ICICI Direct Vs SMC Global NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between ICICI Direct and SMC Global NRI Account.

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ICICI Direct Vs SMC Global

  ICICI Direct SMC Global
 
ICICI Securities Pvt Ltd. Logo SMC Global Limited Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. 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
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs SMC Global Charges

  ICICI Direct SMC Global
NRI Account Opening Fees ₹4000 ₹1000
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹499
NRI Demat Account AMC ₹700 ₹300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs SMC Global NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct SMC Global
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05% 0.05%
Equity Options ₹70 to ₹95 ₹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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ICICI Direct Vs SMC Global NRI Account Taxes/Fees

  ICICI Direct SMC Global
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 ₹15 per Crore ₹15 per 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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ICICI Direct Vs SMC Global NRI Account Exposure Margin

  ICICI Direct SMC Global
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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ICICI Direct and SMC Global NRI Account Feature Comparison

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

  ICICI Direct SMC Global
  413 Customer Reviews    Rate ICICI Direct 14 Customer Reviews    Rate SMC Global
Fees 2.3 3.9
Brokerage 1.7 3.4
Trading Platform 3.4 3.9
Customer Service 2.8 3.8
Overall Rating Rated 2.4 stars Rated 3.9 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 413 customer reviews SMC Global is Rated 3.9 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct SMC Global
Contact Broker
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ICICI Direct Vs SMC Global NRI Investment Options

  ICICI Direct SMC Global
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance Debt Funds, Bonds, ETF, Insurance
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ICICI Direct Vs SMC Global NRI Customer Service

  ICICI Direct SMC Global
Customer Care Number +91-22-28307780 +91-11-25754371, 91- 9650988009
Customer Care Email nri@icicidirect.com nridesk@smcindiaonline.com
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ICICI Direct Vs SMC Global Order Type Offered for NRI Account

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

  ICICI Direct SMC Global
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  • 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
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • 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.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

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.

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ICICI Direct Vs SMC Global - More Reviews

  ICICI Direct SMC Global
NRI Trading Review ICICI Direct NRI Account Review SMC Global NRI Account Review
Enquire ICICI Direct Enquire SMC Global
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