Religare Vs SMC Global (Compare Religare and SMC Global)

Religare Vs SMC Global

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 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.

	Religare	SMC Global
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	NSE, BSE, MCX, NCDEX
Year of Incorporation	1994	1994
Number of Branches	1500	2450
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Religare Vs SMC Global Charges & AMC

Religare trading account opening charges is Rs 500 while SMC Global account opening changes is Nil. Religare Demat Account AMC Charges is Rs 400 from second year onward and SMC Global Demat Account AMC Charges is Rs 300.

	Religare	SMC Global
Trading Account Opening Charges	Rs 500	Nil
Trading Account AMC Charges	Nil	Nil
Demat Account Opening Charges	Nil	Rs 499
Demat Account AMC Charges	Rs 400 from second year onward	Rs 300

Religare Vs SMC Global Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

	Religare	SMC Global
Account Type	My Saver Online Plan
Fixed Charges
Equity Delivery	0.50% to 0.10%	0.3%
Equity Intraday	0.050% to 0.010%	0.03%
Equity Futures	0.05%	0.03%
Equity Options	Rs 70 per lot	Rs 70 per lot
Currency Futures	0.05%	0.03%
Currency Options	Rs 30 per lot	Rs 20 per lot
Commodity Futures	0.05%	0.03%
Commodity Options	Rs 30 per lot	0.03%
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs SMC Global

Minimum Brokerage	1p per share	Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges
Call & Trade Charges	Rs 10 per executed order (max Rs 50 per day)

Religare Vs SMC Global Transaction Charges

Religare transaction charges for options is 0.06% on Premium while SMC Global exchange transaction charges for options is 0.065% (on premium).

	Religare	SMC Global
Equity Delivery	0.0037%	0.0035%
Equity Intraday	0.0037%	0.0035%
Equity Futures	0.004%	0.0029%
Equity Options	0.06% on Premium	0.065% (on premium)
Currency Futures	0.004%	0.0029%
Currency Options	0.06% on Premium	0.065% (on premium)
Commodity	0.0035%	0.0030%
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Religare Vs SMC Global Leverage (Margin)

Religare 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.

	Religare	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 Religare and SMC Global Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

	Religare	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	Odin Diet, Web, Dynami	SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time
Other Features	Mutual Fund, EMI Calculator
Referral Program
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Religare Vs SMC Global Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas SMC Global is rated 4.1 of 5 based on 29 customer reviews.

	Religare	SMC Global
	77 Customer Reviews	29 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Religare is rated 2.9 of 5 based on 77 customer reviews	SMC Global is rated 4.1 of 5 based on 29 customer reviews

Religare Vs SMC Global Investment Options

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

Religare Vs SMC Global Order Type Offered

	Religare	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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Religare Vs SMC Global Research Report

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

Religare Vs SMC Global Suitable For Investor Type

	Religare	SMC Global
Casual Investor
Active Investor
Trader

Religare Vs SMC Global - Pros and Cons

	Religare	SMC Global
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	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	EXE Based trading terminal are available for Rs 999 per annum. Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).	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	Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year. This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.
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