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SMC Global Vs IIFL NRI Account Comparison

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

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

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

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SMC Global Vs IIFL

  SMC Global IIFL
 
SMC Global Limited Logo IIFL Securities Limited 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 Limited
Account Type NRI Account 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 IIFL. Leave your contact info and we will get in touch with you.
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SMC Global Vs IIFL Charges

  SMC Global IIFL
NRI Account Opening Fees ₹1000 ₹750
NRI Account AMC ₹0 ₹400 + GST
NRI Demat Account Opening Fees ₹499 ₹555
NRI Demat Account AMC ₹300 ₹ 400 (One time)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs IIFL NRI Account Brokerage Comparison

Brokerage Plan

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

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 NRI Account Taxes/Fees

  SMC Global IIFL
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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SMC Global Vs IIFL NRI Account Exposure Margin

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

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

  SMC Global IIFL
  14 Customer Reviews    Rate SMC Global 108 Customer Reviews    Rate IIFL
Fees 3.9 2.9
Brokerage 3.4 2.6
Trading Platform 3.9 3.3
Customer Service 3.8 2.7
Overall Rating Rated 3.9 stars Rated 2.7 stars
Broker Rating SMC Global is Rated 3.9 / 5 based on 14 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
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Contact Broker / Request A Call Back

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

  SMC Global IIFL
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 NRI Customer Service

  SMC Global IIFL
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 4007 1000
Customer Care Email nridesk@smcindiaonline.com cs@indiainfoline.com
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SMC Global Vs IIFL Order Type Offered for NRI Account

  SMC Global IIFL
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 - NRI Account Advantages and Disadvantages

  SMC Global IIFL
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.

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SMC Global Vs IIFL - More Reviews

  SMC Global IIFL
NRI Trading Review SMC Global NRI Account Review IIFL NRI Account Review
Enquire SMC Global Enquire IIFL
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