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SMC Global Vs Reliance Securities Comparison – Side by Side Compare

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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:

  1. Multiple trading options available.
  2. NRI Trading facility available. 
  3. Research & advisory support given to customers.
  4. Margin trading facility available.
  5. Integrated account offering (DEMAT, Trading & savings)

Reliance Securities: 

  1. Best for qualitative research service.
  2. ISO certification is available.
  3. Customer support is average. 
  4. Commodity trading is available. 
  5. 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 5SMC GlobalReliance Securities
Overall Rating★★★★★★★
Brokerage Charges★★★★★★
Trading Platform★★★★★★★
Investments Offering★★★★★★★
Customer Service★★★★★★
Broker Type Full-Service BrokerFull-Service Broker
Exchanges Supported NSE, BSE, MCX, NCDEXBSE, NSE
SMC Global Vs Reliance Securities Review

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. 

Related Post:   Profit Mart Vs Finvasia Comparison: Demat, Brokerage, Margin
ChargesSMC GlobalReliance Securities
Trading AOFINR. 1000INR.950
Trading AMCFreeFree
DEMAT AOFFreeFree
DEMAT AMCINR.300 PAINR.300 PA
Provide DP Service

Methodical Assessment of Brokerage Plan:

Plan TypesSMC GlobalReliance 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: 

ParticularsSMC GlobalReliance Securities
Plan NameStandard Trading Plan (Percentage Based)R-FIXED Online Trading Plan (Percentage Based)
Equity Delivery0.3% or 30 paisa0.4% or 40 paisa
Equity Intraday0.03% or 3 paisa0.04% or 4 paisa
Equity Futures0.03% or 3 paisa0.04% or 4 paisa
Equity OptionsINR.70 Per LotINR.100 Per Lot
Currency Futures0.03% or 3 paisa0.04% or 4 paisa
Currency OptionsINR.20 Per LotINR.100 Per Lot
Commodity Trading0.03% or 3 paisa0.04% or 4 paisa
Minimum BrokerageINR.25 per trade or 2.5% of the trade value whichever is lower5 paisa per share
Hidden ChargesInfo Not AvailableNo
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFreeFree 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.

Related Post:   SMC Global Vs Edelweiss Comparison - Side by Side Compare
ParticularsSMC GlobalReliance Securities
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

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: 

ParticularsSMC GlobalReliance 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 Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILMobile 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.  

ParticularsSMC GlobalReliance Securities
Desktop Trading PlatformODIN DietInstaXpress
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailsmcindiaonline.com/easytradetick.rsec.co.in
Mobile Site
Mobile Trading
Mobile Trading AppSMCEasyTradeTICK PRO
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

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. 

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ParticularsSMC GlobalReliance 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 OptionsInsuranceNIL

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.

ParticularsSMC GlobalReliance 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

open reliance demat account

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. 

ParticularsSMC GlobalReliance Securities
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll-Free Number 
Through Branches 
Customer Care Number 91-11-66075200022 39886000
Account Opening Process Online/PaperlessOnline/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.comreliancesmartmoney.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. 

 ParticularsSMC GlobalReliance Securities
DP SourceCDSLCDSL
DP ID 1910041400
DEMAT AMCINR.250 paINR.300 pa
Advance DepositAMC will be charged in advance.Nil
Statutory chargesStamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)INR.120.04% (Min INR.27) + CDSL charges
DEMATINR.3 per certificate + courier chargesINR.5 per certificate + INR.30 request charges
REMATINR.20 for every hundred securities + courier chargesINR.40 for every hundred securities or INR.25 per certificate (whichever is higher) + INR.25 courier charges
Pledge CreationINR.50 per instruction0.05% of the transaction value (Min INR.30)
Pledge Creation ConfirmationINR.50 per instruction0.05% of transaction value (Min INR.30)
Pledge ClosureINR.25 per instruction0.05% of the transaction value (Min INR.30)
Pledge Closure ConfirmationINR.25 per instruction0.05% of transaction value (Min INR.30)
Pledge InvocationINR.25 per instruction0.05% of the transaction value (Min INR.30)
Failed Instruction ChargesINR.20Nil
Other ChargesNilNil

 

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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.

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