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SMC

Severe riskStockbroker
India · 5-10 years · since 2019-07-10 · SMC Global Securities Limited
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
85/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot—/5
Forex Peace Army—/5
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SMC operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSMC Global Securities Limited
Headquarters India
Founded2019-07-10
Years operating5-10 years
Employees0
Official websitesmcindiaonline.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
11/6B, Shanti Chamber, Pusa Road, Delhi - 110005

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

SMC Global Securities operates as an unregistered broker, which raises significant concerns about investor protection and recourse. While its website presents a full-service stockbroking platform with a variety of trading products, the absence of verifiable regulatory registration is a major red flag. Traders should exercise extreme caution and verify any claims of SEBI association through official channels before engaging with this broker.

Best for
  • Indian residents seeking a stockbroker with margin trading
  • Traders interested in derivatives like futures and options
  • Investors looking for IPO access and mutual fund investments
Not for
  • Traders requiring regulated oversight from a financial authority
  • International clients or non-resident Indians without clear support
  • Retail forex traders seeking leveraged FX/CFD products
Period:

Real user reviews

Where SMC operates

Active across 10 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇳 India
🇺🇸 United States
🇰🇼 Kuwait
🇸🇬 Singapore
🇨🇦 Canada
🇫🇷 France
🇸🇦 Saudi Arabia
🇮🇩 Indonesia
🇵🇰 Pakistan
🇯🇵 Japan

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What SMC says about itself as stated by the broker · not independently verified by FXCanary

Simplify Investments with SMC

According to its website, SMC offers smart investment choices with award-winning research and specially curated trading tools. The broker claims to provide access to multiple investment options, including the latest IPOs and mutual fund offerings, all just a click away. It also touts in-depth company details for sound stock analysis.

Ways to Grow Your Wealth

The broker states that investors can grow their wealth through various asset classes such as equities, IPOs, and mutual funds. It highlights margins up to 5x for intraday/CO orders, diverse portfolio-building options, dedicated relationship manager support, and brokerage benefits with cashback offers. Fundamental Data for Equities Analysis and calculators for margin and brokerage are also advertised.

Different Roads to Trading

SMC's website presents futures, options, currencies, and commodities as different trading avenues. For futures, it emphasizes leverage to predict underlying asset direction, quick order placement, and margin benefits. For options and currencies, it highlights features such as managing foreign exchange risk and analyzing trades with tools like TradingView and Chart IQ. Basket Orders allow placing up to 10 different orders at once.

Margin Trading Facility (MTF)

The broker promotes a 'Trade Now, Pay Later' facility called Margin Trading Facility (MTF). Key features include never missing a trading opportunity due to lack of funds, trading in top stocks without paying full cash upfront, paying only margin with unlimited time funding, and one-click activation with no paperwork. The process involves clicking 'Buy' on MTF applicable stocks, activating the facility, accepting terms, and entering an OTP.

Pricing and Promotions

SMC offers a 'Demat Nirvana Plan' with ₹0 brokerage for 30 days, research-backed trades, free Algo Trading APIs, and up to 4x MTF. The broker claims to provide SEBI-registered research calls, advanced tools, and transparent pricing. It also promotes an all-in-one platform called SMC Ace with ready-made options trading strategies, GTT orders, and smart basket features.

About SMC

Company Overview

SMC Global Securities Limited, operating under the brand name SMC Trade Online, is an Indian stockbroker registered in Delhi. The company was founded on July 10, 2019, and is headquartered at 11/6B, Shanti Chamber, Pusa Road, Delhi - 110005. It maintains a presence on social media platforms including Facebook, LinkedIn, Twitter/X, and YouTube.

According to our records, SMC does not hold any regulatory license from any financial authority. While the broker's website references SEBI-registered research, it does not confirm whether the broker itself is registered with the Securities and Exchange Board of India (SEBI) or any other regulator. This lack of verifiable regulatory status is a significant factor for traders to consider.

Products and Services

SMC positions itself as a full-service broker offering a range of investment products. Clients can trade in equities, futures and options, currencies, and commodities. The broker also provides access to initial public offerings (IPOs), mutual funds, and a margin trading facility (MTF) that allows leveraged trading with up to 5x intraday margins.

Additional services include research-backed trading calls, fundamental data for equity analysis, and tools such as margin calculators and brokerage calculators. The broker also offers algo trading APIs and advanced charting through TradingView and Chart IQ.

Trading Platforms

SMC provides a mobile trading app called SMC Ace, which features ready-made options strategies, GTT (Good Till Triggered) orders, and smart basket functionality. The platform is designed to offer real-time data, expert research calls, and portfolio tracking tools. For desktop users, the broker likely offers a web-based trading platform accessible through its website.

The broker also promotes 'AutoTrender' as a smart market analysis tool and provides Telegram research channels for segment-wise insights. Educational webinars and learning resources are available to help clients improve their trading skills.

Account Types and Fees

SMC offers different account plans, including a 'Demat Nirvana Plan' that promises zero brokerage for the first 30 days. The broker claims to have zero cost account opening with expert relationship manager assistance. For margin trading, the MTF facility allows trading with only a margin payment, with unlimited time funding.

Specific fee details such as brokerage rates, account maintenance charges, and other costs are not prominently disclosed on the website. Potential clients are likely required to contact the broker or refer to the terms and conditions for complete fee schedules.

Target Audience

SMC appears to target Indian investors and traders who are looking for a comprehensive stockbroking platform. The services cater to both beginners and experienced traders, with educational resources for novices and advanced tools like algo trading APIs for sophisticated users. The broker's emphasis on margin trading and derivatives suggests it aims at active traders seeking leverage.

However, the lack of regulatory registration may make it unsuitable for risk-averse investors or those requiring oversight by a recognized authority. International clients may face restrictions, as the platform focuses on the Indian market.

Overview compiled by FXCanary from regulatory records and public data. full SMC review