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SMC Global and Edelweiss are two famous organizations of share market. They are serving investors from several years with their services. Trading account opening charges to margin rates, everything is important to choose one of them. This relative study can help you to choose the best, as per your need.
SMC Global has a great customer support service. Besides, it provides all trading or investment related features and facilities.
Edelweiss has a greater customer rating on different platforms. It also comes with all trading-related services and charges.
A trader can get a basic overview by the customer ratings. A relative table is mentioned below.
|Grade out of 5 star||SMC Global||Edelweiss|
|Customer Rating on Brokerage Charges||★★★||★★★|
|Customer Rating on Trading Platform||★★★||★★★★|
|Customer Rating on Investments Offering||★★★||★★★★|
|Customer Rating on Customer Service||★★★||★★★★|
|Broker Type||Full-service Broker||Full-service Broker|
|Exchanges Supported||NSE, BSE, MCX, NCDEX||BSE, NSE, MCX, NCDEX|
SMC Global Vs Edelweiss AOC & AMC:
AOC and AMC charge also influence the investment as well as the trading revenue. A detailed study, of SMC Global vs Edelweiss regarding AMC and AOC is mentioned below.
|Trading Account Opening Fees||1000 Rupees||Free of cost|
|Trading AMC Fees||Free of cost||Free of cost|
|DEMAT Account Opening Fees||Free of cost||Free of cost|
|DEMAT AMC Fees||300 Rupees PA||300 Rupees pa (Second Year Onward)|
|Provide DP Service||YES||YES|
Comparison of Brokerage Plan:
Several brokerage plans are offered by different broking companies in the share market. A relative study is written here.
SMC Global Vs Edelweiss Brokerage Charges:
Different brokerage charges are offered by SMC Global and Edelweiss. It includes equity delivery, equity intraday, equity options, currency options, etc. A detailed comparison is mentioned below.
|Plan Name||Standard Trading Plan (Percentage Based)||Edelweiss Lite|
|Equity Delivery||0.3% or 0.3 Rupees||10 Rupees / 0.01% whichever lower|
|Equity Intraday||0.03% or 0.03 Rupees||10 Rupees / 0.01% whichever lower|
|Equity Futures||0.03% or 0.03 Rupees||10 Rupees / 0.01% whichever lower|
|Equity Options||70 Rupees/Lot||Flat Fee 10 Rupees|
|Currency Futures||0.03% or 0.03 Rupees||10 Rupees / 0.01% whichever lower|
|Currency Options||20 Rupees/Lot||Flat Fee 10 Rupees|
|Commodity Trading||0.03% or 0.03 Rupees||NA|
|Minimum Brokerage||25 Rupees per trade or 2.5% of the trade value whichever is lower||NIL|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Yes – 18% interest PA||Yes – 24% interest PA|
|Call & Trade Charges||Free of cost||Free of cost|
Also Read: Edelweiss Brokerage Calculator Online
Assessment of Transaction Charge:
Transaction charges are almost same for both of these companies. A relative study on transaction charges of SMC Global vs Edelweiss is mentioned below.
|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.110 Per Cr|
|Currency Options||INR.4000 Per Cr||INR.4000 Per Cr|
|Commodity||Non-Agri: INR.260/Cr Agri: INR.175/Cr||Non-Agri: INR.260/Cr Agri: INR.175/Cr|
SMC Global Vs Edelweiss Account Feature:
All the trading account features are important to handle and control your trading account properly. A relative comparison of SMC Global and Edelweiss is here.
|3 in 1 Account facility||🗶||🗶|
|Algo Trading facility||✔||✔|
|SMS Alerts service||✔||✔|
|Online Demo facility||✔||✔|
|Online Portfolio service||✔||✔|
|Margin Trading Funding Availability||✔||✔|
|Combined Ledger for Equity and Commodity||✔||🗶|
|Intraday Square-off Time service||3:15PM||3:15PM|
|NRI Trading facility||✔||✔|
Compare Trading Terminal:
Trading terminals are also important to know. A comparative study is mentioned below.
|Desktop Trading Platform||ODIN Diet||Xtreme Trader|
|Desktop Platform (Windows)||✔||✔|
|Desktop Platform (Mac)||🗶||🗶|
|Web Trading Platform||✔||✔|
|Web Trading Detail||trade.smcindiaonline.com/easytrade/||tlounge.edelweiss.in/Login|
|Mobile Trading App||SMCEasyTrade||Edelweiss Mobile Trader|
|Android Mobile App||✔||✔|
|iPhone Mobile App (IOS)||✔||✔|
|Android Tablet App||✔||✔|
|iPad App (IOS)||✔||✔|
|Trading Software Charges||Free||Free|
Assessment of Product:
A comparative study of SMC Global & Edelweiss is mentioned below.
|Equity Cash and F&O||✔||✔|
|Online IPO Application||🗶||🗶|
|Bond / NCD||✔||✔|
|MF SIP Investment||✔||✔|
|Equity SIP Investment||🗶||✔|
|Other Investment Options||Insurance||NIL|
SMC Global Vs Edelweiss Leverage/Margin
Leverage rates can affect your trading revenue. Go through a comparative study of these organizations regarding margin or leverage.
|Equity Delivery Margin||Maximum 3x leverage for equity delivery – through Margin Funding system.||Maximum 10x leverage for equity delivery – through Margin Funding method.|
|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.|
Also Read: Edelweiss Margin Calculator Online
Assessment of Customer Support:
A relative analysis of SMC Global and Edelweiss is mentioned below.
|24/7 Customer Service||🗶||🗶|
|Online Live Chat||🗶||🗶|
|Toll Free Number||✔||✔|
|Customer Care Number||91-11-66075200||040-4905-9999|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||SMC Global Securities Ltd|
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Off CST Road,
Mumbai – 400098
Assessment of DEMAT Account Feature:
Some companies provide this account for free of cost. A comparative study is mentioned here.
|DEMAT AMC||250 Rupees pa||Free (1500 Rupees one-time charges)|
|Advance Deposit||AMC will be charged in advance.||NIL|
|Statutory charges||Stamp Paper Charges||Nil|
|Transaction Charges on Debit (Per ISIN)||12 Rupees||0.02% of transaction value or 20 Rupees/transaction whichever is higher|
|DEMAT||3 Rupees/certificate + courier charges||2 Rupees/certificate + 30 Rupees courier charges|
|REMAT||20 Rupees for every hundred securities + courier charges||10 Rupees for every hundred securities after that 10 Rupees/request + 30 Rupees request charges|
|Pledge Creation||50 Rupees per instruction||0.02% of the transaction value (Min 50 Rupees)|
|Pledge Creation Confirmation||50 Rupees/instruction||Nil|
|Pledge Closure||25 Rupees/instruction||0.02% of the transaction value (Min 50 Rupees)|
|Pledge Closure Confirmation||25 Rupees/instruction||Nil|
|Pledge Invocation||25 Rupees/instruction||0.02% of the transaction value (Min 50 Rupees)|
|Failed Instruction Charges||20 Rupees||Nil|
These are two famous companies of the share market. This Comparison of SMC Global vs Edelweiss can carry you to the details. This will lead you to choose the best one for you.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.