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ICICI Direct Vs SMC Global (Compare ICICI Direct and SMC Global)

The side-by-side comparison of ICICI Direct and SMC Global. Compare ICICI Direct Vs SMC Global brokerage, charges, exposure margin, demat account. Read SMC Global and ICICI Direct review.

Find out ICICI Direct Vs SMC Global which is better and ICICI Direct Vs SMC Global which is best.

Our ICICI Securities Pvt Ltd. comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between ICICI Direct and SMC Global.

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ICICI Direct Vs SMC Global

  ICICI Direct SMC Global
Find more info about broker
ICICI Securities Pvt Ltd. Logo SMC Global Limited Logo
About the Broker ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Grou... Know more about ICICI Securities Pvt Ltd. Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through office... Know more about SMC Global Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE NSE, BSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan)
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 1994
Number of Branches 154 2450
Enquire ICICI Direct Enquire SMC Global
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ICICI Direct Vs SMC Global Charges

  ICICI Direct SMC Global
Trading Account Opening Fees ₹975 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 ₹499
Demat Account AMC ₹700 ₹300
Demat Account is Mandatory? No No
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ICICI Direct Vs SMC Global Brokerage

Brokerage Plan 1

  ICICI Direct SMC Global
Account Type 3-in-1 Account (I-Secure Plan)
Fixed Charges
Equity Delivery Brokerage 0.55% 0.3%
Equity Intraday Brokerage 0.275% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹35 per lot ₹70 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA 0.03%
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

Brokerage Plan 2

  ICICI Direct SMC Global
Account Type I-Saver Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.3%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot ₹70 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA 0.03%

Brokerage Plan 3

  ICICI Direct SMC Global
Account Type ICICIdirect Prime Plan
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% 0.3%
Equity Intraday Brokerage 0.25% 0.03%
Equity Futures Brokerage 0.025% 0.03%
Equity Options Brokerage ₹35 ₹70 per lot
Currency Futures Trading Brokerage ₹0 0.03%
Currency Options Trading Brokerage ₹0 ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA 0.03%

Other Charges

Minimum Brokerage Charges ₹35 per trade Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month
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ICICI Direct Vs SMC Global Taxes

  ICICI Direct SMC Global
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICI Direct Vs SMC Global Transaction Charges

  ICICI Direct SMC Global
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.0035%
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.0035%
Equity Futures ₹180 per Cr (0.0018%) 0.0029%
Equity Options ₹5000 per Cr (0.05%) (on premium) 0.065% (on premium)
Currency Futures ₹120 per Cr (0.0012%) 0.0029%
Currency Options ₹5000 per Cr (0.05%) (on premium) 0.065% (on premium)
Commodity NA 0.0030%
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ICICI Direct Vs SMC Global Exposure Margin

  ICICI Direct SMC Global
Equity Delivery 5x with Interest Upto 3x
Equity Intraday Upto 25x Upto 10x Intraday
Equity Futures 4x Upto 2x
Equity Options 2x for shorting NA
Currency Futures NA NA
Currency Options NA NA
Commodity Futures NA Upto 2x
Commodity Options
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ICICI Direct and SMC Global Feature Comparison

  ICICI Direct SMC Global
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs SMC Global Review

  ICICI Direct SMC Global
  411 Customer Reviews    Rate ICICI Direct 14 Customer Reviews    Rate SMC Global
Fees 2.3 3.9
Trading Brokerage 1.7 3.4
Trading Platform Usability 3.4 3.9
Customer Service 2.8 3.8
Research Capabilities 4.3
Overall Ratings Rated 2.4 stars Rated 3.9 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 411 customer reviews SMC Global is Rated 3.9 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire SMC Global Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs SMC Global Investment Options

  ICICI Direct SMC Global
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance
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ICICI Direct Vs SMC Global Customer Service

  ICICI Direct SMC Global
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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ICICI Direct Vs SMC Global Order Type Offered

  ICICI Direct SMC Global
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICI Direct Vs SMC Global Research Report

  ICICI Direct SMC Global
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs SMC Global Suitable For Investor Type

  ICICI Direct SMC Global
Casual Investor Yes
Active Investor
Trader
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ICICI Direct Vs SMC Global - Advantages and Disadvantages

  ICICI Direct SMC Global
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.

More Advantages...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.

More Disadvantages...

  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.

More Disadvantages...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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