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SMC Global Vs Alice Blue NRI Account Comparison

The side-by-side comparison of SMC Global and Alice Blue NRI Account. Compare SMC Global Vs Alice Blue NRI Account brokerage charges, exposure margin, demat account and AMC. Read Alice Blue and SMC Global NRI Account reviews.

Find out SMC Global Vs Alice Blue which is better NRI Trading Account. See SMC Global Vs Alice Blue which is best NRI Demat Account.

Our SMC Global Limited comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between SMC Global and Alice Blue NRI Account.

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SMC Global Vs Alice Blue

  SMC Global Alice Blue
 
  SMC Global Limited Logo Alice Blue Financial Services Logo
About the Broker SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Enquire SMC GlobalOpen Alice Blue Account

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SMC Global Vs Alice Blue Charges

  SMC Global Alice Blue
NRI Account Opening Fees ₹1000 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalOpen Alice Blue Account

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SMC Global Vs Alice Blue NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Alice Blue NA
Equity Delivery 0.50% NA
Equity Futures 0.05% NA
Equity Options ₹75 per lot NA
Enquire SMC GlobalOpen Alice Blue Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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SMC Global Vs Alice Blue NRI Account Taxes/Fees

  SMC Global Alice Blue
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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SMC Global Vs Alice Blue NRI Account Margin

  SMC Global Margin Alice Blue Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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SMC Global and Alice Blue NRI Account Features

  SMC Global Alice Blue
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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SMC Global Vs Alice Blue NRI Account Review

  SMC Global Review Alice Blue Review
  30 Customer Reviews    Rate SMC Global 33 Customer Reviews    Rate Alice Blue
Fees 3.8 3.8
Brokerage 3.7 3.7
Trading Platform 3.9 3.5
Customer Service 4.0 2.9
Overall Rating Rated 4.0 stars Rated 3.3 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Alice Blue is Rated 3.3 / 5 based on 33 customer reviews
Enquire SMC GlobalOpen Alice Blue Account

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Contact Broker / Request A Call Back

  SMC Global Enquire Alice Blue Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open FREE Instant Account online with Alice Blue and start trading today.
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SMC Global Vs Alice Blue NRI Investment Options

  SMC Global Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options Debt Funds, Bonds, ETF, Insurance

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SMC Global Vs Alice Blue NRI Customer Service

  SMC Global Alice Blue
Customer Care Number +91-11-25754371, 91- 9650988009
Customer Care Email nridesk@smcindiaonline.com
Enquire SMC GlobalOpen Alice Blue Account

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SMC Global Vs Alice Blue Order Type Offered for NRI Account

  SMC Global Alice Blue
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No

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SMC Global Vs Alice Blue - NRI Account Advantages and Disadvantages

  SMC Global Alice Blue
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers

Free Equity Delivery Trade + FREE Account Opening

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open FREE Instant Account online with Alice Blue and start trading today.

Enquire SMC GlobalOpen Alice Blue Account

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