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


ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


SMC Global
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 offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global Limited

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ICICI Direct Vs SMC Global

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 branches across India.

  ICICI Direct SMC Global
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE NSE, BSE, MCX, NCDEX
Year of Incorporation 2000 1994
Number of Branches 154 2450
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ICICI Direct Vs SMC Global Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while SMC Global account opening changes is Nil. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and SMC Global Demat Account AMC Charges is Rs 300.

  ICICI Direct SMC Global
Trading Account Opening Charges Rs 0 (Free) Nil
Trading Account AMC Charges Rs 0 (Free) Nil
Demat Account Opening Charges Rs 0 (Free) Rs 499
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 300
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ICICI Direct Vs SMC Global Brokerage Charges & Plans

ICICI Direct Vs SMC Global Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

  ICICI Direct SMC Global
Account Type ICICI Neo Plan
Fixed Charges NA
Equity Delivery 0.55% 0.3%
Equity Intraday Rs 20 per order 0.03%
Equity Futures Rs 0 (Free) 0.03%
Equity Options Rs 20 per order Rs 70 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 20 per lot
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
Special Offer
Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Vs SMC Global Brokerage Plan 2

  ICICI Direct SMC Global
Account Type I-Secure Plan
Fixed Charges NA
Equity Delivery 0.55% 0.3%
Equity Intraday 0.275% 0.03%
Equity Futures 0.05% 0.03%
Equity Options Rs 95 per lot Rs 70 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 20 per lot
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order 0.03%
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ICICI Direct Charges Vs SMC Global

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade
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ICICI Direct Vs SMC Global Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while SMC Global exchange transaction charges for options is 0.065% (on premium).

  ICICI Direct SMC Global
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.0035%
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.0035%
Equity Futures Rs 180 per Cr (0.0018%) 0.0029%
Equity Options Rs 5000 per Cr (0.05%) (on premium) 0.065% (on premium)
Currency Futures Rs 120 per Cr (0.0012%) 0.0029%
Currency Options Rs 5000 per Cr (0.05%) (on premium) 0.065% (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) 0.0030%
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ICICI Direct Vs SMC Global Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the SMC Global margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  ICICI Direct SMC Global
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and SMC Global Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

  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 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 is rated 2.4 of 5 based on 449 customer reviews whereas SMC Global is rated 4.1 of 5 based on 29 customer reviews.

  ICICI Direct SMC Global
  449 Customer Reviews    Rate ICICI Direct 29 Customer Reviews    Rate SMC Global
Fees 2.2 3.9
Brokerage 1.7 3.8
Trading Platform 3.3 4.0
Customer Service 2.7 4.1
Research Capabilities 2.9 4.3
Overall Ratings Rated 2.4 stars Rated 4.1 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews SMC Global is rated 4.1 of 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire SMC Global Enquire
Contact Broker ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now 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 Yes Yes
Currency Yes Yes
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 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 - Pros and Cons

  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.
  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.
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.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  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.
Reviews
Promo / Offers

ICICIDirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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