SMC Global Vs iTradeOnline (Compare SMC Global and iTradeOnline)


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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SMC Global Vs iTradeOnline

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

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

SMC Global trading account opening charges is Nil while iTradeOnline account opening changes is Rs 0 (Free). SMC Global Demat Account AMC Charges is Rs 300 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  SMC Global iTradeOnline
Trading Account Opening Charges Nil Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Rs 499 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 300 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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SMC Global Vs iTradeOnline Brokerage Charges & Plans

SMC Global Vs iTradeOnline Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  SMC Global iTradeOnline
Account Type Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.3% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.03% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.03% Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 70 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.03% Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per lot Rs 20 per executed order or .01% whichever is lower
Commodity Futures 0.03% Rs 20 per executed order or .01% whichever is lower
Commodity Options 0.03%
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

SMC Global Charges Vs iTradeOnline

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 0 (Free)
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SMC Global Vs iTradeOnline Transaction Charges

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

  SMC Global iTradeOnline
Equity Delivery 0.0035% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday 0.0035% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures 0.0029% NSE Rs 190 per crore (0.0019%)
Equity Options 0.065% (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.0029% NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options 0.065% (on premium) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity 0.0030% MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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SMC Global Vs iTradeOnline 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 iTradeOnline 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 iTradeOnline
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 iTradeOnline Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  SMC Global iTradeOnline
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)
Margin Against Shares (Equity F&O)
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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SMC Global Vs iTradeOnline Review

SMC Global is rated 3.7 of 5 based on 16 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  SMC Global iTradeOnline
  16 Customer Reviews    Rate SMC Global 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Brokerage 3.2 4.1
Trading Platform 3.8 3.9
Customer Service 3.6 3.7
Research Capabilities 3.5 1.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating SMC Global is rated 3.7 of 5 based on 16 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire iTradeOnline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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SMC Global Vs iTradeOnline Investment Options

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

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

  SMC Global iTradeOnline
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 iTradeOnline Suitable For Investor Type

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

  SMC Global iTradeOnline
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.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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