SMC Global

SMC Global is a leading full-service stockbroker based out of New Delhi, India. Established in the year 1994, the full-service broker enjoys presence with more than 50 branches across the country and 2400 sub-broker network. (Find more on SMC Global Sub broker here).

SMC Global Review

Apart from retail stock broking, SMC Global also provides Wealth Management, DP and Research services. SMC Global also has an international presence across Dubai.

The broker has recently come up with a discount broking arm called Stoxkart that charges a flat rate brokerage. The interesting part is that you are charged brokerage only when you make a profit in your trade.

To get into trade with Stoxkart it is good to have Stoxkart Demat Account. Thus, with Stoxkart Login you can reap the benefits of its features.

Also, know about Stoxkart Charges

Within stock broking, SMC Global has memberships with NSE, BSE, MCX, NCDEX, MCX-SX and allows its clients to trade across segments such as:

• Equity
• Derivative Trading
• Currency Trading
• Commodity Trading
• IPO
• Mutual Funds
• Bonds

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“SMC Global Online has a total of 1,19,223 active clients for the financial year 2020″.

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Chairman & Managing Director, SMC Group

SMC Global Trading Platforms

SMC Global Online has a range of trading platforms across the web, desktop, mobile and tablet.

Thus, quantity-wise there are no concerns, but when it comes to quality there are few hiccups that need to be addressed especially around user experience and usability of applications. To access the trading platform open the SMC Free Demat Account.

Here are the details:

SMC Privilege

This trading software is an executable file that can be downloaded and installed on a user’s laptop or desktop. Mostly suitable for heavy traders, SMC Privilege comes with the following features as listed below:

• Real-time streaming quotes
• Intraday charting with indicators
• Hotkey functions for faster execution of orders and other features
• Online funds transfer allowed

Having said that, the app is relatively bulky and users must maintain a decent configuration of their laptop and/or desktop to keep consistent user experience.

SMC Global Easy Trader

Easy Trader is a web-based responsive trading platform that can be accessed across devices. It is relatively lighter in performance and does not need any installation or downloads.

Easy trader comes with the following features:

• Accessible across devices and even at relatively lower internet bandwidth
• Access to back-office reports for analysis
• Personalized Workspace feature with customization of UI widgets
• Trading across segments and exchanges possible

SMC Global MobiTrade Mobile App

Mobitrade is the mobile application for trading by SMC Global which is secure and user-friendly at the same time. Some of the features of Mobitrade are:

• Trading across multiple segments and exchanges allowed
• Multiple market watch provision
• Users get complete access to different reports like order book, trade book, net position etc
• Intraday and historical charts feature

This is how the app looks like:

This is how Mobitrade is rated at Google Play store:

 

SMC Tabtrade

SMC Tabtrade is a trading app for iPads and Android tabs. This allows the user base that prefers to trade on the go and on relatively bigger screens. Here are the app features:

• Trading across segments and exchanges possible
• Multiple market watch with quote streaming option
• Interactive charts that help the clients with detailed technical analysis

However, the number of user base using this application is very limited. Thus, the focus on improving this trading application and adding new features from the broker is pretty low.

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SMC Global Research

When it comes to research, SMC Global offers an exhaustive level of reports and recommendations at both the technical and fundamental level.

Here are the different types of reports and research products with their respective publishing frequency:

• Equity Analysis
  • Equity Morning Mantra – Daily
  • Corporate Action Meter – Daily
  • Techno Funda Report – Fortnightly
  • Corporate Action Meter – Weekly
  • Macro-Economic Meter – Daily
  • Macro-Economic Meter – Weekly
  • Result Updates – As and When
  • Pre-budget analysis – Yearly
  • RBI Monetary Policy Report – Bi-monthly
  • Special Reports –  Bi-monthly
• Derivative Analysis
  • Derivatives Daily
  • Index Ranker
• Commodity Analysis
  • Metal & Energy – Daily
  • Agri – Daily
  • Special Updates – As and When
  • Techno Funda Report – As and When
  • Agri Updates – Monthly
  • Metal & Energy Updates – Monthly
  • Commodity Momentum Report – Weekly
• Currency Analysis
  • Currency Daily Buzzer
  • Weekly Momentum Report
• IPO Reports – As and When
• Mutual Funds Weekly Reports
• WiseMoney – Weekly Newsletter

The accuracy of these reports has stayed pretty good over the years. However, with time, it seems that the performance of these tips and recommendations have seen a gradual decline.

Either the research team of the broker has seen a major shuffle or the focus of the broker towards its research has seen some sort of compromise.

Thus, at least initially, users are advised to double-check or cross-refer the tips provided by the broker before actually using them in their order executions.

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SMC Global Customer Care

The full-service stockbroker offers the following communication channels to its clients as listed:

• Email
• Toll-Free Number
• Offline branches
• Phone

As you can see that the communication channels are limited to the full-service stockbroker, which basically limits the way a client can reach out to SMC Global. At the same time, the quality of resolutions provided by the stockbroker is also pretty mediocre in nature.

The broker needs to work on the training of the support executives and make sure the user queries get addressed professionally and in quick time.

As far as the current feedback is concerned, users get a very generic form of communication and specific queries do not get addressed in a personalized manner.

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SMC Global Pricing

Pricing at SMC Global Online is just reasonable, both at the brokerage as well as account level. Transaction charges definitely are an area where the broker seems relatively expensive than the industry benchmarks. Users are advised to use their discretion while choosing a stockbroker.

At the same time, users MUST negotiate well with the executive before opening the account. There is always a room to get the charges of all types lowered to an extent.

SMC Global Account Opening Charges

To open an account with SMC Global, the following charges are levied to clients along with the specified annual maintenance charges (AMC):

 

SMC Global Brokerage

Being a full-service stockbroker, SMC Global charges a specific percentage of your trade value as brokerage charge.

 

Furthermore, as long as you can provide a higher initial deposit value of up to INR 50,000- Brokerage of SMC Global can go as low as 0.1% for delivery and 0.01% for intraday (although it all depends on your negotiation skills).

Use this SMC Global Online Brokerage Calculator for complete charges and your profit.

SMC Global Transaction Charges

 

This is one grey area in the overall pricing mechanism of SMC Global. The transaction charges are standard values set by SEBI and exchanges, however, brokers such as SMC charge additional percentages on top of the values specified.

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SMC Global Margin

 

This is one of the weakest links in case of this full-service stockbroker. SMC Global provides minimal exposure values to its clients thus, giving them almost no opportunity to make a profit(s) on top of their trading capital. Leverage is a mainstream concept and is used by a lot of users on a regular basis (it has its risks at the same time).

By providing minimal values of exposure, SMC Global creates a sense of disappointment for medium to heavy traders.

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SMC Global Disadvantages

Here are some of the concerns of using the services of this full-service stockbroker:

• They might ask for extra charges for using a few of their trading products
• Mobile trading on NSE not allowed (yet)

SMC Global Advantages

At the same time, here are some of the benefits of using the services of this full-service stockbroker:

• Aftermarket orders placement allowed
• Trading across multiple financial segments possible
• Decent range of trading platforms across devices
• Trading facility for NRIs allowed

Looking to open a demat account?

Provide your details in the form below and we will arrange a free callback for you right away!

 

Next Steps:

You need to provide a few documents to start your account opening process. The documents required are as follows:

1. ID Proof
2. An address proof
3. Bank statement for the last 6 months
4. Passport-sized photograph
5. AMC fees (if applicable)
6. Trading Account cheque

Once you are done with this, your account gets opened within 2-3 business days.

For more information, you can check this detailed review of documents required for demat account.

SMC Global Membership Information:

Here is the membership information of the broker with different exchanges and intermediate parties:

 

The details can be verified from the corresponding websites of the exchanges.

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SMC Global FAQs:

Here are some of the most frequently asked questions about this full-service stockbroker:

What is the account opening charge at SMC Global Online?

To SMC Global Demat account, you need to shell out one time cost of ₹499 while to maintain your trading account with the broker, you will be charged ₹300 every year.  Overall charges stay normal and around the industry average.

How is the brokerage calculated at SMC Global Online?

Since SMC Global is a full-service stockbroker, thus, they charge a percentage based brokerage rate. For instance, for delivery trades in Equity segment, you will be charged 0.3% of your trade value.

That implies, if you trade for ₹1,00,000 in delivery then you are supposed to pay ₹300 as brokerage charge.

Again from a full-service stockbroking industry standpoint, the brokerage stands at par with the average and can be further negotiated depending upon the initial trading account deposit and your negotiation skills.

What is the quality of customer service at SMC Global Online?

Customer support is one area where SMC Global falls flat with its generic messaging and communication to go along with a lack of skill set among the customer support executives.

The broker certainly has a lot to improve in this area; to know more, refer to ‘Customer Service’ section above.

Is SMC Global Online a trustable stockbroker? Is it reliable?

SMC Global is one of the oldest names in the full-service stockbroking space in India. It was established in the year 1994 and has had a long history of keeping a low customer complaint percentage.

For 2017, it is still somewhere around 0.07% of its around 75k active clients (marginally high than the industry average of 0.06%). Furthermore, the trading platforms offered by the broker are good in performance too. All and all, it can be termed as a trustable name.

Is SMC Global Online suitable for beginners?

It’s maybe.

The brokerage is low, it’s a trustable brand, research is good and so are the trading platforms. In a sense, most of the pre-conditions for a beginner user have been taken care of by the broker.

One thing that is equally important for new traders and investors is smooth customer service. This is where the broker falls flat on the face, for now.

Nonetheless, it’s up to the end-user and based on one’s requirements, the stockbroker can be used for trading services.

What exposure is offered by SMC Global Online to its clients?

Clients of SMC Global are not offered much exposure across segments. In fact for Equity Intraday, users get 10 times leverage of their trading account balance but in other segments, there is almost no exposure. Thus, users are advised to make their choice accordingly.

You can check out the comparisons of SMC Global online vs other stockbrokers here:

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SMC Global Branches

The full-service stockbroker has a presence in the following locations across India, including:

More on SMC Global Online:

If you are looking to know more about this broker, feel free to check the following links for reference: