SMC Global Vs Choice Broking (Compare SMC Global and Choice Broking)


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


Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited

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SMC Global Vs Choice Broking

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 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

  SMC Global Choice Broking
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX, NCDEX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 1994 2010
Number of Branches 2450 50
Open an Online Trading Account with SMC Global.Open an Online Trading Account with Choice Broking.
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SMC Global Vs Choice Broking Charges & AMC

SMC Global trading account opening charges is Nil while Choice Broking account opening changes is Rs 0 (Free). SMC Global Demat Account AMC Charges is Rs 300 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  SMC Global Choice Broking
Trading Account Opening Charges Nil Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Rs 499 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 200 or as per plan. (1st year AMC free)
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SMC Global Vs Choice Broking Brokerage Charges & Plans

SMC Global Vs Choice Broking Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  SMC Global Choice Broking
Account Type Standard Plan
Fixed Charges
Equity Delivery 0.3% 0.20%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options Rs 70 per lot Rs 25 per lot
Currency Futures 0.03% 0.02%
Currency Options Rs 20 per lot Rs 20 per lot
Commodity Futures 0.03% 0.02%
Commodity Options 0.03% Rs 50 per lot
Special Offer

SMC Global Charges Vs Choice Broking

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges
Call & Trade Charges Rs 0 (Free)
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SMC Global Vs Choice Broking Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  SMC Global Choice Broking
Equity Delivery 0.0035% NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday 0.0035% NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures 0.0029% NSE Rs 240 per crore (0.0024%)
Equity Options 0.065% (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.0029% NSE Rs 90 per crore (0.0009%)
Currency Options 0.065% (on premium) NSE Rs 4000 per crore (0.04%)
Commodity 0.0030% Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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SMC Global Vs Choice Broking 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 Choice Broking 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 Choice Broking
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 Choice Broking Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Choice Broking offers Jiffy trading software.

  SMC Global Choice Broking
3 in 1 Account No No
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 Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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SMC Global Vs Choice Broking Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  SMC Global Choice Broking
  29 Customer Reviews    Rate SMC Global 7 Customer Reviews    Rate Choice Broking
Fees 3.9 4.4
Brokerage 3.8 4.1
Trading Platform 4.0 4.4
Customer Service 4.1 4.0
Research Capabilities 4.3 4.2
Overall Ratings Rated 4.1 stars Rated 4.1 stars
Broker Rating SMC Global is rated 4.1 of 5 based on 29 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire Choice Broking Enquire
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SMC Global Vs Choice Broking Investment Options

  SMC Global Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Insurance Portfolio Management Services, Insurance
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SMC Global Vs Choice Broking Order Type Offered

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

  SMC Global Choice Broking
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 Choice Broking Suitable For Investor Type

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

  SMC Global Choice Broking
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.
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
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.
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
Reviews

Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.

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