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SMC Global Vs AxisDirect (Compare SMC Global and AxisDirect)

The side-by-side comparison of SMC Global and AxisDirect. Compare SMC Global Vs AxisDirect brokerage, charges, exposure margin, demat account. Read AxisDirect and SMC Global review.

Find out SMC Global Vs AxisDirect which is better and SMC Global Vs AxisDirect which is best.

Our SMC Global Limited comparison with Axis Securities highlights the major differences between two brokers. Find the best between SMC Global and AxisDirect.

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SMC Global Vs AxisDirect

  SMC Global Limited Axis Securities
 
SMC Global Limited Logo Axis Securities Logo
About the Broker 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 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 AxisDir... Know more about Axis Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage NSE, BSE, MCX, NCDEX BSE, NSE, MCX
Account Type Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 2006
Number of Branches 2450 56
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SMC Global Vs AxisDirect Charges

  SMC Global Limited Axis Securities
Trading Account Opening Fees Nil ₹900 (3 in 1 account)
Trading Account AMC Nil ₹0
Demat Account Opening Fees Rs 499 ₹0
Demat Account AMC Rs 300 ₹650 (free for 1st year)
Demat Account is Mandatory? No No
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SMC Global Vs AxisDirect Brokerage

Brokerage Plan 1

  SMC Global Limited Axis Securities
Account Type Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage 0.3% ₹20 per executed order
Equity Intraday Brokerage 0.03% ₹20 per executed order
Equity Futures Brokerage 0.03% ₹20 per executed order
Equity Options Brokerage Rs.70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.03% NA
Currency Options Trading Brokerage Rs.20 per lot NA
Commodity Futures Trading Brokerage 0.03% NA
Commodity Options Trading Brokerage 0.03% NA

Brokerage Plan 2

  SMC Global Limited Axis Securities
Account Type Fixed Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.3% 0.50% (Each Leg)
Equity Intraday Brokerage 0.03% 0.05% (Each Leg)
Equity Futures Brokerage 0.03% 0.05% (Each Leg)
Equity Options Brokerage Rs.70 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.03% 0.05% (Each Leg)
Currency Options Trading Brokerage Rs.20 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.03% 0.03% (Each Leg)
Commodity Options Trading Brokerage 0.03% ₹50 per lot

Other Charges

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

  SMC Global Limited Axis Securities
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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SMC Global Vs AxisDirect Transaction Charges

  SMC Global Limited Axis Securities
Equity Delivery 0.0035% 0.00325% (₹325/Cr)
Equity Intraday 0.0035% 0.00325% (₹325/Cr)
Equity Futures 0.0029% 0.0019% (₹190/Cr)
Equity Options 0.065% (on premium) 0.05% (₹5000/crore)
Currency Futures 0.0029% 0.0019% (₹190/Cr)
Currency Options 0.065% (on premium) 0.05% (₹5000/crore)
Commodity 0.0030%
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SMC Global Vs AxisDirect Exposure Margin

  SMC Global Limited Axis Securities
Equity Delivery Upto 3x 100% (1x)
Equity Intraday Upto 10x Intraday Upto 10x
Equity Futures Upto 2x 100% (1x)
Equity Options NA 100% (1x)
Currency Futures NA 100% (1x)
Currency Options NA 100% (1x)
Commodity Futures Upto 2x 3x
Commodity Options 100% (1x)
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SMC Global and AxisDirect Feature Comparison

  SMC Global Limited Axis Securities
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 Available 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 Limited Axis Securities
  13 Customer Reviews    Rate SMC Global 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.8 2.0
Trading Brokerage Rating 3.3 1.8
Trading Platform Usability 3.9 2.7
Customer Service Ratings 3.8 2.4
Overall Ratings Rated 3.8 stars Rated 2.2 stars
Broker Rating SMC Global is Rated 3.8 / 5 based on 13 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Limited Axis Securities
Contact / Request Call Back
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SMC Global Vs AxisDirect Investment Options

  SMC Global Limited Axis Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 Customer Service

  SMC Global Limited Axis Securities
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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SMC Global Vs AxisDirect Order Type Offered

  SMC Global Limited Axis Securities
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 Limited Axis Securities
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 Limited Axis Securities
Casual Investor Yes
Active Investor
Trader
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SMC Global Vs AxisDirect - Advantages and Disadvantages

  SMC Global Limited Axis Securities
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.

More Advantages...

  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

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.

More Disadvantages...

  • Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹20 extra per trade

More Disadvantages...

Reviews
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