SMC Global Vs Fyers (Compare SMC Global and Fyers)


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


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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SMC Global Vs Fyers

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 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  SMC Global Fyers
Type of Broker Full Service Broker Discount Broker
Exchnage Membership NSE, BSE, MCX, NCDEX NSE, MCX
Year of Incorporation 1994 2015
Number of Branches 2450 0
Open an Online Trading Account with SMC Global.Open an Online Trading Account with Fyers.
Enquire SMC GlobalOpen Fyers Account
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SMC Global Vs Fyers Charges & AMC

SMC Global trading account opening charges is Nil while Fyers account opening changes is Rs 0 (Free). SMC Global Demat Account AMC Charges is Rs 300 and Fyers Demat Account AMC Charges is Rs 300.

  SMC Global Fyers
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 300
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SMC Global Vs Fyers Brokerage Charges & Plans

SMC Global Vs Fyers Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  SMC Global Fyers
Account Type Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery 0.3% Rs 0 (Free)
Equity Intraday 0.03% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.03% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 70 per lot Rs 20 per executed order
Currency Futures 0.03% Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per lot Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order or .03% whichever is lower
Commodity Options 0.03% Rs 20 per executed order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

SMC Global Charges Vs Fyers

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per trade
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SMC Global Vs Fyers Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

  SMC Global Fyers
Equity Delivery 0.0035% Rs 325 per Cr (0.00325%)
Equity Intraday 0.0035% Rs 325 per Cr (0.00325%)
Equity Futures 0.0029% Rs 240 per Cr (0.0024%)
Equity Options 0.065% (on premium) Rs 5900 per Cr (on premium) (0.059%)
Currency Futures 0.0029% Rs 240 per Cr (0.0024%)
Currency Options 0.065% (on premium) Rs 5900 per Cr (on premium) (0.059%)
Commodity 0.0030% NA
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SMC Global Vs Fyers 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 Fyers 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 Fyers
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 Fyers Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Fyers offers Fyers One (In-house build) trading software.

  SMC Global Fyers
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo No
Online Portfolio Yes Yes
Margin Trading Funding No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader Fyers One (In-house build)
Intraday Square-off Time 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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SMC Global Vs Fyers Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

  SMC Global Fyers
  29 Customer Reviews    Rate SMC Global 21 Customer Reviews    Rate Fyers
Fees 3.9 3.3
Brokerage 3.8 3.7
Trading Platform 4.0 3.2
Customer Service 4.1 3.4
Research Capabilities 4.3 1.7
Overall Ratings Rated 4.1 stars Rated 3.2 stars
Broker Rating SMC Global is rated 4.1 of 5 based on 29 customer reviews Fyers is rated 3.2 of 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire Fyers Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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SMC Global Vs Fyers Investment Options

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

  SMC Global Fyers
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 Fyers Research Report

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

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

  SMC Global Fyers
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.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
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.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Enquire SMC GlobalOpen Fyers Account

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