SMC Global Vs SBI Securities NRI Account Comparison
The side-by-side comparison of SMC Global and SBI Securities NRI Account. Compare SMC Global Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and SMC Global NRI Account reviews.
Find out SMC Global Vs SBI Securities which is better NRI Trading Account. See SMC Global Vs SBI Securities which is best NRI Demat Account.
Our SMC Global Limited comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best between SMC Global and SBI Securities NRI Account.
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...
State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist...
Account Type
NRI Account
NRI Account
Special Offer
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SMC Global Vs SBI Securities Charges
SMC Global
SBI Securities
NRI Account Opening Fees
₹1000
₹2500
NRI Account AMC
₹0
₹0
NRI Demat Account Opening Fees
Rs 499
Rs 0
NRI Demat Account AMC
Rs 300
Rs 350
PIS Account AMC
NA
₹900
RBI approval for PIS (One time)
₹500 + GST
₹500 + GST
SMC Global Vs SBI Securities NRI Account Brokerage Comparison
Account Type
SMC Global NRI Account
SBI Securities NRI Account
Equity Delivery
0.50%
0.75%
Equity Futures
0.05%
Equity Options
₹75 per lot
Other Charges
Contract Note Reporting Charges
NA
₹0
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%
SMC Global Vs SBI Securities NRI Account Taxes/Fees
SMC Global
SBI 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)
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.
SMC Global Vs SBI Securities NRI Account Margin
SMC Global Margin
SBI 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.
SMC Global and SBI Securities NRI Account Features
SMC Global
SBI Securities
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
SMC Global Vs SBI Securities NRI Account Review
SMC Global Review
SBI Securities Review
33 Customer Reviews
154 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
SMC Global is Rated 3.8 / 5 based on 33 customer reviews
SBI Securities is Rated 2.5 / 5 based on 154 customer reviews
Contact Broker / Request A Call Back
SMC Global Enquire
SBI Securities Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SMC Global Vs SBI Securities NRI Investment Options
SMC Global
SBI Securities
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Debt Funds, Bonds, ETF, Insurance
Derivatives, FD
SMC Global Vs SBI Securities NRI Customer Service
SMC Global
SBI Securities
Customer Care Number
+91-11-25754371, 91- 9650988009
+91 22 6153 6900
Customer Care Email
nridesk@smcindiaonline.com
nri@sbicapsec.com
SMC Global Vs SBI Securities Order Type Offered for NRI Account
SMC Global
SBI Securities
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
SMC Global Vs SBI Securities - NRI Account Advantages and Disadvantages
SMC Global
SBI 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.
The largest bank in India with the highest number of branches.
Offer 3 in 1 account for convenient online trading
Free expert recommendations on trading & investments
Assistance from Relationship Managers
SBI securities NRI opening fees are lowest among full-service brokers.
Mutual fund services are available to NRIs who don't have a trading account.
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.
Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
Doesn't offer Good-till canceled (GTC) order.
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.
SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.
Promo / Offers
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds