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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.
- Research & advisory support is available.
- Maginal & NRI trading facility
- Other investment – Insurance option available
- Non-availability of 3-in-1 account.
- Mobile trading is not available for NSE
- No monthly plan option.
- No physical branch available.
- Lowest brokerage charge.
- 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:
|Grade out of 5||SMC Global||Samco|
|Broker Type||Full-Service Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX, NCDEX||BSE, NSE, MCX, MCX-SX,NCDEX|
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:
|Trading AOF||1000 Rupees||Free of cost|
|Trading AMC||Free of cost||Free of cost|
|DEMAT AOF||Free of cost||Free of cost|
|DEMAT AMC||300 Rupees PA||INR.400 PA|
|Provide DP Service||✔||✔|
Comparison of Brokerage Plan:
SMC Global & Samco both don’t have brokerage plans for customers. Comparison mentioned hereunder.
|Plan Types||SMC Global||Samco|
|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.
|Plan Name||Standard Trading Plan (Percentage Based)||Max INR.20 Per Order Trading Plan|
|Equity Delivery||0.3% or 30 paisa||0.2% or INR.20 whichever is lower|
|Equity Intraday||0.03% or 3 paisa||0.02% or INR.20 whichever is lower|
|Equity Futures||0.03% or 3 paisa||0.02% or INR.20 whichever is lower|
|Equity Options||INR.70 Per Lot||Flat Fee INR.20|
|Currency Futures||0.03% or 3 paisa||0.02% or INR.20 whichever is lower|
|Currency Options||INR.20 Per Lot||Flat Fee INR.20|
|Commodity Trading||0.03% or 3 paisa||Flat Fee INR.20|
|Minimum Brokerage||INR.25 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||INR.20 per Executed order, with First 20 C&T are free|
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.
|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.210 Per Cr|
|Equity Options||INR.5000 Per Cr||INR.5300 Per Cr|
|Currency Futures||INR.110 Per Cr||INR.135 Per Cr|
|Currency Options||INR.4000 Per Cr||INR.4400 Per Cr|
|Commodity||Non-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:
|3 in 1 Account||✕||✕|
|Margin Trading Funding Available||✔||✔|
|Combined Ledger for Equity and Commodity||✔||✕|
|Intraday Square-off Time||3:15 PM||3:15 PM|
SMC Global Vs Samco Trading Platform:
Comparing SMC Global & Samco in terms of Trading terminal offering we get the below-mentioned details:
|Desktop Trading Platform||ODIN Diet||Samco Trader|
|Desktop Platform (Windows)||✔||✔|
|Desktop Platform (Mac)||✕||✕|
|Web Trading Platform||✔||✔|
|Web Trading Detail||smcindiaonline.com/easytrade||Samco.in/Samruddi/Login/indexauth.jsp|
|Mobile Trading App||SMCEasyTrade||StockNote|
|Android Mobile App||✔||✔|
|iPhone Mobile App (IOS)||✔||✕|
|Android Tablet App||✔||✔|
|iPad App (IOS)||✔||✕|
|Trading Software Charges||Free||Free|
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.
|Equity Cash and F&O||✔||✔|
|Online IPO Application||✕||✕|
|Bond / NCD||✔||✕|
|MF SIP Investment||✔||✕|
|Equity SIP Investment||✕||✕|
|Other Investment Options||Insurance||NIL|
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:
|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:
|24/7 Customer Service||✕||✕|
|Online Live Chat||✕||✕|
|Customer Care Number||91-11-66075200||“+91-22-2222-7777 “|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Centre/ Education||smctradeonline.com/research/new-letters||Samco.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,
Also Read: Samco VS Prostocks Comparison
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:
|DP Source||Form SMC Global:CDSL||For Samco: CDSL|
|DP ID||Form SMC Global:19100||For Samco: 54200|
|DEMAT AMC||Form SMC Global: INR.250 pa||For Samco: INR.400 pa|
|Advance Deposit||AMC will be charged in advance.||NIL|
|Statutory charges||Stamp Paper Charges||Stamp Charges|
|Transaction Charges on Debit (Per ISIN)||INR.12||INR.10|
|DEMAT||INR.3 per certificate + courier charges||INR.10 per certificate + INR.50 courier charges|
|REMAT||INR.20 for every hundred securities + courier charges||CDSL charges + INR.50 courier charges|
|Pledge Creation||INR.50 per instruction||INR.25 per transaction|
|Pledge Creation Confirmation||INR.50 per instruction||Nil|
|Pledge Closure||INR.25 per instruction||INR.25 per transaction|
|Pledge Closure Confirmation||INR.25 per instruction||Nil|
|Pledge Invocation||INR.25 per instruction||INR.25 per transaction|
|Failed Instruction Charges||INR.20||Nil|
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.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.