SMC Global Vs RMoney (Compare SMC Global and RMoney)

SMC Global Vs RMoney

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

	SMC Global	RMoney
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Year of Incorporation	1994
Number of Branches	2450
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SMC Global Vs RMoney Charges & AMC

SMC Global trading account opening charges is Nil while RMoney account opening changes is Rs 199. SMC Global Demat Account AMC Charges is Rs 300 and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

	SMC Global	RMoney
Trading Account Opening Charges	Nil	Rs 199
Trading Account AMC Charges	Nil	Rs 0 (Free)
Demat Account Opening Charges	Rs 499	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 0 for lifetime (Free)

SMC Global Vs RMoney Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

	SMC Global	RMoney
Account Type		Zero Brokerage Plans
Fixed Charges		NA
Equity Delivery	0.3%	Rs 0 (Free)
Equity Intraday	0.03%	Rs 18 per executed order or .01% whichever is lower
Equity Futures	0.03%	Rs 18 per executed order or .01% whichever is lower
Equity Options	Rs 70 per lot	Rs 18 per executed order or .01% whichever is lower
Currency Futures	0.03%	Rs 18 per executed order or .01% whichever is lower
Currency Options	Rs 20 per lot	Rs 18 per executed order or .01% whichever is lower
Commodity Futures	0.03%	Rs 18 per executed order or .01% whichever is lower
Commodity Options	0.03%
Special Offer		Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

SMC Global Vs RMoney Brokerage Plan 2

	SMC Global	RMoney
Account Type		Happy Service Plan
Fixed Charges		NA
Equity Delivery	0.3%	0.10% to 0.40%
Equity Intraday	0.03%	0.01% to 0.04%
Equity Futures	0.03%	0.005% to 0.02%
Equity Options	Rs 70 per lot	Rs 20 to Rs 80 per lot
Currency Futures	0.03%	0.005% to 0.02%
Currency Options	Rs 20 per lot	0.005% to 0.02%
Commodity Futures	0.03%	0.005% to 0.02%
Commodity Options	0.03%
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SMC Global Charges Vs RMoney

Minimum Brokerage	Rs 25 per trade or 2.5% of the trade value whichever is lower	Rs 0
Other Charges		Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges		Rs 0 (Unlimited Calls)

SMC Global Vs RMoney Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

	SMC Global	RMoney
Equity Delivery	0.0035%	NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday	0.0035%	NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures	0.0029%	NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options	0.065% (on premium)	NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures	0.0029%	NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options	0.065% (on premium)	NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity	0.0030%	MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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SMC Global Vs RMoney 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 RMoney 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	RMoney
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 RMoney Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	SMC Global	RMoney
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	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time		Equity 3:15 PM
Other Features
Referral Program
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SMC Global Vs RMoney Review

SMC Global is rated 4.1 of 5 based on 29 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

	SMC Global	RMoney
	29 Customer Reviews	4 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	RMoney is rated 3.8 of 5 based on 4 customer reviews

SMC Global Vs RMoney Investment Options

	SMC Global	RMoney
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Corporate FD, Life Instance, General Insurance

SMC Global Vs RMoney Order Type Offered

	SMC Global	RMoney
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 RMoney Research Report

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

SMC Global Vs RMoney Suitable For Investor Type

	SMC Global	RMoney
Casual Investor
Active Investor
Trader

SMC Global Vs RMoney - Pros and Cons

	SMC Global	RMoney
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.	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
Cons	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers		Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
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