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SMC Global Vs IIFL Securities NRI Account Comparison

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

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

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

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SMC Global Vs IIFL Securities

  SMC Global IIFL Securities
 
  SMC Global Limited Logo IIFL 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Account NRI Account
Enquire SMC GlobalOpen IIFL Securities Account

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SMC Global Vs IIFL Securities Charges

  SMC Global IIFL Securities
NRI Account Opening Fees ₹1000 ₹750
NRI Account AMC ₹0 ₹400 + GST
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalOpen IIFL Securities Account

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SMC Global Vs IIFL Securities NRI Account Brokerage Comparison

Account Type SMC Global NRI Account IIFL Securities NRI Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot
Enquire SMC GlobalOpen IIFL Securities Account

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 IIFL Securities NRI Account Taxes/Fees

  SMC Global IIFL Securities
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 IIFL Securities NRI Account Margin

  SMC Global Margin IIFL Securities 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 IIFL Securities NRI Account Features

  SMC Global IIFL Securities
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire SMC GlobalOpen IIFL Securities Account

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SMC Global Vs IIFL Securities NRI Account Review

  SMC Global Review IIFL Securities Review
  30 Customer Reviews    Rate SMC Global 120 Customer Reviews    Rate IIFL Securities
Fees 3.8 2.8
Brokerage 3.7 2.6
Trading Platform 3.9 3.2
Customer Service 4.0 2.7
Overall Rating Rated 4.0 stars Rated 2.7 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews IIFL Securities is Rated 2.7 / 5 based on 120 customer reviews
Enquire SMC GlobalOpen IIFL Securities Account

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Contact Broker / Request A Call Back

  SMC Global Enquire IIFL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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SMC Global Vs IIFL Securities NRI Investment Options

  SMC Global IIFL Securities
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 IIFL Securities NRI Customer Service

  SMC Global IIFL Securities
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 4007 1000
Customer Care Email nridesk@smcindiaonline.com cs@iifl.com
Enquire SMC GlobalOpen IIFL Securities Account

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SMC Global Vs IIFL Securities Order Type Offered for NRI Account

  SMC Global IIFL Securities
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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SMC Global Vs IIFL Securities - NRI Account Advantages and Disadvantages

  SMC Global IIFL Securities
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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Enquire SMC GlobalOpen IIFL Securities Account

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