Open SMC Global Account | SMC Global Account Opening Online Process Review

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SMC Global Account Opening Charges 2021

SMC Global account opening charges are Nil for a trading account and Rs 499 for Demat account. SMC Global charge Rs 300 AMC for Demat account.

Trading Account Opening ChargesNil
Account AMC ChargesNil
Demat Account Opening ChargesRs 499
Demat AMC (Yealy)Rs 300

Incorporated in 1990, SMC Global Limited is a broking and distributed financial services company. It caters to over 18 lakh customers in India and abroad with a wide product portfolio.

SMC offers broking services in multiple asset classes including equity, derivatives, currency and commodity etc., across multiple exchanges including BSE, NSE, MCX, NCDEX and MCX-SX. It also offers other financial services like Mutual Funds, IPOs, Bonds, Advisory and Wealth Management etc.

Key Facts about SMC Global

  • 25+ years of experience in the trading industry
  • Over 18 lakhs customers
  • Presence in 500+ cities in India and abroad
  • Member of SEBI, BSE, NSE, MCX, NCDEX and MCX-SX
  • Depository Participant of participants of Central Depository Services Limited (CDSL), National Securities Depository Limited (NSDL) and Comtrack.
  • Won over 30+ awards
  • In-house research team
  • 2500+ sub-brokers and authorised agents

Product Offered by SMC Global Limited

  • Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX and NCDEX
    • Currency Trading at NSE
  • Depository Services (Demat Account)
  • IPOs
  • Mutual Funds
  • Bonds and NCDs
  • Wealth and Portfolio Management
  • Insurance Broking
  • Financing ( Business loans, SME Loans, Loan Against Securities)
  • Real Estate Advisory

SMC Global Account Opening

You can open an account with SMC in 2 ways

  1. Online Account Opening- For instant account opening, you would need Aadhar card, PAN card, a cancelled and a webcam. Your Aadhar card must be registered with your current mobile number. Here are steps to online account opening with SMC-
    1. Go to SMC Global website click on the banner for '15 Minutes Account Opening'
    2. This will take you to SMC eKYC portal.
    3. Get started with online account opening by filling Name, Email and Mobile Number.
    4. Upload the digital copies of the required documents.
    5. Verify your identity through Aadhar OTP.

    Your account will be opened instantly and you can access all the features in a few minutes.

  2. Call their toll free number and talk to the customer support team. Once you have expressed your interest to open a trading and demat account with the company, a company representative will get in touch with you to take the process forward.

Documents needed for account opening

SMC Global requires following documents to open the trading and demat account:

  1. Clear photocopy of PAN Card
  2. Proof of Identity- Passport, PAN, Voter ID, Driving License etc.
  3. Proof of Address- Voter ID, Driving License, Passport, Ration Card, Attested Photocopy of Bank Passbook/Bank Statement
  4. Latest Bank Statement with IFSC/MICR Code
  5. Cancelled Cheque
  6. 2 Passport Size Photographs

Additional documents as proof of income may be required for trading in derivative segments.

Check Account Opening Status

The online account is opened instantly.

It takes 3-4 days for opening a trading and demat account offline provided all your documents are in order. The company's customer support team will contact you in case there are any discrepancies.

You can check the account opening status online at SMC eKYC website.

You can also call their toll free number or write an email to the customer support.

Account Opening PDF Forms

To open a trading and a Demat account with the SMC, you need to register yourself online or call/SMS their toll-free numbers to express your interest. A company representative will get in touch with you and will share the Account Opening PDF Form which you need to download, fill, sign and send it to the company address along with required documents.

The account opening PDF forms are available on the download page of SMC Global website.

If all your documents are in order, the account will be opened in 3-4 working days.

SMC Global Account Closure Form

You can close the SMC trading and the Demat account at any time.

Steps to close SMC Account

Get in touch with SMC's customer service team by call/email etc. The customer service representative will assist you in closing the account.

In general, the accounts are not closed online. The company will ask you to fill a form and send it with required documents to the address provided in the form. If you have a joint Demat account then all holders have to sign the form.

If there are any balance funds in your account then it will either be transferred to your bank account.

Before initiating account closure, please make sure that-

  1. Close all open positions in F&O.
  2. All the securities held in your SMC Demat account are moved to another account.
  3. Clear all dues with the company.

It is advisable that you follow up with the customer service, a couple of weeks from completing the account closure formalities, to check the status of your account.

Frequently Asked Questions

  1. 1. How long does it take to open an account with SMC Global?

    It takes 3 to 4 days to open the trading and Demat account with the company provided all your documents are in order.


  2. 2. What documents are required to open an account with SMC Global?

    You need following documents to open an account with SMC-

    • Copy of PAN Card
    • 2 passport size photos
    • Proof of Identity
    • Proof of Address
    • Cancelled Cheque
    • Income Proof (For Derivative Trading)


  3. 3. Who are eligible to open an account with SMC Global?

    Any individual, HUF (Hindu Undivided Family), proprietary firm, partnership firm or a corporation can open an account.


  4. 4. Is it mandatory to open the Demat account along with the Trading account in SMC Global?

    Yes, it is mandatory to open the Demat account with the trading account.


  5. 5. How do I know if my account is opened with SMC?

    Once the account is opened, you will receive a welcome kit from the company. The kit contains Welcome Letter, Information Brochures, software/demo CD etc., to assist you in operating the account.


  6. 6. Do I need to maintain a minimum balance in my trading account with SMC Global?

    No, you don't need to maintain any minimum balance in the trading account. You can transfer and withdraw funds as per your trading needs.


  7. 7. What are the account opening charges with SMC?

    Currently, there are no charges (subject to certain conditions) for opening a trading account and a Demat account with SMC. However, you have to pay charges for accessing the platforms.


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Information on this page was last updated on Friday, April 10, 2015


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