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


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


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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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
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SMC Global Vs Nirmal Bang Brokerage Charges & Plans

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
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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 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 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    Rate SMC Global 19 Customer Reviews    Rate Nirmal Bang
Fees 3.8 3.6
Brokerage 3.2 3.5
Trading Platform 3.8 2.6
Customer Service 3.6 2.3
Research Capabilities 3.5 3.0
Overall Ratings Rated 3.7 stars Rated 2.6 stars
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
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SMC Global Vs Nirmal Bang Investment Options

  SMC Global Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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SMC Global Vs Nirmal Bang Order Type Offered

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

  SMC Global Nirmal Bang
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 Nirmal Bang Suitable For Investor Type

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

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