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SMC Global vs Flattrade: Comparison of Brokerage Charges & Plans for 2024

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Table of Contents

SMC Global vs Flattrade: Commodity Futures       

SMC Global vs Flattrade: Currency Futures

SMC Global vs Flattrade: Equity Delivery  

SMC Global vs Flattrade: Equity Options   

SMC Global vs Flattrade: Commodity Options       

SMC Global vs Flattrade: Equity Futures    

SMC Global vs Flattrade: Currency Options          

SMC Global vs Flattrade: Fixed Charges    

SMC Global vs Flattrade: Equity Intraday  

Conclusion

Choosing the right online trading platform is a crucial decision for investors looking to navigate the complex world of financial markets. In 2024, two prominent players in the online brokerage industry are SMC Global and Flattrade. Here is a comprehensive SMC Global vs Flattrade comparison, comparing the brokerage charges and plans offered by these platforms to help investors make an informed decision.

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SMC Global vs Flattrade: Commodity Futures         

SMC Global offers a tiered structure for Commodity Futures trading, featuring various plans with corresponding brokerage rates. The SMC Global Elite plan carries a brokerage rate of 0.015%, accompanied by a cashback incentive of 50,000. The Premia plan follows with a 0.02% brokerage rate and a cashback offer of 25,000.

The Preferred plan has a 0.03% brokerage rate with a 10,000 cashback incentive. The Lite-Basic plan features a 0.035% brokerage rate, offering a cashback of 2,500, while the Basic plan has a 0.04% brokerage rate and a cashback of 1,000. These plans provide traders with options based on their preferences and trading volumes, ensuring a tailored approach to Commodity Futures trading on the SMC Global platform.

In contrast, Flattrade offers a simplified approach with a flat ₹0 brokerage fee, making it an appealing choice for those seeking a commission-free trading experience.

Read on: Flattrade vs. SMC Global 2024: Comparison of Charges across Different Segments.

SMC Global vs Flattrade: Currency Futures

SMC Global offers various Currency Futures plans, including Elite with a brokerage rate of 0.015% and a cashback of 50k, SMC Global Premia plan with a rate of 0.02% and a cashback of 25k, Preferred with a rate of 0.03% and a cashback of 10k, Lite-Basic with a rate of 0.035% and a cashback of 2.5k, and Basic with a rate of 0.04% and a cashback of 1k.

Flattrade, in contrast, provides a zero-cost (₹0) plan, making it a free option for those looking to engage in currency trading.

SMC Global vs Flattrade: Equity Delivery     

SMC Global offers varying brokerage rates for equity delivery based on different plans, including Elite at 0.15% with a cashback of 50k, Premia at 0.20% with a cashback of 25k, SMC Global Preferred plan at 0.30% with a cashback of 10k, Lite-Basic at 0.35% with a cashback of 2.5k, and Basic at 0.40% with a cashback of 1k.

On the other hand, Flattrade provides a straightforward pricing structure with zero brokerage fees for equity delivery, making it a cost-effective option for investors..

SMC Global vs Flattrade: Equity Options      

SMC Global offers a tiered structure with various equity options brokerage plans: Elite at ₹30 per lot with a cashback of 50k, Premia at ₹40 per lot with a cashback of 25k, Preferred at ₹50 per lot with a cashback of 10k, SMC Global Lite-Basic plan at ₹60 per lot with a cashback of 2.5k, and Basic at ₹75 per lot with a cashback of 1k.

As expected, Flattrade provides a straightforward and cost-effective option with a flat fee of ₹0, making it a free option for equity options trading.

SMC Global vs Flattrade: Commodity Options        

SMC Global offers various Commodity Options plans, each with its own brokerage rates and corresponding cashback benefits. The Elite plan has a brokerage rate of 0.015%, with a cashback of 50k. The Premia plan features a 0.02% brokerage rate and a cashback of 25k. The Preferred plan comes with a 0.03% brokerage rate and a cashback of 10k, while the Lite-Basic plan has a 0.035% brokerage rate and a cashback of 2.5k. The SMC Global Basic plan offers a 0.04% brokerage rate with a cashback of 1k.

On the other hand, Flattrade provides Commodity Options trading at a flat rate of ₹0, making it a free option for users.

SMC Global vs Flattrade: Equity Futures       

In the realm of equity futures trading, SMC Global offers a tiered brokerage structure: Elite at 0.015% with a cashback of 50k, Premia at 0.02% with a cashback of 25k, Preferred at 0.03% with a cashback of 10k, Lite-Basic at 0.035% with a cashback of 2.5k, and Basic at 0.04% with a cashback of 1k.

On the other hand, Flattrade stands out with a straightforward approach, charging a flat fee of ₹0, making it a free and cost-effective option for equity futures trading.

SMC Global vs Flattrade: Currency Options 

In SMC Global Currency Options, investors can get a tiered fee structure with varying percentages for different plans: Elite at 0.015% (with a brokerage cash back of 50k), Premia at 0.02% (with a brokerage cash back of 25k), Preferred at 0.03% (with a brokerage cash back of 10k), Lite-Basic at 0.035% (with a brokerage cash back of 2.5k), and Basic at 0.04% (with a brokerage cash back of 1k).

In contrast, Flattrade stands out with a straightforward and competitive pricing model, offering Currency Options trading at a fixed rate of ₹0, making it a cost-effective and accessible choice for investors.

SMC Global vs Flattrade: Fixed Charges        

SMC Global’s fixed charges are structured across various plans: Elite at 0.015% with a cashback of 50k, Premia at 0.02% with a cashback of 25k, Preferred at 0.03% with a cashback of 10k, Lite-Basic at 0.035% with a cashback of 2.5k, and Basic at 0.04% with a cashback of 1k.

Flattrade, on the other hand, offers a straightforward fee structure with a flat rate of ₹0, making it a free trading option.

Read on: Flattrade Charges 2024: Top Charges Explained for You.

SMC Global vs Flattrade: Equity Intraday     

SMC Global offers various plans in the realm of Equity Intraday trading, with corresponding brokerage rates: Elite at 0.015% with a cashback of 50k, Premia at 0.02% with a cashback of 25k, Preferred at 0.03% with a cashback of 10k, Lite-Basic at 0.035% with a cashback of 2.5k, and Basic at 0.04% with a cashback of 1k.

On the other hand, Flattrade simplifies its pricing structure with a straightforward ₹0 (Free) brokerage charge for Equity Intraday trading.

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Conclusion

To sum up, SMC Global, being a full serive broker, has a nuanced approach and is useful for the long term investors who want to invest in different assets like mutual funds, PMS, stocks, insurances etc. Being an Old Player in industry you can trust on it and may invest heavy amounts through their platforms.

Flattrade stands out for its simplicity and affordability, providing a zero-cost (₹0) brokerage fee for all segments like delivery, Equity Intraday trading and F&O. So it is useful for the day traders or Swing traders because they can save a lot of cost because of zero brokerage.

I Hope this Article helped you find right broker of your choice. You can also consider opening account in Angelone if you are an investor and Upstox if you are a trader.


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