Incorporated in the year 1994, SMC Global is a full-service broker organization. It has a PAN India presence with more than 2300 registered sub-brokers and numerous customers.
Conversely, full-service broker Reliance Securities is a Mumbai based stockbroker. Known best for the finest quality research service to customers. Also it was awarded by Dun & Bradstreet as Largest E-Broking house of 2010.
Highlights:
SMC Global:
- Multiple trading options available.
- NRI Trading facility available.
- Research & advisory support given to customers.
- Margin trading facility available.
- Integrated account offering (DEMAT, Trading & savings)
Reliance Securities:
- Best for qualitative research service.
- ISO certification is available.
- Customer support is average.
- Commodity trading is available.
- User-friendly trading options.
Overall Overview:
SMC Global & Reliance Securities are hereby compared in terms of their segment wise performance. This comparison is sourced from customer reviews from various public sources.
| Rating out of 5 | SMC Global | Reliance Securities |
| Overall Rating | ★★★ | ★★★★ |
| Brokerage Charges | ★★★ | ★★★ |
| Trading Platform | ★★★ | ★★★★ |
| Investments Offering | ★★★ | ★★★★ |
| Customer Service | ★★★ | ★★★ |
| Broker Type | Full-Service Broker | Full-Service Broker |
| Exchanges Supported | NSE, BSE, MCX, NCDEX | BSE, NSE |
SMC Global Vs Reliance Securities AOF & AMC:
Both SMC Global & Reliance Securities offer free DEMAT account opening and free trading AMC. But the Trading account opening is chargeable and DEMAT AMC is also costly.
| Charges | SMC Global | Reliance Securities |
| Trading AOF | INR. 1000 | INR.950 |
| Trading AMC | Free | Free |
| DEMAT AOF | Free | Free |
| DEMAT AMC | INR.300 PA | INR.300 PA |
| Provide DP Service | ✓ | ✓ |
Methodical Assessment of Brokerage Plan:
| Plan Types | SMC Global | Reliance Securities |
| Multiple Plans | ❌ | ✓ |
| Monthly Plans | ❌ | ❌ |
| Yearly Plans | ❌ | ❌ |
SMC Global Vs Reliance Securities Brokerage Charge:
Brokerage plans are a vital point for the investors to decide for investment. Both SMC Global & Reliance Securities offer percentage-based brokerage plans. The comparison is mentioned hereunder:
| Particulars | SMC Global | Reliance Securities |
| Plan Name | Standard Trading Plan (Percentage Based) | R-FIXED Online Trading Plan (Percentage Based) |
| Equity Delivery | 0.3% or 30 paisa | 0.4% or 40 paisa |
| Equity Intraday | 0.03% or 3 paisa | 0.04% or 4 paisa |
| Equity Futures | 0.03% or 3 paisa | 0.04% or 4 paisa |
| Equity Options | INR.70 Per Lot | INR.100 Per Lot |
| Currency Futures | 0.03% or 3 paisa | 0.04% or 4 paisa |
| Currency Options | INR.20 Per Lot | INR.100 Per Lot |
| Commodity Trading | 0.03% or 3 paisa | 0.04% or 4 paisa |
| Minimum Brokerage | INR.25 per trade or 2.5% of the trade value whichever is lower | 5 paisa per share |
| Hidden Charges | Info Not Available | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Free | Free First 20 call PM and INR.20 their onwards. |
Also Read: Reliance Security Brokerage Calculator Online
Methodical Assessment of Transaction Charges:
Transaction charges of SMC Global & Reliance Securities are the same as each other in every criterion, such as- equity delivery, equity intraday, equity futures, equity options, currency futures, and currency options & commodity.
| Particulars | SMC Global | Reliance Securities |
| 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 Per Cr Agri: INR.175 Per Cr | Non-Agri: INR.260 Per Cr Agri: INR.175 Per Cr |
Also Read: SMC Global Vs Axis Direct – Comparative Methodical Assessment
Methodical Assessment of Account Feature:
Based on Account features, SMC Global & Reliance Securities are compared as here below:
| Particulars | SMC Global | Reliance Securities |
| 3 in 1 Account | ❌ | ❌ |
| Charting | ✓ | ✓ |
| Algo Trading | ✓ | ❌ |
| SMS Alerts | ✓ | ✓ |
| Online Demo | ✓ | ✓ |
| Online Portfolio | ✓ | ✓ |
| Margin Trading Funding Available | ✓ | ✓ |
| Combined Ledger for Equity and Commodity | ✓ | ✓ |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✓ | ✓ |
| Other Features | NIL | Mobile Application: Rmobile Xpress |
Comparison of Trading Platform:
Nowa-\days every new-age investors are tech-savvy and prefer to use digital platforms to trade securely and conveniently. SMC Global & Reliance Securities provides a different trading platform for the customers so that they can have a variety of options to choose from.
| Particulars | SMC Global | Reliance Securities |
| Desktop Trading Platform | ODIN Diet | InstaXpress |
| Desktop Platform (Windows) | ✓ | ✓ |
| Desktop Platform (Mac) | ❌ | ❌ |
| Web Trading Platform | ✓ | ✓ |
| Web Trading Detail | smcindiaonline.com/easytrade | tick.rsec.co.in |
| Mobile Site | ✓ | ✓ |
| Mobile Trading | ✓ | ✓ |
| Mobile Trading App | SMCEasyTrade | TICK PRO |
| Android Mobile App | ✓ | ✓ |
| iPhone Mobile App (IOS) | ✓ | ✓ |
| Android Tablet App | ✓ | ✓ |
| iPad App (IOS) | ✓ | ✓ |
| Trading Software Charges | Free | Free |
Methodical Assessment of Investment Offering:
Assessing SMC Global & Reliance Securities based on the investment products we get these details. Reliance Securities doesn’t offer any other investment apart from stockbroking. SMC Global has an insurance investment option available apart from regular products.
| Particulars | SMC Global | Reliance Securities |
| Equity Cash and F&O | ✓ | ✓ |
| Currency Derivatives | ✓ | ✓ |
| Commodity | ✓ | ✓ |
| Online IPO Application | ❌ | ❌ |
| Mutual Funds | ✓ | ✓ |
| Bond / NCD | ✓ | ✓ |
| ETF | ✓ | ✓ |
| Banking | ❌ | ❌ |
| Insurance | ✓ | ✓ |
| Forex | ❌ | ❌ |
| MF SIP Investment | ✓ | ✓ |
| Equity SIP Investment | ❌ | ✓ |
| PMS Service | ✓ | ✓ |
| Other Investment Options | Insurance | NIL |
SMC Global Vs Reliance Securities Leverage/Margin
Leverage rates are also different. In trading, you can face different facility or benefits, for different margin rates. Comparing SMC Global & Reliance Securities in terms of leverage we get the below-mentioned details.
| Particulars | SMC Global | Reliance Securities |
| Equity Delivery Margin | Maximum 3x leverage for equity delivery – through Margin Funding service. | Maximum 4x via Margin Funding service. |
| 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 particular SPAN + leverage rate. | 1x or particular SPAN + leverage rate. |
| Options Margin | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or 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 particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. |
| Options CO Margin | 1x or 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 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 particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Also Read: Reliance Securities Margin Calculator Online
Methodical Assessment of Customer Support:
SMC Global & Reliance Securities here compared in terms of their customer supportiveness. Both offer similar support terminals to their customer, only SMC Global doesn’t enable the live chat support facility.
| Particulars | SMC Global | Reliance Securities |
| 24/7 Customer Service | ❌ | ❌ |
| Email Support | ✓ | ✓ |
| Online Live Chat | ❌ | ✓ |
| Phone Support | ✓ | ✓ |
| Toll-Free Number | ✓ | ✓ |
| Through Branches | ✓ | ✓ |
| Customer Care Number | 91-11-66075200 | 022 39886000 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | smctradeonline.com/research/new-letters | |
| Head Office Address | SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005 | Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
| Website | smctradeonline.com | reliancesmartmoney.com |
Also Read: SMC Global Margin Calculator Online
DEMAT Account Feature:
As per the below-mentioned comparison between SMC Global & Reliance Securities, both offer different features in their DEMAT offering. Refer to the table for details.
| Particulars | SMC Global | Reliance Securities |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | 41400 |
| DEMAT AMC | INR.250 pa | INR.300 pa |
| Advance Deposit | AMC will be charged in advance. | Nil |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | INR.12 | 0.04% (Min INR.27) + CDSL charges |
| DEMAT | INR.3 per certificate + courier charges | INR.5 per certificate + INR.30 request charges |
| REMAT | INR.20 for every hundred securities + courier charges | INR.40 for every hundred securities or INR.25 per certificate (whichever is higher) + INR.25 courier charges |
| Pledge Creation | INR.50 per instruction | 0.05% of the transaction value (Min INR.30) |
| Pledge Creation Confirmation | INR.50 per instruction | 0.05% of transaction value (Min INR.30) |
| Pledge Closure | INR.25 per instruction | 0.05% of the transaction value (Min INR.30) |
| Pledge Closure Confirmation | INR.25 per instruction | 0.05% of transaction value (Min INR.30) |
| Pledge Invocation | INR.25 per instruction | 0.05% of the transaction value (Min INR.30) |
| Failed Instruction Charges | INR.20 | Nil |
| Other Charges | Nil | Nil |
Conclusion:
SMC Global & Reliance Securities both are a renowned name in the full-service broking industry. But the benefit is a very relative thing. So every single investor should keep his choice as per his priorities and need. This clear relative analysis can help in choosing.
