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SMC Global Vs Groww (Compare SMC Global and Groww)

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...

Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe...

SMC Global Vs Groww

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 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	SMC Global	Groww
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX	NSE and BSE
Year of Incorporation	1994	2016
Number of Branches	2450	0

SMC Global Vs Groww Charges & AMC

SMC Global trading account opening charges is Nil while Groww account opening changes is Rs 0. SMC Global Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

	SMC Global	Groww
Trading Account Opening Charges	Nil	Rs 0
Trading Account AMC Charges	Nil	Rs 0
Demat Account Opening Charges	Rs 499	Rs 0
Demat Account AMC Charges	Rs 300	Rs 0

SMC Global Vs Groww Brokerage Charges & Plans

SMC Global Vs Groww Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

	SMC Global	Groww
Account Type		Standard Plan
Fixed Charges		NA
Equity Delivery	0.3%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday	0.03%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.03%	NA
Equity Options	Rs 70 per lot	NA
Currency Futures	0.03%	NA
Currency Options	Rs 20 per lot	NA
Commodity Futures	0.03%	NA
Commodity Options	0.03%	NA
Special Offer

SMC Global Charges Vs Groww

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower	Rs 20 or 0.05% per executed order
Other Charges		Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges		NA

SMC Global Vs Groww Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Groww exchange transaction charges for options is NA.

	SMC Global	Groww
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%	NA
Equity Options	0.065% (on premium)	NA
Currency Futures	0.0029%	NA
Currency Options	0.065% (on premium)	NA
Commodity	0.0030%	NA

SMC Global Vs Groww 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 Groww 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	Groww
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)

Compare SMC Global and Groww Features

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

	SMC Global	Groww
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	SMC Privilege, Easy Trader, Mobitrader, Tab Trader	Groww
Intraday Square-off Time		3:10 PM
Other Features
Referral Program

SMC Global Vs Groww Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

	SMC Global	Groww
	29 Customer Reviews	31 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SMC Global is rated 4.1 of 5 based on 29 customer reviews	Groww is rated 3.7 of 5 based on 31 customer reviews

Contact Broker / Request A Call Back

	SMC Global Enquire	Groww Enquire
Contact Broker	Leave your contact information and we will get in touch with you.... Name Phone # Email City Name State Are you a day trader?	Leave your contact information and we will get in touch with you....

SMC Global Vs Groww Investment Options

	SMC Global	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Digital Gold, US Stocks, Fixed Deposits

SMC Global Vs Groww Order Type Offered

	SMC Global	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

SMC Global Vs Groww Research Report

	SMC Global	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

SMC Global Vs Groww Suitable For Investor Type

	SMC Global	Groww
Casual Investor
Active Investor
Trader

SMC Global Vs Groww - Pros and Cons

	SMC Global	Groww
Pros	They have 50+ branches for extensive reach. Call and trade facility is also available. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.	Simple pricing model with low-cost trading charges. Free Mutual Fund investments with no hidden charges. Zero Account opening fee. Zero Maintenance Charges. Direct MF platform that helps you earn an extra 1.5% returns. E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision. Instant paperless account opening. Online IPO application. Inhouse Brokerage Calculator Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline.
Cons	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.	Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment. No Call and Trade services. Branch support not available. Do not provide stock tips, research reports, or recommendations. No Margin trading facility. No Margin against shares. Advanced order types like BO, CO, AMO, and GTT not available. Trailling stop loss orders are not available in Groww app. Do not offer NRI Trading.
Reviews		Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.
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