SMC Global Online Vs Fyers – Share Brokers Detailed Comparison

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SMC Global Online Vs Fyers

Here is a point by point comparison of SMC Global Online Vs Fyers. 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.

FYERS is a discount broker but launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.

Full service brokers such as 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. Discount brokers such as Fyers offer trading services at much cheaper brokerage rates and reasonable customer service. 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 Fyers 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



	Fyers Review	SMC Global Review
OVERVIEW
Broker Type	Discount Broker	Full Service Broker
Incorporated In the Year	2015	1994
Number of branches across India	1	2,450
Exchanges	BSE, NSE	NSE, BSE, MCX, NCDEX, MCX-SX
ACCOUNT CHARGES
Trading Account Opening Charges	₹0	₹0
Trading Account Annual Maintenance Charges	₹0	₹300
Demat Account Opening Charges	₹0	₹499
Demat Account Annual Maintenance Charges	₹400	₹0
Transaction Charges	Fyers Transaction Charges	SMC Global Transaction Charges
BROKERAGE
Equity Delivery	₹20 per executed order	0.3%
Intraday Delivery	₹20 per executed order	0.03%
Equity Futures	₹20 per executed order	0.03%
Equity Options	₹20 per executed order	₹70 per lot
Currency Futures	₹20 per executed order	0.03%
Currency Options	₹20 per executed order	₹20 per lot
Commodity	NA	0.03%
Brokerage Calculator	Fyers Brokerage Calculator	SMC Global Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 15 times for Intraday, 3 to 5 times for Delivery	Upto 10 times Intraday & 3 times for Delivery
Equity Futures	Upto 5 times	2 times
Equity Options	Upto 5 times	NA
Currency Futures	Upto 5 times	NA
Currency Options	Upto 5 times	NA
Commodities	NA	2 times
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)	FYERS One, FYERS Markets, FYERS Web Trader	SMC Privilege, Easy Trader, Mobitrader, TabTrader
Total BSE+NSE Complaints	38	44
OVERALL RATING
	Get a Callback	Get a Call Back

Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with SMC Global Online Vs Fyers for the benefits of other readers. Please feel free to share in the comments below.

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