SMC Global Vs IDBI Capital NRI Account Comparison

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

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

Our SMC Global Limited comparison with IDBI Capital Markets and Securities Ltd highlights the major differences between two brokers. Find the best between SMC Global and IDBI Capital NRI Account.

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SMC Global Vs IDBI Capital

  SMC Global IDBI Capital
 
SMC Global Limited Logo IDBI Capital Markets and Securities 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 IDBI Bank, a leading private bank in India, offers a wide range of investment options to NRIs through a 3-in-1 account. IDBI Bank offers banking, loans, capital market, PMS, etc. services to NRIs. With the IDBI Bank PIS account, NRIs can buy/sell sha... Know more about IDBI Capital Markets and Securities Ltd
Account Type NRI Account NRI Trading
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 IDBI Capital. Leave your contact info and we will get in touch with you.
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SMC Global Vs IDBI Capital Charges

  SMC Global IDBI Capital
NRI Account Opening Fees ₹1000 ₹1500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹499 NIL
NRI Demat Account AMC ₹300 ₹450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs IDBI Capital NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global IDBI Capital
Account Type NRI Account NRI Trading
Equity Delivery 0.50% 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 Processing Charge: ₹75 per transaction
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 IDBI Capital NRI Account Taxes/Fees

  SMC Global IDBI Capital
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 IDBI Capital NRI Account Exposure Margin

  SMC Global IDBI Capital
Equity Delivery
Equity Futures
Equity Options
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SMC Global and IDBI Capital NRI Account Feature Comparison

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

  SMC Global IDBI Capital
  15 Customer Reviews    Rate SMC Global 37 Customer Reviews    Rate IDBI Capital
Fees 3.9 3.2
Brokerage 3.2 2.6
Trading Platform 3.9 2.6
Customer Service 3.7 2.9
Overall Rating Rated 3.7 stars Rated 2.8 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews
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Contact Broker / Request A Call Back

  SMC Global IDBI Capital
Contact Broker
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SMC Global Vs IDBI Capital NRI Investment Options

  SMC Global IDBI Capital
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 IDBI Capital NRI Customer Service

  SMC Global IDBI Capital
Customer Care Number +91-11-25754371, 91- 9650988009 1800-22-3366, 022-3913 5001
Customer Care Email nridesk@smcindiaonline.com custcare@idbidirect.in
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SMC Global Vs IDBI Capital Order Type Offered for NRI Account

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

  SMC Global IDBI Capital
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 3-in-1 accounts which makes the trading experience fast and smooth.
  • Provides research and recommendation tips.
  • Offers instant online account opening facility.
  • Works as a custodial to settle equity derivatives trades for NRIs.
  • Offers in-house mutual funds under different segments.
  • After Market Order (AMO) facility.
  • Equity SIP is available.
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.
  • Brokerage charges are comparatively higher than discount brokers.
  • Online trading is not available to USA and Canada based NRIs.
  • Offers comparatively lower interest rates on NRI savings bank 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.

IDBI is a full-service broker offering a range of investment options to NRIs. IDBI NRI 3-in-1 Account makes stock market investment simple and hassle-free. NRIs also get RM assistance and investment advice from experts. It has a network across 40+ countries to offer NRI services. The broker also works as a custodian for trade clearance and settlement which reduces the extra cost for NRIs. IDBI is recommended for NRIs who are a casual investor and prefer convenience over the trading costs.

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SMC Global Vs IDBI Capital - More Reviews

  SMC Global IDBI Capital
NRI Trading Review SMC Global NRI Account Review IDBI Capital NRI Account Review
Enquire SMC Global Enquire IDBI Capital
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