The side-by-side comparison of SMC Global and Firstock NRI Account. Compare SMC Global Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and SMC Global NRI Account reviews.
Find out SMC Global Vs Firstock which is better NRI Trading Account. See SMC Global Vs Firstock which is best NRI Demat Account.
Our SMC Global Limited comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between SMC Global and Firstock NRI Account.
| SMC Global | Firstock | |
|---|---|---|
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| About the Broker | SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... | Firstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati... |
| Account Type | NRI Account | Equity (PIS) |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges.
Open Free Demat account
with Firstock and start trading today. |
| SMC Global | Firstock | |
|---|---|---|
| NRI Account Opening Fees | ₹1000 | |
| NRI Account AMC | ₹0 | |
| NRI Demat Account Opening Fees | Rs 499 | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 300 | Rs 0 (Free) |
| PIS Account AMC | NA | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Firstock Account |
| Account Type | SMC Global NRI Account | Firstock Equity (PIS) |
|---|---|---|
| Equity Delivery | 0.50% | 0.5% or Rs 200 per order, whichever is lower |
| Equity Futures | 0.05% | Rs 100 per executed order |
| Equity Options | ₹75 per lot | Rs 100 per executed order |
| Open Firstock Account |
| Contract Note Reporting Charges | NA | |
| Other Brokerage Charges | Demat AMC: ₹1180, Min Brokerage: ₹20 | Equity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower |
| TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
| TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
| SMC Global | Firstock | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
| SMC Global Margin | Firstock Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage. | ||
| SMC Global | Firstock | |
|---|---|---|
| 3-in-1 Account |  | |
| Automated Trading | | |
| Free Research And Tips |  | |
| Other Features | ||
| Open Firstock Account |
| SMC Global Review | Firstock Review | |
|---|---|---|
36 Customer Reviews  | 1 Customer Reviews | |
| Fees |  |  |
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| Trading Platform |  | |
| Customer Service | | |
| Overall Rating |  | |
| Broker Rating | SMC Global is Rated 3.8 / 5 based on 36 customer reviews | Firstock is Rated 3.0 / 5 based on 1 customer reviews |
| Open Firstock Account |
| SMC Global Enquire | SMC Global Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges.
Open Free Demat account
with Firstock and start trading today. |
| SMC Global | Firstock | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options | Debt Funds, Bonds, ETF, Insurance |
| SMC Global | Firstock | |
|---|---|---|
| Customer Care Number | +91-11-25754371, 91- 9650988009 | |
| Customer Care Email | nridesk@smcindiaonline.com | |
| Open Firstock Account |
| SMC Global | Firstock | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| SMC Global | Firstock | |
|---|---|---|
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| Cons |
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Conclusion | SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers. | |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| FirstockSpecial OfferUnlimited Trades @ ZERO Brokerage on Delivery trades
This is a limited-time offer. Open a Free Demat Account online and start trading today. |
| Open Firstock Account |
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