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Zerodha Vs SMC Global Share Broker Comparison

The side-by-side comparison of Zerodha and SMC Global Limited stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and SMC Global's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and SMC Global.

  Zerodha SMC Global Limited
 
Zerodha Logo SMC Global Limited Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through office... Know more about SMC Global Limited
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, BSE, MCX and NCDEX NSE, BSE, MCX, NCDEX
Account Type Standard Plan
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Zerodha SMC Global Limited
Trading Account Opening Fees ₹300 Nil
Trading Account AMC ₹0 (Free) Nil
Demat Account Opening Fees ₹100 Rs 499
Demat Account AMC ₹300 Rs 300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha SMC Global Limited
Account Type Standard Plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.3%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower Rs.70 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower Rs.20 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%

Other Charges

Minimum Brokerage Charges ₹0 Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹20 per executed order
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Taxes

  Zerodha SMC Global Limited
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha SMC Global Limited
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.0035%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.0035%
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) 0.0029%
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) 0.065% (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) 0.0029%
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) 0.065% (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) 0.0030%
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Exposure

  Zerodha SMC Global Limited
Equity Delivery 1x (no margin) Upto 3x
Equity Intraday Up to 20x (based on the stock) Upto 10x Intraday
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 2x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Upto 2x
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Share Broker Features

  Zerodha SMC Global Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes
Online Portfolio No Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time 3:10 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Zerodha SMC Global Limited
  330 Customer Reviews    Rate Zerodha 13 Customer Reviews    Rate SMC Global
Fees Ratings 3.8 3.8
Trading Brokerage Rating 4.4 3.3
Trading Platform Usability 3.6 3.9
Customer Service Ratings 3.5 3.8
Overall Ratings Rated 3.7 stars Rated 3.8 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews SMC Global is Rated 3.8 / 5 based on 13 customer reviews
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Contact Broker / Request A Call Back

  Zerodha SMC Global Limited
Contact / Request Call Back
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Investment Options Available

  Zerodha SMC Global Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Customer Service Offered

  Zerodha SMC Global Limited
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Zerodha SMC Global Limited
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Zerodha SMC Global Limited
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Zerodha SMC Global Limited
Casual Investor
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Zerodha SMC Global Limited
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.

More Disadvantages...

Reviews Useful Articles about Zerodha:
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