Sahi vs SMC Global
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Sahi
VS
SMC Global
Sahi vs SMC Global — quick verdict
Choose Sahi if
You want low-cost, self-directed trading
Trading Simplified.
Choose SMC Global if
You want research and offline support
Your Financial Partner.
Company overview
Sahi is a discount broker incorporated in 2021; SMC Global is a full-service broker incorporated in 1994.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Type of broker | Discount Broker | Full-Service Broker |
| Exchange membership | NSE · BSE | NSE · BSE · MCX · NCDEX · MSEI |
| Year of incorporation | 2021 | 1994 older |
| Number of branches | Online Only | 2,500+ |
| Active clients | 1 Lakh+ | 4 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Sahi and SMC Global compared side by side.
| Parameter | Sahi | SMC 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) | ₹13.5 per company (ISIN) on sell transactions lower | ₹15.93 per debit transaction (including GST) |
Brokerage charges
How Sahi and SMC Global price each trading segment, per executed order.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Equity Delivery | ₹10 or 0.05% per executed order (whichever is lower) | 0.30% |
| Equity Intraday | ₹10 or 0.05% per executed order (whichever is lower) | 0.30% |
| Equity Futures | ₹10 per executed order | 0.30% |
| Equity Options | ₹10 per executed order | ₹20 per executed order |
| Currency F&O | ₹10 per executed order | 0.03% |
| Commodity F&O | ₹10 per executed order | 0.03% |
| Call & Trade | Not Available | ₹20 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Sahi and SMC Global, per segment.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Equity Delivery | NSE: 0.0030699% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.0030699% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE: 0.0018299% | NSE: 0.00173% |
| Equity Options | NSE: 0.0355299% (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: As per applicable exchange charges | MCX: 0.00210% |
| Commodity Options | MCX: As per applicable exchange charges | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for Sahi and SMC Global — AMC, debit transactions, pledging and remat.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 | ₹399 + GST per year |
| Debit Transaction Charges | ₹13.5 per company (ISIN) on sell transactions | ₹15.93 per debit transaction (including GST) |
| Pledge / Unpledge Charges | ₹15 per transaction/ISIN + GST | ₹25 + GST per request |
| Dematerialisation (Demat) | ₹150 per certificate + courier charges | ₹150 per certificate + GST |
| Rematerialisation (Remat) | ₹150 per certificate + courier charges | ₹150 per certificate + GST |
| Failed Transactions | ₹50 per ISIN | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Sahi and SMC Global.
| Parameter | Sahi | SMC 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 | Not Available | SPAN + Exposure Margin (As per available margin) |
| Commodity Futures & Options | Not Available | SPAN + Exposure Margin (As per available margin) |
Features & account
Account type and feature availability across Sahi and SMC Global.
| Parameter | Sahi | SMC Global |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✕ No | ✕ No |
| Margin Trading (MTF) | ✕ No | ✓ Yes better |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Sahi Web, Sahi Mobile App | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Advanced Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking | 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 Sahi and SMC Global.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Trading platforms offered | Sahi Web, Sahi Mobile App | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Number of platforms | 2 | 3 more choice |
| Platforms (summary) | Sahi Web, Sahi Mobile App | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Mobile / desktop apps | Web, Mobile | Web, Mobile, Desktop |
User ratings
User ratings for Sahi and SMC Global across the key parameters.
| Rated on | Sahi | SMC Global |
|---|---|---|
| Fees | 4.8 better | 4.1 |
| Brokerage | 4.8 better | 4.2 |
| Trading platform | 4.5 better | 4.3 |
| Customer service | 4.2 | 4.5 better |
| Research | 3.8 | 4.8 better |
| Overall | 4.4 better | 4.3 |
Investment options
Which investment products Sahi and SMC Global let you access.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✕ No | ✓ Yes better |
| IPO | ✕ No | ✓ Yes better |
| Mutual Funds | ✕ No | ✓ Yes better |
| Bonds / NCD | ✕ No | ✓ Yes better |
Order types offered
Advanced order types supported by Sahi and SMC Global.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Bracket Order | ✕ No | ✓ Yes better |
| Cover Order | ✕ No | ✓ Yes better |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✕ No | ✕ No |
Safety & credibility
SEBI registration, financial strength and complaint record for Sahi and SMC Global.
| Parameter | Sahi | SMC Global |
|---|---|---|
| SEBI registration | INZ000314836 | INZ000199438 |
| NSE member code | 90392 | 06611 |
| Year of incorporation | 2021 | 1994 longer track record |
| Net worth | ₹25+ Cr | ₹3,215+ Cr stronger |
| Exchange memberships | NSE · BSE | NSE · BSE · MCX · NCDEX · MSEI |
| Latest complaint ratio | N.A. | 0.004% |
Complaints record
Exchange complaint data for Sahi and SMC Global — the ratio matters more than the raw count.
| Parameter | Sahi | SMC Global |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | Latest Available | 4,21,538 |
| Complaints filed | N.A. | 17 |
| Complaint ratio | N.A. | 0.004% |
Pros & cons
The main advantages and drawbacks of each broker.
Sahi
▲ Pros
- ✓ Simple and transparent brokerage structure.
- ✓ ₹0 account opening and ₹0 annual Demat AMC.
- ✓ Fully digital and paperless account opening.
- ✓ User-friendly web and mobile trading platforms.
- ✓ Advanced charting, watchlists, and option chain.
- ✓ Suitable for beginners as well as active traders.
▼ Cons
- ✕ Limited research and advisory services.
- ✕ Investment products are fewer than large full-service brokers.
- ✕ No physical branch network.
- ✕ Call & Trade facility is limited or unavailable.
- ✕ Does not offer as many premium investment services as traditional brokers.
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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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 FYERS Securities SMC Global vs Anand Rathi SMC Global vs Jainam Broking LimitedDisclaimer: 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.