Jainam Broking Limited vs SMC Global

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

Jainam Broking Limited
Jainam Broking Limited
Full-Service Broker · since 2003
VS
SMC Global
Full-Service Broker · since 1994
SMC Global

Jainam Broking Limited vs SMC Global — quick verdict

Choose Jainam Broking Limited if

You want research and offline support

Investing with Trust.

Choose SMC Global if

You want research and offline support

Your Financial Partner.

Company overview

Jainam Broking Limited is a full-service broker incorporated in 2003; SMC Global is a full-service broker incorporated in 1994.

ParameterJainam Broking LimitedSMC Global
Type of broker Full-Service Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2003 1994 older
Number of branches 100+ 2,500+ wider
Active clients 2 Lakh+ 4 Lakh+ larger

Charges & AMC

Account-opening and maintenance charges for Jainam Broking Limited and SMC Global compared side by side.

ParameterJainam Broking LimitedSMC Global
Trading a/c opening ₹0 (Online) ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year lower ₹399 + GST per year
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) ₹15.93 per debit transaction (including GST)

Brokerage charges

How Jainam Broking Limited and SMC Global price each trading segment, per executed order.

ParameterJainam Broking LimitedSMC Global
Equity Delivery 0.30% 0.30%
Equity Intraday 0.03% 0.30%
Equity Futures 0.03% 0.30%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O Not Available 0.03%
Commodity F&O 0.03% 0.03%
Call & Trade ₹20 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Jainam Broking Limited and SMC Global, per segment.

ParameterJainam Broking LimitedSMC 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)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)
Currency Futures — NSE: 0.00035%
Currency Options — NSE: 0.03110% (on premium)

Demat & DP charges

Depository (demat) charges for Jainam Broking Limited and SMC Global — AMC, debit transactions, pledging and remat.

ParameterJainam Broking LimitedSMC Global
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹399 + GST per year
Debit Transaction Charges ₹15.93 per debit transaction (including GST) ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹25 + GST per request ₹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 Jainam Broking Limited and SMC Global.

ParameterJainam Broking LimitedSMC 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)
Commodity 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)

Features & account

Account type and feature availability across Jainam Broking Limited and SMC Global.

ParameterJainam Broking LimitedSMC Global
3-in-1 account ✕ No ✕ No
Automated / API trading ✕ No ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Jainam Web, Jainam Mobile App, Jainam Trade Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Intraday square-off 3:15 PM 3:15 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), SIP Investment 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 Jainam Broking Limited and SMC Global.

ParameterJainam Broking LimitedSMC Global
Trading platforms offered Jainam Web, Jainam Mobile App, Jainam Trade Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Number of platforms 3 3
Platforms (summary) Jainam Web, Jainam Mobile App, Jainam Trade Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for Jainam Broking Limited and SMC Global across the key parameters.

Rated onJainam Broking LimitedSMC Global
Fees 4 4.1 better
Brokerage 4.1 4.2 better
Trading platform 4.2 4.3 better
Customer service 4.5 4.5
Research 4.6 4.8 better
Overall 4.2 4.3 better

Investment options

Which investment products Jainam Broking Limited and SMC Global let you access.

ParameterJainam Broking LimitedSMC 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 Jainam Broking Limited and SMC Global.

ParameterJainam Broking LimitedSMC 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 Jainam Broking Limited and SMC Global.

ParameterJainam Broking LimitedSMC Global
SEBI registration INZ000209933 INZ000199438
NSE member code 90484 06611
Year of incorporation 2003 1994 longer track record
Net worth ₹150+ Cr ₹3,215+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.004% 0.004%

Complaints record

Exchange complaint data for Jainam Broking Limited and SMC Global — the ratio matters more than the raw count.

ParameterJainam Broking LimitedSMC Global
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 2,08,614 4,21,538 larger base
Complaints filed 9 17
Complaint ratio 0.004% 0.004%

Pros & cons

The main advantages and drawbacks of each broker.

Jainam Broking Limited

▲ Pros

  • ✓ Personalized investment advisory and relationship managers.
  • ✓ Strong equity and commodity research support.
  • ✓ Offers stocks, F&O, commodities, IPOs, mutual funds, bonds, SIPs, and insurance.
  • ✓ Easy-to-use web, mobile, and desktop trading platforms.
  • ✓ Good customer support with regional branch presence.
  • ✓ Suitable for long-term investors seeking research-backed recommendations.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Limited branch network compared to larger national brokers.
  • ✕ Call & Trade charges apply.
  • ✕ Advanced wealth management services may be available only for select clients.
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 Jainam Broking Limited Account Open SMC Global Account

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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 FYERS Securities SMC Global vs Anand Rathi
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.