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SMC Global Online Vs Edelweiss Broking – Share Brokers Comparison
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SMC Global Online Vs Edelweiss Broking
Here is a point by point comparison of SMC Global Online Vs Edelweiss Broking. Edelweiss Broking is a full service broker based out of Mumbai with clients across Institutional, retail and corporations. It has a client base of around 9 lakh clients and covers around 237 locations from 120+ cities of India. Edelweiss acquired J.P. Morgan asset management company in March 2016 thus widening its coverage and hold in the commodities segment.
SMC Global Online is a full service stock broker with more than 2400 branches across the country. Established back in 1994, SMC Global Online is known for international presence and multiple trading platforms across devices for its retail clients.
Full service brokers such as Edelweiss Broking or SMC Global Online will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between SMC Global Online Vs Edelweiss Broking to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| SMC Global Review | Edelweiss Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 2002 |
| Number of branches across India | 2,450 | 237 |
| Exchanges | NSE, BSE, MCX, NCDEX, MCX-SX | NSE, BSE, MCX-SX and MSEI |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹1000 |
| Trading Account Annual Maintenance Charges | ₹300 | ₹0 |
| Demat Account Opening Charges | ₹499 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | Free for 1st year, ₹500 from 2nd year |
| Transaction Charges | SMC Global Transaction Charges | Edelweiss Broking Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | 0.45% |
| Intraday Delivery | 0.03% | 0.06% |
| Equity Futures | 0.03% | 0.06% |
| Equity Options | ₹70 per lot | ₹150 per lot |
| Currency Futures | 0.03% | 0.050% |
| Currency Options | ₹20 per lot | ₹50 per lot |
| Commodity | 0.03% | NA |
| Brokerage Calculator | SMC Global Brokerage Calculator | Edelweiss Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times Intraday & 3 times for Delivery | Upto 20 times for Intraday, Upto 4 times for Delivery @interest |
| Equity Futures | 2 times | Upto 3 times for Intraday |
| Equity Options | NA | Buying No Leverage, Shorting upto 3 times for Intraday |
| Currency Futures | NA | Upto 2 times for Intraday |
| Currency Options | NA | Buying No Leverage, Shorting upto 3 times for Intraday |
| Commodities | 2 times | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | |  |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | SMC Privilege, Easy Trader, Mobitrader, TabTrader | Xtreme Trader, Traders Lounge, Mobile Trader |
| Total BSE+NSE Complaints | 44 | 78 |
| OVERALL RATING |  | |
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SMC Global Online Vs Edelweiss Broking
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