ICICI Direct Franchise vs SMC Global Franchise – Compare Business Models, Revenue Sharing and more

Find 1st of its kind Comparison of ICICI Direct Franchise vs SMC Global Franchise. In this comparison, you will find a detailed view of all the features of respecting sub broker or franchise brands.

ICICI Direct Franchise vs SMC Global Franchise

ICICI Direct & SMC Global are both Broking houses & provides sub brokership to their partners. Both of them have varied Business Models which we will discuss here.

In this comparison, we will dig deep into all the aspects of both broking franchise brands. The major aspects that we will discuss are:

  • Overview
  • Customer Ratings
  • Business Models
  • Security Deposit or Initial Investment
  • Revenue Sharing or Commission
  • Infrastructure Requirement
  • Offers
  • Support
  • Brokerage Charges to Clients
  • Other Charges & Margin to Clients

With this detailed comparison we will have clear understanding of which Sub Brokership is better: ICICI Direct Sub Broker Program or SMC Global Sub Broker Program.

Start this amazing comparison between ICICI Direct Sub BrokerSMC Sub Broker:

ICICI Direct Franchise vs SMC Global Franchise – An Overview

OverviewICICI Direct FranchiseSMC Global Franchise
Company TypePublicPublic
Broker typeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaDelhi, India
FounderM K SharmaS C Aggarwal
Established Year19941994
SB Code Activation Time14 Days2-3 Weeks
Payout Time30 Days30-45 Days

Customer Ratings of ICICI Direct Sub Broker & SMC Global Sub Broker

Customer RatingsICICI Direct FranchiseSMC Global Franchise
Experience3.50 / 53.2/5
Services4.00 / 53.1/5
Products4.00 / 53.5/5
Trading Platforms3.60 / 53.3/5
Support3.50 / 52.5/5
Revenue Sharing Model3.00 / 53.1/5
Security Deposit2.50 / 52.9/5
Offers2.50 / 53.0/5
Market Share2.50 / 53.4/5
Overll Ratings3.23 / 53.2
Star Ratings★★★☆☆★★★☆☆

Compare Business Models of ICICI Direct Franchise & SMC Global Franchise

Business ModelsICICI Direct FranchiseSMC Global Franchise
Master FranchiseSS
Sub BrokerRR
Referral ProgramSS

ICICI Direct Franchise vs SMC Global Franchise Security Deposit Comparison

Security DepositICICI Direct FranchiseSMC Global Franchise
Master FranchiseNANA
Sub Broker75000 – 200000Rs. 50,000 – 100,000
Remisier25000 – 100000NA
Referral ProgramNANA

SMC Global Franchise vs ICICI Direct Franchise Revenue Sharing Comparison

Revenue SharingICICI Direct FranchiseSMC Global Franchise
Master FranchiseNANA
Sub Broker50% – 75%65% – 75%
Remisier30% – 75%NA
Referral ProgramNANA

SMC Global Sub Broker vs ICICI Direct Sub Broker Infra Requirement

Infrastructure RequirementICICI Direct FranchiseSMC Global Franchise
Office AreaMinimum 300 Sq FtMinimum 250 Sq Ft
Employee StrengthMinimum 5Minimum 2
Research ServicesRS
Internet ConnectionRR
Trading TerminalsRR
Telephone LinesRR

Compare ICICI Direct Partner & SMC Global Partner Offers

OffersICICI Direct FranchiseSMC Global Franchise
Zero DepositSS
10k Initial DepositSR
Flexible Revenue SharingRR
Flat Revenue SharingSS
Zero Revenue Sharing with PrepaidSS

SMC Global Authorised Person vs ICICI Direct Authorised Person Support

SupportICICI Direct FranchiseSMC Global Franchise
Marketing SupportRS
Back-Office SupportRR
Trading SupportRR
Advisory SupportRS
Dealing TrainingSS
Acquisition TrainingSS
Product TrainingRR

Compare Brokerage Charges of ICICI Direct Franchise & SMC Global Franchise

Brokerage Charges to ClientsICICI Direct FranchiseSMC Global Franchise
Equity Delivery0.55%0.20% – 0.40%
Equity Intraday0.03% – 0.05%0.03% – 0.04%
Equity Futures0.03% – 0.05%0.03% – 0.04%
Equity OptionsRs.35 – Rs.95 per LotRs.70 per Lot
Currency Futures0.03% – 0.05%0.03% – 0.04%
Currency OptionsRs.10 – Rs.35 per LotRs.20 per Lot
CommodityNA0.03% – 0.04%

ICICI Direct Partners & SMC Global Partners Charges Comparison

Charges to ClientsICICI Direct FranchiseSMC Global Franchise
Demat AMCRs.500 per AnnumRs.300 per Annum
Trading AMCRs.975 per AnnumZero
Account Opening ChargesZeroRs. 1000
Transaction Charges0.002800%0.003250%
Margin MoneyMinimum Rs.20,000Rs.10,000

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ICICI Direct Franchise vs SMC Global Franchise




Products & Services


Revenue Sharing Model




Market Share