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SMC Global Vs Beeline NRI Account Comparison

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

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

Our SMC Global Limited comparison with Beeline Broking Limited highlights the major differences between two brokers. Find the best between SMC Global and Beeline NRI Account.

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SMC Global Vs Beeline

  SMC Global Beeline
 
  SMC Global Limited Logo Beeline Broking Limited 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 Beeline Broking is an online discount broker offering NRI trading services. The company offers a 2-in-1 account to NRIs to invest in equities, IPOs, mutual funds and bonds. Beeline offers 3rd-party trading software to NRI and resident investors. It ... Know more about Beeline Broking Limited
Account Type NRI Account NRI Account
Enquire SMC GlobalEnquire Beeline

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SMC Global Vs Beeline Charges

  SMC Global Beeline
NRI Account Opening Fees ₹1000 ₹876
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 499 Nil
NRI Demat Account AMC Rs 300 Zero AMC with one time Rs 876 fee
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalEnquire Beeline

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SMC Global Vs Beeline NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Beeline NRI Account
Equity Delivery 0.50% 0.40%
Equity Futures 0.05% NA
Equity Options ₹75 per lot NA
Enquire SMC GlobalEnquire Beeline

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
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 Beeline NRI Account Taxes/Fees

  SMC Global Beeline
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 Beeline NRI Account Margin

  SMC Global Margin Beeline 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 Beeline NRI Account Features

  SMC Global Beeline
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire SMC GlobalEnquire Beeline

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SMC Global Vs Beeline NRI Account Review

  SMC Global Review Beeline Review
  30 Customer Reviews    Rate SMC Global 2 Customer Reviews    Rate Beeline
Fees 3.8 4.5
Brokerage 3.7 4.5
Trading Platform 3.9 3.0
Customer Service 4.0 3.5
Overall Rating Rated 4.0 stars Rated 4.0 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Beeline is Rated 4.0 / 5 based on 2 customer reviews
Enquire SMC GlobalEnquire Beeline

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Contact Broker / Request A Call Back

  SMC Global Enquire Beeline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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SMC Global Vs Beeline NRI Investment Options

  SMC Global Beeline
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance

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SMC Global Vs Beeline NRI Customer Service

  SMC Global Beeline
Customer Care Number +91-11-25754371, 91- 9650988009 079-66664040
Customer Care Email nridesk@smcindiaonline.com connect@beelinebroking.com
Enquire SMC GlobalEnquire Beeline

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SMC Global Vs Beeline Order Type Offered for NRI Account

  SMC Global Beeline
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 Beeline - NRI Account Advantages and Disadvantages

  SMC Global Beeline
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.
  • Offer NSE NOW and ODIN trading platform.
  • Beeline charges lower brokerage than full-service brokers.
  • Provides technical and fundamental analysis.
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.
  • Doesn't offer NRI's Equity Derivatives (F&O) trading.
  • Doesn't offer AMO (After Market Order) and GTC (Good Till Cancelled) order.
  • It has only one office which is located at Ahmedabad.
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.

Beeline Broking, an Ahmadabad based online stock broker doesn't provide any details about its NRI services on its website or over the call. The broker doesn't offer the facility to trade and invest in equity derivatives for NRIs. The company doesn't seem interested in NRI clients.

Promo / Offers
Enquire SMC GlobalEnquire Beeline

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