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 star | SMC Global | Axis Direct |
| Overall Rating | ★ ★ ★ | ★ ★ ★ ★ |
| Rating on Brokerage Charges | ★ ★ ★ | ★ ★ ★ ★ |
| Rating on Trading Platform | ★ ★ ★ | ★ ★ ★ ★ |
| Rating on Investments Offering | ★ ★ ★ | ★ ★ ★ ★ |
| Rating on Customer Service | ★ ★ ★ | ★ ★ ★ ★ |
| Type of Broker | Full-service Broker | Full-service Broker |
| Supported SE | NSE, BSE, MCX, NCDEX | BSE, 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.
| Charges | SMC Global | Axis Direct |
| Trading Account Opening Fees | 1000 Rupees | 999 Rupees |
| Trading AMC | Free | Free |
| DEMAT Account Opening Fees | Free | 650 Rupees |
| DEMAT AMC | 300 Rupees /annum | 750 Rupees/annum (Waived for 1st year) |
| Provide DP Service | AVAILABLE | AVAILABLE |
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 Types | SMC Global | Axis Direct |
| Multiple Plans | NOT AVAILABLE | AVAILABLE |
| Monthly Plans | NOT AVAILABLE | NOT AVAILABLE |
| Yearly Plans | NOT AVAILABLE | NOT 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.
| Particulars | SMC Global Brokerage | Axis Direct Brokerage |
| Plan Name | Standard Trading Plan (Percentage Based) | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.3% or 0.3 Rupees | 0.5% or 0.5 Rupees |
| Equity Intraday | 0.03% or 0.03 Rupees | 0.05% or 0.05 Rupees |
| Equity Futures | 0.03% or 0.03 Rupees | 0.05% or 0.05 Rupees |
| Equity Options | 70 Rupees Per Lot | 10 Rupees Per Lot |
| Currency Futures | 0.03% or 0.03 Rupees | 0.05% or 0.05 Rupees |
| Currency Options | 20 Rupees Per Lot | 20 Rupees Per Lot |
| Commodity Trading | 0.03% or 0.03 Rupees | Futures – .03 or 3 paisa, Options – 50 Rupees Per Lot |
| Minimum Brokerage | 25 Rupees per trade or 2.5% of the trade value whichever is lower | NIL |
| Hidden Charges | Info Not Available | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Free | 20 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.
| Particulars | SMC Global | Axis Direct |
| Equity Delivery | INR. 325 Per Cr | INR. 325 Per Cr |
| Equity Intraday | INR. 325 Per Cr | INR. 325 Per Cr |
| Equity Futures | INR. 190 Per Cr | INR. 190 Per Cr |
| Equity Options | INR. 5000 Per Cr | INR. 5000 Per Cr |
| Currency Futures | INR. 110 Per Cr | INR. 100 Per Cr |
| Currency Options | INR. 4000 Per Cr | INR. 4000 Per Cr |
| Commodity | Non-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.
| Particulars | SMC Global | Axis Direct |
| 3 in 1 Account | NOT AVAILABLE | AVAILABLE |
| Charting | AVAILABLE | AVAILABLE |
| Algo Trading | AVAILABLE | NOT AVAILABLE |
| SMS Alerts | AVAILABLE | AVAILABLE |
| Online Demo | AVAILABLE | AVAILABLE |
| Online Portfolio | AVAILABLE | AVAILABLE |
| Margin Trading Funding Available | AVAILABLE | AVAILABLE |
| Combined Ledger for Equity and Commodity | AVAILABLE | AVAILABLE |
| Intraday Square-off Time | 3:15 PM | 2:45 PM |
| NRI Trading | AVAILABLE | AVAILABLE |
| Other Features | NIL | NIL |
Comparative Assessment of Trading Terminals:
Here is the comparative table on trading terminals is mentioned below.
| Particulars | SMC Global | Axis Direct |
| Desktop Trading Platform | ODIN Diet | DIRECT Trade |
| Desktop Platform (Windows) | AVAILABLE | AVAILABLE |
| Desktop Platform (Mac) | NOT AVAILABLE | NOT AVAILABLE |
| Web Trading Platform | AVAILABLE | AVAILABLE |
| Web Trading Detail | trade.smcindiaonline.com/easytrade | login.axisdirect.in |
| Mobile Site | AVAILABLE | AVAILABLE |
| Mobile Trading | AVAILABLE | AVAILABLE |
| Mobile Trading App | SMCEasyTrade | AxisDirect Mobile |
| Android Mobile App | AVAILABLE | AVAILABLE |
| iPhone Mobile App (IOS) | AVAILABLE | AVAILABLE |
| Android Tablet App | AVAILABLE | AVAILABLE |
| iPad App (IOS) | AVAILABLE | AVAILABLE |
| Trading Software Charges | Free | Yes, DirectTrade – INR.2999/annum |
Also Read: Smc Global Vs Ventura Securities Comparison
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.
| Particulars | SMC Global | Axis Direct |
| Equity Cash and F&O | AVAILABLE | AVAILABLE |
| Currency Derivatives | AVAILABLE | AVAILABLE |
| Commodity | AVAILABLE | AVAILABLE |
| Online IPO Application | NOT AVAILABLE | AVAILABLE |
| Mutual Funds | AVAILABLE | AVAILABLE |
| Bond / NCD | AVAILABLE | AVAILABLE |
| ETF | AVAILABLE | AVAILABLE |
| Banking | NOT AVAILABLE | AVAILABLE |
| Insurance | AVAILABLE | AVAILABLE |
| Forex | NOT AVAILABLE | NOT AVAILABLE |
| MF SIP Investment | AVAILABLE | AVAILABLE |
| Equity SIP Investment | NOT AVAILABLE | AVAILABLE |
| PMS Service | AVAILABLE | NOT AVAILABLE |
| Other Investment Options | Insurance | NIL |
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.
| Particulars | SMC Global | Axis 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 Global | Axis Direct |
| 24/7 Customer Service | NOT AVAILABLE | NOT AVAILABLE |
| Email Support | AVAILABLE | AVAILABLE |
| Online Live Chat | NOT AVAILABLE | AVAILABLE |
| Phone Support | AVAILABLE | AVAILABLE |
| Toll-Free Number | AVAILABLE | AVAILABLE |
| Through Branches | AVAILABLE | AVAILABLE |
| Customer Care Number | 91-11-66075200 | 022-61480808 |
| Account Opening Process | Online/Paperless | Offline |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | smctradeonline.com/research/new-letters | simplehai.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.com | simplehai.axisdirect.in |
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 Global | Axis Direct | |
| DP Source | For SMC Global: CDSL | For Axis Direct: CDSL |
| DP ID | For SMC Global: 19100 | For Axis Direct: 49200 |
| DEMAT AMC | For SMC Global: 250 Rupees pa | For Axis Direct: 500 Rupees pa |
| Advance Deposit | AMC will be charged in advance. | Nil |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | 12 Rupees | 10 Rupees |
| DEMAT | 3 Rupees per certificate + courier charges | 3 Rupees per certificate |
| REMAT | 20 Rupees for every hundred securities + courier charges | 10 Rupees for every hundred securities (Min 10 Rupees) |
| Pledge Creation | 50 Rupees per instruction | 25 Rupees |
| Pledge Creation Confirmation | 50 Rupees per instruction | 25 Rupees |
| Pledge Closure | 25 Rupees per instruction | 25 Rupees |
| Pledge Closure Confirmation | 25 Rupees per instruction | 25 Rupees |
| Pledge Invocation | 25 Rupees per instruction | Nil |
| Failed Instruction Charges | 20 Rupees | Nil |
| Other Charges | Nil | Nil |
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.
