC Global fixed 78.05% of complaints.

5 of 41 complaints were non-actionable, contributing 12.20% to total complaints.

SMC Global Charges

The details of SMC Global charges are mentioned below:

SMC Global Account Opening Charges 

• You have to pay Rs. 199 to open an account.
• Annual Maintenance Charges (AMC) are Rs. 450 for each year. However, there is no AMC for the first year.

STT & CTT Charges

• Equity Delivery: 0.01% on the buy and sell-side
• No charges for Currency Future and Option
• Equity Intraday: 0.025% on the sell side
• Commodity Option: 0.05% on the sell side

Stamp Duty Charges

• Equity Delivery: 0.015% on the buy side
• Commodity and Equity Future: 0.002% on the buy side
• Currency Future and Option: 0.0001% on the buy side

Transaction Charges

• Equity Delivery and Intraday: 0.00335% according to NSE and BSE
• Equity Future: 0.00325% according to NSE and BSE
• Currency Option: 0.035% as per NSE and 0.001% as per BSE

Pledge Charges

• Rs.30/request as pledge creation charges
• Rs.20/request as pledge Invocation charges

SMC Global Hidden Charges

• SEBI Turnover Charges for all segments are Rs. 10/crore
• Rs. 25/certificate as Dematerialization Charges

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SMC Global Review – Conclusion

SMC Global Review has become positive, with a fair share of offline and online presence. The firm’s diverse financial products and services meet advanced investors’ and traders’ demands.

By opening an account with SMC Global, you can enjoy trading or investing in equity, currency, IPO, commodities, mutual funds, and derivatives.

With more than 1.58 lakh active clients, the full-service broker is listed among the top Indian brokerage houses.

FAQs on SMC Global

Check out various FAQs related to SMC Global review here.

Is SMC Global a Safe Broker?

Established for over 30 years, SMC Global has emerged as a trusted and competitive full-service broker.

Since 1.58 lakh+ customers trust the company, you can rest assured that it offers reliable and safe services.

Is SMC Global Good for Beginners?

You can trust SMC Global for lucrative trading and investment opportunities if you have just started with stock market investment.

Moreover, the firm provides robust training assistance to investors and research and advisory support.

How many active clients does SMC Global have?

SMC Global has 1.58 lakh+ active clients.

Who is the Founder of SMC Global?

SMC Global was co-founded by Mahesh Gupta, Subash Aggarwal, and D.K. Aggarwal.

Does SMC Global provide Free Delivery Trading?

You can’t access free Delivery Trading with SMC Global. The organization fixes 0.4% of the transactional value as delivery charges.

What are Intraday Trading Charges in SMC Global?

SMC Global charges 0.4% of transactional value for Equity Intraday Trading.

What are SMC Global F&O Charges?

SMC Global Equity Future charges are 0.4% of transactional value. Moreover, its Equity Option charges are Rs. 75 per lot.

Does SMC Global charge for Commodity Trading?

SMC Global’s charges for Commodity Future are 0.4% of transactional value, and Rs. 75 per lot charges are for Commodity Option.

Does SMC Global charge for Currency Trading?

SMC Global’s charges for Currency Future are 0.4% of transactional value, and Rs. 75 per lot charges are for Currency Option.

Does SMC Global provide Research?

SMC Global provides extensive research support through fundamental, company, and technical reports. Moreover, you can leverage its stock tips, market review, and robo advisory.

How to contact SMC Global Customer Care?

You can contact SMC Global customer care via multiple communication channels, including a call, e-mail, website, in-office, and social media.

The company’s customer care toll-free number is 011-66075200, and its e-mail id is [email protected].

How much is AMC in SMC Global?

Annual Maintenance Charges (AMC) in SMC Global are Rs. 450 for each year. However, there is no AMC for the first year.

What are Account Opening Fees in SMC Global?

You have to pay Rs.199 to open an account in SMC Global.

What are Pledge Creation Charges in SMC Global?

SMC Global’s clients are mandated to pay Rs. 30/request as pledge creation charges.

How much are Pledge Invocation Fees in SMC Global?

SMC Global’s clients must pay Rs.20/request as pledge Invocation charges

Does SMC Global levy any Interest on Margin Trade Funding?

SMC Global charges 0.07% Interest on Margin Trading Funding from its traders and investors.

What are DP Charges in SMC Global?

Depository Participant charges in SMC Global are Rs. 18/Scrip on the sell side.

Does SMC Global levy any Account Closure Fees?

When trading or investing with SMC Global, paying any Account Closure fees is unnecessary.

What are Account Reactivation fees in SMC Global?

SMC Global does not charge its clients any fee for reactivating their Demat and trading accounts.

What are Call & Trade Charges in SMC Global?

SMC Global provides the Call & Trade facility without charging any fees.