IDBI Direct vs SMC Global – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of IDBI Direct vs SMC Global. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IDBI Direct & SMC Global will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IDBI Direct vs SMC Global

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This IDBI Direct & SMC Global comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare SMC GlobalIDBI Direct

Overview of IDBI Direct & SMC Global

OverviewIDBI DirectSMC Global
Company TypePrivatePrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, MaharashtraNew Delhi, Delhi
FounderGurudeo M. Yadwadkar & Rakesh SethiSubhash Aggarwal, Mahesh Gupta & D. K. Aggarwal
Established Year20061990

IDBI Direct vs SMC Global Customer Ratings Comparison

Customer RatingsIDBI DirectSMC Global
Experience6.2/106.0/10
Products & Services6.0/107.1/10
Brokerage Charges & Fees6.3/106.5/10
Stock Research & Advisory6.1/106.3/10
Trading Platforms6.0/106.2/10
Overall Ratings6.1/106.4/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews157345

IDBI Direct vs SMC Global Demat Account Comparison

Demat ServicesIDBI DirectSMC Global
Depository SourceCDSL & NSDLCDSL & NSDL
Account Opening ChargesFreeRs.450
Demat AMC ChargesRs.350 per AnnumRs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Rs.10,000
Offline to OnlineRR

SMC Global vs IDBI Direct Brokerage Charges Comparison

Brokerage Charge & FeesIDBI DirectSMC Global
Equity Delivery Trading0.05% – 0.35%0.30%
Equity Intraday Trading0.01% – 0.04%0.03%
Commodity Options Trading0.01% – 0.04%0.03%
Equity Futures Trading0.01% – 0.04%0.03%
Equity Options TradingRs.10 – Rs.60 per lotRs.70 per lot
Currency Futures Trading0.01% – 0.04%0.03%
Currency Options TradingRs.10 – Rs.60 per lotRs.20 per lot
Minimum BrokerageRs.20 per executed orderRs.15 per executed order
Demat AMC ChargesRs.350Rs.300
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Rs.10,0000
Brokerage CalculatorIDBI Direct Brokerage CalculatorSMC Global Brokerage Calculator

SMC Global & IDBI Direct Other Charges Comparison

Other ChargesIDBI DirectSMC Global
Transaction Charges0.00312% of Total Turnover0.00315% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare SMC Global & IDBI Direct Offers

OffersIDBI DirectSMC Global
Free Demat AccountRS
Free Trading AccountRR
Discount on BrokerageRR
Trading Happy HoursSS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersRR
Referral OffersSR
Zero Brokerage for Loss Making TradesSS

Compare Services of IDBI Direct vs SMC Global

ServicesIDBI DirectSMC Global
Demat ServicesRR
Trading ServicesRR
3 in 1 AcountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisorySS
PMSSS
Trading InstitutionSR
Trading ExposureUpto 15XUpto 10X

Compare SMC Global & IDBI Direct Research & Advisory

Research & AdvisoryIDBI DirectSMC Global
Fundamental ReportsRR
Research ReportsRR
Company ReportsSS
Annual ReportsSR
Company Stock ReviewRS
Free Stock TipsRR
IPO ReportsRR
Top PicksRR
Daily Market ReviewRR
Monthly ReportsSR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

IDBI Direct vs SMC Global Exposure/Leverage

Exposure / LeverageIDBI DirectSMC Global
Equity DeliveryUpto 3XUpto 3X
Equity IntradayUpto 15XUpto 10X
Equity FuturesUpto 3XUpto 2X
Equity OptionsUpto 5XUpto 3X
Currency FuturesUpto 2XUpto 2X
Currency OptionsUpto 2XUpto 3X
CommoditiesUpto 2XUpto 2X
Margin CalculatorIDBI Direct Margin CalculatorSMC Global Margin Calculator

IDBI Direct vs SMC Global Product Comparison

ProductsIDBI DirectSMC Global
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexSS
BankingRS
SIPRR
InsuranceSS

IDBI Direct vs SMC Global Trading Platform Comparison

Trading PlatformsIDBI DirectSMC Global
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformSS
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsSS
Easy InstallationRR
Global IndicesRR
Stock TipsSR
Personalized AdvisorySS
Interactive ChartsRR
Live MarketsRR
SMS AlertsSS
Email AlertsRR
Multi Account ManagementSS

IDBI Direct vs SMC Global Customer Support

Customer SupportIDBI DirectSMC Global
Dedicated DealerRR
Offline TradingRR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches225250

IDBI Direct vs SMC Global Customer Complaints

Complaints (Current Year)IDBI DirectSMC Global
Lodged in BSE46225
Resolved in BSE42217
Lodged in NSE65248
Resolved in NSE59237

Compare IDBI Direct with other Brokers & SMC Global with other Brokers

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Idbi Direct vs Sas OnlineMotilal Oswal vs Smc Global
Idbi Direct vs Shri Parasram HoldingsNirmal Bang vs Smc Global
Idbi Direct vs Shriram InsightNj Wealth vs Smc Global
Idbi Direct vs Smc GlobalPaytm Money vs Smc Global
Idbi Direct vs Sushil FinancePrabhudas Lilladher vs Smc Global
Idbi Direct vs Swastika InvestmartProfitmart Securities vs Smc Global
Idbi Direct vs Tradebulls SecuritiesReliance Securities vs Smc Global
Idbi Direct vs Way2WealthReligare Securities vs Smc Global
Idbi Direct vs Yes SecuritiesSamco vs Smc Global
Iifl vs Idbi DirectSas Online vs Smc Global
Karvy vs Idbi DirectSbi Cap Securities vs Smc Global
Kotak Securities vs Idbi DirectSharekhan vs Smc Global
Motilal Oswal vs Idbi DirectShri Parasram Holdings vs Smc Global
Paytm Money vs Idbi DirectShriram Insight vs Smc Global
Reliance Securities vs Idbi DirectSushil Finance vs Smc Global
Religare Securities vs Idbi DirectSwastika Investmart vs Smc Global
Samco vs Idbi DirectTradebulls Securities vs Smc Global
Sbi Cap Securities vs Idbi DirectUpstox vs Smc Global
Sharekhan vs Idbi DirectVentura Securities vs Smc Global
Upstox vs Idbi DirectWay2Wealth vs Smc Global
Ventura Securities vs Idbi DirectYes Securities vs Smc Global
Zerodha vs Idbi DirectZerodha vs Smc Global

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