SMC Global vs Kotak Securities – Point by Point Comparison

SMC Global Limited and Kotak Securities provide full service broker facility. Full service broker helps and allows many new comers to grow in the existing unpredictable share market. These companies will explain in detail when and how to buy stocks, when to sell to maximize the profit etc. Both the companies allow many exchanges. Cost to open an account is different in both the cases. SMC Global charges Rs 1000 and Kotak Securities charges Rs 750. Neither of the company charges any annual maintenance charge which helps in attracting more users. No registration fee for opening Demat account is taken from the account holder. After so much advantage, annual maintenance of Demat account is Rs 300 and Rs 600 respectively. Minimum brokerage costs charged by both the companies are almost same. They charge Rs 25 per transaction and Rs 21 per executed order. These companies offer online share trading which means buying, selling stocks online. With the help of online share trading, time involvement of an individual is less and therefore more people will be participating and also it gives higher discount brokerage. If you want to put your step forward in the share market, then take help from these companies.

SMC Global Limited Kotak Securities Ltd
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 1000 Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 600
Brokerage Charges Equity Delivery Charges 0.30% 0.49%
Equity Intraday Charges 0.03% 0.05%
Equity Future Charges 0.03% 0.05%
Equity Options Charges Rs. 70 per lot Rs. 100
Currency Futures Charges 0.03% NA
Currency Options Charges Rs. 20 per lot NA
Commodity Charges 0.03% 0.07%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 21 per executed order
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on selling ledger
Equity Futures 0.00% 0.01%
Equity Options 0.065% on Premium 0.02%
Currency Futures 0.00% 0.01%
Currency Options 0.065% on Premium 0.02%
Commodity 0.00% 0.00%
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo NA Y
Online Portfolio Y Y
Trading Platform Odin Diet NA
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y N
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y NA

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