Introduction:
These are the famous broker companies of share market. They offer best options and facilities to their consumers. But to choose one of them, you need yo compare them from the root. A detailed comparative study of SMC Global vs Indiabulls Subh is described here.
SMC Global- a Delhi based stockbroker established in 2009. It has a PAN India presence with a network with more than 2300 sub-brokers and 51 branches in different states.
India Bulls Subh is a renowned discount broker offering very low brokerage plans to customers. It offers an unlimited trading plan, free trading platform, free call & trade facility, free research report & zero interest marginal funding. It has a base with more than 7 lakhs customer, 900 sub-broker and presence in 18+ cities of India.
Highlights:
SMC Global:
- Call & trade facility available.
- General Insurance is available as another investment option.
- Charges are there for using featured products.
- No mobile trading facility available for trading in NSE.
- International presence based on Dubai.
Indiabulls Subh:
- No brokerage fee for trading in Equity, F&O, and Currency.
- Monthly fixed charges are there.
- Transparency in fee structure. No hidden charge.
- No interest in Marginal trading.
- Paperless account opening.
Also Read: Angel Broking Vs Indiabulls Venture Shubh Comparison
Comparative Study of Organisational Overview:
We here compared SMC Global & Indiabulls (Subh) regarding their customer’s review sourced from different public platforms. Traders can get a basic concept of their real-time services and offerings.
| Marks out of 5 | SMC Global | Indiabulls Ventures |
| Overall Rating | ★★★ | ★★★★ |
| Brokerage Charges | ★★★ | ★★★ |
| Trading Platform | ★★★ | ★★★★★ |
| Investments Offering | ★★★ | ★★★★★ |
| Customer Service | ★★★ | ★★★ |
| Broker Type | Full-service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
Comparative Study of AOC & AMC:
Here we have compared SMC Global & Indiabulls (Subh) based on their AMC & AOC. Both offer free trading AMC & DEMAT AOC. But trading AOC & DEMAT AMC is chargeable.
| Particulars | SMC Global | Indiabulls Ventures |
| Trading AOC | INR. 1000 | INR.500 |
| Trading AMC | Free | Free |
| DEMAT AOC | Free | Free |
| DEMAT AMC | INR.300 PA | INR.450 PA (2nd Year Onward) |
| Provide DP Service | YES | YES |
Comparative Study of Brokerage Plan:
SMC Global doesn’t offer any brokerage plan. But Indiabulls (Subh) offers multiple brokerage plan options to the investors. SMC Global & Indiabulls (Subh) are hereby compared based on their brokerage plan offering.
| Plan Types | SMC Global | Indiabulls Ventures |
| Multiple Plans | NO | YES |
| Monthly Plans | NO | NO |
| Yearly Plans | NO | NO |
Comparative Study of Brokerage Fee:
SMC Global & Indiabulls (Subh) hereby compared based on brokerage charge. Indiabulls don’t charge minimum brokerage whereas SMC Global charges minimum brokerage.
| Particulars | SMC Global | Indiabulls Ventures |
| Plan Name | Standard Trading Plan (Percentage Based) | Unlimited trading plan |
| Equity Delivery | 0.3% or 30 paisa | INR.1000 |
| Equity Intraday | 0.03% or 3 paisa | Include in Delivery |
| Equity Futures | 0.03% or 3 paisa | INR.1000 |
| Equity Options | INR.70 Per Lot | Include in Derivatives |
| Currency Futures | 0.03% or 3 paisa | Include in Derivatives |
| Currency Options | INR.20 Per Lot | Include in Derivatives |
| Commodity Trading | 0.03% or 3 paisa | NA |
| Minimum Brokerage | INR.25 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 | Info Not Available |
| Call & Trade Charges | Free | INR.15 per executed order |
Also Read: Smc Global Vs Ventura Securities Comparison
Comparative Study of Transaction Fee:
SMC Global & Indiabulls (Subh) both charge various transaction charges according to the type of product. Here we compared both the brokers based on their transaction charges.
| Particulars | SMC Global | Indiabulls Ventures |
| 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.250 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5500 Per Cr |
| Currency Futures | INR.110 Per Cr | INR.120 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4500 Per Cr |
| Commodity | Non-Agri: INR.260 Per Cr Agri: INR.175 Per Cr | Non-Agri: INR.300 Per Cr Agri: INR.250 Per Cr |
Comparative Study of Account Feature:
Here we have compared SMC Global & Indiabulls (Subh) based on their different account feature offerings. It includes algo trading, SMS alerts, online demo, online portfolio, etc.
| Particulars | SMC Global | Indiabulls Ventures |
| 3 in 1 Account | NO | NO |
| Charting | YES | YES |
| Algo Trading | YES | NO |
| SMS Alerts | YES | YES |
| Online Demo | YES | NO |
| Online Portfolio | YES | YES |
| Margin Trading Funding Available | YES | YES |
| Combined Ledger for Equity and Commodity | YES | YES |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | YES | YES |
| Other Features | NIL | Mobile Application: Power Indiabulls Mobile |
Comparative Study of Trading Terminal:
In this age of technological advancement, SMC Global & Indiabulls (Subh) both offer various platforms so that the investors can invest with ease and also be sure about cybersecurity. Below we have compared both the brokers based on the various trading terminals.
| Particulars | SMC Global | Indiabulls Ventures |
| Desktop Trading Platform | ODIN Diet | Power Indiabulls |
| Desktop Platform (Windows) | YES | YES |
| Desktop Platform (Mac) | NO | YES |
| Web Trading Platform | YES | YES |
| Web Trading Detail | https://trade.smcindiaonline.com/easytrade/ | https://shubhtrade.indiabulls.com |
| Mobile Site | YES | YES |
| Mobile Trading | YES | YES |
| Mobile Trading App | SMCEasyTrade | Indiabulls Shubh |
| Android Mobile App | YES | YES |
| iPhone Mobile App (IOS) | YES | YES |
| Android Tablet App | YES | YES |
| iPad App (IOS) | YES | YES |
| Trading Software Charges | Free | Info Not Available |
Also Read: Indiabulls Venture Shubh Brokerage Calculator Online
Comparative Study of Products:
The trading products of these company, actually enhance your trading experience. Besides these make your trading easier. Assessing SMC Global & Indiabulls (Subh) in terms of product offering we get the below- mentioned comparison table.
| Particulars | SMC Global | Indiabulls Ventures |
| Equity Cash and F&O | YES | YES |
| Currency Derivatives | YES | YES |
| Commodity | YES | YES |
| Online IPO Application | NO | NO |
| Mutual Funds | YES | YES |
| Bond / NCD | YES | YES |
| ETF | YES | YES |
| Banking | NO | NO |
| Insurance | YES | YES |
| Forex | NO | NO |
| MF SIP Investment | YES | YES |
| Equity SIP Investment | NO | NO |
| PMS Service | YES | NO |
| Other Investment Options | Insurance | NIL |
Comparative Study of Leverage:
We hereby compared SMC Global & Indiabulls (Subh) based on the product-wise margin/leverage. This is also an important part to consider, before investing in a company.
| Particulars | SMC Global | Indiabulls Ventures |
| Equity Delivery Margin | Up to 3x leverage for equity delivery – via Margin Funding. | Info Not Available |
| Equity Intraday Margin | Up to 10x or 10% subject to Variable and ELM. | Up to 10x or 10% subject to Variable and ELM. |
| Futures Margin | 1x means actual SPAN + Exposure. | 1x means actual SPAN + Exposure. |
| Options Margin | 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. | 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. |
| Equity CO Margin | Up to 10x or 10% subject to Variable and ELM, no additional margin for Cover Order. | Up to 10x or 10% subject to Variable and ELM, no additional margin for Cover Order. |
| Futures CO Margin | 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order. | 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order. |
| Options CO Margin | 1x means actual SPAN + Exposure margin (Sell) or Premium Margin (Buy), No additional Margin for Options Cover Order. | 1x means actual SPAN + Exposure margin (Sell) or Premium Margin (Buy), No additional Margin for Options Cover Order. |
| Commodity Margin | 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. | 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. |
Also Read: Indiabulls Shubh Margin Calculator Online
Comparative Study of Customer Support:
Comparing SMC Global & Indiabulls (Subh) in terms of customer assistance program we get the below-mentioned data. Parameters are – Email support, Phone support, Offline branch, etc.
| Particulars | SMC Global | Indiabulls Ventures |
| 24/7 Customer Service | NO | NO |
| Email Support | YES | YES |
| Online Live Chat | NO | NO |
| Phone Support | YES | YES |
| Toll-Free Number | YES | NO |
| Through Branches | YES | YES |
| Customer Care Number | 91-11-66075200 | Info Not Available |
| Account Opening Process | Online/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Centre/Education | smctradeonline.com/research/new-letters | Info Not Available |
| Head Office Address | SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005 | Info Not Available |
| Website | www.smctradeonline.com | Info Not Available |
Comparative Study of DEMAT Account Feature:
Basic criteria for trading, is Demat account opening. Even some companies, provide this for free. SMC Global & India bulls (Subh) are hereby compared based on their respective DEMAT account offering.
| Particulars | SMC Global | Indiabulls Ventures |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | No |
| DEMAT AMC | INR.250 pa | Holdings up to INR.50,000 – Nil Holdings between INR.50,001 to INR.2,00,000 – INR.100 |
| Advance Deposit | AMC will be charged in advance. | Nil |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | INR.12 | 0.02% of transaction value or INR.20 whichever is higher + INR.5.50 (CDSL Charges) |
| DEMAT | INR.3 per certificate + courier charges | INR.5 per certificate (Min INR.50 per request) |
| REMAT | INR.20 for every hundred securities + courier charges | INR.35 for every hundred securities |
| Pledge Creation | INR.50 per instruction | 0.02% of transaction value or INR.35 whichever is higher |
| Pledge Creation Confirmation | INR.50 per instruction | 0.02% of transaction value or INR.35 whichever is higher |
| Pledge Closure | INR.25 per instruction | 0.02% of transaction value or INR.35 whichever is higher |
| Pledge Closure Confirmation | INR.25 per instruction | 0.02% of transaction value or INR.35 whichever is higher |
| Pledge Invocation | INR.25 per instruction | 0.02% of transaction value or INR.35 whichever is higher |
| Failed Instruction Charges | INR.20 | Nil |
| Other Charges | Nil | Nil |
Conclusion:
Both SMC Global (full-service broker) & India Bulls Subh (discount broker) offer various products & services to the investors. From the aforesaid comparative study, it is evident that though there are some similarities between their features but there are contrasts also. So an investor needs to study the features before investing.
