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Zerodha Vs SMC Global – Comparison

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Zerodha Vs SMC Global

Comparing Zerodha vs SMC Global in terms of all product-wise details which are essential for every investor we get a detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

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

Notable Features: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.

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. 
Zerodha Vs SMC Global Comparison

Comparison of Overall Company Details: 

Comparing Zerodha 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.

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OverviewZerodhaSMC Global
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaNew Delhi, Delhi
FounderNithin KamathSubhash Aggarwal,
Mahesh Gupta &
D. K. Aggarwal
Established Year20101990

Zerodha Vs SMC Global Customer Ratings:

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

Customer RatingsZerodhaSMC Global
Experience5.7/106.0/10
Products & Services8.5/107.1/10
Brokerage Charges & Fees9.5/106.5/10
Stock Research & Advisory4.0/106.3/10
Trading Platforms9.0/106.2/10
Overall Ratings7.4/106.4/10
Star Ratings★★★★★★★★☆☆

Zerodha Vs SMC Global AOC & AMC: 

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

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

Demat ServicesZerodhaSMC Global
Depository SourceCDSLCDSL & NSDL
Account Opening ChargesRs.300Rs.450
Demat AMC ChargesRs.300 per AnnumRs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.10,000
Offline to Online

Comparison on Brokerage Charge:

Contrasting Zerodha 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.

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While Zerodha has a very economical flat fee-based brokerage charge. SMC Global charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha 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 BrokerageZeroRs.15 per executed order
Demat AMC ChargesRs.300 per AnnumRs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.10,0000

Comparison on Administrative Charge: 

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

Other ChargesZerodhaSMC Global
Transaction Charges0.00325% 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)

Compare on Offers: 

Contrasting Zerodha 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 Zerodha for offering more offers.

OffersZerodhaSMC 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: 

Assessing Zerodha vs SMC Global based on their service offering we derived the below comparison:

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ServicesZerodhaSMC Global
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 10X

Comparison of Research & Advisory: 

Contrasting Zerodha 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 Zerodha doesn’t provide any.

Research & AdvisoryZerodhaSMC 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

Zerodha Vs SMC Global Margin: 

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

Exposure / LeverageZerodha MarginSMC Global Margin
Equity DeliveryMaximum 20xMaximum 3X
Equity IntradayMaximum 28xMaximum 10X
Equity FuturesMaximum 15xMaximum 2X
Equity OptionsMaximum 8xMaximum 3X
Currency FuturesMaximum 12xMaximum 2X
Currency OptionsMaximum 8xMaximum 3X
CommoditiesMaximum 17xMaximum 2X

Comparison of Products: 

Assessing Zerodha 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 finds & SIP which Zerodha doesn’t. 

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

Comparison of Trading Platforms: 

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

Trading PlatformsZerodhaSMC 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

Zerodha Vs SMC Global Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs SMC Global as below. We can see from the below chart that Zerodha 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 SupportZerodhaSMC Global
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero250
open smc demat account

Comparison of Grievances: 

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 Zerodha vs SMC Global based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaSMC Global
Lodged in BSE120225
Resolved in BSE117217
Lodged in NSE89248
Resolved in NSE85237
open zerodha demat acc

Conclusion:

Finally, we can conclude that SMC Global (full-service broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha vs SMC Global as per his need only.

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