SMC Global Intraday Trading – Benefits, Online Process, Charges, Margin & moreLast Updated Date: Mar 24, 2023
This article will help you learn about SMC Global Intraday Trading online in detail. Here you will find many important points that will resolve various queries that you have regarding the intraday trading services offered online by this broker house.
Let us begin with the profile of SMC Global. The broker house was established in 1994 and had been offering useful wealth management services to the significant number of clients it has got. It has also got recognition in Dubai and has reached more than 50 branches all across India.
SMC Global is one of the most advanced broker houses in India. It has got robust trading platforms that allow effortless trading in different forms of financial instruments. Clients can use them and get access to the whole of the share market within a few seconds.
There are uncountable advantages to trading with this broker house, but here we shall only focus on SMC Online Intraday services. You will get to learn the intraday charges, the procedure for initiating intraday trading, the advantages, and the margins offered by this broker house.
SMC Global Intraday Trading & Benefits
Intraday trading is different from regular trading, and it is quite a difficult one. But there are some advantages offered by SMC Global that attracts traders towards its intraday services.
This broker house helps its clients in many ways than one, in carrying out seamless intraday trading. You can find out those advantages if you go through the below-mentioned points.
- It is very easy to get a trading account created with this broker house that helps in SMC Global Intraday Trading to a great extent.
- This broker house does not levy any annual maintenance charge on its trading account. It means that clients are spared from the repetitive payments that they would be charged as the AMC of their trading account.
- The trading platforms maintained by this broker house are beyond the imagination of a trader as they are incredibly advanced. One can view all types of details regarding the market and the transactions from these platforms without much effort.
- SMC Global respects the privacy of each of its clients and thus, keeps all important data confidential with itself.
- Clients can bank upon the broker house entirely as it is incredibly transparent. The company shares all the details regarding the transactions with the clients.
- There are useful brokerage plans offered by SMS Global that help new investors to a great extent.
- SMC Global Intraday Tips are very useful for traders, contributing to their overall success.
Open SMC Global Trading Account Now! – Fill up the Form
How to do Intraday Trading in SMC Online?
Intraday trading is no doubt a stringent process, and clients need to be guided efficiently in it. A trader needs to keep a constant check on the stock market for conducting seamless intraday trading. He should also have a good deal of expertise in the whole matter, or there are strong chances of him making blunders.
However, Intraday Trading in SMC Global is quite an easy task, and investors can get a lot of advantages from it.
Below are some simple steps that can help any trader get started with intraday trading with this broker house.
- The first step to initiate intraday trading is opening a trading account. Therefore you will have to create a trading account with this broker house by filling up the form available on this page. You will have to submit the form after filling it up, and the executives of SMC Global will help you through the rest of the process.
- After your account gets created, you will be sent the account ID and password that need to be kept confidential.
- Then you need to log in to your SMC Global trading account using the account ID and password. You should change the password after logging into the account for maintaining advanced security.
- After logging into the account, you will find a list of shares from which you need to choose for trading. You can also take help from the tips offered by the broker house as that will help you make the right amount of profit.
- It is also advisable to maintain a watch list that will feature only those shares that you are interested in. This list will keep you updated with all the essential details about those shares.
- After selecting the stocks you want to trade, you will have to enter the Buy or Sell section of your account. There you will have to choose the ‘Intraday Trading’ option and start trading.
Know more about other Intraday Trading Brokers
SMC Global Intraday Charges
The SMC Global Intraday Charges are fixed, and they do not vary from client to client or with transactions. It is 0.02% and remains the same for any number of transactions conducted by a trader. There are other plans as well available with the stock broker, wherein brokerage gets fewer and fewer, whereas the margin money keeps rising.
There are many other charges that a client needs to bear for each transaction, and they are:
- Transaction charge on the whole amount
- SMC Global Intraday Brokerage charge that is fixed
- STT or Securities Transaction Tax as decided by the government
- Stamp Duty depends on the state in the transaction is being carried out
- SEBI Turnover Charges as levied by SEBI
- GST on the total amount of transaction
|SMC Global Intraday Charges|
|Intraday Brokerage Charge||0.02%|
|Intraday Brokerage Calculator||SMC Global Brokerage Calculator|
Here is an example to help you learn the whole calculation quickly. If you buy 1000 shares at Rs.2 per share, then your total holding will sum up to Rs.2000.
Then you decide to sell the shares when the price of each hike to Rs.3. You will earn a total of Rs.3000 on selling all the shares. The turnover shall be Rs.5000 with a profit of RS.1000.
If the transaction takes place in Madhya Pradesh, then the charges you will have to pay would amount to:
- Brokerage charge: Rs.2
- STT: Rs.0.630
- SEBI Turnover charge: Rs.0.010
- Stamp Duty: Rs.0.100
- Transaction Charges: Rs.0.175
- GST: Rs.0.302
The total brokerage and taxes you will have to pay will sum up to Rs.3.217, and thus the profit made will be Rs.996.784.
SMC Global Intraday Margin
SMC Global Intraday Margin is very high, and a trader can get a lot of help from it. He can trade with an amount that is much higher than his holdings with the help of the facilities offered by this broker house.
|SMC Global Intraday Exposure|
|Intraday Margin Funding||Upto 5x|
|Intraday Margin Calculator||SMC Global Margin Calculator|
For example, if a trader has Rs.10000 in his account, then he will be able to buy shares with Rs.50,000. The rest will be granted to him due to the SMC Global Intraday Limits, which is up to 5 times. He will, however, have to pay the money back to the broker house along with interest.
Find out Intraday Trading Details of other Stock Brokers
SMC Global Trading – Types
SMC Global Trading can be conducted in three different ways, and they are online, offline, and over the phone.
There are some brilliant trading platforms maintained by this broker house that facilitates the SMC Global Online Trading process. A client can also visit the branch of SMC Global for carrying out offline trading.
SMC Global Intraday Trading – Conclusion
This review on SMC Global Intraday Trading contains all the necessary details that you should know before trading with it.
After going through the entire article, it can quickly be concluded that this broker house offers brilliant intraday trading services. It is one of the best in the country and provides a great deal of support to its clients.
SMC Global Intraday Trading
Is Intraday Trading safe in SMC Global?
Yes, intraday trading is completely safe in SMC Global. The reliable company has been around since 1994 and today, SMC Global is one of the most advanced broker houses in India. It has got robust trading platforms that allow effortless trading in different forms of financial instruments.
What is Intraday Exposure at SMC Global?
SMC Global Intraday exposure is very high, and a trader can get a lot of help from it. They can trade with an amount that is much higher than their holdings with the help of the exposure offered. The brokerage house offers a margin of upto 5x to traders.
What are Intraday Charges in SMC Global?
The SMC Global Intraday Charges are fixed at 0.02%. Other charges are transaction charges on the whole amount, STT as decided by the government, stamp duty that depends on the state government, SEBI turnover charges levied by SEBI, and GST.
How to do Day Trading in SMC Global?
The first step is opening a trading account. Then, log in using the account ID and password. You will find a list of shares. After selecting the stocks you want to trade, enter the Buy or Sell section of your account and choose the ‘Intraday Trading’ option to start trading.
Does SMC Global provide Day Trading?
Yes, SMC Global does provide day trading. This broker house helps its clients in more ways than one, in carrying out seamless intraday trading. It is very easy to get a trading account created with this broker house that helps in SMC Global day Trading to a great extent.
Is Intraday Trading Free in SMC Global?
No, intraday trading is not free in SMC Global. The SMC Global Intraday Charges are fixed, and they do not vary from client to client or with transactions. The trading fee is quite affordable and reasonable for traders.
Does SMC Global have an App for Intraday?
Yes, SMC Global does have an app for Intraday. It is named SMC Easy Trade. It is an enhanced version of SMC Mobitrade and simplifies and brings the trading opportunity to traders’ fingertips; empowering them to take full control of the market.
Is Intraday Profitable at SMC Global?
Yes, intraday trading can be quite profitable at SMC Global. The brokerage house charges a minimal trading fee and offers high margins. With expert tips, traders have the best chances of gaining profits with intraday trading.
Does SMC Global provide Intraday Tips?
Yes, SMC Global does provide intraday trading tips. These tips are from a team of experts who provide researched recommendations, reports and the latest market analysis to predict maximum profitability.
What is SMC Global Intraday mean?
SMC Global is one of the most advanced broker houses in India. It has got robust trading platforms that allow effortless trading in different forms of financial instruments, one of which is intraday trading which entails buying and selling stocks on the same day.
Open SMC Global Trading Account Now! – Fill up the Form
Know in detail about Intraday Trading of other brokers
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