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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, exposure margin, demat account. Read Upstox and SMC Global review.

Find out SMC Global Vs Upstox which is better and SMC Global Vs Upstox which is best.

Our SMC Global Limited comparison with Upstox highlights the major differences between two brokers. Find the best between SMC Global and Upstox.

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SMC Global Vs Upstox

  SMC Global Limited Upstox
 
SMC Global Limited Logo Upstox Logo
About the Broker 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 office... Know more about SMC Global Limited 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 ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX, NCDEX BSE, NSE, MCX
Account Type Upstox Basic
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.
Year of Incorporation
Number of Branches
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SMC Global Vs Upstox Charges

  SMC Global Limited Upstox
Trading Account Opening Fees Nil ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC Nil ₹0
Demat Account Opening Fees Rs 499 ₹0
Demat Account AMC Rs 300 ₹150
Demat Account is Mandatory? No No
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SMC Global Vs Upstox Brokerage

Brokerage Plan 1

  SMC Global Limited Upstox
Account Type Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.3% ₹0
Equity Intraday Brokerage 0.03% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.03% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage Rs.70 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.03% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage Rs.20 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.03% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  SMC Global Limited Upstox
Account Type Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage 0.3% ₹0
Equity Intraday Brokerage 0.03% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.03% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage Rs.70 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage 0.03% ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage Rs.20 per lot ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage 0.03% ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage 0.03%

Other Charges

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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SMC Global Vs Upstox Taxes

  SMC Global Limited Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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SMC Global Vs Upstox Transaction Charges

  SMC Global Limited Upstox
Equity Delivery 0.0035% NSE ₹325 | BSE ₹275
Equity Intraday 0.0035% NSE ₹325 | BSE ₹275
Equity Futures 0.0029% NSE ₹210
Equity Options 0.065% (on premium) NSE ₹5500
Currency Futures 0.0029% ₹150
Currency Options 0.065% (on premium) ₹6000
Commodity 0.0030% MCX ₹260/Cr
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SMC Global Vs Upstox Exposure Margin

  SMC Global Limited Upstox
Equity Delivery Upto 3x 2.5x
Equity Intraday Upto 10x Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Upto 2x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Upto 2x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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SMC Global and Upstox Feature Comparison

  SMC Global Limited 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)
Margin Against Shares (Equity F&O)
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
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SMC Global Vs Upstox Review

  SMC Global Limited Upstox
  13 Customer Reviews    Rate SMC Global 50 Customer Reviews    Rate Upstox
Fees Ratings 3.8 3.7
Trading Brokerage Rating 3.3 3.6
Trading Platform Usability 3.9 2.8
Customer Service Ratings 3.8 2.4
Overall Ratings Rated 3.8 stars Rated 2.5 stars
Broker Rating SMC Global is Rated 3.8 / 5 based on 13 customer reviews Upstox is Rated 2.5 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Limited Upstox
Contact / Request Call Back
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SMC Global Vs Upstox Investment Options

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

  SMC Global Limited Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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SMC Global Vs Upstox Order Type Offered

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

  SMC Global Limited 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 Limited Upstox
Casual Investor
Active Investor Yes
Trader Yes
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SMC Global Vs Upstox - Advantages and Disadvantages

  SMC Global Limited 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.

More Advantages...

  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.

More Advantages...

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.

More Disadvantages...

  • 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.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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