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Upstox Vs SMC Global Comparison: Find the Best Discount Broker

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Upstox Vs SMC Global – Comparison:  

Here we compared Upstox vs SMC Global based on all segment-wise details knowing which is necessary for every investor.  In this comparative study, we highlighted the pros and cons of both the broker for the information of investors.

Upstox (formerly known as RKSV Securities) is a renowned discount broker that started its journey in 2009 based on Mumbai.

This discount broker is famed for its variety of trading terminal offerings and a wide range of products and services. They don’t charge any brokerage for equity delivery. 

Whereas, SMC Global is an awarded stockbroker of India having a presence across 2300 sub-brokers, 61 branches & numerous happy customers throughout India.

Features: 

Upstox: 

  1. Zero brokerage fee on equity delivery trading
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required. 

SMC Global: 

  1. It doesn’t have a 3-in -1 account.
  2. Margin Trading facility available.
  3. Multiple brokerage plan options are available.
  4. They provide support to the customer on research reports and advice. 
  5. Mobile trading facility not available for NSE trading. 
Upstox Vs SMC Global
Upstox Vs SMC Global

Upstox Vs SMC Global Overview: 

Comparing Upstox vs SMC Global based on overall customer service we derived the below-mentioned details.

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Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewUpstoxSMC Global
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersMumbai, IndiaNew Delhi, Delhi
FounderRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Subhash Aggarwal,
Mahesh Gupta &
D. K. Aggarwal
Established Year20091990

Upstox Vs SMC Global Customer Ratings: 

Comparing Upstox vs SMC Global based on Customer Ratings we get this information. Here we can see that regarding experience, products, service & research work, SMC Global is leading but in the remaining segments such as brokerage charges & platforms, Upstox is winning the race.

Customer RatingsUpstoxSMC Global
Experience5.3 out of 106.0 out of 10
Products & Services6.5 out of 107.1 out of 10
Brokerage Charges & Fees9.5 out of 106.5 out of 10
Stock Research & Advisory3.0 out of 106.3 out of 10
Trading Platforms6.5 out of 106.2 out of 10
Overall Ratings6.2 out of 106.4 out of 10
Star Ratings★★★☆☆★★★☆☆

Comparison on AMC & AOC: 

Here we have compared Upstox vs SMC Global based on account opening charge & account maintenance charge.

Here we can see from the below contrast that both Upstox & SMC Global offer free AMC on the trading account. Also, Upstox provides zero margin money criteria which are chargeable in the case of SMC Global. 

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DEMAT ServicesUpstoxSMC Global
Depository Participant CDSLCDSL & NSDL
Charges on Account Opening Rs.150Rs.450
AMC on DEMATRs.150 per AnnumRs.300 per Annum
AMC on Trading FreeFree
Marginal MoneyZeroRs.10,000
Offline to Online

Upstox Vs SMC Global Brokerage Charge: 

Contrasting Upstox vs SMC Global based on Brokerage Charge we get the below details. Here we can see that SMC Global offers a percentage based brokerage charge structure.

While Upstox has a very economical flat fee-based brokerage charge. Both Upstox & SMC Global charges a minimum brokerage on executed orders.

Brokerage Charge & FeesUpstox BrokerageSMC Global Brokerage
Equity Delivery TradingZero0.30%
Equity Intraday TradingRs.200.03%
Commodity Options TradingRs.200.03%
Equity Futures TradingRs.200.03%
Equity Options TradingRs.20 per lotRs.70 per lot
Currency Futures TradingRs.200.03%
Currency Options TradingRs.20 per lotRs.20 per lot
Minimum BrokerageRs.20Rs.15 per executed order
DEMAT AMC ChargesRs.150 per annumRs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.10,0000

Comparison on Administrative Charges: 

In terms of Administrative transactional charge, we here compared Upstox vs SMC Global as below. We can see that both the broker share a similar charge structure other than the transaction charge criteria.

The transaction charge for SMC Global is higher than Upstox. 

Other ChargesUpstoxSMC Global
Transaction Charges0.00275% of Total Turnover0.00315% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison on Offers: 

Contrasting Upstox vs SMC Global we get the below comparison on offers. We here can see that in terms of offers SMC Global is a step ahead of Upstox for offering more offers.

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OffersUpstoxSMC Global
Free DEMAT Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered: 

Comparing Upstox vs SMC Global based on their service offering we derived the below comparison:

ServicesUpstoxSMC Global
DEMAT Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robotic Advisory
PMS
Trading Institution
Trading ExposureMaximum 20xMaximum 10X

Upstox Vs SMC Global Research & Advisory: 

Comparing Upstox vs SMC Global based on their research & advisory offering we received the below comparison. Here we can see in the below table that SMC Global offers different advisory supports, where Upstox doesn’t provide any.

Research & AdvisoryUpstoxSMC Global
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Upstox Vs SMC Global Margin/ Exposure/ Leverage

Considering Upstox vs SMC Global based on product-wise leverage we get the below details. 

Exposure / LeverageUpstox Margin SMC Global Margin
Equity DeliveryMaximum 5xMaximum 3X
Equity IntradayMaximum 20xMaximum 10X
Equity FuturesMaximum 7xMaximum 2X
Equity OptionsMaximum 8xMaximum 3X
Currency FuturesMaximum 5xMaximum 2X
Currency OptionsMaximum 6xMaximum 3X
CommoditiesMaximum 7xMaximum 2X

Comparison on Products Offering: 

Comparing Upstox vs SMC Global based on their product offering we derived the below comparison. We can see in this below comparison that SMC Global offered to trade in Mutual funds & SIP which Upstox doesn’t. 

ProductsUpstoxSMC Global
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Upstox Vs SMC Global Trading Platform: 

Because of the trading terminal offering of Upstox vs SMC Global, we compared them as below.  

Trading PlatformsUpstoxSMC Global
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Comparison on Customer Support: 

Comparing customer assistance, we here have compared Upstox vs SMC Global as below. We can see from the below chart that Upstox doesn’t provide dedicated dealers, offline trading (as it is a discount broker).

While SMC Global doesn’t facilitate 24×7 support, toll-free number & chat support.

Customer SupportUpstoxSMC Global
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero250
SMC Free Demat account
Upstox Vs SMC Global – SMC Free Demat account

Comparison of Grievance Handled: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Upstox vs SMC Global based on their customer complaint handling in the below table. 

Complaints (Current Year)UpstoxSMC Global
Lodged in BSE185225
Resolved in BSE126217
Lodged in NSE175248
Resolved in NSE139237

Conclusion:

Finally, we can conclude that SMC Global (full-service broker) has a huge offering for its customers just like its market reputation. But Upstox (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker between Upstox and SMC Global as per his need only.

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