SMC Global Review

Category: Reviews | Author: Trading Brokers | Date: October 15, 2023

SMC Global Securities Limited is a well-established full-service broker in India, founded in 1990. The company is regulated by the Securities and Exchange Board of India (SEBI) and offers a wide range of trading and investment services across equities, derivatives, commodities, and currencies. SMC Global provides various trading platforms, including SMC Ace Web (Advance), SMC Easy Trade (Classic), and Mobile Trading App, catering to the diverse needs of its clients. The broker is dedicated to securing trading through segregated accounts and negative balance protection.

However, it falls short of top brokers in terms of trading platforms, tools, research, and global market access. Therefore, it is crucial to conduct a comprehensive and impartial review before deciding to trade with them. In this article, we will review SMC Global and provide our verdict on whether it is a reputable and trustworthy broker to trade with.

Pros & Cons

  • Competitive brokerage charges and spreads
  • Dedicated to secure trading through segregated accounts, negative balance protection
  • Long operating history since 1990, well-established brand
  • Offers diverse services - brokerage, investment banking, wealth management etc
  • Wide range of trading platforms and tools for clients
  • Strong focus on trader education through blogs, podcasts, etc
  • Research capabilities not as strong as some other brokers
  • Overall trading experience not as smooth and seamless as top brokers
  • Website and platforms could be more user-friendly
  • Limited global market access compared to some competitors
  • Customer service has received some complaints

Summary

SMC Global Review

SMC Global Review

SMC Global, a full-service stockbroker, was founded in 1994 and is headquartered in New Delhi, India. The company has made a significant mark in the financial services sector by offering a comprehensive range of services to both resident and non-resident Indian investors. These services span across online broking, third-party financial products, wealth management, portfolio management, investment banking, insurance broking, depository services, and research & advisory services.

SMC Global is known for its advanced trading platforms, including the SMC Easy Trade Mobile App, Easy Trade web trading platform, Ace Web advanced web portal, and Privilege application-based desktop trading software. The company also prides itself on its dedicated research desk that provides trading recommendations and expert insights on stocks, the market, and the economy.

In terms of brokerage charges, SMC Global offers competitive rates, with brokerage fees ranging from 0.05% to 0.50% on trading on different exchanges. The company also provides robust customer support through multiple channels, including email support, web chat, telephonic support, and offline branches, with a toll-free number for 24/7 support.

In essence, SMC Global has established itself as a reputable full-service stockbroker with a wide array of financial products and services, advanced trading platforms, quality research & advisory, and dedicated customer support. This makes it a compelling subject for an in-depth review, focusing on its offerings, charges, and overall customer experience

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

SMC Global Securities Limited is a financial services company regulated by the Securities and Exchange Board of India (SEBI), with the SEBI registration number INZ000199438. The company complies with Anti Money Laundering (AML) regulations and guidelines issued by SEBI and other relevant authorities. SMC Global established its AML Policy in 2006, which has been reviewed periodically to ensure compliance with international efforts against money laundering and adherence to SEBI guidelines.

The AML Policy covers various aspects of AML compliance, such as client identification, verification, risk assessment, record keeping, monitoring, reporting, training, and audit. Potential traders should be aware of the regulatory landscape and associated risks when engaging in trading activities. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

SMC Global Securities Limited offers a variety of trading platforms and tools to cater to the needs of its clients. These platforms and tools include:

  • SMC Ace Web (Advance): An advanced web-based trading platform with real-time market data, news, and customizable watchlists.
    SMC Ace Web

    SMC Ace Web

  • SMC Easy Trade (Classic): A classic web-based trading platform suitable for occasional traders, offering a user-friendly interface for trading in equities, derivatives, and commodities.
    SMC Easy Trade

    SMC Easy Trade

  • Mobile Trading App: SMC Global provides a mobile trading app called SMC Ace, available for both Android and iOS devices, which allows clients to trade and analyze the Indian stock market in real time.
  • Bank-Partnered Trading Platforms: SMC Global offers software-based trading platforms in partnership with various banks, such as PNB Online Trading, IOB Online Trading, UBI Online Trading, Dhanlaxmi Bank Online Trading, and KVB Online Trading.

These platforms and tools enable clients to trade in various financial instruments, such as stocks, foreign exchange, commodities, futures and options, and more. They provide features like real-time streaming quotes, customizable watchlists, advanced charting, technical indicators, and portfolio tracking.

Beyond these platforms, SMC Global enhances the trading experience with a suite of valuable tools, including:

  • Real-time streaming quotes: Access live market data and quotes for stocks, commodities, currencies, and derivatives.
  • Customizable watchlists: Create and manage watchlists to monitor your preferred stocks and other financial instruments.
  • Advanced charting: Analyze stock price movements and trends using advanced charting tools with various technical indicators.
  • Portfolio tracking: Keep track of your investments and monitor your portfolio’s performance with the state-of-the-art portfolio tracker.
  • Heat-map: Visualize market movements and identify trends using the heat-map feature.
  • Market analytics: Access real-time market analytics to make informed trading decisions.
  • SMC AUTO TRENDER: A unique trading tool that offers fast and rich insights into market trends based on technical and quantitative research.
  • Real-time news: Stay updated with the latest market news to make well-informed trading decisions.

These tools are available across SMC Global’s trading platforms, including SMC Ace Web (Advance), SMC Easy Trade (Classic), Mobile Trading App, and bank-partnered trading platforms.

Education

SMC Global Securities Limited offers educational resources primarily through its blog and podcast. These resources aim to help traders improve their knowledge and skills in the financial markets. Some of the educational resources provided by the broker include:

  • Wise Money: A weekly publication that covers market analysis, investment ideas, and financial planning tips.
  • Blog: SMC Global’s blog features articles on various aspects of trading and investment, providing insights and educational content for traders.
  • Podcast: The broker offers podcasts that cover market updates, trading ideas, and analysis, helping traders stay informed and make better-informed trading decisions.

These educational resources are designed to help traders enhance their understanding of the financial markets and make better-informed trading decisions

Markets

SMC Global Securities Limited offers a wide range of financial markets for trading, providing clients with diverse investment opportunities. The markets offered by this broker include:

  • Equities: Clients can trade in shares of various companies listed on Indian stock exchanges, such as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
  • Derivatives: SMC Global offers trading in derivatives, including futures and options contracts on equities.
  • Commodities: Clients can trade in commodities such as metals, energy, and agricultural products through the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX).
  • Currency: SMC Global provides access to the currency market, allowing clients to trade in various currency pairs.
  • US Stocks: SMC Global offers an opportunity for clients to invest in US stocks directly without any hassles, with security and from the comfort of their homes. Clients can invest up to USD 250k per annum under the Liberalised Remittance Scheme (LRS) route.

Accounts

SMC Global offers a variety of account types to suit different trading needs and preferences. These include:

  • Trading Account: A trading account is required for buying and selling stocks in the stock market. SMC Global offers a 2-in-1 account, which includes a trading account and a Demat account. A trading account allows traders to place orders in the market, while a Demat account allows traders to hold their securities in an electronic form. The trading account is linked to the bank account of the trader, from which the funds are debited or credited. The trading account is also linked to the Demat account, from which the securities are transferred or received. SMC Global offers online trading platforms, such as SMC Easy Trade, SMC Mobitrade, and SMC Tab Trade, which enable traders to trade from anywhere and anytime.
  • Demat Account: A Demat account is required for holding stocks and other financial instruments like government bonds, mutual funds, etc. SMC Global offers different types of Demat accounts, including Regular, Repatriable, and Non-repatriable Demat accounts. A Regular Demat account is for Indian residents who want to hold their securities in an electronic form. A Repatriable Demat account is for non-resident Indians (NRIs) who want to hold their securities in an electronic form and transfer them abroad. A Non-repatriable Demat account is for NRIs who want to hold their securities in an electronic form but cannot transfer them abroad. SMC Global offers online access to the Demat account through its website or mobile app, which enables investors to view their holdings and transactions.
  • All-in-one Investment Account: This is a type of account offered by SMC Global that allows investors to invest in stocks, commodities, and other financial instruments. This account is suitable for investors who want to diversify their portfolios and access different asset classes through a single platform. SMC Global offers online investment platforms, such as SMC Easy Invest, SMC Easy SIP, and SMC Easy Gold, which enable investors to invest in various products, such as mutual funds, exchange-traded funds (ETFs), systematic investment plans (SIPs), gold ETFs, etc.

The account opening charges for the SMC Global trading account are Nil, and for the Demat account, it is Rs 499. SMC Global charges Rs 300 AMC for the Demat account. SMC Global provides leverage for equity intraday trading up to 1:10 times the trading account balance. The brokerage charges for SMC Global depend on the plan chosen by the investor. The brokerage charges range from 0.15% to 0.40% for delivery and 0.015% to 0.04% for intraday trading, depending on the plan chosen.

Funding

SMC Global Securities Limited offers various funding methods for clients to deposit and withdraw funds from their trading accounts. Some of the funding methods include:

  • Bank Transfers: Clients can transfer funds to their trading account via bank transfers, such as NEFT, RTGS, and IMPS, from their linked bank account.
  • Cheque Deposits: Clients can deposit cheques to fund their trading accounts.

Please note that the specific funding methods available may vary depending on the type of account and the client’s location

Conclusion

In conclusion, SMC Global is a regulated and diverse broker that offers a range of trading instruments, platforms, tools, and resources to suit different trading needs and preferences. The broker’s commitment to protecting funds, providing education, and delivering competitive trading conditions makes it a viable choice for traders of all levels. However, it’s also prudent to acknowledge that there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

SMC Global Logo

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SMC Global is a regulated and diverse broker that offers a range of trading instruments, platforms, tools, and resources to suit different trading needs and preferences. The broker’s commitment to protecting funds, providing education, and delivering competitive trading conditions makes it a viable choice for traders of all levels.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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