Zerodha Vs SMC Global (Compare Zerodha and SMC Global)


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


SMC Global
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 offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global Limited

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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
Open an Online Trading Account with Zerodha.Open an Online Trading Account with SMC Global.
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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
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Zerodha Vs SMC Global Brokerage Charges & Plans

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
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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 No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes
Online Portfolio No Yes
Margin Trading Funding No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
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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    Rate Zerodha 29 Customer Reviews    Rate SMC Global
Fees 3.7 3.9
Brokerage 4.3 3.8
Trading Platform 3.6 4.0
Customer Service 3.4 4.1
Research Capabilities 2.8 4.3
Overall Ratings Rated 3.7 stars Rated 4.1 stars
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
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Contact Broker / Request A Call Back

  Zerodha Enquire SMC Global Enquire
Contact Broker 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. Leave your contact information and we will get in touch with you....
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Zerodha Vs SMC Global Investment Options

  Zerodha SMC Global
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Zerodha Vs SMC Global Order Type Offered

  Zerodha SMC Global
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Zerodha Vs SMC Global Research Report

  Zerodha SMC Global
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Zerodha Vs SMC Global Suitable For Investor Type

  Zerodha SMC Global
Casual Investor Yes
Active Investor Yes
Trader Yes
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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.
  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.
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.
  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.
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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