SMC Global Vs Zerodha NRI Account Comparison

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

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

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

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SMC Global Vs Zerodha

  SMC Global Zerodha
 
SMC Global Limited Logo Zerodha 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 Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha
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 Zerodha. Leave your contact info and we will get in touch with you.
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SMC Global Vs Zerodha Charges

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

Brokerage Plan

  SMC Global Zerodha
Account Type NRI Account NRI Account
Equity Delivery 0.50% 0.1% or max ₹200 per trade
Equity Futures 0.05% ₹100 per trade
Equity Options ₹75 per lot ₹100 per trade

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 Demat Account AMC: ₹300 yearly
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 Zerodha NRI Account Taxes/Fees

  SMC Global Zerodha
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 Zerodha NRI Account Exposure Margin

  SMC Global Zerodha
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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SMC Global and Zerodha NRI Account Feature Comparison

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

  SMC Global Zerodha
  15 Customer Reviews    Rate SMC Global 384 Customer Reviews    Rate Zerodha
Fees 3.9 3.8
Brokerage 3.2 4.3
Trading Platform 3.9 3.6
Customer Service 3.7 3.4
Overall Rating Rated 3.7 stars Rated 3.7 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Zerodha is Rated 3.7 / 5 based on 384 customer reviews
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Contact Broker / Request A Call Back

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

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

  SMC Global Zerodha
Customer Care Number +91-11-25754371, 91- 9650988009
Customer Care Email nridesk@smcindiaonline.com nridesk@zerodha.com
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SMC Global Vs Zerodha Order Type Offered for NRI Account

  SMC Global Zerodha
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 Zerodha - NRI Account Advantages and Disadvantages

  SMC Global Zerodha
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.
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, Axis Bank, and Yes Bank NRI Bank 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.
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
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.

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, Axis Bank, and Yes Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

Promo / Offers
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SMC Global Vs Zerodha - More Reviews

  SMC Global Zerodha
NRI Trading Review SMC Global NRI Account Review Zerodha NRI Account Review
Enquire SMC Global Enquire Zerodha
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