SMC Global Vs Choice Broking NRI Account Comparison

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

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

Our SMC Global Limited comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between SMC Global and Choice Broking NRI Account.

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SMC Global Vs Choice Broking

  SMC Global Choice Broking
 
SMC Global Limited Logo Choice Equity Broking Private 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 Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... Know more about Choice Equity Broking Private Limited
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 Choice Broking. Leave your contact info and we will get in touch with you.
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SMC Global Vs Choice Broking Charges

  SMC Global Choice Broking
NRI Account Opening Fees ₹1000 ₹0
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 200 or as per plan. (1st year AMC free)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Choice Broking NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Choice Broking
Account Type NRI Account NRI Trading
Equity Delivery 0.50% 0.50%
Equity Futures 0.05% 0.03%
Equity Options ₹75 per lot ₹100 per lot

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 Demat Account AMC - ₹200 per year
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 Choice Broking NRI Account Taxes/Fees

  SMC Global Choice Broking
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 Choice Broking NRI Account Exposure Margin

  SMC Global Choice Broking
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 Choice Broking NRI Account Feature Comparison

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

  SMC Global Choice Broking
  16 Customer Reviews    Rate SMC Global 6 Customer Reviews    Rate Choice Broking
Fees 3.8 4.3
Brokerage 3.2 4.2
Trading Platform 3.8 4.3
Customer Service 3.6 3.8
Overall Rating Rated 3.7 stars Rated 4.0 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 16 customer reviews Choice Broking is Rated 4.0 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Choice Broking
Contact Broker
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SMC Global Vs Choice Broking NRI Investment Options

  SMC Global Choice Broking
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance
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SMC Global Vs Choice Broking NRI Customer Service

  SMC Global Choice Broking
Customer Care Number +91-11-25754371, 91- 9650988009 022-67079903, 9819545987
Customer Care Email nridesk@smcindiaonline.com nri@choiceindia.com
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SMC Global Vs Choice Broking Order Type Offered for NRI Account

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

  SMC Global Choice Broking
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.
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
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.
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
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.

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

Promo / Offers
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SMC Global Vs Choice Broking - More Reviews

  SMC Global Choice Broking
NRI Trading Review SMC Global NRI Account Review Choice Broking NRI Account Review
Enquire SMC Global Enquire Choice Broking
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