SMC Global Vs AxisDirect (Compare SMC Global and AxisDirect)


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


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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SMC Global Vs AxisDirect

Incorporated in 1994, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  SMC Global AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1994 2006
Number of Branches 2450 56
Open an Online Trading Account with SMC Global.Open an Online Trading Account with AxisDirect.
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SMC Global Vs AxisDirect Charges & AMC

SMC Global trading account opening charges is Nil while AxisDirect account opening changes is Rs 900. SMC Global Demat Account AMC Charges is Rs 300 and AxisDirect Demat Account AMC Charges is Rs 650.

  SMC Global AxisDirect
Trading Account Opening Charges Nil Rs 900
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Rs 499 Rs 0
Demat Account AMC Charges Rs 300 Rs 650
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SMC Global Vs AxisDirect Brokerage Charges & Plans

SMC Global Vs AxisDirect Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  SMC Global AxisDirect
Account Type Standard Brokerage Plan
Fixed Charges NA
Equity Delivery 0.3% 0.50%
Equity Intraday 0.03% 0.05%
Equity Futures 0.03% 0.05%
Equity Options Rs 70 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% 0.05%
Currency Options Rs 20 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures 0.03% 0.03%
Commodity Options 0.03% Rs 50 per lot
Special Offer

SMC Global Charges Vs AxisDirect

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower Rs 20 per trade
Other Charges
Call & Trade Charges Rs 20 per call
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SMC Global Vs AxisDirect Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  SMC Global AxisDirect
Equity Delivery 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.0029% NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options 0.065% (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures 0.0029% Rs 190 per Cr (0.0019%)
Currency Options 0.065% (on premium) Rs 5000 per Cr (0.05%) (on premium)
Commodity 0.0030%
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SMC Global Vs AxisDirect Leverage (Margin)

SMC Global margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the AxisDirect 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.

  SMC Global AxisDirect
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 SMC Global and AxisDirect Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  SMC Global AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading Yes No
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) Yes
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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SMC Global Vs AxisDirect Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  SMC Global AxisDirect
  29 Customer Reviews    Rate SMC Global 71 Customer Reviews    Rate AxisDirect
Fees 3.9 2.0
Brokerage 3.8 1.7
Trading Platform 4.0 2.6
Customer Service 4.1 2.2
Research Capabilities 4.3 2.9
Overall Ratings Rated 4.1 stars Rated 2.1 stars
Broker Rating SMC Global is rated 4.1 of 5 based on 29 customer reviews AxisDirect is rated 2.1 of 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire AxisDirect Enquire
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SMC Global Vs AxisDirect Investment Options

  SMC Global AxisDirect
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 Loans, ETF, Corporate FD
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SMC Global Vs AxisDirect Order Type Offered

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

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

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

  SMC Global AxisDirect
Pros
  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.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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.
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews
Promo / Offers
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