ICICI Direct vs SMC Global – Compare Charges, Trading Features, Offers & more

Find a Comparison of ICICI Direct vs SMC Global here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of ICICI Direct and SMC Global.

Background

Year of Incorporation 2000 1994
Website https://www.icicidirect.com/ https://smcindiaonline.com/
Phone 022 3355 1122 011-30111444
Exchanges enabled NSE & BSE NSE, BSE, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL & CDSL NSDL, CDSL
Brokerage

Equity 0.05% Equity Intraday 0.03% for Intraday & 0.3% for Delivery - Negotiable
Equity Futures 0.05% or Rs 50 per Trade 0.03% of Turnover - Negotiable
Equity Options 0.05% or Rs 50 per Trade Rs 70/lot - Negotiable
Currency Futures Rs 20 per executed order Rs 20/lot- Negotiable
Currency Options Rs 20 per executed order 0.03% of Turnover- Negotiable
Commodity Rs 20 per executed order 0.03% of Turnover- Negotiable
Account Opening Costs

Trading only Free NA
Trading & Demat Rs 975 for 3 in 1 Account Rs 1000
Commodity Rs 0 Rs 500
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover 0.0035% of Turnover
Futures 0.0019% of Turnover 0.0029% of Turnover
Options 0.05% of Turnover 0.065% of Premium Turnover
Commodities 0.05% of Turnover 0.0030% of Turnover
AMC charge Rs 700 per Year Rs 300/year
DP Transaction Charge Rs 25/Transaction or 0.05% whichever higher Rs 25/debit transaction
Offline order placing Charge 0 NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days 5 Days on ODIN
End of Day 10 years 5 years on ODIN
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 5x on Intraday Upto 10 times Intraday, Delivery upto 3 times @Interest
Equity Futures Upto 4x Upto 2 times Intraday
Equity Options Not for buying but upto 2x for shorting No Leverage
Currency Futures 1x No Leverage
Currency Options 1x No Leverage
Commodity 1x Upto 3 times Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 77.1 Crores Rs 47.8 Crores
Profit after Tax FY12/13 Rs 68.2 Crores Rs 51.3 Crores
Profit after Tax FY13/14 Rs 74.9 Crores Rs 57.30 Crores
Profit after Tax FY 14/15 Rs 79.52 Crores Rs 41.18 Crores
Profit after Tax FY 15/16 Rs 96.88 Crores Rs 73.20 Crores
Profit after Tax FY 16/17 Rs 132.64 Crores Rs 60.16 Crores
Profit after Tax FY 17/18 Rs 100.80 Crores Rs 65.08 Crores
Profit after Tax FY 18/19 Rs 134.63 Crores Rs 49.38 Crores
Profit after Tax FY 19/20 Rs 123.16 Crores Rs 60.60 Crores
Profit after Tax FY 20/21 Rs 85.59 Crores Rs 57.23 Crores
Profit after Tax FY 21/22 Rs 105.82 Crores Rs 53.74 Crores
Profit after Tax FY 22/23 Rs 115.43 Crores Rs 56.57 Crores
Debt FY11/12 Rs 209 Crores Rs 121.6 Crores
Debt FY12/13 Rs 219 Crores Rs 29.7 Crores
Debt FY13/14 Rs 317 Crores Rs 41.7 Crores
Debt FY14/15 Rs 350.83 Crores Rs 40.21 Crores
Debt FY15/16 Rs 462.09 Crores Rs 51.76 Crores
Debt FY16/17 Rs 335.99 Crores Rs 60.67 Crores
Debt FY17/18 Rs 555.66 Crores Rs 61.80 Crores
Debt FY18/19 Rs 559.36 Crores Rs 55.53 Crores
Debt FY19/20 Rs 389.28 Crores Rs 62.54 Crores
Debt FY20/21 Rs 536.48 Crores Rs 48.47 Crores
Debt FY21/22 Rs 598.99 Crores Rs 65.88 Crores
Debt FY22/23 Rs 582.15 Crores Rs 43.25 Crores
Profit to Equity(%) FY11/12 32% 18.78
Profit to Equity(%) FY12/13 21% 20.52
Profit to Equity(%) FY13/14 27.07% 20.52
Profit to Equity(%) FY14/15 29.22% 21.49
Profit to Equity(%) FY15/16 30.63% 14.10
Profit to Equity(%) FY16/17 32.89% 21.34
Profit to Equity(%) FY17/18 41.55% 15.67
Profit to Equity(%) FY18/19 40.19% 21.67
Profit to Equity(%) FY19/20 26.41% 19.70
Profit to Equity(%) FY20/21 33.02% 24.91
Profit to Equity(%) FY21/22 41.00% 28.75
Profit to Equity(%) FY22/23 43.78% 23.57
Balance Sheet Size FY11/12 Rs 908 Crores Rs 986.9 Crores
Balance Sheet Size FY12/13 Rs 948 Crores Rs 1486.88 Crores
Balance Sheet Size FY13/14 Rs 1620 Crores Rs 1534.04 Crores
Balance Sheet Size FY14/15 Rs 1857.26 Crores Rs 1534.04 Crores
Balance Sheet Size FY15/16 Rs 1903.86 Crores Rs 1623.73 Crores
Balance Sheet Size FY16/17 Rs 1983.64 Crores Rs 1050.99 Crores
Balance Sheet Size FY17/18 Rs 2222.18 Crores Rs 1266.16 Crores
Balance Sheet Size FY18/19 Rs 2350.41 Crores Rs 1211.62 Crores
Balance Sheet Size FY19/20 Rs 2470.58 Crores Rs 1786.58 Crores
Balance Sheet Size FY20/21 Rs 2747.85 Crores Rs 1711.68 Crores
Balance Sheet Size FY21/22 Rs 2921.25 Crores Rs 1315.81 Crores
Balance Sheet Size FY22/23 Rs 3061.50 Crores Rs 998.72 Crores

Comparison Link:

Compare ICICI Direct Compare SMC Global
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Frequently Asked Questions

Is ICICI Direct better than SMC Global ?

ICICI Direct and SMC Global are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is SMC Global better than ICICI Direct ?

ICICI Direct and SMC Global are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is ICICI Direct cheaper than SMC Global ?

ICICI Direct and SMC Global are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is SMC Global cheaper than ICICI Direct ?

ICICI Direct and SMC Global are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better ICICI Direct vs. SMC Global ?

To find out the better of the two stockbrokers ICICI Direct and SMC Global, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.