SMC Global Vs Compositedge NRI Account Comparison

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

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

Our SMC Global Limited comparison with Composite Investments Pvt Ltd highlights the major differences between two brokers. Find the best between SMC Global and Compositedge NRI Account.

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SMC Global Vs Compositedge

  SMC Global Compositedge
 
SMC Global Limited Logo Composite Investments Pvt Ltd 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 Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt Ltd
Account Type NRI Account
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Compositedge. Leave your contact info and we will get in touch with you.
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SMC Global Vs Compositedge Charges

  SMC Global Compositedge
NRI Account Opening Fees ₹1000 ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹499 ₹100
NRI Demat Account AMC ₹300 ₹300
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Compositedge NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Compositedge
Account Type NRI Account
Equity Delivery 0.50% ₹200/- or 0.1%
Equity Futures 0.05% ₹200/- or 0.01%
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges 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 Compositedge NRI Account Taxes/Fees

  SMC Global Compositedge
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 Compositedge NRI Account Exposure Margin

  SMC Global Compositedge
Equity Delivery
Equity Futures
Equity Options
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SMC Global and Compositedge NRI Account Feature Comparison

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

  SMC Global Compositedge
  15 Customer Reviews    Rate SMC Global 17 Customer Reviews    Rate Compositedge
Fees 3.9 4.2
Brokerage 3.2 4.6
Trading Platform 3.9 4.0
Customer Service 3.7 4.2
Overall Rating Rated 3.7 stars Rated 4.2 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Compositedge is Rated 4.2 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Compositedge
Contact Broker
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SMC Global Vs Compositedge NRI Investment Options

  SMC Global Compositedge
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance
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SMC Global Vs Compositedge NRI Customer Service

  SMC Global Compositedge
Customer Care Number +91-11-25754371, 91- 9650988009
Customer Care Email nridesk@smcindiaonline.com
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SMC Global Vs Compositedge Order Type Offered for NRI Account

  SMC Global Compositedge
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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SMC Global Vs Compositedge - NRI Account Advantages and Disadvantages

  SMC Global Compositedge
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.
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
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.
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
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.

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.

Promo / Offers
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SMC Global Vs Compositedge - More Reviews

  SMC Global Compositedge
NRI Trading Review SMC Global NRI Account Review Compositedge NRI Account Review
Enquire SMC Global Enquire Compositedge
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