SMC Global

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SMC Global Review

SMC Global is a full-service broker, offering trading and investment services in all market segments and indices. With SMC Global you will get research-based advisory, insights on market movements.

Currently, SMC Broker supports its 1 lakh+ active clients through online & wide offline presence across PAN India through 65+ branches. SMC Global also has an international presence. Along with stockbroking, SMC Global also provides Wealth Management, NRI Trading, Research services & other financial services.

SMC is one of the oldest brokerage firms in India. You can invest in equity, commodity, currency, derivatives, bonds, mutual funds and IPOs. SMC Global allows you to trade products listed on NSE, BSE, MCX, NCDEX and MCX-SX.

8.7Expert Score
SMC Global SMC Global Review SMC Global is a full-service broker, offering trading and investment services in all market segments and indices. With SMC Global you will get research-based advisory, insights on market movements. Currently, SMC Broker supports its 1 lakh+ active clients through online & wide offline presence across PAN India through 65+ branches. SMC Global […]
Trading Platform
Account Opening
Product & Features
Costumer Support
  • In-house research
  • Trustable brand
  • Competitive Brokerage charges
  • 24x7 customer support
  • Personal broker assistance
  • Low complaint track record
  • Outdated & Buggy Trading Platform
  • Inept customer executives
  • Inaccurate short-term research

Specification: SMC Global

Segment Wise Broekerage
Commodity Futures Brokerage


Commodity Options Brokerage


Currency Futures Brokerage


Currency Option Brokerage

₹20 per lot

Equity Delivery Brokerage

Equity Future Brokerage


Equity Intraday Brokerage


Equity Option Brokerage

₹70/ lot

Account Charges
Offline Order Placing Charge


Tips & Research

Available (Free)

Trading & Demat A/C Opening Charge

₹ 1000

Commodity A/C Opening Charge

₹ 500

Brokarage Type

Segment Supported

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AMC Charge (Yearly)



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Trading Platform

SMC Global offers trading platforms across the Web, Mobile App & Terminal Software. You can also access the demo trading account to familiarize yourself before you get into actual trades on live platforms. This demo account is free to learn & practice trading with virtual money worth 5 lakh INR.

SMC also provides Call-N-Trade services to its customer so that customer can place an order if he/she does not have access to the internet.

SMC website is available into 10 different Indian regional languages apart from English viz. Hindi, Gujarati, Bengali, Marathi, Sindhi, Punjabi, Malayalam, Tamil, Telugu & Urdu.

SMC Easy Trade (Browser)

SMC Easy Trade is a Browser-based web trading platform. This platform is developed on the latest HTML5 technology. For a person with a slow internet connection, SMC’s low bandwidth website works best for a seamless trading experience.

You can directly access this from your Computer, Mobile Phones & tablet Browser without installing any software. SMC Easy Trade platform has a beautiful simplistic design, and it’s very user-friendly. You can access the trading terminal by visiting and logging into your trading account.

SMC EasyGo (Mobile)

SMC EasyGo is an upgraded version of SMC Mobitrade/SMC Tabtrade. It’s easy to navigate & they also provided few features preferred by traders.

On the negative side, there are too many bugs. The design is also outdated due to which some features are hard to find. So overall, Mobile application experience can be improved.

  • Direct Access To Research
  • Guest Login

  • Not Reliable For Trading
  • User interface Need Improvement
  • Login Issue

SMC Privilege (Software)

SMC Privilege is a trading software by SMC Global Broker. You can download the software on your laptop & desktop. It works the same as that of a broker’s terminal.

  • 2-factor authentication for safety
  • Fully customizable Workspace
  • Fast Order Execution

  • Only available for window don’t support Mac
  • The design could be better

It is highly customizable & allows multiple windows on a single screen. You can also use Hotkey functions for faster trading. This application is useful for clients who are actively involved in day trading.


In the sections below, you will find the most relevant fees. You can easily calculate charges related to your demat & trading account, the Fee structure is transparent. To have a clear overview of SMC Global Charges, We have divided this section into 2 parts.

To get things rolling let’s get started with the Brokerage Charges.


If you are a high volume trader you can negotiate brokerage charges. SMC charges a brokerage of 0.3% on Intraday and 0.03% on delivery orders.

SegmentBrokerage Fee
Equity Delivery0.3%
Equity Intraday0.03%
Equity Futures0.03%
Equity Options₹70 per lot
Currency Futures0.03%
Currency Options₹20 per lot
Commodity Futures0.03%
Commodity Options0.03%

SMC is a full-service broker and charges a high commission for its research and support but is relatively competitive when compared to other brokerage firms like ICICI Securities that charges 0.55% commission.

Demat & Trading Account Charges

SMC Global has an average account-related charge. You need to pay charges as below for your SMC demat & trading account.

Account HeadFee
Trading account opening chargesNil
Demat account opening chargesRs.499
Trading annual maintenance chargesNil
Demat annual maintenance chargesRs.300


SMC margins vary segment-wise depending on the scrip. The table below provides a margin or exposure provided by SMC for all segments-wise.

Equity DeliveryUp to 3x
Equity IntradayUp to 10x leverage
Equity Futures2x exposure
Equity OptionsN/A
Currency FuturesN/A
Currency OptionsN/A
CommodityUp to 3x


SMC Global Broker offers only a demo account as an educational tool. We didn’t find any learning material, articles, instructional videos or other content.

In the SMC website their section of Knowledge center under the Research tab, but there are only 10-15 general articles related to investment.

Product & Features


It is a research tool to guide traders/investors in the live market for the right trading decision making. It generates automated buy and sells signals based on nine (9) technical indicators & quantitative data. You can easily access this from mobile or desktop.


  • Help in Right Decision Making
  • Minimize Trading Risk
  • Individual Stock Research


  • Not for Free
  • Average Accuracy Rate

Customer Support

SMC Broker has a dedicated customer support team but sometimes the customer support executives lack the skillset required to resolve the problem. On the other hand, email support is slow and the answers we got were irrelevant.

However, it does operate on weekdays from 08:00 a.m. to 08:00 p.m. from Monday to Friday. You can reach them on several channels, as:

  • Phone: You can contact support over +91-11-66075200 or toll-free number 1800-11-0909.
  • Email: You can raise your query over through email:
  • SMS: You need to send SMS from your mobile phone “SMC HELP” to 56677 then you will get a call back from the support team.


SMC is a diversified financial services company in India Established back in 1990. SMC Global also launched its a discount broker arm in 2019 named as Stoxkart. Which comes up with a new concept of pay brokerage only when you earn the profit.

What can a trader/investor expect from the best ideal full-service brokerage?

Low brokerage, trustable brand, good research, seamless trading platform and most importantly customer support which responds to your query genuinely.

The place where SMC services go awry is their customer support & trading platform. The main advantage of SMC Global is its in-house research team and competitive brokerage plan compared to other full-service brokers.

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