SMC Global Vs Anand Rathi 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.

• Advanced online trading platforms.
• Wide range of online trading platforms
• Offers research and recommendation tips.
• Offers Relationship Manager assistance
• Offers free call & trade facility for NRIs.
• Can open PIS account with multiple banks.
• Online Mutual Fund investment is available.

• 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.

• Charges brokerage in percentage which is higher than most of the discount brokers.
• It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
• NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.

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.

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with a 3rd party before opening the NRI trading and demat account with the broker.