SMC Global Vs Kotak Securities 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.

1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
2. Part of the reputed Kotak group
3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
4. AMO and GTC order types make it easy for NRIs to place orders at any time.
5. A dedicated research team for expert advice and recommendations
6. Offers a range of advanced online trading platforms and tools.
7. Offers online mutual fund, IPO and NCD investment facility.

• 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.

1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.

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.

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.