Zerodha vs SMC Global – Point by Point Comparison

On comparing Zerodha with SMC Global for online share trading it shows up that Zerodha is an online discount broker whereas SMC Global is a full service broker.  Opening a trade account at SMC Global is affordable at a charge of Rs.100 whereas that for Zerodha is Rs.300. Also if we compare the fees for opening Demat account is Rs.150 for Zerodha whereas for SMC Global no fees is charged for opening a Demat account. Zerodha offers equity offers brokerage at a rate of 0.01% whereas SMC Global offers equity brokerage at a rate of 0.30%.  The commodity charges for Zerodha are 0.01% but for SMC Global it is 0.03%. Different transaction charges for equity delivery are charged by Zerodha but for SMC Global it is free of cost. SMS alerts and online portfolios are not a feature of Zerodha whereas same is followed by the SMC Global Company. SMC Global offers IPO (Initial Public Offers) and mutual funds. Also it offers a daily market report but Zerodha does not offer any such daily market reports. A quarterly analysis of results is done by SMC Global but no such analysis is done by SMC Global.

Zerodha SMC Global Limited
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX-SX, MCX BSE, NSE, MCX & NCDEX
Fees for Opening Trading Account Rs. 300 Rs. 1000
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 150 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 300
Brokerage Charges Equity Delivery Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.30%
Equity Intraday Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Equity Future Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Equity Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 70 per lot
Currency Futures Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Currency Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 20 per lot
Commodity Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Minimum Brokerage Charges Nil Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
Transaction Charges Equity Delivery For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.00%
Equity Intraday For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.00%
Equity Futures For BSE: 0.0007%, for NSE: 0.0021% & for MCX-SX: 0.0014% 0.00%
Equity Options For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium 0.065% on Premium
Currency Futures For NSE: 0.00135% & for MCX-SX: 0.0013% 0.00%
Currency Options For NSE: 0.044% & for MCX-SX: 0.037% 0.065% on Premium
Commodity 0.0031% (Non-Agri) & 0.00175% (Agri) 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y NA
Online Portfolio N Y
Trading Platform Zerodha Trader, Z5 &Zerodha PI Odin Diet
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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