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SBI Securities Vs SMC Global - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Trading Account Opening Fee ₹850 ₹1000
Trading Account AMC ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0
Demat Account AMC * ₹350 ₹300

Brokerage Charges

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SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Monthly Fee NA NA
Equity Delivery 0.50% 0.30%
Equity Intraday 0.05% 0.03%
Equity Future 0.05% 0.03%
Equity Options ₹100 per lot ₹70 per lot
Currency Futures 0.03% 0.03%
Currency Options ₹30 per lot ₹20 per lot
Commodity NA 0.03%

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)

SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Equity Delivery NSE ₹386 | BSE ₹384 ₹350
Equity Intraday NSE ₹386 | BSE ₹384 ₹350
Equity Future * NSE ₹221 ₹290
Equity Options * NSE ₹5515 ₹6500
Currency Futures * NSE ₹221 ₹290
Currency Options NSE ₹5515 ₹6500

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.

SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Minimum Brokerage 5 paisa for Eq Cash | 1 paisa for Eq future ₹25 per trade or 2.5% of the trade value whichever is lower
Call & Trade ₹10 per call after first 30 free calls -
DP Charges (on sell side) 0.01% (Minimum ₹21, Maximum ₹300) ₹15 per scrip
Other Miscellaneous Charges - -

Demat Account Charges

Find charges for the best Demat Account for small investors

SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Depository Service Provider CDSL CDSL
Account Opening Fee

Nil

Nil.
Advance Deposite

Nil

 -
AMC

Individual Account with POA: ₹400 (₹350 for e-statement)

Individual Account without POA: ₹700

Corporate Account with POA: ₹800

Individual Account without POA: ₹1700

BSDA Account: DP holding < 50,000: Nil, DP holding > 50,000 <=2 Lac ₹100

₹5 Per Certificate (₹30 for 1st Certificate) Courier Charges

Individual Client

General AMC Scheme: ₹300 P.A. (POA Clients), ₹350 P.A. (Non POA Clients)

Onetime Yearly AMC Scheme: ₹1000 P.A.(POA Clients), ₹1300 P.A. (Non POA Clients)

No AMC Scheme: ₹3000 Refundable Deposit

Corporate Clients: ₹1000 P.A.
Dematerialisation Charges

₹5 per cert + ₹35 courier charges per request

Extra (₹25 for Local & ₹40 for outstation courier)
Rematerialisation Charges

₹35 Per Request + CDSL Charges i.e. ₹10 per 100 securities or part quantity

₹25 (For one certificate/100 shares) Courier Charges Extra(₹25 for Local & ₹40 for outstation courier)
Transaction Charges (Credit) - -
Transaction Charges (debit)

Through POA - 0.01% of the transaction value (Minimum of ₹21 and Maximum of ₹300) per ISIN

Through DIS - 0.04% of the transaction value (Minimum of ₹30) per ISIN

On Maket Transaction: ₹15 (POA Clients), ₹20 (Non POA clients)

Off Market Instruction: 0.03% (subject to Min. ₹20 & Max. ₹50 Charges Per instruction)
Pledge Creation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

₹60

Pledge Creation Confirmation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

₹60

Pledge Invocation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

₹30

Failed Instruction Charges

₹10 per failed instruction.

₹20 per instruction
Other Charges -

AMC charged yearly in advance.

DIS Book Charges: ₹30 (20 leafs)

Client Modification Charges: ₹25

Security deposit for CDSL 'easiest' facility (optional) is ₹2,500

Features

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SBICAP Securities Ltd SMC Global Limited
eZ-trade SMC Global Limited
Trading Platform ODIN ODIN

ProStocks Vs

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES