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5Paisa vs SMC Global: A Comparison of Two Successful Stock Brokers

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5Paisa-vs-SMC-Global-comparison

5Paisa vs SMC Global: SMC Global, incorporated in the year 1994, is a full service broker. While its headquarters is situated in New Delhi, India, SMC Global also has its presence in Dubai, thus leading to global level relations. They have over 2400 sub-brokers and more than 50 branches across the nation.

SMC Global has a fully functional online trading port. This portal makes it easier for professional as well as amateur traders to make better decisions while sitting at the comfort of their house.

5Paisa, contrarily, is a discount broker and has its headquarters in Mumbai. It is second on the list of India’s largest discount share brokers. 2016 saw the reestablishment of 5Paisa as an online portal with a bag of new and revised models and packages.

They deal in many services including offering personal loans, online mutual funds, insurances, and trading. However, it is not limited to the above-mentioned ones.

Keeping in the mind the above details as well as other factors, we have drawn lines of comparison between 5Paisa and SMC Global, the two-world leading stock brokers.

Here are some of the factors which are the basis of the comparison:

  • General company overview
  • Demat account details
  • Brokerage fees and related charges
  • Charges other than brokerage
  • Products offered
  • Platforms for trading
  • Customer support
  • Customer ratings
  • Research & advisory supported & offered
  • Services offered
  • Leverage or exposure offered by both
  • Highly valued offers

Let us get onto the comparisons:

5Paisa vs SMC Global Comparison on General Grounds

Both 5Paisa and SMC Global are well reputed stock broker companies in India. While the year of establishment of each of these is almost two decades apart, both enjoy a good and reputable status in world of stock market.

While 5Paisa is situated in Mumbai, SMC Global is headquartered in the capital city, New Delhi. Also, while 5paisa is a discount broker, SMC Global is a full serviceshare broker.

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5PaisaSMC Global
Year of Establishment20071990
Headquarters AreaMumbai, Maharashtra, IndiaNew Delhi, India
Type of CompanyPublic CompanyPrivate Company
Founded byMr Rajamani Venkataraman & Mr Nirmal JainMr D.K. Aggarwal, Mr Mahesh Gupta & Mr Subhash Aggarwal
Type of BrokerDiscount BrokerFull-Service Broker

5Paisa vs SMC Global Comparison of Demat Account Details

There are certain differences between the basics between 5Paisa and SMC Global demat account details. While one has to pay rupees 650 to open an account with 5Paisa, SMC Global charges rupees 450.

SMC Global also provides the facility of transferring an offline demat account to an online one, but the same option is not available with 5Paisa. A staggering point of difference between 5Paisa and SMC Global is when talking about Margin Money. For SMC Global it is rupees 10,000 while it is nil for 5Paisa.

5PaisaSMC Global
Charges for Account OpeningRupees 650Rupees 450
Charges for Trading AMCRupees 0Rupees 0
Offline to online facilityNAYES
Depository SourceCDSLNSDL & CDSL
Charges for Demat AMCRupees 400 every yearRupees 300 every year
Margin MoneyRupees 0Rupees 10,000

5Paisa vs SMC Global Comparison of Offers

Both 5Paisa and SMC Global offers free trading account and discount on brokerage. However, none of the two brokers’ offers trading happy hours, free brokerage for the first month, free demat account or exemption to those traders suffering loss.

5PaisaSMC Global
Free Trading AccountYESYES
Trading happy hoursNANA
Brokerage free for 1 monthNANA
Referral offersNAYES
Free demat accountNANA
Discount on brokerageYESYES
Flexible brokerage plansNAYES
Holiday offersNAYES
Exemption on brokerage for traders suffering lossNANA

5Paisa vs SMC Global Comparison of advisory & Research

5PaisaSMC Global
Research reportsNAYES
Annual reportsNAYES
Free stock tipsNAYES
Top picksYESYES
Monthly reportsNAYES
Offline advisoryNAYES
Fundamental reportsNAYES
Company reportsNANA
Company stock reviewNANA
IPO reportsNAYES
Daily market reviewNAYES
Weekly reportsNAYES
Relationship managerNAYES

5Paisa vs SMC Global Comparison of products offered

5PaisaSMC Global
Commodity tradingNAYES
OptionsYESYES
Mutual fundsNAYES
BankingNANA
InsuranceNANA
Equity tradingYESYES
Currency tradingYESYES
FuturesYESYES
ForexNANA
SIPNAYES

5Paisa vs SMC Global Comparison of Customer Support Services

5PaisaSMC Global
Offline tradingNAYES
24 / 7 supportYESNA
Chat supportNANA
Number of Branches250
Dedicated dealerNAYES
Online tradingYESYES
Email supportYESYES
Toll free numberNANA
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5Paisa vs SMC Global Comparison of Ratings

5PaisaSMC Global
Services & Products6.0 / 107.1 / 10
Stock advisory & Research4.0 / 106.3 / 10
Experience4.0 / 106.0 / 10
Brokerage fess & Charges9.8 / 106.3 / 10
Trading platforms quality7.0 / 106.2 / 10
Overall rating6.2 / 106.4 / 10

5Paisa vs SMC Global Comparison of Brokerage Fees & Charges

5PaisaSMC Global
Equity Intraday TradingRupees 100.03%
Equity futures tradingRupees 100.03%
Currency futures tradingRupees 100.03%
Minimum brokerage feesRupees 10Rupees 15 for every order
Charges for trading Demat AMCRupees 0Rupees 0
Margin MoneyRupees 0Rupees 10,000
Equity delivery tradingRupees 100.30%
Commodity options tradingNone0.03%
Equity options tradingRupees 10 every orderRupees 70 every order
Currency options tradingRupees 10 every orderRupees 20 every order
Charges for demat AMCRupees 400 every yearRupees 300
Calculator to brokerage calculation5Paisa brokerage calculatorSMC Global brokerage calculator

5Paisa vs SMC Global Comparison of Other Charges& Fees

5PaisaSMC Global
STT0.0125% / entire turnover0.0125% / entire turnover
Stamp DutyMinimal & varies depending upon the stateMinimal & varies depending upon the state
Transactional Charges0.00325% / entire turnover0.00325% / entire turnover
SEBI Turnover Charges0.0002% / entire turnover0.0002% / entire turnover
GST18% / (transactional charges + brokerage fees)18% / (transactional charges + brokerage fees)

5Paisa vs SMC Global Comparison of Services Offered

5PaisaSMC Global
Trading servicesYESYES
Intraday servicesYESYES
Stock recommendationsNAYES
PMSNANA
Trading exposureUp to 35 timesUp to 10 times
Demat servicesYESYES
3 in 1 accountNANA
IPO servicesYESYES
Robo advisoryYESNA
Trading institutionNAYES

5Paisa and5Paisa vs Trading Bells – A Comparison of Which One is better for Trading.5Paisa vs Sharekhan: A Comparison of The Similarities & Differences SMC Global Comparison of Leverage or Exposure


5PaisaSMC Global
Equity IntradayUp to 35 timesUp to 10 times
Equity OptionsUp to 12 timesUp to 3 times
Currency OptionsUp to 10 timesUp to 3 times
Equity DeliveryUp to 5 timesUp to 3 times
Equity FuturesUp to 8 timesUp to 2 times
Currency FuturesUp to 6 timesUp to 2 times
CommoditiesUp to 10 timesUp to 2 times
Calculator for margin calculation5paisa Margin CalculatorSMC Global Margin Calculator

5Paisa vs SMC Global Comparison of trading platforms

5PaisaSMC Global
Desktop platform – macYESYES
Mobile site platformYESNA
iOS app platformYESYES
Other mobile platfroms (OS)NANA
Portfolio detailsYESYES
News flashYESYES
Easy installationYESYES
Stock tipsYESYES
Interactive chartsYESYES
SMS alertsYESNA
Multi account managementYESNA
Desktop platform – windowsYESYES
Desktop browser – platformYESYES
Android app platformYESYES
Windows app platformNANA
Real time updatesYESYES
Online MF buyYESYES
Research reportsYESNA
Global indicesYESYES
Personalized advisoryYESNA
Live marketsYESYES
Email alertsYESYES

Conclusion

The above post is a subtle reminder of not just the differences but also the similarities between 5Paisa and SMC Global. Both of the above-mentioned companies are famous stock broker companies having their roost firmly holding the ground.

This 5Paisa vs SMC Global comparison is to lay out a better view for traders as to which stock broker will prove to be a better fit for them.

While each of the two have their list of pros and cons, backed with a good deal of products and services to offer and support, it can prove to be surprisingly difficult to choose either of the two.

Many factors have been kept in mind which making the comparison between 5Paisa and SMC Global. While both of them are situated in India, their headquarters are in distinct cities.

Also, while 5Paisa is a very well-known discount share broker, SMC Global is a full service stock service provider. While this is the ground difference between the two, many other factors of distinction can also be seen between the two.

The comparison and drawing of tables is to make it easier for experienced traders to carry out their trading more fruitfully by choosing along the lines of a more suitable broker.

Similarly, the above 5paisa vs SMC Global comparison will make it easier for new traders to break into the field and grasp a better sense of distinction between multiple stock brokers, here between 5Paisa and SM

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