SMC Trade Online: A complete Guide to SMC Demat Account
SMC Trade Online: A complete Guide to SMC Demat Account

Guide to SMC Demat Account

SMC Global Securities Ltd., one of India’s most reputed and well-established financial brokerage houses, was formed in 1990. Ever since its inception, it has been offering a variety of brokerage services across areas of investment banking, currency and commodities, wealth management, equity asset classes, insurance broking, mortgage and real estate advisory to institutions, corporates, retail clients, and high net worth individuals (HNIs). With a workforce of over 3000 employees and a large network of 2500+ sub-brokers and authorized agents, it has a proven record of serving over 18 Lakh clients.

The SMC Trading account or the SMC Demat account is a one-stop solution for stockbrokers with multiple investment needs and wish to trade online.

Features of SMC Demat Account

An SMC trading account provides several features and benefits to SMC stockbrokers, so much so that SMC online trading is regarded as one of the best in the market. Here are some of the features of the SMC Demat Account:

Cheaper Brokerage and Transaction costs: SMC online trading through its Demat account bestows its customers with one of the lowest brokerage rates in the market. The transaction costs of trading are also competitively priced at low rates.

Systematic Review: SMC stockbrokers and customers can keep track of all the transactions and holdings through their SMC Demat account. A monthly bill statement of your SMC trading account shall facilitate a close monitoring and systematic review of the financial transactions conducted every month.

Automated Pay-in SMC’s incorporation of hassle-free and automatic payment facility through its Demat account is a huge impetus for all its clients to trade online without any hindrances.

Effective Customer Service: Irrespective of whether you are a new investor or an existing one, SMC’s prompt and superior grade customer service aims to provide personalized care and attention to its customers. A separate desk is dedicated to the service of HNIs and Non-resident Indians (NRIs).

Vast Network: SMC has a vast network of offices spread across over 500 cities in both India and the UAE, making its reach wider.

Tailor-made online services: SMC online trading facility provides the convenience of trading from the comfort of your desktop, tablet, or even a mobile. Its seamless online trading platform SMC Easy Trade helps investors and brokers to buy and sell stocks and verify back-office reports. Similarly, SMC Easy go, a mobile application, allows traders to check their back-office reports and market information with a single touch.

Documents to Apply for a SMC Demat Account

Any individual, Hindu Undivided Family (HUF), corporate, partnership, or proprietary firm is eligible to open an SMC online trading account. Opening an online trading account with SMC is quite simple and the following are the basic documents required by an individual through its website:

- Client Registration Application

- PAN copy

- Identity proof – Aadhaar, PAN, Passport, Voter Id, or Driving License

- Address Proof

Passport, Voter Id, or Driving License

Bank-Attested copies of Bank statements or passbook

Latest telephone/water/electricity bill that is less than 2 months old

Sale deed or lease/rental agreement

- Copy of cancelled cheque

- 2 passport-sized photographs

Conclusion

Once the above documents submitted are verified and approved online, it usually takes 3-4 business days to open an account. Upon SMC Demat account activation, the customer shall receive a welcome kit comprising material to guide through during account operation.

Related Blogs: Want to Open a Demat Account? Here's What You Should Know | 10 Ways in which Demat made Indian markets Safer

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