Introduction:
These are two famous companies in the share market. There are so many major and also short differences in every corner. They offer different brokerage charges and also a different margin for investments.
Also, the charge is different in Demat AMC. So with a relative study of SMC Global vs Nirmal Bang, an investor or trader will get an overview, which will lead him/her, to choose the better one.
SMC Global is a very renowned company with so many account features and specifications.
It comes almost with all the facilities and offerings, available in the market. With a great customer support team, it provides a great support system to its customers.
Nirmal Bang provides almost the same charges. But in terms of facilities and features, it has some differences, which can influence your trading experience.
Assessment on Service:
In terms of services, SMC Global and Nirmal Bang have some differences. But when we consider the customer reviews and ratings, we can see a close position of these organizations. A relative study is listed below.
| Rating out of 5 | SMC Global | Nirmal Bang |
| Overall Rating | 3 out of 5 | 3 out of 5 |
| Brokerage Charges | 3 out of 5 | 3 out of 5 |
| Trading Platform | 3 out of 5 | 3 out of 5 |
| Investments Offering | 3 out of 5 | 3 out of 5 |
| Customer Service | 3 out of 5 | 3 out of 5 |
| Broker Type | Full-Service Broker | Full-Service Broker |
| Exchanges Supported | NSE, BSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
SMC Global Vs Nirmal Bang AOF & AMC:
Demat account and AMC charges are very important for every trader because it is the basic step to open the Demat account. In this case, SMC Global & Nirmal Bang also have some similarities. A detailed table is mentioned below.
| Charges | SMC Global | Nirmal Bang |
| Trading AOF | INR. 1000 | Free |
| Trading AMC | Free | Free |
| DEMAT AOF | Free | Free |
| DEMAT AMC | INR. 300 PA | INR. 200 PA |
| Provide DP Service | YES | YES |
SMC Global Vs Nirmal Bang Brokerage Plan:
Almost all of the common brokerage plans are not provided by both of these organizations. A comparative table of SMC Global vs Nirmal Bang is detailed below.
| Plan Types | SMC Global | Nirmal Bang |
| Multiple Brokerage Plans | Not Provided | Not Provided |
| Monthly Brokerage Plans | Not Provided | Not Provided |
| Yearly Brokerage Plans | Not Provided | Not Provided |
Also Read: SMC Global Brokerage Calculator Online
SMC Global Vs Nirmal Bang Brokerage Charges Comparison
There is a big difference in almost all of the brokerage charges. Nirmal Bang comparatively charges less percentage on brokerage charges. A detailed study is listed below between SMC Global vs Nirmal Bang.
| Particulars | SMC Global | Nirmal Bang |
| Plan Name | Standard Trading Plan (Percentage Based) | Basic Trading Plan (Percentage Based) |
| Equity Delivery | 0.3% or 0.3 Rupees | 0.2% or 0.2 Rupees |
| Equity Intraday | 0.03% or 0.03 Rupees | 0.02% or 0.02 Rupees |
| Equity Futures | 0.03% or 0.03 Rupees | 0.02% or 0.02 Rupees |
| Equity Options | 70 Rupees Per Lot | 100 Rupees Per Lot |
| Currency Futures | 0.03% or 0.03 Rupees | 0.02% or 0.02 Rupees |
| Currency Options | 20 Rupees Per Lot | 20 Rupees Per Lot |
| Commodity Trading | 0.03% or 0.03 Rupees | 0.02% or 0.02 Rupees |
| 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 | Info Not Available |
| Call & Trade Charges | Free | Info Not Available |
Also Read: Nirmal Bang Brokerage Calculator Online
Assessment on Transaction Charge:
Again, the transaction charges are almost the same in price, in these organizations. Different offerings are mentioned below.
| Particulars | SMC Global | Nirmal Bang |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 190 Rupees Per Cr | 190 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 5000 Rupees Per Cr |
| Currency Futures | 110 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options | 4000 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr | Non-Agri: Rupees 260 Per Cr Agri: Rupees 175 Per Cr |
Assessment on Account Feature:
Account features and specifications are very essential to use a trading account properly. Both of SMC Global and Nirmal Bang offers so many essential features to their customers and enhance their trading experience.
| Particulars | SMC Global | Nirmal Bang |
| 3 in 1 Account facility | ||
| Charting facility | ✔ | ✔ |
| Algo Trading facility | ✔ | ✔ |
| SMS Alerts Service | ✔ | ✔ |
| Online Demo Service | ✔ | ✔ |
| Online Portfolio facility | ✔ | |
| Margin Trading Funding Availability | ✔ | ✔ |
| Combined Ledger for Equity and Commodity | ✔ | |
| Intraday Square-off Time facility | 3:15 PM | 3:15 PM |
| NRI Trading facility | ✔ |
SMC Global Vs Nirmal Bang Trading Terminal:
The availability of several trading terminals is important to continue your trading from anywhere and anytime. It includes a desktop platform, web trading platform, Mobile site, etc. The relative comparison is listed below.
| Particulars | SMC Global | Nirmal Bang |
| Desktop Trading Platform | ODIN Diet | ODIN Diet |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ||
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | trade.smcindiaonline.com/easytrade | nbtrade.nirmalbang.net/netnetlite |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | SMCEasyTrade | Beyond |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | |
| Trading Software Charges | Free | Info Not Available |
Comapre Product:
SMC Global provides some extra products to its customers. Besides Nirmal Bang also offers a lot. A comparative table is listed below.
| Particulars | SMC Global | Nirmal Bang |
| Equity Cash and F&O Availability | ✔ | ✔ |
| Currency Derivatives Availability | ✔ | ✔ |
| Commodity Availability | ✔ | ✔ |
| Online IPO Application Availability | ||
| Mutual Funds Availability | ✔ | ✔ |
| Bond / NCD Availability | ✔ | ✔ |
| ETF Availability | ✔ | ✔ |
| Banking Facility | ||
| Insurance service | ✔ | |
| Forex Availability | ||
| MF SIP Investment facility | ✔ | |
| Equity SIP Investment service | ||
| PMS Service Availability | ✔ | |
| Other Investment Options Availability | Insurance | NIL |
SMC Global Vs Nirmal Bang Leverage/Margin
Margin rates are also very much considerable when you are investing in a specific company. A relative comparison of SMC Global & Nirmal Bang is mentioned below.
| Particulars | SMC Global | Nirmal Bang |
| Equity Delivery Margin | Maximum 3x leverage for equity delivery – conduct 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 specific SPAN + Leverage. | 1x or specific SPAN + Leverage. |
| Options Margin | 1x or specific SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or specific 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 charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, no further charges are included for Cover Order. |
| Futures CO Margin | 1x or specific SPAN + Exposure margin, No further charges are included for Futures Cover Order. | 1x or specific SPAN + Exposure margin, No additional Margin for Futures Cover Order. |
| Options CO Margin | 1x or specific SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further charges are included for Options Cover Order. | 1x or specific SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further charges are included for Options Cover Order. |
| Commodity Margin | 1x or specific SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or specific SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Also Read: Nirmal Bang Margin Calculator Online
Assessment on Customer Assistance:
Customer assistance is very important to get rid of any account or trading-related problems. A relative study of SMC Global and Nirmal Bang regarding margin is mentioned below.
| Particulars | SMC Global | Nirmal Bang |
| 24/7 Customer Service | ||
| Email Support | ✔ | ✔ |
| Online Live Chat | ||
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✔ | |
| Through Branches | ✔ | ✔ |
| 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 | smctradeonline.com | Info Not Available |
Assessment on DEMAT Account Feature:
Without a Demat account, no one can start trading. Some companies offer this, for free. SMC Global and Nirmal Bang have also the account opening facility in different charges. A relative table is detailed below.
| Particulars | SMC Global | Nirmal Bang |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | No |
| DEMAT AMC | INR.250 pa | INR.200 pa or INR.1000 for lifetime AMC |
| Advance Deposit | AMC will be charged in advance. | NIL |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | INR.12 | 0.03% of the transaction value (Min INR.15) |
| DEMAT | INR.3 per certificate + courier charges | INR.40 per DEMAT request + INR.40 for additional 50 certificate |
| REMAT | INR.20 for every hundred securities + courier charges | 0.04% of the value or INR.15 per certificate (whichever is higher) |
| Pledge Creation | INR.50 per instruction | 0.02% of the transaction value (Min INR.100) |
| Pledge Creation Confirmation | INR.50 per instruction | Nil |
| Pledge Closure | INR.25 per instruction | 0.02% of the transaction value (Min INR.100) |
| Pledge Closure Confirmation | INR.25 per instruction | Nil |
| Pledge Invocation | INR.25 per instruction | 0.02% of the transaction value (Min INR.100) |
| Failed Instruction Charges | INR.20 | Nil |
| Other Charges | Nil | Nil |
Conclusion:
The detailed relative study of SMC Global and Nirmal Bang shows the differences in terms of all offerings. It shows the benefits as well as the drawbacks, in comparison to each other.
It guides will guide you to choose one of them by proper documentation and research. It must be beneficial for you. You can experience the best facilities and can enhance your overall experience while trading.
