SMC Global Vs Geojit NRI Account Comparison

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

• NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
• Provides research and recommendation tips based on technical analysis.
• NRIs can trade and invest through mobile, software and web browser
• Dedicated relationship manager to assist the NRIs in account opening to investing process.
• SMC is a full-service broker offering a wide range of products and services.

• 30+ years of experience in the capital market in India.
• Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
• Dedicated research team offers investment and research tips to NRIs.
• Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.

• Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
• It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
• Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.

• NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
• Doesn't offer services to the US, UK, Australia or Canada based NRIs.
• Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
• High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.