Mirae Asset Sharekhan vs SMC Global

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

Mirae Asset Sharekhan
Mirae Asset Sharekhan
Full-Service Broker · since 2000
VS
SMC Global
Full-Service Broker · since 1994
SMC Global

Mirae Asset Sharekhan vs SMC Global — quick verdict

Choose Mirae Asset Sharekhan if

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Get the power of experience on your side.

Choose SMC Global if

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Your Financial Partner.

Company overview

Mirae Asset Sharekhan is a full-service broker incorporated in 2000; SMC Global is a full-service broker incorporated in 1994.

ParameterMirae Asset SharekhanSMC Global
Type of broker Full-Service Broker Full-Service Broker
Exchange membership NSE · BSE · MCX · NCDEX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2000 1994 older
Number of branches 900+ 2,500+ wider
Active clients 32 Lakh+ larger 4 Lakh+

Charges & AMC

Account-opening and maintenance charges for Mirae Asset Sharekhan and SMC Global compared side by side.

ParameterMirae Asset SharekhanSMC 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 ₹0 (1st Year), then ₹400 + GST per year ₹399 + GST per year lower
DP charges (per ISIN, sell) ₹25 per debit transaction + GST ₹15.93 per debit transaction (including GST) lower

Brokerage charges

How Mirae Asset Sharekhan and SMC Global price each trading segment, per executed order.

ParameterMirae Asset SharekhanSMC Global
Equity Delivery 0.30% 0.30%
Equity Intraday 0.02% 0.30%
Equity Futures 0.02% 0.30%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.02% 0.03%
Commodity F&O 0.02% 0.03%
Call & Trade ₹0 ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Mirae Asset Sharekhan and SMC Global, per segment.

ParameterMirae Asset SharekhanSMC 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 Mirae Asset Sharekhan and SMC Global — AMC, debit transactions, pledging and remat.

ParameterMirae Asset SharekhanSMC Global
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 (1st Year), then ₹400 + GST per year ₹399 + GST per year
Debit Transaction Charges ₹25 per debit transaction + GST ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹30 + GST per request ₹25 + GST per request
Dematerialisation (Demat) ₹50 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹50 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Mirae Asset Sharekhan and SMC Global.

ParameterMirae Asset SharekhanSMC Global
Equity Delivery Up to 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin rules (Up to 5x (eligible stocks)) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (1x) SPAN + Exposure Margin (As per available margin)
Equity Options Premium + SPAN (for option writing) (As per exchange norms) Premium Value (Not Applicable)
Currency Derivatives SPAN + Exposure Margin (As per exchange norms) SPAN + Exposure Margin (As per available margin)
Commodity Derivatives SPAN + Exposure Margin (As per exchange norms) 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 Mirae Asset Sharekhan and SMC Global.

ParameterMirae Asset SharekhanSMC Global
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Sharekhan App, Sharekhan Web Trading Platform, TradeTiger SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Intraday square-off 3:15 PM 3:15 PM
Other Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. 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 Mirae Asset Sharekhan and SMC Global.

ParameterMirae Asset SharekhanSMC Global
Trading platforms offered Sharekhan App, Sharekhan Web Trading Platform, TradeTiger SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Number of platforms 3 3
Platforms (summary) Sharekhan App, Sharekhan Web Trading Platform, TradeTiger SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Mobile / desktop apps Mobile, Web, Desktop Web, Mobile, Desktop

User ratings

User ratings for Mirae Asset Sharekhan and SMC Global across the key parameters.

Rated onMirae Asset SharekhanSMC Global
Fees 4.2 better 4.1
Brokerage 4.1 4.2 better
Trading platform 4.7 better 4.3
Customer service 4.5 4.5
Research 4.9 better 4.8
Overall 4.5 better 4.3

Investment options

Which investment products Mirae Asset Sharekhan and SMC Global let you access.

ParameterMirae Asset SharekhanSMC 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 Mirae Asset Sharekhan and SMC Global.

ParameterMirae Asset SharekhanSMC 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 Mirae Asset Sharekhan and SMC Global.

ParameterMirae Asset SharekhanSMC Global
SEBI registration INZ000174330 INZ000199438
NSE member code 10313 06611
Year of incorporation 2000 1994 longer track record
Net worth ₹8,615+ Cr* stronger ₹3,215+ Cr
Exchange memberships NSE · BSE · MCX · NCDEX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.033% 0.004% fewer complaints

Complaints record

Exchange complaint data for Mirae Asset Sharekhan and SMC Global — the ratio matters more than the raw count.

ParameterMirae Asset SharekhanSMC Global
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 31,20,000+ larger base 4,21,538
Complaints filed 1,020 17
Complaint ratio 0.033% 0.004% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

Mirae Asset Sharekhan

▲ Pros

  • ✓ Backed by the globally recognized Mirae Asset Financial Group.
  • ✓ Comprehensive research reports and investment recommendations.
  • ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
  • ✓ Advanced trading platforms for web, desktop, and mobile users.
  • ✓ Large nationwide network of branches and relationship managers.
  • ✓ Margin Trading Facility (MTF) available for eligible stocks.
  • ✓ Strong educational resources, webinars, and investor learning programs.
  • ✓ Reliable customer support through branches, phone, email, and chat.
  • ✓ Suitable for both beginners and long-term investors.
  • ✓ Offers integrated wealth management and portfolio advisory services.

▼ Cons

  • ✕ Brokerage charges are higher than most discount brokers.
  • ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
  • ✕ Account opening process may take longer than fully digital discount brokers.
  • ✕ Premium research and advisory services may involve additional charges.
  • ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
  • ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
  • ✕ Fewer free investment tools compared to some newer fintech brokers.
  • ✕ Some premium features are available only under higher-value plans or subscriptions.
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 Mirae Asset Sharekhan 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 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.