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JM Financial vs SMC Global – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of JM Financial vs SMC Global. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between JM Financial & 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.

JM Financial vs SMC GlobalIn 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

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

Now let’s compare SMC Global JM Financial

Overview of JM Financial & SMC Global

Overview JM Financial SMC Global
Company Type Public Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, Maharashtra New Delhi, Delhi
Founder Nimesh Kampani Subhash Aggarwal, Mahesh Gupta & D. K. Aggarwal
Established Year 1986 1990

JM Financial vs SMC Global Customer Ratings Comparison

Customer Ratings JM Financial SMC Global
Experience 6.2/10 6.0/10
Products & Services 6.4/10 7.1/10
Brokerage Charges & Fees 6.2/10 6.5/10
Stock Research & Advisory 6.6/10 6.3/10
Trading Platforms 5.8/10 6.2/10
Overall Ratings 6.4/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 329 345

JM Financial vs SMC Global Demat Account Comparison

Demat Services JM Financial SMC Global
Depository Source CDSL CDSL & NSDL
Account Opening Charges Rs.799 Rs.450
Demat AMC Charges Rs.299 Rs.300 per Annum
Trading AMC Charges Free Free
Margin Money Rs.15,000 Minimum Rs.10,000
Offline to Online R R

SMC Global vs JM Financial Brokerage Charges Comparison

Brokerage Charge & Fees JM Financial SMC Global
Equity Delivery Trading 0.5% – 0.15% 0.30%
Equity Intraday Trading 0.05% -0.015% 0.03%
Commodity Options Trading NA 0.03%
Equity Futures Trading 0.05% -0.015% 0.03%
Equity Options Trading Rs.75 – Rs.20 per Lot Rs.70 per lot
Currency Futures Trading 0.05% -0.015% 0.03%
Currency Options Trading Rs.75 – Rs.20 per Lot Rs.20 per lot
Minimum Brokerage Percentage of Transaction Rs.15 per executed order
Demat AMC Charges Rs.299 Rs.300
Trading AMC Charges Free Free
Margin Money Rs.15,000 Minimum Rs.10,0000
Brokerage Calculator JM Financial Brokerage Calculator SMC Global Brokerage Calculator

SMC Global & JM Financial Other Charges Comparison

Other Charges JM Financial SMC Global
Transaction Charges 0.00325% of Total Turnover 0.00315% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare SMC Global & JM Financial Offers

Offers JM Financial SMC Global
Free Demat Account R S
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S R
Referral Offers S R
Zero Brokerage for Loss Making Trades S S

Compare Services of JM Financial vs SMC Global

Services JM Financial SMC Global
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R S
Trading Institution S R
Trading Exposure Upto 7x Upto 10X

Compare SMC Global & JM Financial Research & Advisory

Research & Advisory JM Financial SMC Global
Fundamental Reports R R
Research Reports R R
Company Reports R S
Annual Reports R R
Company Stock Review R S
Free Stock Tips R R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

JM Financial vs SMC Global Exposure/Leverage

Exposure / Leverage JM Financial SMC Global
Equity Delivery Upto 1x Upto 3X
Equity Intraday Upto 7x Upto 10X
Equity Futures Upto 2x Upto 2X
Equity Options Upto 4x Upto 3X
Currency Futures Upto 3x Upto 2X
Currency Options Upto 3x Upto 3X
Commodities Upto 2x Upto 2X
Margin Calculator JM Financial Margin Calculator SMC Global Margin Calculator

JM Financial vs SMC Global Product Comparison

Products JM Financial SMC Global
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking S S
SIP R R
Insurance R S

JM Financial vs SMC Global Trading Platform Comparison

Trading Platforms JM Financial SMC Global
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform S R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory S S
Interactive Charts R R
Live Markets R R
SMS Alerts S S
Email Alerts S R
Multi Account Management S S

JM Financial vs SMC Global Customer Support

Customer Support JM Financial SMC Global
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 50 250

JM Financial vs SMC Global Customer Complaints

Complaints (Current Year) JM Financial SMC Global
Lodged in BSE 5 225
Resolved in BSE 5 217
Lodged in NSE 7 248
Resolved in NSE 7 237

Compare JM Financial with other Brokers & SMC Global with other Brokers


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