IDBI Capital Vs SMC Global (Compare IDBI Capital and SMC Global)

IDBI Capital Vs SMC Global

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 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.

	IDBI Capital	SMC Global
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, NSDL	NSE, BSE, MCX, NCDEX
Year of Incorporation	1993	1994
Number of Branches	14	2450
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IDBI Capital Vs SMC Global Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while SMC Global account opening changes is Nil. IDBI Capital Demat Account AMC Charges is Rs 450 and SMC Global Demat Account AMC Charges is Rs 300.

	IDBI Capital	SMC Global
Trading Account Opening Charges	Rs 500	Nil
Trading Account AMC Charges	NIL	Nil
Demat Account Opening Charges	NIL	Rs 499
Demat Account AMC Charges	Rs 450	Rs 300

IDBI Capital Vs SMC Global Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

	IDBI Capital	SMC Global
Account Type	Standard Plan
Fixed Charges
Equity Delivery	0.50%	0.3%
Equity Intraday	0.05%	0.03%
Equity Futures	0.05%	0.03%
Equity Options	Rs 100 per lot	Rs 70 per lot
Currency Futures	NA	0.03%
Currency Options	NA	Rs 20 per lot
Commodity Futures	NA	0.03%
Commodity Options	NA	0.03%
Special Offer

IDBI Capital Vs SMC Global Brokerage Plan 2

	IDBI Capital	SMC Global
Account Type	Ace Trader Plan
Fixed Charges
Equity Delivery	0.10% to 0.50%	0.3%
Equity Intraday	0.020% to 0.050%	0.03%
Equity Futures	0.020% to 0.048%	0.03%
Equity Options	Rs 100 per lot	Rs 70 per lot
Currency Futures		0.03%
Currency Options		Rs 20 per lot
Commodity Futures		0.03%
Commodity Options		0.03%
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IDBI Capital Charges Vs SMC Global

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower.	Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges
Call & Trade Charges	Nil

IDBI Capital Vs SMC Global Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while SMC Global exchange transaction charges for options is 0.065% (on premium).

	IDBI Capital	SMC Global
Equity Delivery	0.00325%	0.0035%
Equity Intraday	0.00325%	0.0035%
Equity Futures	0.0019%	0.0029%
Equity Options	0.051% on premium	0.065% (on premium)
Currency Futures	NA	0.0029%
Currency Options	NA	0.065% (on premium)
Commodity	NA	0.0030%
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IDBI Capital Vs SMC Global Leverage (Margin)

IDBI Capital 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.

	IDBI Capital	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 IDBI Capital and SMC Global Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

	IDBI Capital	SMC Global
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Power Pro, Power Streaming, IDBI Direct	SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time	3:00 PM
Other Features	Morning Report, Equity SIP, Investment Guide
Referral Program
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IDBI Capital Vs SMC Global Review

IDBI Capital is rated 2.7 of 5 based on 39 customer reviews whereas SMC Global is rated 3.7 of 5 based on 16 customer reviews.

	IDBI Capital	SMC Global
	39 Customer Reviews	16 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IDBI Capital is rated 2.7 of 5 based on 39 customer reviews	SMC Global is rated 3.7 of 5 based on 16 customer reviews

IDBI Capital Vs SMC Global Investment Options

	IDBI Capital	SMC Global
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance

IDBI Capital Vs SMC Global Order Type Offered

	IDBI Capital	SMC Global
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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IDBI Capital Vs SMC Global Research Report

	IDBI Capital	SMC Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IDBI Capital Vs SMC Global Suitable For Investor Type

	IDBI Capital	SMC Global
Casual Investor
Active Investor
Trader

IDBI Capital Vs SMC Global - Pros and Cons

	IDBI Capital	SMC Global
Pros	- Prepaid plans are available for volume traders.	They have 50+ branches for extensive reach. Call and trade facility is also available. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
Cons	- Additional charge of Rs 2000 per year for installable trading platform.	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.
Reviews
Promo / Offers
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