SMC Global Vs Upstox (Compare SMC Global and Upstox)

The side-by-side comparison of SMC Global and Upstox. Compare SMC Global Vs Upstox brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SMC Global vs Upstox?


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


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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SMC Global Vs Upstox

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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  SMC Global Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnages NSE, BSE, MCX, NCDEX BSE, NSE, MCX
Account Type Upstox Basic
Year of Incorporation 1994 2012
Number of Branches 2450 4
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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SMC Global Vs Upstox Charges & AMC

SMC Global trading account opening charges is Nil while Upstox account opening changes is ₹249. SMC Global Demat Account AMC Charges is ₹300 and Upstox Demat Account AMC Charges is ₹300.

  SMC Global Upstox
Trading Account Opening Charges Nil ₹249
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges ₹499 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300
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SMC Global Vs Upstox Brokerage Charges & Plans

SMC Global Vs Upstox Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  SMC Global Upstox
Account Type Upstox Basic
Fixed Charges NA
Equity Delivery Brokerage 0.3% ₹0 (Free)
Equity Intraday Brokerage 0.03% ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.03% ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹20 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.03% ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage 0.03% ₹20 per executed order
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

SMC Global Vs Upstox Brokerage Plan 2

  SMC Global Upstox
Account Type Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage 0.3% ₹0
Equity Intraday Brokerage 0.03% ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage 0.03% ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹70 per lot ₹30 per executed order
Currency Futures Trading Brokerage 0.03% ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹20 per lot ₹30 per executed order
Commodity Futures Trading Brokerage 0.03% ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage 0.03% ₹30 per executed order
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SMC Global Charges Vs Upstox

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower 0.05%
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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SMC Global Vs Upstox Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  SMC Global Upstox
Equity Delivery 0.0035% NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday 0.0035% NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures 0.0029% NSE ₹210 per Cr (0.0021%)
Equity Options 0.065% (on premium) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures 0.0029% NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options 0.065% (on premium) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity 0.0030% Group A - ₹290 per Cr (0.0029%)
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SMC Global Vs Upstox Leverage (Margin)

SMC Global provides the margin of Upto 10x Intraday for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  SMC Global Upstox
Equity Delivery Upto 3x 1x (no margin)
Equity Intraday Upto 10x Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Upto 2x Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options NA Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures NA Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options NA Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Upto 2x Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options
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Compare SMC Global and Upstox Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  SMC Global Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM
Other Features Option strategy builder
Referral Program Yes
Enquire SMC GlobalEnquire Upstox
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SMC Global Vs Upstox Review

SMC Global is rated 3.7 of 5 based on 15 customer reviews whereas Upstox is rated 2.5 of 5 based on 96 customer reviews.

  SMC Global Upstox
  15 Customer Reviews    Rate SMC Global 96 Customer Reviews    Rate Upstox
Fees 3.9 3.5
Trading Brokerage 3.2 3.5
Trading Platform Usability 3.9 2.7
Customer Service 3.7 2.3
Research Capabilities 4.0 2.3
Overall Ratings Rated 3.7 stars Rated 2.5 stars
Broker Rating SMC Global is rated 3.7 of 5 based on 15 customer reviews Upstox is rated 2.5 of 5 based on 96 customer reviews
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  SMC Global Enquire Upstox Enquire
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FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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SMC Global Vs Upstox Investment Options

  SMC Global Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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SMC Global Vs Upstox Order Type Offered

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

  SMC Global Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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SMC Global Vs Upstox Suitable For Investor Type

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

  SMC Global Upstox
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. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
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.
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
Reviews
Promo / Offers

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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