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.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- It doesn’t have a 3-in -1 account.
- Margin Trading facility available.
- Multiple brokerage plan options are available.
- They provide support to the customer on research reports and advice.
- Mobile trading facility not available for NSE trading.
Upstox Vs SMC Global Overview:
Comparing Upstox vs SMC Global based on overall customer service we derived the below-mentioned details.
Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Mumbai, India||New Delhi, Delhi|
|Founder||Raghu Kumar, |
Ravi Kumar &
|Subhash Aggarwal, |
Mahesh Gupta &
D. K. Aggarwal
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 Ratings||Upstox||SMC Global|
|Experience||5.3 out of 10||6.0 out of 10|
|Products & Services||6.5 out of 10||7.1 out of 10|
|Brokerage Charges & Fees||9.5 out of 10||6.5 out of 10|
|Stock Research & Advisory||3.0 out of 10||6.3 out of 10|
|Trading Platforms||6.5 out of 10||6.2 out of 10|
|Overall Ratings||6.2 out of 10||6.4 out of 10|
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.
|DEMAT Services||Upstox||SMC Global|
|Depository Participant||CDSL||CDSL & NSDL|
|Charges on Account Opening||Rs.150||Rs.450|
|AMC on DEMAT||Rs.150 per Annum||Rs.300 per Annum|
|AMC on Trading||Free||Free|
|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 & Fees||Upstox Brokerage||SMC Global Brokerage|
|Equity Delivery Trading||Zero||0.30%|
|Equity Intraday Trading||Rs.20||0.03%|
|Commodity Options Trading||Rs.20||0.03%|
|Equity Futures Trading||Rs.20||0.03%|
|Equity Options Trading||Rs.20 per lot||Rs.70 per lot|
|Currency Futures Trading||Rs.20||0.03%|
|Currency Options Trading||Rs.20 per lot||Rs.20 per lot|
|Minimum Brokerage||Rs.20||Rs.15 per executed order|
|DEMAT AMC Charges||Rs.150 per annum||Rs.300|
|Trading AMC Charges||Free||Free|
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 Charges||Upstox||SMC Global|
|Transaction Charges||0.00275% of Total Turnover||0.00315% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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.
|Free DEMAT Account||✖||✖|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|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:
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 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 & Advisory||Upstox||SMC Global|
|Company Stock Review||✖||✖|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
Upstox Vs SMC Global Margin/ Exposure/ Leverage
Considering Upstox vs SMC Global based on product-wise leverage we get the below details.
|Exposure / Leverage||Upstox Margin||SMC Global Margin|
|Equity Delivery||Maximum 5x||Maximum 3X|
|Equity Intraday||Maximum 20x||Maximum 10X|
|Equity Futures||Maximum 7x||Maximum 2X|
|Equity Options||Maximum 8x||Maximum 3X|
|Currency Futures||Maximum 5x||Maximum 2X|
|Currency Options||Maximum 6x||Maximum 3X|
|Commodities||Maximum 7x||Maximum 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.
Upstox Vs SMC Global Trading Platform:
Because of the trading terminal offering of Upstox vs SMC Global, we compared them as below.
|Trading Platforms||Upstox||SMC 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||✖||✖|
|Online MF Buy||✔||✔|
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 Support||Upstox||SMC Global|
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)||Upstox||SMC Global|
|Lodged in BSE||185||225|
|Resolved in BSE||126||217|
|Lodged in NSE||175||248|
|Resolved in NSE||139||237|
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.