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SMC Global Vs Master Trust Comparison – Side by Side Compare

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Introduction:

These are two broker companies of share market. So many traders are experiencing different facilities and offerings with these organizations. A detailed comparison of SMC Global vs Master Trust can lead you to the better option.

Popular full-service broker SMC Global is a Delhi based broker incorporated in 1994. Being one of the oldest most share brokers of India, it has PAN-India presence with 61 branches, more than 2300 registered sub-brokers and uncountable customers. 

Conversely, Master Trust (incorporated in 1994) is also a full-service broker with more than 500 branches all over India. 

Highlights: 

SMC Global:

  1. Exchange in NSE & BSE is offered.
  2. Call & trade facility & NRI trading facility exist. 
  3. No presence of 3-in-1 account
  4. Special products are available at extra charge
  5. Supports their investor with a low bandwidth website to enable smooth trading experience using a slow internet connection. 

Master Trust

  1. Have the lowest brokerage charge.
  2. DEMAT account opening is free 
  3. Doesn’t charge a minimum brokerage fee
  4. Don’t have a 3-in-1 account.
  5. Don’t have any brokerage plan

Comparative Study on Service: 

We here have compared SMC Global & Master Trust based on the reviews ratings on their brokerage charge, trading platform, products & customer assistance.

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Rating out of 5SMC GlobalMaster Trust
Overall Rating3 out of 53 out of 5
Brokerage Charges3 out of 53 out of 5
Trading Platform3 out of 53 out of 5
Investments Offering3 out of 53 out of 5
Customer Service3 out of 53 out of 5
Broker Type Full-Service BrokerFull-Service Broker
SE Supported NSE, BSE, MCX, NCDEXNSE, BSE, MCX-SX, MCX, NCDEX
SMC Global vs Master Trust Review

Comparative Study on AOC & AMC: 

Both SMC Global & Master Trust free DEMAT account opening & free trading AMC. The comparison is charted here below:

ChargesSMC GlobalMaster Trust
Trading AOCINR.1000INR.555
Trading AMCFreeFree
DEMAT AOCFreeFree
DEMAT AMCINR.300 PAINR.300 PA
Provide DP ServiceYESYES

Comparison Brokerage Plan:

Brokerage plans are also different for these two organizations. SMC Global & Master Trust both don’t have any brokerage plan offering. 

Plan TypesSMC GlobalMaster Trust
Multiple PlansNONO
Monthly PlansNONO
Yearly PlansNONO

Also Read: SMC Global Brokerage Calculator Online

SMC Global Vs Master Trust Brokerage Charge: 

SMC Global & Master Trust offers a percentage based brokerage fee. Minimum brokerage is charged by SMC Global, whereas there is no minimum brokerage in Master Trust. Details as per the below table.

ParticularsSMC GlobalMaster Trust
Plan NameStandard Trading Plan
(Percentage Based)
Basic Trading Plan (Percentage Based)
Equity Delivery0.3% or 30 paisa0.1% or 10 paisa
Equity Intraday0.03% or 3 paisa0.01% or 1 paisa
Equity Futures0.03% or 3 paisa0.01% or 1 paisa
Equity OptionsINR.70 Per LotINR.10 Per Lot
Currency Futures0.03% or 3 paisa0.01% or 1 paisa
Currency OptionsINR.20 Per LotINR.5 Per Lot
Commodity Trading0.03% or 3 paisa0.01% or 1 paisa
Minimum BrokerageINR.25 per trade or 2.5% of the trade value whichever is lowerNIL
Hidden ChargesInfo Not AvailableInfo Not Available
FundingYes – 18% interest PAInfo Not Available
Call & Trade ChargesFreeInfo Not Available

Also Read: Master Trust Brokerage Calculator Online

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Comparative Study on Transaction Fee: 

SMC Global & Master Trust shares the same transaction fee structure product-wise. Details are furnished below: 

ParticularsSMC GlobalMaster Trust
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.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNon-Agri: INR.260 Per Cr |
Agri: INR.175 Per Cr
Non-Agri: INR.260 Per Cr |
Agri: INR.175 Per Cr

Comparative Study on Account Feature: 

SMC Global & Master Trust offers different account features for the well being of investors. Based on those features, we have compared both the organizations as hereunder. 

ParticularsSMC GlobalMaster Trust
3 in 1 Account facilityNONO
Charting facilityYESYES
Algo Trading serviceYESYES
SMS Alerts serviceYESYES
Online Demo facilityYESYES
Online Portfolio facilityYESYES
Margin Trading Funding AvailableYESYES
Combined Ledger for Equity and CommodityYESNO
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading facilityYESYES

Also Read: Smc Global Vs Ventura Securities Comparison

SMC Global Vs Master Trust Trading Platform: 

Both SMC Global & Master Trust have trading platforms (online) for the convenience of the customer. In terms of the trading terminal offering we are comparing the brokers. 

ParticularsSMC GlobalMaster Trust
Desktop Trading PlatformODIN DietOMNESYS NEST
Desktop Platform (Windows)YESYES
Desktop Platform (Mac)NONO
Web Trading PlatformYESYES
Web Trading Detailtrade.smcindiaonline.com/easytradedirect.mastermarts.com
Mobile SiteYESNO
Mobile TradingYESYES
Mobile Trading AppSMCEasyTrademaster mobile
Android Mobile AppYESYES
iPhone Mobile App (IOS)YESNO
Android Tablet AppYESYES
iPad App (IOS)YESNO
Trading Software ChargesFreeInfo Not Available

Compare Products Offering: 

SMC Global & Master Trust ensures different products to attract new investors and also to retain existing investors. Based on their product offering we have compared both the brokers as below: 

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ParticularsSMC GlobalMaster Trust
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 OptionsInsuranceMutual Funds and Insurance

SMC Global Vs Master Trust Leverage/Margin 

Leverage rate also matters for your trading revenue. Considering the leverage we have compared SMC Global & Master Trust as below: 

ParticularsSMC GlobalMaster Trust
Equity Delivery Margin Maximum 3x leverage for equity delivery – through Margin Funding system.Info Not Available
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 Study on Customer Assistance:

SMC Global & Master Trust has a very dedicated customer support team. Also, they provide various channels to assist their customers. Based on the customer supportiveness we compared both the broker as below: 

ParticularsSMC GlobalMaster Trust
24/7 Customer Service NONO
Email Support YESYES
Online Live Chat NOYES
Phone Support YESYES
Toll-Free Number YESYES
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 https://www.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 https://www.smctradeonline.comInfo Not Available
open master trust demat account

Comparative Study on DEMAT Account Feature: 

SMC Global & Master Trust offers DEMAT Account facility. Considering their DEMAT account offering we here have compared the brokers as below: 

 ParticularsSMC GlobalMaster Trust
DP SourceCDSLCDSL
DP ID 19100No
DEMAT AMCINR.250 paINR.5300 pa (Second Year Onwards)
Advance DepositAMC will be charged in advance.2500 Rupees for Scheme 555 Rupees for Scheme LF (For Individuals only) for Lime time AMC Free. 800 Rupees for scheme 800
Statutory chargesStamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)INR.12INR.50
DEMATINR.3 per certificate + courier chargesINR.3 per certificate + INR.20 per request
REMATINR.20 for every hundred securities + courier chargesINR.20 for every hundred securities or INR.20 per certificate (whichever is higher)
Pledge CreationINR.50 per instructionINR.50
Pledge Creation ConfirmationINR.50 per instructionNil
Pledge ClosureINR.25 per instructionINR.25
Pledge Closure ConfirmationINR.25 per instructionNil
Pledge InvocationINR.25 per instructionINR.25
Failed Instruction ChargesINR.20INR.20
Other ChargesNilNil
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Conclusion: 

Finally, from the aforesaid methodical study of SMC Global vs Master Trust, we can derive that both SMC Global & Master Trust offers numerous investment prospects to the traders. But it’s important to keep in mind that an investor should not only count the rating stars before investing. He should go through every detail before making the decision.

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