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SMC Global Vs Samco Comparison – Side by Side Compare

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Introduction:

Both of these orgazations give so many facilities and account features to their traders or consumers. Only by a relative study traders can know the different factors deeply. This detailed study of SMC Global vs Samco, can lead the investors to the best company.

SMC Global (incorporated in 1994) is a full-service broking organization. Known for its customer service and research & advisory wing, SMC Global is one of the oldest stockbrokers of India with all India presence. 

Discount broker Samco is a Mumbai based trading house incorporated in 2014. It is renowned for the lowest brokerage and marginal trading offers. Being a discount broker Samco doesn’t have any branch and offline support system.

Highlights:

SMC Global: 

  1. Research & advisory support is available.
  2. Maginal & NRI trading facility
  3. Other investment – Insurance option available
  4. Non-availability of 3-in-1 account.
  5. Mobile trading is not available for NSE

Samco: 

  1. No monthly plan option.
  2. No physical branch available.
  3. Lowest brokerage charge.
  4. It offers free trading tools. 

Comparison of Service Rating: 

Here we have contrasted SMC Global & Samco on customer reviews. From these details mentioned below, we can say in terms of customer service, trading platform, brokerage charge & products we derived these details:

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 Grade out of 5SMC GlobalSamco
Overall Rating★★★★★★★
Brokerage Charges★★★★★★★
Trading Platform★★★★★★★
Investments Offering★★★★★★★
Customer Service★★★★★★★
Broker Type Full-Service BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX, NCDEXBSE, NSE, MCX, MCX-SX,NCDEX
SMC Global Vs Samco Review

SMC Global Vs Samco AOF & AMC: 

SMC Global offers free DEMAT account opening & free trading account AMC. Whereas Samco offers both trading & DEMAT account opening for free. Comparison is mentioned hereby:

ChargesSMC GlobalSamco
Trading AOF1000 RupeesFree of cost
Trading AMCFree of costFree of cost
DEMAT AOFFree of costFree of cost
DEMAT AMC300 Rupees PAINR.400 PA
Provide DP Service

Also Read: How to Open Demat Account in Different Broker

Comparison of Brokerage Plan:

SMC Global & Samco both don’t have brokerage plans for customers. Comparison mentioned hereunder. 

Plan TypesSMC GlobalSamco
Multiple Brokerage Plans
Monthly Brokerage Plans
Yearly Brokerage Plans

SMC Global Vs Samco Brokerage Fee: 

The brokerage charge of SMC Global is charged on a percentage basis. Whereas, Samco has a flat fee brokerage. Minimum brokerage charge for Samco is absent but SMC Global charges INR.25/- as minimum brokerage charge. 

ParticularsSMC GlobalSamco
Plan NameStandard Trading Plan (Percentage Based)Max INR.20 Per Order Trading Plan
Equity Delivery0.3% or 30 paisa0.2% or INR.20 whichever is lower
Equity Intraday0.03% or 3 paisa0.02% or INR.20 whichever is lower
Equity Futures0.03% or 3 paisa0.02% or INR.20 whichever is lower
Equity OptionsINR.70 Per LotFlat Fee INR.20
Currency Futures0.03% or 3 paisa0.02% or INR.20 whichever is lower
Currency OptionsINR.20 Per LotFlat Fee INR.20
Commodity Trading0.03% or 3 paisaFlat Fee INR.20
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 ChargesFreeINR.20 per Executed order, with First 20 C&T are free

Also Read: Samco Brokerage Calculator Online – Lowest Brokerage

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Comparison of Transaction Charges:

Assessing full-service broker SMC Global & discount broker Samco based on transaction charges on different segments such as transaction charges of equity delivery, equity intraday, equity futures, equity options, currency futures & currency options, we get the below-mentioned information. 

ParticularsSMC GlobalSamco
Equity DeliveryINR.325 Per CrINR.325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.210 Per Cr
Equity OptionsINR.5000 Per CrINR.5300 Per Cr
Currency FuturesINR.110 Per CrINR.135 Per Cr
Currency OptionsINR.4000 Per CrINR.4400 Per Cr
CommodityNon-Agri: INR.260 Per Cr 
Agri: INR.175 Per Cr
Non-Agri: INR.360 Per Cr 
Agri: INR.275 Per Cr

Comparison of Account Feature:

Different account feature is offered by both SMC Global & Samco. The list is given below:

ParticularsSMC GlobalSamco
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

SMC Global Vs Samco Trading Platform: 

Comparing SMC Global & Samco in terms of Trading terminal offering we get the below-mentioned details: 

ParticularsSMC GlobalSamco
Desktop Trading PlatformODIN DietSamco Trader
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailsmcindiaonline.com/easytradeSamco.in/Samruddi/Login/indexauth.jsp
Mobile Site
Mobile Trading
Mobile Trading AppSMCEasyTradeStockNote
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison of Investment Offering:

Comparing SMC Global & Samco based on their product offering we get these details. SMC Global has mutual funds & Bond in their product basket but Samco doesn’t. Also, another investment option is unavailable for Samco. 

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ParticularsSMC GlobalSamco
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 Samco Margin: 

Margin is one of the most important things to consider when you are investing somewhere. A comparative study of SMC Global & Samco is mentioned below:

ParticularsSMC GlobalSamco
Equity Delivery Margin Maximum 3x leverage for equity delivery – through Margin Funding system.Maximum 4x on equity delivery with Cash Plus.
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.

Also Read: SAMCO Margin Calculator Online

Comparison of Customer Support:

Both SMC Global & Samco offers different customer assistance paths to help a customer find the right way. Here we have compared SMC Global & Samco based on their customer supports: 

ParticularsSMC GlobalSamco
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll-Free Number 
Through Branches 
Customer Care Number 91-11-66075200“+91-22-2222-7777 “
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected]Info Not Available
Knowledge Centre/ Education smctradeonline.com/research/new-lettersSamco.in/knowledge-center/
Head Office Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Samco Securities Limited
1004 – A, 10th Floor, Naman Midtown – A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai – 400 013, Maharashtra,
India.
Website smctradeonline.comSamco.in

Also Read: Samco VS Prostocks Comparison

samco demat account

Comparison of DEMAT Account Feature: 

One of the basic steps, is Demat account opening. Based on the DEMAT account feature we contrasted SMC Global & Samco as below: 

 ParticularsSMC GlobalSamco
DP SourceForm SMC Global:CDSLFor Samco: CDSL
DP ID Form SMC Global:19100For Samco: 54200
DEMAT AMCForm SMC Global: INR.250 paFor Samco: INR.400 pa
Advance DepositAMC will be charged in advance.NIL
Statutory chargesStamp Paper ChargesStamp Charges
Transaction Charges on Debit (Per ISIN)INR.12INR.10
DEMATINR.3 per certificate + courier chargesINR.10 per certificate + INR.50 courier charges
REMATINR.20 for every hundred securities + courier chargesCDSL charges + INR.50 courier charges
Pledge CreationINR.50 per instructionINR.25 per transaction
Pledge Creation ConfirmationINR.50 per instructionNil
Pledge ClosureINR.25 per instructionINR.25 per transaction
Pledge Closure ConfirmationINR.25 per instructionNil
Pledge InvocationINR.25 per instructionINR.25 per transaction
Failed Instruction ChargesINR.20Nil
Other ChargesNilNil
open smc demat account

Conclusion: 

SMC Global & Samco both are renowned in their segments for different facilities they offer to investors. Samco is leading in this comparison for being outstanding in terms of online assistance and economic charge.

Whereas, SMC Global is an old & trusted brand with millions of happy customers. But choosing of broker should be done keeping in mind the exact & individual needs. 

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