IIFL Vs SMC Global (Compare IIFL and SMC Global)
The side-by-side comparison of IIFL and SMC Global. Compare IIFL Vs SMC Global brokerage, charges, exposure margin, demat account. Read SMC Global and IIFL review.
Find out IIFL Vs SMC Global which is better and IIFL Vs SMC Global which is best.
Our IIFL Securities Limited comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between IIFL and SMC Global.
IIFL Vs SMC Global
IIFL
SMC Global
Find more info about broker
About the Broker
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
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...
Type of Broker
Full Service Broker
Full Service Broker
Supported Exchnage
NSE, BSE, MCX
NSE, BSE, MCX, NCDEX
Account Type
Standard Account
Broker Enquiry
Year of Incorporation
1996
1994
Number of Branches
900
2450
Enquire IIFL
Enquire SMC Global
IIFL Vs SMC Global Charges
IIFL
SMC Global
Trading Account Opening Fees
₹750
Nil
Trading Account AMC
₹0
Nil
Demat Account Opening Fees
₹555
₹499
Demat Account AMC
₹ 400 (One time)
₹300
Demat Account is Mandatory?
No
No
IIFL Vs SMC Global Brokerage
Brokerage Plan 1
IIFL
SMC Global
Account Type
Standard Account
Fixed Charges
Equity Delivery Brokerage
0.50%
0.3%
Equity Intraday Brokerage
0.05%
0.03%
Equity Futures Brokerage
0.05%
0.03%
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
₹70 per lot
Currency Futures Trading Brokerage
₹25 per lot
0.03%
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
₹20 per lot
Commodity Futures Trading Brokerage
0.05%
0.03%
Commodity Options Trading Brokerage
0.03%
Special Offer
Other Charges
Minimum Brokerage Charges
₹0.05 per share
Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges
Advisory SMS - ₹50 per month
Call & Trade Charges
₹50 per call
IIFL Vs SMC Global Taxes
IIFL
SMC Global
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)
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.
IIFL Vs SMC Global Transaction Charges
IIFL
SMC Global
Equity Delivery
0.00325%
0.0035%
Equity Intraday
0.00325%
0.0035%
Equity Futures
0.0021%
0.0029%
Equity Options
0.051% on premium
0.065% (on premium)
Currency Futures
0.0021%
0.0029%
Currency Options
0.051% on premium
0.065% (on premium)
Commodity
0.0028%
0.0030%
IIFL Vs SMC Global Exposure Margin
IIFL
SMC Global
Equity Delivery
Upto 3x with 18% interest per year
Upto 3x
Equity Intraday
Upto 20x
Upto 10x Intraday
Equity Futures
Upto 3x
Upto 2x
Equity Options
3x for shorting
NA
Currency Futures
Upto 2x
NA
Currency Options
2x for shorting
NA
Commodity Futures
Upto 3x
Upto 2x
Commodity Options
IIFL and SMC Global Feature Comparison
IIFL
SMC Global
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
TT Exe, TT Web, IIFL Markets
SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time
Other Features
Market Mantra, Loyalty Points
Referral Program
IIFL Vs SMC Global Review
IIFL
SMC Global
108 Customer Reviews
14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
IIFL is Rated 2.7 / 5 based on 108 customer reviews SMC Global is Rated 3.9 / 5 based on 14 customer reviews
IIFL Vs SMC Global Investment Options
IIFL
SMC Global
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
IIFL Vs SMC Global Customer Service
IIFL
SMC Global
24/7 Customer Service
Onine Live Chat
Through Branches
IIFL Vs SMC Global Order Type Offered
IIFL
SMC Global
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Vs SMC Global Research Report
IIFL
SMC Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
IIFL Vs SMC Global Suitable For Investor Type
IIFL
SMC Global
Casual Investor
Active Investor
Trader
IIFL Vs SMC Global - Advantages and Disadvantages
IIFL
SMC Global
Pros
4000+ branches in 900+ cities make them your neighborhood broker.
Being a full service broker, they offer wide range of financial products and services.
IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
India Infoline Ltd is a publicly traded company listed at BSE and NSE.
More Advantages...
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.
More Advantages...
Cons
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
Mobile trading on NSE is not available.
They don't offer 3 in 1 account.
There charge extra for their featured products.
More Disadvantages...
Reviews
Promo / Offers
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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