Angel One vs SMC Global

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Angel One
Angel One
Full-service Broker · since 1987
VS
SMC Global
Full-Service Broker · since 1994
SMC Global

Angel One vs SMC Global — quick verdict

Choose Angel One if

You want research and offline support

A full-service broker offering flat ₹20 discount-style pricing, in-house research and one of India's largest branch networks.

Choose SMC Global if

You want research and offline support

Your Financial Partner.

Company overview

Angel One is a full-service broker incorporated in 1987; SMC Global is a full-service broker incorporated in 1994.

ParameterAngel OneSMC Global
Type of broker Full-service Broker Full-Service Broker
Exchange membership BSE · NSE · MCX · NCDEX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 1987 older 1994
Number of branches 900 2,500+ wider
Active clients 66,84,223 larger 4 Lakh+

Charges & AMC

Account-opening and maintenance charges for Angel One and SMC Global compared side by side.

ParameterAngel OneSMC Global
Trading a/c opening ₹0 (Free) ₹0 (Online)
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹240 lower ₹399 + GST per year
DP charges (per ISIN, sell) ₹20 per debit ₹15.93 per debit transaction (including GST) lower

Brokerage charges

How Angel One and SMC Global price each trading segment, per executed order.

ParameterAngel OneSMC Global
Equity Delivery ₹20 or 0.1% (lower) 0.30%
Equity Intraday ₹20 or 0.1% (lower) 0.30%
Equity Futures ₹20 / order 0.30%
Equity Options ₹20 / order ₹20 per executed order
Currency F&O ₹20 / order 0.03%
Commodity F&O ₹20 / order 0.03%
Call & Trade +₹20/order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Angel One and SMC Global, per segment.

ParameterAngel OneSMC Global
Equity Intraday NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE: 0.00297% • BSE: 0.00375%
Equity Delivery NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 NSE: 0.00173%
Equity Options NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) NSE: 0.03503% (on premium)
Currency Future NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) NSE: 0.00035%
Currency Option NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE: 0.03110% (on premium)
Commodity Futures — MCX: 0.00210%
Commodity Options — MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for Angel One and SMC Global — AMC, debit transactions, pledging and remat.

ParameterAngel OneSMC Global
Demat Account Opening Charges Rs 0 (Free) —
Transaction Charges (Buy) Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Annual Maintenance Charges (AMC) Rs 240 per year (Rs 20 per month) ₹399 + GST per year
Demat + Courier charges Rs 50 per certificate —
Remat Rs 50 per certificate —
Pledge Creation Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Pledge Creation Confirmation Nil —
Pledge Invocation Rs 20 per ISIN —
Failed Transactions Nil Nil
Other Charges Rs 50 per request for additional DIS —
Demat Account Opening — ₹0
Debit Transaction Charges — ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges — ₹25 + GST per request
Dematerialisation (Demat) — ₹150 per certificate + GST
Rematerialisation (Remat) — ₹150 per certificate + GST

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Angel One and SMC Global.

ParameterAngel OneSMC Global
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday Up to 20% of trade value (Up to 5x) VAR + ELM Margin (Up to 5x*)
F&O (Eq/Curr/Comm) 100% NRML (Span + Exposure) (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Currency Futures & Options — SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options — SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across Angel One and SMC Global.

ParameterAngel OneSMC Global
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms Super App, Web, Angel SpeedPro SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Intraday square-off 3:15 PM 3:15 PM
Other Daily/weekly research reports Research Reports, Trading Calls, Option Chain, Advanced Charting, Basket Orders, Price Alerts, Portfolio Tracker, Margin Trading Facility (MTF), IPO Investment, Wealth Management

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Angel One and SMC Global.

ParameterAngel OneSMC Global
Trading platforms offered Angel One Super App, Angel One Trade, Angel SpeedPro SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Number of platforms 3 3
Platforms (summary) Super App, Web, Angel SpeedPro SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Mobile / desktop apps Mobile, Web, Desktop Web, Mobile, Desktop

User ratings

User ratings for Angel One and SMC Global across the key parameters.

Rated onAngel OneSMC Global
Fees 3 4.1 better
Brokerage 3 4.2 better
Trading platform 3 4.3 better
Customer service 2.5 4.5 better
Research 2.7 4.8 better
Overall 3.9 4.3 better

Investment options

Which investment products Angel One and SMC Global let you access.

ParameterAngel OneSMC Global
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Angel One and SMC Global.

ParameterAngel OneSMC Global
Bracket Order ✓ Yes ✓ Yes
Cover Order ✓ Yes ✓ Yes
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✕ No ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for Angel One and SMC Global.

ParameterAngel OneSMC Global
SEBI registration INZ000161534 INZ000199438
NSE member code 12798 06611
Year of incorporation 1987 longer track record 1994
Net worth ₹4,620.22 Cr stronger ₹3,215+ Cr
Exchange memberships BSE · NSE · MCX · NCDEX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.016% 0.004% fewer complaints

Complaints record

Exchange complaint data for Angel One and SMC Global — the ratio matters more than the raw count.

ParameterAngel OneSMC Global
Latest financial year 2025-26 2025–26
Exchange NSE NSE
Active clients 67,45,594 larger base 4,21,538
Complaints filed 1,070 17
Complaint ratio 0.016% 0.004% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

Angel One

▲ Pros

  • ✓ Full-service research at flat ₹20 discount-style pricing.
  • ✓ Flat fee across segments & exchanges.
  • ✓ Free research, advisory and trading tips.
  • ✓ Margin trading & securities as collateral available.
  • ✓ No charge for NEFT / fund transfers.
  • ✓ Local sub-broker / RM support.

▼ Cons

  • ✕ Margin funding can be applied without notice.
  • ✕ No trading in SME shares.
  • ✕ Sales team may cross-sell other products.
  • ✕ GTC / GTT order facility not available.
  • ✕ Does not offer a 3-in-1 account.
SMC Global

▲ Pros

  • ✓ Strong equity, commodity, and currency research.
  • ✓ Wide range of investment and wealth management products.
  • ✓ Large nationwide branch and franchise network.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, bonds, PMS, and insurance.
  • ✓ Advanced web, mobile, and desktop trading platforms.
  • ✓ Dedicated relationship managers and advisory services.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Some advanced advisory services are available only to premium clients.
  • ✕ Trading platforms may have a steeper learning curve for beginners.
  • ✕ Call & Trade charges apply.
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Compare SMC Global with

SMC Global vs Zerodha SMC Global vs Upstox SMC Global vs Groww SMC Global vs ICICI Direct SMC Global vs Kotak Neo SMC Global vs HDFC Securities SMC Global vs SBI Securities SMC Global vs Motilal Oswal SMC Global vs Paytm Money SMC Global vs Mirae Asset Sharekhan SMC Global vs Axis Direct SMC Global vs 5paisa SMC Global vs Choice Broking SMC Global vs m.Stock SMC Global vs Sahi SMC Global vs FYERS Securities SMC Global vs Anand Rathi SMC Global vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.