SMC Global Vs Trustline NRI Account Comparison

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

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

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

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SMC Global Vs Trustline

  SMC Global Trustline
 
SMC Global Limited Logo Trustline 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type 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 Trustline. Leave your contact info and we will get in touch with you.
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SMC Global Vs Trustline Charges

  SMC Global Trustline
NRI Account Opening Fees ₹1000 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees ₹499 Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Trustline
Account Type NRI Account
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.05% 0.30 (30 paise)
Equity Options ₹75 per lot ₹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%
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SMC Global Vs Trustline NRI Account Taxes/Fees

  SMC Global Trustline
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 Trustline NRI Account Exposure Margin

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

  SMC Global Trustline
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 Trustline NRI Account Review

  SMC Global Trustline
  15 Customer Reviews    Rate SMC Global 1 Customer Reviews    Rate Trustline
Fees 3.9 4.0
Brokerage 3.2 3.0
Trading Platform 3.9 4.0
Customer Service 3.7 4.0
Overall Rating Rated 3.7 stars Rated 4.0 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

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

  SMC Global Trustline
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 Trustline NRI Customer Service

  SMC Global Trustline
Customer Care Number +91-11-25754371, 91- 9650988009 (0120) 4613-888
Customer Care Email nridesk@smcindiaonline.com helpdesk@trustline.in
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SMC Global Vs Trustline Order Type Offered for NRI Account

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

  SMC Global Trustline
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 web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI 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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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SMC Global Vs Trustline - More Reviews

  SMC Global Trustline
NRI Trading Review SMC Global NRI Account Review Trustline NRI Account Review
Enquire SMC Global Enquire Trustline
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