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ICICIdirect Vs SMC Global NRI Account Comparison

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

Find out ICICIdirect Vs SMC Global which is better NRI Trading Account. See ICICIdirect 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 ICICIdirect and SMC Global NRI Account.

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ICICIdirect Vs SMC Global

  ICICIdirect 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
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ICICIdirect Vs SMC Global Charges

  ICICIdirect SMC Global
NRI Account Opening Fees ₹4000 ₹1000
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 499
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open ICICIdirect AccountEnquire SMC Global

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ICICIdirect Vs SMC Global NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account SMC Global 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
Open ICICIdirect AccountEnquire SMC Global

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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ICICIdirect Vs SMC Global NRI Account Taxes/Fees

  ICICIdirect 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 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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ICICIdirect Vs SMC Global NRI Account Margin

  ICICIdirect Margin SMC Global 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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ICICIdirect and SMC Global NRI Account Features

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

  ICICIdirect Review SMC Global Review
  460 Customer Reviews    Rate ICICIdirect 30 Customer Reviews    Rate SMC Global
Fees 2.2 3.8
Brokerage 1.7 3.7
Trading Platform 3.3 3.9
Customer Service 2.7 4.0
Overall Rating Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 460 customer reviews SMC Global is Rated 4.0 / 5 based on 30 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire SMC Global Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....
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ICICIdirect Vs SMC Global NRI Investment Options

  ICICIdirect 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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ICICIdirect Vs SMC Global NRI Customer Service

  ICICIdirect SMC Global
Customer Care Number +91-22-28307780 +91-11-25754371, 91- 9650988009
Customer Care Email nri@icicidirect.com nridesk@smcindiaonline.com
Open ICICIdirect AccountEnquire SMC Global

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ICICIdirect Vs SMC Global Order Type Offered for NRI Account

  ICICIdirect 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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ICICIdirect Vs SMC Global - NRI Account Advantages and Disadvantages

  ICICIdirect 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.

Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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