FYERS Securities vs SMC Global

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

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
SMC Global
Full-Service Broker · since 1994
SMC Global

FYERS Securities vs SMC Global — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose SMC Global if

You want research and offline support

Your Financial Partner.

Company overview

FYERS Securities is a discount broker incorporated in 2015; SMC Global is a full-service broker incorporated in 1994.

ParameterFYERS SecuritiesSMC Global
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2015 1994 older
Number of branches 98+ 2,500+ wider
Active clients 10 Lakh+ larger 4 Lakh+

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and SMC Global compared side by side.

ParameterFYERS SecuritiesSMC Global
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 lower ₹399 + GST per year
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹15.93 per debit transaction (including GST)

Brokerage charges

How FYERS Securities and SMC Global price each trading segment, per executed order.

ParameterFYERS SecuritiesSMC Global
Equity Delivery ₹0 (Free) 0.30%
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) 0.30%
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) 0.30%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) 0.03%
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) 0.03%
Call & Trade ₹50 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and SMC Global, per segment.

ParameterFYERS SecuritiesSMC Global
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

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

ParameterFYERS SecuritiesSMC Global
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 ₹399 + GST per year
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹12.5 + GST per ISIN ₹25 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and SMC Global.

ParameterFYERS SecuritiesSMC Global
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across FYERS Securities and SMC Global.

ParameterFYERS SecuritiesSMC 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 FYERS Web, FYERS Mobile App, FYERS One SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) 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 FYERS Securities and SMC Global.

ParameterFYERS SecuritiesSMC Global
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Number of platforms 3 3
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for FYERS Securities and SMC Global across the key parameters.

Rated onFYERS SecuritiesSMC Global
Fees 4.9 better 4.1
Brokerage 4.9 better 4.2
Trading platform 4.9 better 4.3
Customer service 4.4 4.5 better
Research 4.2 4.8 better
Overall 4.7 better 4.3

Investment options

Which investment products FYERS Securities and SMC Global let you access.

ParameterFYERS SecuritiesSMC 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 FYERS Securities and SMC Global.

ParameterFYERS SecuritiesSMC Global
Bracket Order ✕ No ✓ Yes better
Cover Order ✕ No ✓ Yes better
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for FYERS Securities and SMC Global.

ParameterFYERS SecuritiesSMC Global
SEBI registration INZ000166137 INZ000199438
NSE member code 12768 06611
Year of incorporation 2015 1994 longer track record
Net worth ₹1,348+ Cr ₹3,215+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.002% fewer complaints 0.004%

Complaints record

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

ParameterFYERS SecuritiesSMC Global
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 10,87,436 larger base 4,21,538
Complaints filed — 17
Complaint ratio 0.002% fewer complaints 0.004%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
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.
Open FYERS Securities Account Open SMC Global Account

Explore more comparisons

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Compare SMC Global with

SMC Global vs Zerodha SMC Global vs Angel One 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 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.