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SMC Global FAQs (Frequently Asked Questions)


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Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized p... Know more about SMC Global Limited

Do you have questions about SMC Global share trading account or SMC Global Demat account?

Get all your share trading doubts and questions answered by reading the SMC Global demat, trading account information FAQ. All SMC Global questions, SMC Global q&a, SMC Global faq and SMC Global questions and answers.

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  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Frequently Asked Questions

  1. 1. How to close SMC trading account?

    SMC trading account closure is an offline process.

    To close your trading account,

    • Download the account closure form.
    • Fill the form with the Trading code, reason for the closure, and other personal details like the Name and address.
    • Sign the form and send it to the SMC head office.

    Please ensure you have no outstanding dues to the broker before you initiate a closure request.

     

FAQs

  1. What is AMC for SMC Global?

    SMC Global charges Nil Annual Maintenance Charge (AMC) for a trading account and Rs 300 for a Demat account. AMC is charged to maintain the accounts.

  2. How much SMC Global charge for delivery?

    SMC Global charge 0.3% for equity delivery trade. These trades are also known as cash & carry trades or CNC.

    Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

  3. How much SMC Global charge for intraday?

    SMC Global charge 0.03% for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

    In addition you have to pay taxes and exchange transaction charges.

  4. How much SMC Global charge for futures?

    SMC Global charge 0.03% for equity, currency and commodity futures trading.

  5. How much SMC Global charge for options?

    SMC Global charges Rs 70 per lot for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much SMC Global charge for commodity?

    SMC Global brokerage charges for commodity futures is 0.03% and commodity options is 0.03%. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  7. How much SMC Global charge for currency trading?

    SMC Global charge 0.03% for currency futures trading and Rs 20 per lot for currency options trading.

  8. What are transaction charges in SMC Global?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    SMC Global Transaction Charges 2024
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
    Equity FuturesNSE Rs 190 per Cr (0.0019%) | BSE Rs 0
    Equity OptionsNSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
    Currency FuturesNSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
    Currency OptionsNSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
    Commodity0.0030%
  9. Does SMC Global offer IPO?

    Yes. SMC Global offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  10. Does SMC Global offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with SMC Global.

  11. Does SMC Global provide tips?

    Yes. SMC Global provide trading tips for stock and commodity trading to its customers.

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Information on this page was last updated on Thursday, November 23, 2023

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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