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Interactive Brokers vs SMC Global – Compare Charges, Trading Features, Offers & more

Find a Comparison of Interactive Brokers 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 Interactive Brokers and SMC Global.

Background

Year of Incorporation 1977 1994
Website https://www.interactivebrokers.co.in/en/home.php https://smcindiaonline.com/
Phone +91 22-61289888 011-30111444
Exchanges enabled NSE (plus over 100 market centers across 24 countries). NSE, BSE, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL NSDL, CDSL
Brokerage

Equity 0.05% per Executed Order 0.03% for Intraday & 0.3% for Delivery - Negotiable
Equity Futures 0.01% per Executed Order 0.03% of Turnover - Negotiable
Equity Options Rs 25 per lot per Rs 70/lot - Negotiable
Currency Futures 0.01% per Executed Order Rs 20/lot- Negotiable
Currency Options 0.01% per Executed Order 0.03% of Turnover- Negotiable
Commodity Rs 50 per lot per 0.03% of Turnover- Negotiable
Account Opening Costs

Trading only Rs 0 NA
Trading & Demat Rs 400 Rs 1000
Commodity Not Available Rs 500
Transparency & other costs

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

Equity 0.00325% 0.0035% of Turnover
Futures 0.0019 % 0.0029% of Turnover
Options 0.05% 0.065% of Premium Turnover
Commodities Not available 0.0030% of Turnover
AMC charge NIL Rs 300/year
DP Transaction Charge NIL Rs 25/debit transaction
Offline order placing Charge Rs 1500 per order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 Days 5 Days on ODIN
End of Day 1 Year 5 years on ODIN
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 2x intraday and overnight leverage Upto 10 times Intraday, Delivery upto 3 times @Interest
Equity Futures Upto 2x for Intraday Upto 2 times Intraday
Equity Options Buying 0 & Shorting upto 2x for Intraday No Leverage
Currency Futures Upto 2x for Intraday No Leverage
Currency Options Buying 0 & Shorting upto 2x for Intraday No Leverage
Commodity Not Available 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 104.1 Crores Rs 47.8 Crores
Profit after Tax FY12/13 Rs 63.01 Crores Rs 51.3 Crores
Profit after Tax FY13/14 Rs 64.75 Crores Rs 57.30 Crores
Profit after Tax FY 14/15 Rs 74.30 Crores Rs 41.18 Crores
Profit after Tax FY 15/16 Rs 89.41 Crores Rs 73.20 Crores
Profit after Tax FY 16/17 Rs 79.38 Crores Rs 60.16 Crores
Profit after Tax FY 17/18 Rs 79.67 Crores Rs 65.08 Crores
Profit after Tax FY 18/19 Rs 93.62 Crores Rs 49.38 Crores
Profit after Tax FY 19/20 Rs 89.06 Crores Rs 60.60 Crores
Profit after Tax FY 20/21 Rs 99.53 Crores Rs 57.23 Crores
Profit after Tax FY 21/22 Rs 85.24 Crores Rs 53.74 Crores
Profit after Tax FY 22/23 Rs 78.27 Crores Rs 56.57 Crores
Debt FY11/12 Rs 17.67 Crores Rs 121.6 Crores
Debt FY12/13 Rs 13.43 Crores Rs 29.7 Crores
Debt FY13/14 Rs 21.88 Crores Rs 41.7 Crores
Debt FY14/15 Rs 21.05 Crores Rs 40.21 Crores
Debt FY15/16 Rs 23.05 Crores Rs 51.76 Crores
Debt FY16/17 Rs 22.53 Crores Rs 60.67 Crores
Debt FY17/18 Rs 22.09 Crores Rs 61.80 Crores
Debt FY18/19 Rs 23.67 Crores Rs 55.53 Crores
Debt FY19/20 Rs 21.41 Crores Rs 62.54 Crores
Debt FY20/21 Rs 24.02 Crores Rs 48.47 Crores
Debt FY21/22 Rs 27.09 Crores Rs 65.88 Crores
Debt FY22/23 Rs 21.78 Crores Rs 43.25 Crores
Profit to Equity(%) FY11/12 14.94 18.78
Profit to Equity(%) FY12/13 7.29 20.52
Profit to Equity(%) FY13/14 9.71 20.52
Profit to Equity(%) FY14/15 9.01 21.49
Profit to Equity(%) FY15/16 9.64 14.10
Profit to Equity(%) FY16/17 10.04 21.34
Profit to Equity(%) FY17/18 10.14 15.67
Profit to Equity(%) FY18/19 11.34 21.67
Profit to Equity(%) FY19/20 13.24 19.70
Profit to Equity(%) FY20/21 12.52 24.91
Profit to Equity(%) FY21/22 17.85 28.75
Profit to Equity(%) FY22/23 14.56 23.57
Balance Sheet Size FY11/12 Rs 908 Crores Rs 986.9 Crores
Balance Sheet Size FY12/13 Rs 977 Crores Rs 1486.88 Crores
Balance Sheet Size FY13/14 Rs 990.08 Crores Rs 1534.04 Crores
Balance Sheet Size FY14/15 Rs 968.51 Crores Rs 1534.04 Crores
Balance Sheet Size FY15/16 Rs 1071.18 Crores Rs 1623.73 Crores
Balance Sheet Size FY16/17 Rs 1098.72 Crores Rs 1050.99 Crores
Balance Sheet Size FY17/18 Rs 1110.91 Crores Rs 1266.16 Crores
Balance Sheet Size FY18/19 Rs 1095.94 Crores Rs 1211.62 Crores
Balance Sheet Size FY19/20 Rs 1369.20 Crores Rs 1786.58 Crores
Balance Sheet Size FY20/21 Rs 1391.66 Crores Rs 1711.68 Crores
Balance Sheet Size FY21/22 Rs 1293.62 Crores Rs 1315.81 Crores
Balance Sheet Size FY22/23 Rs 1627.43 Crores Rs 998.72 Crores

Comparison Link:

Compare Interactive Brokers Compare SMC Global
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Interactive Brokers Vs Cholamandalam Securities SMC Global Vs Cholamandalam Securities
Interactive Brokers Vs Choice Equity Broking SMC Global Vs Choice Equity Broking
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Interactive Brokers Vs Beeline Broking SMC Global Vs Beeline Broking
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Interactive Brokers Vs Axis Direct SMC Global Vs Axis Direct
Interactive Brokers Vs ASE Capital Markets SMC Global Vs ASE Capital Markets
Interactive Brokers Vs Arihant Capital SMC Global Vs Arihant Capital
Interactive Brokers Vs Alice Blue SMC Global Vs Alice Blue
Interactive Brokers Vs 5Paisa SMC Global Vs 5Paisa
Interactive Brokers Vs M.stock SMC Global Vs M.stock
Interactive Brokers Vs WisdomCapital SMC Global Vs WisdomCapital
Interactive Brokers Vs Way2wealth SMC Global Vs Way2wealth
Interactive Brokers Vs Ventura Securities SMC Global Vs Ventura Securities
Interactive Brokers Vs Navia Markets Ltd SMC Global Vs Navia Markets Ltd
Interactive Brokers Vs Tradejini SMC Global Vs Tradejini
Interactive Brokers Vs Tata Securities SMC Global Vs Tata Securities
Interactive Brokers Vs Swastika Investmart SMC Global Vs Swastika Investmart
Interactive Brokers Vs SBICAP Securities SMC Global Vs SBICAP Securities
Interactive Brokers Vs SASOnline SMC Global Vs SASOnline
Interactive Brokers Vs Samco securities SMC Global Vs Samco securities
Interactive Brokers Vs RK Global SMC Global Vs RK Global
Interactive Brokers Vs Reliance Securities SMC Global Vs Reliance Securities
Interactive Brokers Vs Nirmal Bang SMC Global Vs Nirmal Bang
Interactive Brokers Vs Master Trust Capital SMC Global Vs Master Trust Capital
Interactive Brokers Vs Kotak Securities SMC Global Vs Kotak Securities
Interactive Brokers Vs IIFL Securities SMC Global Vs IIFL Securities
Interactive Brokers Vs Dhani SMC Global Vs Dhani
Interactive Brokers Vs IDBI Capital SMC Global Vs IDBI Capital
Interactive Brokers Vs HDFC Securities SMC Global Vs HDFC Securities
Interactive Brokers Vs Geojit SMC Global Vs Geojit
Interactive Brokers Vs Fyers Securities SMC Global Vs Fyers Securities
Interactive Brokers Vs Edelweiss Capital SMC Global Vs Edelweiss Capital
Interactive Brokers Vs Easytradez SMC Global Vs Easytradez
Interactive Brokers Vs Rupeezy SMC Global Vs Rupeezy
Interactive Brokers Vs Anand Rathi SMC Global Vs Anand Rathi
Interactive Brokers Vs Aditya Birla Money SMC Global Vs Aditya Birla Money
Interactive Brokers Vs Achiievers SMC Global Vs Achiievers
Interactive Brokers Vs A C Choksi SMC Global Vs A C Choksi
Interactive Brokers Vs Angel Broking SMC Global Vs Angel Broking
Interactive Brokers Vs Motilal Oswal SMC Global Vs Motilal Oswal
Interactive Brokers Vs ICICI Direct SMC Global Vs ICICI Direct
Interactive Brokers Vs Sharekhan SMC Global Vs Sharekhan
Interactive Brokers Vs Groww SMC Global Vs Groww
Interactive Brokers Vs Tradesmart Online SMC Global Vs Tradesmart Online
Interactive Brokers Vs Upstox SMC Global Vs Upstox
Interactive Brokers Vs Zerodha SMC Global Vs Zerodha

Frequently Asked Questions

Is Interactive Brokers better than SMC Global ?

Interactive Brokers 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 Interactive Brokers ?

Interactive Brokers 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 Interactive Brokers cheaper than SMC Global ?

Interactive Brokers 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 Interactive Brokers ?

Interactive Brokers 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 Interactive Brokers vs. SMC Global ?

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