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


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd


SMC Global
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 offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global Limited

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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
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IIFL Securities Vs SMC Global Brokerage Charges & Plans

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
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
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    Rate IIFL Securities 29 Customer Reviews    Rate SMC Global
Fees 2.8 3.9
Brokerage 2.6 3.8
Trading Platform 3.2 4.0
Customer Service 2.7 4.1
Research Capabilities 3.3 4.3
Overall Ratings Rated 2.7 stars Rated 4.1 stars
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
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Contact Broker / Request A Call Back

  IIFL Securities Enquire SMC Global Enquire
Contact Broker 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. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs SMC Global Investment Options

  IIFL Securities SMC Global
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance Insurance
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IIFL Securities Vs SMC Global Order Type Offered

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

  IIFL Securities SMC Global
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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IIFL Securities Vs SMC Global Suitable For Investor Type

  IIFL Securities SMC Global
Casual Investor
Active Investor Yes
Trader Yes
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IIFL Securities Vs SMC Global - Pros and Cons

  IIFL Securities SMC Global
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  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.
Cons
  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.
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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