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SMC Global Vs Indiabulls Subh – Which One is Better?

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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: 

  1. Call & trade facility available.
  2. General Insurance is available as another investment option.
  3. Charges are there for using featured products.
  4. No mobile trading facility available for trading in NSE.
  5. International presence based on Dubai. 

Indiabulls Subh: 

  1. No brokerage fee for trading in Equity, F&O, and Currency.
  2. Monthly fixed charges are there.
  3. Transparency in fee structure. No hidden charge.
  4. No interest in Marginal trading.
  5. Paperless account opening. 
Related Post:   Sharekhan Vs Indiabulls Venture (Subh)- Comparative Assessment

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 GlobalIndiabulls Ventures
Overall Rating★★★★★★★
Brokerage Charges★★★★★★
Trading Platform★★★★★★★★
Investments Offering★★★★★★★★
Customer Service★★★★★★
Broker Type Full-service BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX, NCDEXBSE, NSE, MCX, NCDEX
SMC Global Vs Indiabulls Subh Review

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. 

ParticularsSMC GlobalIndiabulls Ventures
Trading AOCINR. 1000INR.500
Trading AMCFreeFree
DEMAT AOCFreeFree
DEMAT AMCINR.300 PAINR.450 PA (2nd Year Onward)
Provide DP ServiceYESYES

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 TypesSMC GlobalIndiabulls Ventures
Multiple PlansNOYES
Monthly PlansNONO
Yearly PlansNONO

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. 

ParticularsSMC GlobalIndiabulls Ventures
Plan NameStandard Trading Plan (Percentage Based)Unlimited trading plan
Equity Delivery0.3% or 30 paisaINR.1000
Equity Intraday0.03% or 3 paisaInclude in Delivery
Equity Futures0.03% or 3 paisaINR.1000
Equity OptionsINR.70 Per LotInclude in Derivatives
Currency Futures0.03% or 3 paisaInclude in Derivatives
Currency OptionsINR.20 Per LotInclude in Derivatives
Commodity Trading0.03% or 3 paisaNA
Minimum BrokerageINR.25 per trade or 2.5% of the
trade value whichever is lower
NIL
Hidden ChargesInfo Not AvailableInfo Not Available
FundingYes – 18% interest PAInfo Not Available
Call & Trade ChargesFreeINR.15 per executed order

Also Read: Smc Global Vs Ventura Securities Comparison

Related Post:   Upstox Vs SBI Cap Securities Comparison: Find the Best Discount Broker

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. 

ParticularsSMC GlobalIndiabulls Ventures
Equity DeliveryINR.325 Per CrINR.325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.250 Per Cr
Equity OptionsINR.5000 Per CrINR.5500 Per Cr
Currency FuturesINR.110 Per CrINR.120 Per Cr
Currency OptionsINR.4000 Per CrINR.4500 Per Cr
CommodityNon-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.

ParticularsSMC GlobalIndiabulls Ventures
3 in 1 AccountNONO
ChartingYESYES
Algo TradingYESNO
SMS AlertsYESYES
Online DemoYESNO
Online PortfolioYESYES
Margin Trading Funding AvailableYESYES
Combined Ledger for Equity and CommodityYESYES
Intraday Square-off Time3:15 PM3:15 PM
NRI TradingYESYES
Other FeaturesNILMobile 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.

ParticularsSMC GlobalIndiabulls Ventures
Desktop Trading PlatformODIN DietPower Indiabulls
Desktop Platform (Windows)YESYES
Desktop Platform (Mac)NOYES
Web Trading PlatformYESYES
Web Trading Detailhttps://trade.smcindiaonline.com/easytrade/https://shubhtrade.indiabulls.com
Mobile SiteYESYES
Mobile TradingYESYES
Mobile Trading AppSMCEasyTradeIndiabulls Shubh
Android Mobile AppYESYES
iPhone Mobile App (IOS)YESYES
Android Tablet AppYESYES
iPad App (IOS)YESYES
Trading Software ChargesFreeInfo Not Available

Also Read: Indiabulls Venture Shubh Brokerage Calculator Online

Related Post:   Upstox Vs Nirmal Bang - Broker Comparison | Find Best Broker

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. 

ParticularsSMC GlobalIndiabulls Ventures
Equity Cash and F&OYESYES
Currency DerivativesYESYES
CommodityYESYES
Online IPO ApplicationNONO
Mutual FundsYESYES
Bond / NCDYESYES
ETFYESYES
BankingNONO
InsuranceYESYES
ForexNONO
MF SIP InvestmentYESYES
Equity SIP InvestmentNONO
PMS ServiceYESNO
Other Investment OptionsInsuranceNIL

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.

ParticularsSMC GlobalIndiabulls 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.  

ParticularsSMC GlobalIndiabulls Ventures
24/7 Customer Service NONO
Email Support YESYES
Online Live Chat NONO
Phone Support YESYES
Toll-Free Number YESNO
Through Branches YESYES
Customer Care Number 91-11-66075200Info Not Available
Account Opening Process Online/PaperlessInfo Not Available
Customer Support Email [email protected]Info Not Available
Knowledge Centre/Education smctradeonline.com/research/new-lettersInfo Not Available
Head Office Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Info Not Available
Website www.smctradeonline.comInfo Not Available
open indiabulls subh demat account

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 GlobalIndiabulls Ventures
DP SourceCDSLCDSL
DP ID 19100No
DEMAT AMCINR.250 paHoldings up to INR.50,000 – Nil
Holdings between INR.50,001 to INR.2,00,000 – INR.100
Advance DepositAMC will be charged in advance.Nil
Statutory chargesStamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)INR.120.02% of transaction value or INR.20 whichever is higher + INR.5.50 (CDSL Charges)
DEMATINR.3 per certificate + courier chargesINR.5 per certificate (Min INR.50 per request)
REMATINR.20 for every hundred securities + courier chargesINR.35 for every hundred securities
Pledge CreationINR.50 per instruction0.02% of transaction value or INR.35 whichever is higher
Pledge Creation ConfirmationINR.50 per instruction0.02% of transaction value or INR.35 whichever is higher
Pledge ClosureINR.25 per instruction0.02% of transaction value or INR.35 whichever is higher
Pledge Closure ConfirmationINR.25 per instruction0.02% of transaction value or INR.35 whichever is higher
Pledge InvocationINR.25 per instruction0.02% of transaction value or INR.35 whichever is higher
Failed Instruction ChargesINR.20Nil
Other ChargesNilNil

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. 

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