Zerodha Vs SMC Global (Compare Zerodha and SMC Global)

Zerodha Vs SMC Global

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 1994, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 branches across India.

	Zerodha	SMC Global
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	NSE, BSE, MCX, NCDEX
Year of Incorporation	2010	1994
Number of Branches	22	2450
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Zerodha Vs SMC Global Charges & AMC

Zerodha trading account opening charges is Rs 200 while SMC Global account opening changes is Nil. Zerodha Demat Account AMC Charges is Rs 300 and SMC Global Demat Account AMC Charges is Rs 300.

	Zerodha	SMC Global
Trading Account Opening Charges	Rs 200	Nil
Trading Account AMC Charges	Rs 0 (Free)	Nil
Demat Account Opening Charges	Rs 0	Rs 499
Demat Account AMC Charges	Rs 300	Rs 300

Zerodha Vs SMC Global Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas SMC Global brokerage charges for equity is 0.3% and intraday is 0.03%.

	Zerodha	SMC Global
Account Type	Flat Brokerage Plan
Fixed Charges
Equity Delivery	Rs 0 (Free)	0.3%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Options	Rs 20 per executed order	Rs 70 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Currency Options	Rs 20 per executed order or .03% whichever is lower	Rs 20 per lot
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Commodity Options	Rs 20 per executed order or .03% whichever is lower	0.03%
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Zerodha Charges Vs SMC Global

Minimum Brokerage	0.03% in Intraday and F&O	Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 50 per executed order

Zerodha Vs SMC Global Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while SMC Global exchange transaction charges for options is 0.065% (on premium).

	Zerodha	SMC Global
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	0.0035%
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	0.0035%
Equity Futures	NSE Rs 200 per Cr (0.002%)	0.0029%
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	0.065% (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	0.0029%
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	0.065% (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	0.0030%
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Zerodha Vs SMC Global Leverage (Margin)

Zerodha margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the SMC Global margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Zerodha	SMC Global
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Zerodha and SMC Global Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. SMC Global offers SMC Privilege, Easy Trader, Mobitrader, Tab Trader trading software.

	Zerodha	SMC Global
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Zerodha Vs SMC Global Review

Zerodha is rated 3.7 of 5 based on 437 customer reviews whereas SMC Global is rated 4.1 of 5 based on 29 customer reviews.

	Zerodha	SMC Global
	437 Customer Reviews	29 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 437 customer reviews	SMC Global is rated 4.1 of 5 based on 29 customer reviews

Zerodha Vs SMC Global Investment Options

	Zerodha	SMC Global
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance

Zerodha Vs SMC Global Order Type Offered

	Zerodha	SMC Global
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs SMC Global Research Report

	Zerodha	SMC Global
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs SMC Global Suitable For Investor Type

	Zerodha	SMC Global
Casual Investor
Active Investor
Trader

Zerodha Vs SMC Global - Pros and Cons

	Zerodha	SMC Global
Pros	India's No. 1 broker in terms of the number of active clients and exchange volume. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.	They have 50+ branches for extensive reach. Call and trade facility is also available. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
Cons	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.	Mobile trading on NSE is not available. They don't offer 3 in 1 account. There charge extra for their featured products.
Reviews
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + Trade with the best trading platform in India. This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
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