SMC Global Vs Finvasia (Compare SMC Global and Finvasia)


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


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd

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SMC Global Vs Finvasia

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 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  SMC Global Finvasia
Type of Broker Full Service Broker Discount Broker
Exchnage Membership NSE, BSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1994 2013
Number of Branches 2450 1
Open an Online Trading Account with SMC Global.Open an Online Trading Account with Finvasia.
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SMC Global Vs Finvasia Charges & AMC

SMC Global trading account opening charges is Nil while Finvasia account opening changes is Rs 0 (Free). SMC Global Demat Account AMC Charges is Rs 300 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

  SMC Global Finvasia
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 0 per year (Lifetime Zero AMC)
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SMC Global Vs Finvasia Brokerage Charges & Plans

SMC Global Vs Finvasia Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

  SMC Global Finvasia
Account Type Standard
Fixed Charges NA
Equity Delivery 0.3% Rs 0
Equity Intraday 0.03% Rs 0
Equity Futures 0.03% Rs 0
Equity Options Rs 70 per lot Rs 0
Currency Futures 0.03% Rs 0
Currency Options Rs 20 per lot Rs 0
Commodity Futures 0.03% Rs 0
Commodity Options 0.03% Rs 0
Special Offer

SMC Global Charges Vs Finvasia

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower Rs 0
Other Charges Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Rs 0
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SMC Global Vs Finvasia Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

  SMC Global Finvasia
Equity Delivery 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures 0.0029% NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options 0.065% (on premium) Rs 5000 per Cr (0.05%) (on premium)
Currency Futures 0.0029% Rs 115 per Cr (0.00115%)
Currency Options 0.065% (on premium) Rs 4000 per Cr (0.04%) (on premium)
Commodity 0.0030% Rs 260 per Cr (0.0026%)
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SMC Global Vs Finvasia 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 Finvasia 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 Finvasia
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 Finvasia Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

  SMC Global Finvasia
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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SMC Global Vs Finvasia Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

  SMC Global Finvasia
  29 Customer Reviews    Rate SMC Global 40 Customer Reviews    Rate Finvasia
Fees 3.9 4.7
Brokerage 3.8 4.9
Trading Platform 4.0 3.6
Customer Service 4.1 4.5
Research Capabilities 4.3 2.9
Overall Ratings Rated 4.1 stars Rated 4.6 stars
Broker Rating SMC Global is rated 4.1 of 5 based on 29 customer reviews Finvasia is rated 4.6 of 5 based on 40 customer reviews
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SMC Global Vs Finvasia Investment Options

  SMC Global Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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SMC Global Vs Finvasia Order Type Offered

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

  SMC Global Finvasia
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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SMC Global Vs Finvasia Suitable For Investor Type

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

  SMC Global Finvasia
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.
  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.
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.
  • Scalpter, the web-based trading platform has only 1 min charting frame.
  • Bracket orders are chargeable.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.
  • Finvasia is an online stock broker. It doesn't have branch offices.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding.
  • Leverage offered is on the lower side in comparison with other discount brokers.
Reviews
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