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.
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...
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...
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 Zerodha NRI Account Margin
SMC Global Margin
Zerodha 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.
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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 online with Zerodha and start trading today.
SMC Global Vs Zerodha Order Type Offered for NRI Account
SMC Global
Zerodha
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
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.
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.
India's largest stock broker in terms of active customers.
Offers access to best-in-industry trading software and tools.
Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis 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.
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.
Doesn't offer Mutual Funds to NRI customers.
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, IndusInd Bank, IDFC FIRST Bank and Axis 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
Free Equity Delivery Trading and Mutual Funds
Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
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