Zerodha Vs SMC Global – Comparison

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. 

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.

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.

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. 

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.

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. 

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. 

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.

Comparison on Services Offered: 

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

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.

Zerodha Vs SMC Global Margin: 

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

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. 

Comparison of Trading Platforms: 

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

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. 

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. 

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.