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.
| 5Paisa | SMC Global | |
| Year of Establishment | 2007 | 1990 |
| Headquarters Area | Mumbai, Maharashtra, India | New Delhi, India |
| Type of Company | Public Company | Private Company |
| Founded by | Mr Rajamani Venkataraman & Mr Nirmal Jain | Mr D.K. Aggarwal, Mr Mahesh Gupta & Mr Subhash Aggarwal |
| Type of Broker | Discount Broker | Full-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.
| 5Paisa | SMC Global | |
| Charges for Account Opening | Rupees 650 | Rupees 450 |
| Charges for Trading AMC | Rupees 0 | Rupees 0 |
| Offline to online facility | NA | YES |
| Depository Source | CDSL | NSDL & CDSL |
| Charges for Demat AMC | Rupees 400 every year | Rupees 300 every year |
| Margin Money | Rupees 0 | Rupees 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.
| 5Paisa | SMC Global | |
| Free Trading Account | YES | YES |
| Trading happy hours | NA | NA |
| Brokerage free for 1 month | NA | NA |
| Referral offers | NA | YES |
| Free demat account | NA | NA |
| Discount on brokerage | YES | YES |
| Flexible brokerage plans | NA | YES |
| Holiday offers | NA | YES |
| Exemption on brokerage for traders suffering loss | NA | NA |
5Paisa vs SMC Global Comparison of advisory & Research
| 5Paisa | SMC Global | |
| Research reports | NA | YES |
| Annual reports | NA | YES |
| Free stock tips | NA | YES |
| Top picks | YES | YES |
| Monthly reports | NA | YES |
| Offline advisory | NA | YES |
| Fundamental reports | NA | YES |
| Company reports | NA | NA |
| Company stock review | NA | NA |
| IPO reports | NA | YES |
| Daily market review | NA | YES |
| Weekly reports | NA | YES |
| Relationship manager | NA | YES |
5Paisa vs SMC Global Comparison of products offered
| 5Paisa | SMC Global | |
| Commodity trading | NA | YES |
| Options | YES | YES |
| Mutual funds | NA | YES |
| Banking | NA | NA |
| Insurance | NA | NA |
| Equity trading | YES | YES |
| Currency trading | YES | YES |
| Futures | YES | YES |
| Forex | NA | NA |
| SIP | NA | YES |
5Paisa vs SMC Global Comparison of Customer Support Services
| 5Paisa | SMC Global | |
| Offline trading | NA | YES |
| 24 / 7 support | YES | NA |
| Chat support | NA | NA |
| Number of Branches | 250 | |
| Dedicated dealer | NA | YES |
| Online trading | YES | YES |
| Email support | YES | YES |
| Toll free number | NA | NA |
5Paisa vs SMC Global Comparison of Ratings
| 5Paisa | SMC Global | |
| Services & Products | 6.0 / 10 | 7.1 / 10 |
| Stock advisory & Research | 4.0 / 10 | 6.3 / 10 |
| Experience | 4.0 / 10 | 6.0 / 10 |
| Brokerage fess & Charges | 9.8 / 10 | 6.3 / 10 |
| Trading platforms quality | 7.0 / 10 | 6.2 / 10 |
| Overall rating | 6.2 / 10 | 6.4 / 10 |
5Paisa vs SMC Global Comparison of Brokerage Fees & Charges
| 5Paisa | SMC Global | |
| Equity Intraday Trading | Rupees 10 | 0.03% |
| Equity futures trading | Rupees 10 | 0.03% |
| Currency futures trading | Rupees 10 | 0.03% |
| Minimum brokerage fees | Rupees 10 | Rupees 15 for every order |
| Charges for trading Demat AMC | Rupees 0 | Rupees 0 |
| Margin Money | Rupees 0 | Rupees 10,000 |
| Equity delivery trading | Rupees 10 | 0.30% |
| Commodity options trading | None | 0.03% |
| Equity options trading | Rupees 10 every order | Rupees 70 every order |
| Currency options trading | Rupees 10 every order | Rupees 20 every order |
| Charges for demat AMC | Rupees 400 every year | Rupees 300 |
| Calculator to brokerage calculation | 5Paisa brokerage calculator | SMC Global brokerage calculator |
5Paisa vs SMC Global Comparison of Other Charges& Fees
| 5Paisa | SMC Global | |
| STT | 0.0125% / entire turnover | 0.0125% / entire turnover |
| Stamp Duty | Minimal & varies depending upon the state | Minimal & varies depending upon the state |
| Transactional Charges | 0.00325% / entire turnover | 0.00325% / entire turnover |
| SEBI Turnover Charges | 0.0002% / entire turnover | 0.0002% / entire turnover |
| GST | 18% / (transactional charges + brokerage fees) | 18% / (transactional charges + brokerage fees) |
5Paisa vs SMC Global Comparison of Services Offered
| 5Paisa | SMC Global | |
| Trading services | YES | YES |
| Intraday services | YES | YES |
| Stock recommendations | NA | YES |
| PMS | NA | NA |
| Trading exposure | Up to 35 times | Up to 10 times |
| Demat services | YES | YES |
| 3 in 1 account | NA | NA |
| IPO services | YES | YES |
| Robo advisory | YES | NA |
| Trading institution | NA | YES |
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
| 5Paisa | SMC Global | |
| Equity Intraday | Up to 35 times | Up to 10 times |
| Equity Options | Up to 12 times | Up to 3 times |
| Currency Options | Up to 10 times | Up to 3 times |
| Equity Delivery | Up to 5 times | Up to 3 times |
| Equity Futures | Up to 8 times | Up to 2 times |
| Currency Futures | Up to 6 times | Up to 2 times |
| Commodities | Up to 10 times | Up to 2 times |
| Calculator for margin calculation | 5paisa Margin Calculator | SMC Global Margin Calculator |
5Paisa vs SMC Global Comparison of trading platforms
| 5Paisa | SMC Global | |
| Desktop platform – mac | YES | YES |
| Mobile site platform | YES | NA |
| iOS app platform | YES | YES |
| Other mobile platfroms (OS) | NA | NA |
| Portfolio details | YES | YES |
| News flash | YES | YES |
| Easy installation | YES | YES |
| Stock tips | YES | YES |
| Interactive charts | YES | YES |
| SMS alerts | YES | NA |
| Multi account management | YES | NA |
| Desktop platform – windows | YES | YES |
| Desktop browser – platform | YES | YES |
| Android app platform | YES | YES |
| Windows app platform | NA | NA |
| Real time updates | YES | YES |
| Online MF buy | YES | YES |
| Research reports | YES | NA |
| Global indices | YES | YES |
| Personalized advisory | YES | NA |
| Live markets | YES | YES |
| Email alerts | YES | YES |
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
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.