SMC Global Vs Nirmal Bang (Compare SMC Global and Nirmal Bang)

SMC Global Vs Nirmal Bang

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 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	SMC Global	Nirmal Bang
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation	1994	1986
Number of Branches	2450	2000
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SMC Global Vs Nirmal Bang Charges & AMC

SMC Global trading account opening charges is Nil while Nirmal Bang account opening changes is Rs 0. SMC Global Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

	SMC Global	Nirmal Bang
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 200

SMC Global Vs Nirmal Bang Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	SMC Global	Nirmal Bang
Account Type		Basic Plan
Fixed Charges		NA
Equity Delivery	0.3%	0.2%
Equity Intraday	0.03%	0.02%
Equity Futures	0.03%	0.02%
Equity Options	Rs 70 per lot	Rs 35
Currency Futures	0.03%	0.02%
Currency Options	Rs 20 per lot	Rs 20
Commodity Futures	0.03%	0.01%
Commodity Options	0.03%
Special Offer

SMC Global Charges Vs Nirmal Bang

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges
Call & Trade Charges

SMC Global Vs Nirmal Bang Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Nirmal Bang exchange transaction charges for options is Rs 5700.

	SMC Global	Nirmal Bang
Equity Delivery	0.0035%	Rs 390
Equity Intraday	0.0035%	Rs 390
Equity Futures	0.0029%	Rs 240
Equity Options	0.065% (on premium)	Rs 5700
Currency Futures	0.0029%	Rs 240
Currency Options	0.065% (on premium)	Rs 5700
Commodity	0.0030%	Rs 250
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SMC Global Vs Nirmal Bang 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 Nirmal Bang 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	Nirmal Bang
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 Nirmal Bang Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	SMC Global	Nirmal Bang
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	Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time		3:15
Other Features
Referral Program
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SMC Global Vs Nirmal Bang Review

SMC Global is rated 3.7 of 5 based on 16 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

	SMC Global	Nirmal Bang
	16 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SMC Global is rated 3.7 of 5 based on 16 customer reviews	Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews

SMC Global Vs Nirmal Bang Investment Options

	SMC Global	Nirmal Bang
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

SMC Global Vs Nirmal Bang Order Type Offered

	SMC Global	Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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SMC Global Vs Nirmal Bang Research Report

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

SMC Global Vs Nirmal Bang Suitable For Investor Type

	SMC Global	Nirmal Bang
Casual Investor
Active Investor
Trader

SMC Global Vs Nirmal Bang - Pros and Cons

	SMC Global	Nirmal Bang
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.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
Cons	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers
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