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.
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
IIFL Vs SMC Global Charges
IIFL
SMC Global
Trading Account Opening Fees
₹750
Nil
Trading Account AMC
₹0
Nil
Demat Account Opening Fees
₹555
Rs 499
Demat Account AMC
₹ 400 (One time)
Rs 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
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
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.
Zerodha
Zero Account Opening Fee