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India Infoline (IIFL) Vs SMC Global (Compare India Infoline (IIFL) and SMC Global)

The side-by-side comparison of India Infoline (IIFL) and SMC Global. Compare India Infoline (IIFL) Vs SMC Global brokerage, charges, exposure margin, demat account. Read SMC Global and India Infoline (IIFL) review.

Find out India Infoline (IIFL) Vs SMC Global which is better and India Infoline (IIFL) Vs SMC Global which is best.

Our India Infoline Limited comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between India Infoline (IIFL) and SMC Global.

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India Infoline (IIFL) Vs SMC Global

  India Infoline Limited SMC Global Limited
 
India Infoline Limited Logo SMC Global Limited Logo
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... Know more about India Infoline Limited 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 NSE, BSE, MCX NSE, BSE, MCX, NCDEX
Account Type Standard Account
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). 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.
Year of Incorporation
Number of Branches
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India Infoline (IIFL) Vs SMC Global Charges

  India Infoline Limited SMC Global Limited
Trading Account Opening Fees ₹750 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹555 Rs 499
Demat Account AMC ₹ 555 (One time) Rs 300
Demat Account is Mandatory? No No
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India Infoline (IIFL) Vs SMC Global Brokerage

Brokerage Plan 1

  India Infoline Limited SMC Global Limited
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 Rs.70 per lot
Currency Futures Trading Brokerage Rs 25 per lot 0.03%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high Rs.20 per lot
Commodity Futures Trading Brokerage 0.05% 0.03%
Commodity Options Trading Brokerage 0.03%

Other Charges

Minimum Brokerage Charges Rs 0.05 per share Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call
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India Infoline (IIFL) Vs SMC Global Taxes

  India Infoline Limited 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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India Infoline (IIFL) Vs SMC Global Transaction Charges

  India Infoline Limited SMC Global Limited
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%
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India Infoline (IIFL) Vs SMC Global Exposure Margin

  India Infoline Limited SMC Global Limited
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 Upto 3x Upto 2x
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India Infoline (IIFL) and SMC Global Feature Comparison

  India Infoline Limited SMC Global Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes Yes
Online Demo Yes
Online Portfolio Yes Yes
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
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India Infoline (IIFL) Vs SMC Global Review

  India Infoline Limited SMC Global Limited
  103 Customer Reviews    Rate India Infoline (IIFL) 13 Customer Reviews    Rate SMC Global
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.7 3.3
Trading Platform Usability 3.3 3.9
Customer Service Ratings 2.7 3.8
Overall Ratings Rated 2.7 stars Rated 3.8 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews SMC Global is Rated 3.8 / 5 based on 13 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited SMC Global Limited
Contact / Request Call Back
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India Infoline (IIFL) Vs SMC Global Investment Options

  India Infoline Limited SMC Global Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options Insurance
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India Infoline (IIFL) Vs SMC Global Customer Service

  India Infoline Limited SMC Global Limited
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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India Infoline (IIFL) Vs SMC Global Order Type Offered

  India Infoline Limited SMC Global Limited
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No
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India Infoline (IIFL) Vs SMC Global Research Report

  India Infoline Limited 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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India Infoline (IIFL) Vs SMC Global Suitable For Investor Type

  India Infoline Limited SMC Global Limited
Casual Investor Yes
Active Investor
Trader
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India Infoline (IIFL) Vs SMC Global - Advantages and Disadvantages

  India Infoline Limited SMC Global Limited
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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 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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