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m,Stock vs SMC Global (Compare m,Stock and SMC Global)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between m,Stock vs SMC Global, Below comparison of m,Stock vs SMC Global highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of m,Stock vs SMC Global is given below:

m,Stock

SMC Global

	m,Stock	SMC Global

About The Brokers

m,Stock :

mStock is the most credible new entrant in Indian discount broking — Mirae Asset's $600B global AUM and established Indian MF track recor >>> more

SMC Global :

"SMC Global Limited is the leading brokerage house which is the one-stop solution of the diversified need of investors incorporated in 1990 by Mr. Subhash C. Aggarwal >>> more

Find More Information about the Broker :

m,Stock :

OVERVIEW

SMC Global :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

m,Stock :

Discount Broker

SMC Global :

Full Service Broker

Promo/offers

m,Stock :

N/A

SMC Global :

N/A

Advantage

m,Stock :

✔ What mStock Does Well

✓	₹5/order F&O & intraday — 4x cheaper than ₹20 standard; matches Shoonya
✓	₹1,299 one-time for lifetime zero operating charges — pay once, trade free forever
✓	₹0 Call & Trade — phone orders completely free
✓	₹0 pledge creation charges
✓	MTF from 6.99% p.a. (up to 80% funding, 1,100+ stocks, unlimited holding)
✓	Mirae Asset parent ($600B+ AUM, 15+ markets) — institutional credibility
✓	GTT orders, basket orders, TradingView charts (F&O)
✓	Free trading API
✓	MIRA virtual assistant for support and onboarding
✓	MF (3,500+ direct schemes), IPO, ETF available

SMC Global :

Top class customer service
Easy-to-use website & other online platforms
Award-winning research services
Different brokerage plans for the different type of clients
It provides multiple trading options
PAN India Presence.

Disadvantage

m,Stock :

✘ Where mStock Falls Short

✗	App and web portal freeze/hang issues reported frequently — reliability concerns
✗	Customer support delays reported
✗	No NRI accounts
✗	Quarterly AMC ₹219 if you don't pay ₹1,299 upfront (Shoonya ₹0 always)
✗	Auto square-off: ₹100+GST per order — high
✗	Unpledge charges: ₹32 per request (pledge creation is free)
✗	Relatively new (2022) — less platform maturity than Zerodha/Angel One
✗	No relationship manager

SMC Global :

No margin funding
They are not transparent in terms of expressing brokerage charges
Good till cancelled & Good till date/time order are not available in equity segment
Mobile trading is not available for NSE.

Why This

m,Stock :

SMC Global :

Clients get the assistance of industrial experts while investing their money in financial products.
They provide a wide option to invest in.
SMC Global provide 3000+ Crores cumulative AUM under mutual funds
They provide clearing settlement services to 280+ trading members
They have strong values of being ahead in the innovation of technology
Clients can place AMO & BTST orders
They also support low bandwidth internet on their website as well as on mobile trading platforms.

m,Stock vs SMC Global Account Opening & AMC Charges

- and SMC Global Trading Account Opening Fee is Nil . - and SMC Global Demat Account AMC is Rs 300 .

	m,Stock	SMC Global
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : Nil
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : Rs 499
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : Rs 300
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : Nil

m,Stock vs SMC Global Brokerage Charges

m,Stock Brokerage Charges SMC Global Brokerage Charges Equity Delivery is 0.3% and Equity Intraday is 0.03% and Equity Options is Rs 70 per lot .

	m,Stock	SMC Global
Plan Name	-	Plan Name : SMC Global Limited
Equity Delivery	-	Equity Delivery : 0.3%
Equity Intraday	-	Equity Intraday : 0.03%
Equity Future	-	Equity Future : 0.03%
Equity Options	-	Equity Options : Rs 70 per lot
Currency Futures	-	Currency Futures : 0.03%
Currency Options	-	Currency Options : Rs 20 per lot
Monthly Fee	-	Monthly Fee : -
Margin Trading	-	Margin Trading : -
Commodity Futures	-	Commodity Futures : 0.03%
Commodity Options	-	Commodity Options : 0.03%

m,Stock vs SMC Global Exchange Transaction Charges

m,Stock Exchange Transaction Charges - and - . SMC Global Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) .

	m,Stock	SMC Global
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : -	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options *	Equity Options : -	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	Currency Options : -	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : -	Commodity : 0.0030%

m,Stock vs SMC Global Other Charges

m,Stock and . SMC Global Minimum Brokerage is Rs 25 per trade or 2.5% of the trade value whichever is lower and .

	m,Stock	SMC Global
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : Rs 25 per trade or 2.5% of the trade value whichever is lower
Call & Trade	Call & Trade : -	Call & Trade : -
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

m,Stock vs SMC Global Features

m,Stock and SMC Global both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	m,Stock	SMC Global
Trading Platform	Trading Platform : -	Trading Platform : SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : -
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : 1
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

m,Stock vs SMC Global Demat Account Charges

A comparative table of various demat account charges between m,Stock and SMC Global is below:

	m,Stock	SMC Global
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : Nil.
Advance Deposit	Advance Deposit : -	Advance Deposit : -
AMC	AMC : -	AMC : Individual Client General AMC Scheme: Rs 300 P.A. (POA Clients), Rs 350 P.A. (Non POA Clients) Onetime Yearly AMC Scheme: Rs 1000 P.A.(POA Clients), Rs 1300 P.A. (Non POA Clients) No AMC Scheme: Rs 3000 Refundable Deposit Corporate Clients: Rs 1000 P.A.
Dematerialisation Charges	Dematerialisation Charges : -	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	Rematerialisation Charges : -	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 (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : On Maket Transaction: Rs 15 (POA Clients), Rs 20 (Non POA clients) Off Market Instruction: 0.03% (subject to Min. Rs 20 & Max. Rs 50 Charges Per instruction)
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : Rs 60
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Rs 60
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : Rs 30
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Rs 20 per instruction
Other Charges	Other Charges : -	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

m,Stock vs SMC Global Basic Details

m,Stock and Total Number of Clients is 268305 and . SMC Global Year of Incorporation is 1994 and Total Number of Clients is 158044 and Total Number of Branches is 2450 .

	m,Stock	SMC Global
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 1994
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : BSE, NSE, MCX, NCDEX
Demat Services	Demat Services : -	Demat Services : Yes
Website	Website : -	Website : https://www.smctradeonline.com/
Contact Details	Contact Details : -	Contact Details : +91-11-66075200
Total Number of Clients	Total Number of Clients : 268,305	Total Number of Clients : 158,044
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 2450
Products *	Products : -	Products : -

m,Stock vs SMC Global Orders

Orders

	m,Stock	SMC Global
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : No

m,Stock vs SMC Global Research and Advice / Trading Tips

Research and Advice / Trading Tips

	m,Stock	SMC Global
Equity Trading Recommendation *	Equity Trading Recommendation : -	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : -	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : -	Recommendation basis risk Profile : -
Comparison *	Comparison : -	Comparison : -
Free Tips *	Free Tips : -	Free Tips : Yes
Daily Market report *	Daily Market report : -	Daily Market report : Yes
ETF research *	ETF research : -	ETF research : -
Quarterly Results *	Quarterly Results : -	Quarterly Results : Yes

m,Stock vs SMC Global Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	m,Stock	SMC Global
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : ₹3,00,000 to ₹5,00,000

m,Stock vs SMC Global Product & Services

m,Stock and SMC Global both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	m,Stock	SMC Global
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : -
Margin Trading *	Margin Trading : -	Margin Trading : -
Call N Trade *	Call N Trade : -	Call N Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : -	Trading in Both the exchanges : -
Limit Order *	Limit Order : -	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : -	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : -	NRI Services : -
SMS Alerts *	SMS Alerts : -	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : -	Offers Multiple Plan : -
IPO Investment *	IPO Investment : -	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : -	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : -	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : -	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : -	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : -	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : -	Currency Future & Option Trading : -
Market Trading *	Market Trading : -	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : -	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : -	Aumtomated Trading : -

m,Stock vs SMC Global Customer Services

m,Stock and SMC Global both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	m,Stock	SMC Global
Toll Free Number *	Toll Free Number : -	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : -	Live Chat Facility : -
Email Facility *	Email Facility : -	Email Facility : -
Branch Offices *	Branch Offices : -	Branch Offices : -
Customer Care *	Customer Care : -	Customer Care : -
Community Service *	Community Service : -	Community Service : -
Relationship Manager *	Relationship Manager : -	Relationship Manager : -
24/7 Support *	24/7 Support : -	24/7 Support : -

m,Stock vs SMC Global Other Investement

m,Stock and SMC Global both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	m,Stock	SMC Global
Commodity Trading *	Commodity Trading : -	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : -	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : -	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : -	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : -	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : -	Insurance Services : -
Banking Services *	Banking Services : -	Banking Services : -

m,Stock vs SMC Global Trading Platform

m,Stock and SMC Global both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	m,Stock	SMC Global
Web Platform *	Web Platform : -	Web Platform : -
Android Mobile App *	Android Mobile App : -	Android Mobile App : -
Desktop Windows *	Desktop Windows : -	Desktop Windows : -
Desktop Mac *	Desktop Mac : -	Desktop Mac : -
I-Pad App *	I-Pad App : -	I-Pad App : -
Virtual Trading *	Virtual Trading : -	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : -	iPhone Mobile App : -
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