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.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- 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.
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.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Bangalore, India||New Delhi, Delhi|
|Founder||Nithin Kamath||Subhash Aggarwal, |
Mahesh Gupta &
D. K. Aggarwal
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 Ratings||Zerodha||SMC Global|
|Products & Services||8.5/10||7.1/10|
|Brokerage Charges & Fees||9.5/10||6.5/10|
|Stock Research & Advisory||4.0/10||6.3/10|
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 Services||Zerodha||SMC Global|
|Depository Source||CDSL||CDSL & NSDL|
|Account Opening Charges||Rs.300||Rs.450|
|Demat AMC Charges||Rs.300 per Annum||Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|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.
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 & Fees||Zerodha 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||Zero||Rs.15 per executed order|
|Demat AMC Charges||Rs.300 per Annum||Rs.300|
|Trading AMC Charges||Free||Free|
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 Charges||Zerodha||SMC Global|
|Transaction Charges||0.00325% 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)|
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.
|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:
Assessing Zerodha vs SMC Global based on their service offering we derived the below comparison:
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||SMC Global|
|Company Stock Review||✖||✖|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
Zerodha Vs SMC Global Margin:
Considering Zerodha vs SMC Global based on product-wise leverage we get the below details.
|Exposure / Leverage||Zerodha Margin||SMC Global Margin|
|Equity Delivery||Maximum 20x||Maximum 3X|
|Equity Intraday||Maximum 28x||Maximum 10X|
|Equity Futures||Maximum 15x||Maximum 2X|
|Equity Options||Maximum 8x||Maximum 3X|
|Currency Futures||Maximum 12x||Maximum 2X|
|Currency Options||Maximum 8x||Maximum 3X|
|Commodities||Maximum 17x||Maximum 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.
Comparison of Trading Platforms:
Because of the trading terminal offering of Zerodha vs SMC Global, we compared them as below.
|Trading Platforms||Zerodha||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||✔||✔|
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 Support||Zerodha||SMC Global|
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)||Zerodha||SMC Global|
|Lodged in BSE||120||225|
|Resolved in BSE||117||217|
|Lodged in NSE||89||248|
|Resolved in NSE||85||237|
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.