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ICICIDirect Vs SMC Global Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and SMC Global Limited stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and SMC Global's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and SMC Global.

  ICICI Securities Pvt Ltd. SMC Global Limited
 
ICICI Securities Pvt Ltd. Logo SMC Global Limited Logo
About the Broker ICICIdirect 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 Group... 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 ICICIDirect. 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.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. SMC Global Limited
Trading Account Opening Fees ₹975 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Rs 499
Demat Account AMC ₹450 Rs 300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. SMC Global Limited
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 Rs.70 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot Rs.20 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA 0.03%

Brokerage Plan 2

  ICICI Securities Pvt Ltd. SMC Global Limited
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 Rs.70 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage ₹95 to ₹65 per lot Rs.20 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage 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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Taxes

  ICICI Securities Pvt Ltd. SMC Global Limited
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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. SMC Global Limited
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.0035%
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.0035%
Equity Futures 0.0018% 0.0029%
Equity Options 0.05% on Premium 0.065% (on premium)
Currency Futures 0.0012% 0.0029%
Currency Options 0.05% on Premium 0.065% (on premium)
Commodity NA 0.0030%
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Exposure

  ICICI Securities Pvt Ltd. SMC Global Limited
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 NA Upto 2x
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Share Broker Features

  ICICI Securities Pvt Ltd. SMC Global Limited
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
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. SMC Global Limited
  400 Customer Reviews    Rate ICICIDirect 13 Customer Reviews    Rate SMC Global
Fees Ratings 2.3 3.8
Trading Brokerage Rating 1.7 3.3
Trading Platform Usability 3.4 3.9
Customer Service Ratings 2.8 3.8
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews SMC Global is Rated 3.8 / 5 based on 13 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. SMC Global Limited
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. SMC Global Limited
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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Customer Service Offered

  ICICI Securities Pvt Ltd. SMC Global Limited
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  ICICI Securities Pvt Ltd. SMC Global Limited
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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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. SMC Global Limited
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. SMC Global Limited
Casual Investor Yes
Active Investor
Trader

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. SMC Global Limited
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 brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 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.

Enquire about ICICIDirect Enquire about SMC Global
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