• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

The full-Service Broker, SMC Global provides three brokerage plans. The client can select any of the plans as per their requirement and gain maximum out of their hard earned money.  Their multiple Brokerage plans are explained  below:

SMC Global Account Opening & AMC Charges

SMC Global charges ₹0 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. ₹300 are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by SMC Global to maintain your account.

Name Details
Trading Account Opening Fee ₹0
Demat Account Opening Fee ₹499
Demat Account AMC ₹300
Trading Account AMC ₹0
SMC Global Brokerage Charges

Please find below SMC Global Brokerage charges in their basic Plan. SMC Global provides delivery trade at 0.3%, Intraday Trade at 0.03%, Equity Future Trade at 0.03%, and Equity Option Trade at ₹70 per lot.

Plan Name SMC Global Limited
Equity Delivery 0.3%
Equity Intraday 0.03%
Equity Future 0.03%
Equity Options ₹70 per lot
Currency Futures 0.03%
Currency Options ₹20 per lot
Monthly Fee -
Margin Trading -
Commodity Futures 0.03%
Commodity Options 0.03%
SMC Global Transaction Charges (Per Crore)

The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. SMC Global Transaction charges are as per the below table:

Name Details
Equity Delivery 0.0035%
Equity Intraday 0.0035%
Equity Future * 0.0029%
Equity Options * 0.065% (on premium)
Currency Futures * 0.0029%
Currency Options 0.065% (on premium)
Commodity 0.0030%
SMC Global Other Charges

A lot of other Charges are getting levied other than brokerage by SMC Global like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.

Name Details
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower
Call & Trade -
Stamp Duty * State Wise
DP Charges (on sell side) -
Other Miscellaneous Charges -
SMC Global Demat Account Charges

The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find SMC Global demat account charges 2020.

Name Details
Depository Service Provider CDSL & NSDL
Account Opening Fee Nil
Advance Deposit -
Dematerialisation Charges

Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier)

Rematerialisation Charges

Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier)

Transaction Charges (Credit) -
Transaction Charges (debit) -
Pledge Creation Charges

Rs 60

Pledge Creation Confirmation Charges

Rs 60

Pledge Invocation Charges

Rs 30

Failed Instruction Charges

Rs 20 per instruction

Other Charges

AMC charged yearly in advance.

DIS Book Charges: Rs 30 (20 leafs)

Client Modification Charges: Rs 25

Security deposit for CDSL easiest facility (optional) is Rs 2,500

SMC Global Charges Explained

  • Securities / Commodities Transaction Tax : Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.

  • Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE, MCX) and clearing member.

  • Call & trade: Additional charges of Rs25 per executed order:

  • Stamp charges: Charged as per the state of the client's correspondence address.

  • GST:Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)

  • SEBI Charges:Charged at Rs.15 per crore by Securities and Exchange Board of India for regulating the markets.

SMC Global User Reviews

Post New Message