angel broking

SMC Global Vs Axis Direct – Comparative Methodical Assessment

angel broking

Introduction:

These companies are famous broking companies of share market. All the charges are different. But they provide almost all of the trading related services. A clear compare of SMC Global vs Axis Direct can lead to a better option.

SMC Global offers the Demat account for free. The brokerage charges are also low here. 

Axis Direct has better customer reviews and ratings. But you have to know in detail about them, to choose.

Comparative Assessment of Overall Segment-wise Overview:

An overall dinner of SMC Global vs Axis Direct is mentioned below.

 Marks out of 5 starSMC GlobalAxis Direct
Overall Rating
Rating on Brokerage Charges
Rating on Trading Platform
Rating on Investments Offering
Rating on Customer Service
Type of BrokerFull-service BrokerFull-service Broker
Supported SENSE, BSE, MCX, NCDEXBSE, NSE

Comparative Assessment of AOC & AMC:

SMC Global offers Demat account, for free. A general assessment of SMC Global and Axis Direct is listed below. 

Related Post:   Sharekhan Vs HDFC Securities: Comparative Analysis
ChargesSMC GlobalAxis Direct
Trading Account Opening Fees1000 Rupees999 Rupees
Trading AMCFreeFree
DEMAT Account Opening FeesFree650 Rupees
DEMAT AMC300 Rupees /annum750 Rupees/annum
(Waived for 1st year)
Provide DP ServiceAVAILABLEAVAILABLE
SMC Global Vs Axis Direct

Comparative Assessment of Brokerage Plan:

Only Axis Direct has a multiple brokerage plans. A comparison of these companies, regarding brokerage plans, is mentioned here.

Plan TypesSMC GlobalAxis Direct
Multiple PlansNOT AVAILABLEAVAILABLE
Monthly PlansNOT AVAILABLENOT AVAILABLE
Yearly PlansNOT AVAILABLENOT AVAILABLE

Comparative Assessment of Brokerage Charge: 

Brokerage charges are generally low in SMC Global. A relative study of SMC Global & Axis Direct is listed below.

ParticularsSMC Global Brokerage Axis Direct Brokerage
Plan NameStandard Trading Plan (Percentage Based)Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery0.3% or 0.3 Rupees0.5% or 0.5 Rupees
Equity Intraday0.03% or 0.03 Rupees0.05% or 0.05 Rupees
Equity Futures0.03% or 0.03 Rupees0.05% or 0.05 Rupees
Equity Options70 Rupees Per Lot10 Rupees Per Lot
Currency Futures0.03% or 0.03 Rupees0.05% or 0.05 Rupees
Currency Options20 Rupees Per Lot20 Rupees Per Lot
Commodity Trading0.03% or 0.03 RupeesFutures – .03 or 3 paisa, Options – 50 Rupees Per Lot
Minimum Brokerage25 Rupees per trade or 2.5% of the trade value whichever is lowerNIL
Hidden ChargesInfo Not AvailableNo
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFree20 calls Free and after that 20 Rupees per call

Comparative Assessment of Transaction Charges:

All the transactional charges are almost the same in both of these companies. A comparative study regarding transaction charges is listed below.

Related Post:   Zerodha Vs SMC Global – Comparison
ParticularsSMC GlobalAxis Direct
Equity DeliveryINR. 325 Per CrINR. 325 Per Cr
Equity IntradayINR. 325 Per CrINR. 325 Per Cr
Equity FuturesINR. 190 Per CrINR. 190 Per Cr
Equity OptionsINR. 5000 Per CrINR. 5000 Per Cr
Currency FuturesINR. 110 Per CrINR. 100 Per Cr
Currency OptionsINR. 4000 Per CrINR. 4000 Per Cr
CommodityNon-Agri: INR. 260 Per Cr 
Agri: INR.175 Per Cr

Also Read: SMC Global Margin Calculator Online

Comparative Assessment of Account Feature:

A relative assessment of SMC Global vs Axis Direct on account features is listed here. It includes charting, Algo trading, online demo, etc.

ParticularsSMC GlobalAxis Direct
3 in 1 AccountNOT AVAILABLEAVAILABLE
ChartingAVAILABLEAVAILABLE
Algo TradingAVAILABLENOT AVAILABLE
SMS AlertsAVAILABLEAVAILABLE
Online DemoAVAILABLEAVAILABLE
Online PortfolioAVAILABLEAVAILABLE
Margin Trading Funding AvailableAVAILABLEAVAILABLE
Combined Ledger for Equity and CommodityAVAILABLEAVAILABLE
Intraday Square-off Time3:15 PM2:45 PM
NRI TradingAVAILABLEAVAILABLE
Other FeaturesNILNIL

Comparative Assessment of Trading Terminals: 

Here is the comparative table on trading terminals is mentioned below.

ParticularsSMC GlobalAxis Direct
Desktop Trading PlatformODIN DietDIRECT Trade
Desktop Platform (Windows)AVAILABLEAVAILABLE
Desktop Platform (Mac)NOT AVAILABLENOT AVAILABLE
Web Trading PlatformAVAILABLEAVAILABLE
Web Trading Detailtrade.smcindiaonline.com/easytradelogin.axisdirect.in
Mobile SiteAVAILABLEAVAILABLE
Mobile TradingAVAILABLEAVAILABLE
Mobile Trading AppSMCEasyTradeAxisDirect Mobile
Android Mobile AppAVAILABLEAVAILABLE
iPhone Mobile App (IOS)AVAILABLEAVAILABLE
Android Tablet AppAVAILABLEAVAILABLE
iPad App (IOS)AVAILABLEAVAILABLE
Trading Software ChargesFreeYes, DirectTrade – INR.2999/annum

Also Read: Smc Global Vs Ventura Securities Comparison

Related Post:   OMNESYS NEST Vs. SAS Alpha Trader: A Comparison Of Two High-Tech Online Trading Platforms In India

Comparative Assessment of Products: 

Both of these companies offer so many trading-related products like ETF, banking, insurance, etc. A comparative study of SMC Global and Axis Direct regarding trading terminals is mentioned below.

ParticularsSMC GlobalAxis Direct
Equity Cash and F&OAVAILABLEAVAILABLE
Currency DerivativesAVAILABLEAVAILABLE
CommodityAVAILABLEAVAILABLE
Online IPO ApplicationNOT AVAILABLEAVAILABLE
Mutual FundsAVAILABLEAVAILABLE
Bond / NCDAVAILABLEAVAILABLE
ETFAVAILABLEAVAILABLE
BankingNOT AVAILABLEAVAILABLE
InsuranceAVAILABLEAVAILABLE
ForexNOT AVAILABLENOT AVAILABLE
MF SIP InvestmentAVAILABLEAVAILABLE
Equity SIP InvestmentNOT AVAILABLEAVAILABLE
PMS ServiceAVAILABLENOT AVAILABLE
Other Investment OptionsInsuranceNIL

Comparative Assessment of Leverage: 

Leverage or margin charges are important to maintain good trading revenue. Here is the compare of SMC Global & Axis Direct regarding leverage.

ParticularsSMC GlobalAxis Direct
Equity Delivery Margin Maximum 3x leverage for equity delivery – through Margin Funding method.Maximum 4x through Margin Funding system for T+30 days
Equity Intraday Margin Maximum 10x or 10% subject to Variable and ELM.Maximum 10x or 10% subject to Variable and ELM.
Futures Margin 1x or the particular SPAN + Leverage.1x or the particular SPAN + Leverage.
Options Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.
Equity CO Margin Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.
Futures CO Margin 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.
Options CO Margin 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.
Commodity Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.

Comparative Assessment of Customer Support: 

A comparative analysis of the customer support system of these companies is mentioned below.

Particulars SMC GlobalAxis Direct
24/7 Customer Service NOT AVAILABLENOT AVAILABLE
Email Support AVAILABLEAVAILABLE
Online Live Chat NOT AVAILABLEAVAILABLE
Phone Support AVAILABLEAVAILABLE
Toll-Free Number AVAILABLEAVAILABLE
Through Branches AVAILABLEAVAILABLE
Customer Care Number 91-11-66075200022-61480808
Account Opening Process Online/PaperlessOffline
Customer Support Email [email protected][email protected]
Knowledge Centre/Education smctradeonline.com/research/new-letterssimplehai.axisdirect.in/learn/overview
Head Office Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Unit No. 2, Phoenix Market City,
15, LBS Road, Near Kamani Junction,
Kurla (West), Mumbai- 400 070.
Website smctradeonline.comsimplehai.axisdirect.in
open axis demat acc

Comparative Assessment of DEMAT Account Feature: 

Demat account opening is the basic requirement of investing in the share market. SMC Global provides this account for free. A clear comparison of SMC Global vs Axis Direct is listed below.

 SMC GlobalAxis Direct
DP SourceFor SMC Global: CDSLFor Axis Direct: CDSL
DP ID For SMC Global: 19100For Axis Direct: 49200
DEMAT AMCFor SMC Global: 250 Rupees paFor Axis Direct: 500 Rupees pa
Advance DepositAMC will be charged in advance.Nil
Statutory chargesStamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)12 Rupees10 Rupees
DEMAT3 Rupees per certificate + courier charges3 Rupees per certificate
REMAT20 Rupees for every hundred securities + courier charges10 Rupees for every hundred securities (Min 10 Rupees)
Pledge Creation50 Rupees per instruction25 Rupees
Pledge Creation Confirmation50 Rupees per instruction25 Rupees
Pledge Closure25 Rupees per instruction25 Rupees
Pledge Closure Confirmation25 Rupees per instruction25 Rupees
Pledge Invocation25 Rupees per instructionNil
Failed Instruction Charges20 RupeesNil
Other ChargesNilNil

Conclusion: 

Both of these companies are providing trading services to investors.  There are so many products and features, provided by them. A clear comparison of SMC Global vs Axis Direct can lead you to choose the better one, as per your requirements.

angel broking