IIFL Securities Vs SMC Global (Compare IIFL Securities and SMC Global)

IIFL Securities Vs SMC Global

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 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.

	IIFL Securities	SMC Global
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX	NSE, BSE, MCX, NCDEX
Year of Incorporation	1996	1994
Number of Branches	900	2450
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IIFL Securities Vs SMC Global Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while SMC Global account opening changes is Nil. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and SMC Global Demat Account AMC Charges is Rs 300.

	IIFL Securities	SMC Global
Trading Account Opening Charges	Rs 0 (Free)	Nil
Trading Account AMC Charges	Rs 0	Nil
Demat Account Opening Charges	Rs 0	Rs 499
Demat Account AMC Charges	Rs 250 (Free for 1st year)	Rs 300

IIFL Securities Vs SMC Global Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

	IIFL Securities	SMC Global
Account Type	iServe
Fixed Charges	NA
Equity Delivery	Rs 0 (Free)	0.3%
Equity Intraday	Rs 20 per order	0.03%
Equity Futures	Rs 20 per order	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: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Charges Vs SMC Global

Minimum Brokerage		Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges	Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 50 per call

IIFL Securities Vs SMC Global Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while SMC Global exchange transaction charges for options is 0.065% (on premium).

	IIFL Securities	SMC Global
Equity Delivery	Rs 325 per Cr (0.00325%)	0.0035%
Equity Intraday	Rs 325 per Cr (0.00325%)	0.0035%
Equity Futures	Rs 210 per Cr (0.0021%)	0.0029%
Equity Options	Rs 5100 per Cr (0.051%) (on premium)	0.065% (on premium)
Currency Futures	Rs 210 per Cr (0.0021%)	0.0029%
Currency Options	Rs 5100 per Cr (0.051%) (on premium)	0.065% (on premium)
Commodity	Group A - Rs 280 per Cr (0.0028%)	0.0030%
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IIFL Securities Vs SMC Global Leverage (Margin)

IIFL Securities 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.

	IIFL Securities	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 IIFL Securities and SMC Global Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

	IIFL Securities	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	IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App	SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time
Other Features
Referral Program
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IIFL Securities Vs SMC Global Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas SMC Global is rated 4.1 of 5 based on 29 customer reviews.

	IIFL Securities	SMC Global
	118 Customer Reviews	29 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews	SMC Global is rated 4.1 of 5 based on 29 customer reviews

IIFL Securities Vs SMC Global Investment Options

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

IIFL Securities Vs SMC Global Order Type Offered

	IIFL Securities	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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IIFL Securities Vs SMC Global Research Report

	IIFL Securities	SMC Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IIFL Securities Vs SMC Global Suitable For Investor Type

	IIFL Securities	SMC Global
Casual Investor
Active Investor
Trader

IIFL Securities Vs SMC Global - Pros and Cons

	IIFL Securities	SMC Global
Pros	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities is a publicly-traded company listed at BSE and NSE.	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		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	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.
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