5paisa vs SMC Global

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
SMC Global
Full-Service Broker · since 1994
SMC Global

5paisa vs SMC Global — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose SMC Global if

You want research and offline support

Your Financial Partner.

Company overview

5paisa is a discount broker incorporated in 2007; SMC Global is a full-service broker incorporated in 1994.

Parameter5paisaSMC Global
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2007 1994 older
Number of branches 20+ Branches 2,500+ wider
Active clients 38 Lakh+ larger 4 Lakh+

Charges & AMC

Account-opening and maintenance charges for 5paisa and SMC Global compared side by side.

Parameter5paisaSMC Global
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year lower ₹399 + GST per year
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST) lower

Brokerage charges

How 5paisa and SMC Global price each trading segment, per executed order.

Parameter5paisaSMC Global
Equity Delivery ₹20 per executed order 0.30%
Equity Intraday ₹20 per executed order 0.30%
Equity Futures ₹20 per executed order 0.30%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order 0.03%
Commodity F&O ₹20 per executed order 0.03%
Call & Trade ₹100 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and SMC Global, per segment.

Parameter5paisaSMC Global
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for 5paisa and SMC Global — AMC, debit transactions, pledging and remat.

Parameter5paisaSMC Global
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹399 + GST per year
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹20 + GST per request ₹25 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and SMC Global.

Parameter5paisaSMC Global
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across 5paisa and SMC Global.

Parameter5paisaSMC Global
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Research Reports, Trading Calls, Option Chain, Advanced Charting, Basket Orders, Price Alerts, Portfolio Tracker, Margin Trading Facility (MTF), IPO Investment, Wealth Management

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and SMC Global.

Parameter5paisaSMC Global
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for 5paisa and SMC Global across the key parameters.

Rated on5paisaSMC Global
Fees 4.8 better 4.1
Brokerage 4.9 better 4.2
Trading platform 4.5 better 4.3
Customer service 4.2 4.5 better
Research 4 4.8 better
Overall 4.5 better 4.3

Investment options

Which investment products 5paisa and SMC Global let you access.

Parameter5paisaSMC Global
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and SMC Global.

Parameter5paisaSMC Global
Bracket Order ✕ No ✓ Yes better
Cover Order ✕ No ✓ Yes better
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and SMC Global.

Parameter5paisaSMC Global
SEBI registration INZ000010651 INZ000199438
NSE member code 11104 06611
Year of incorporation 2007 1994 longer track record
Net worth ₹1,201.91 Cr ₹3,215+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.002 fewer complaints 0.004%

Complaints record

Exchange complaint data for 5paisa and SMC Global — the ratio matters more than the raw count.

Parameter5paisaSMC Global
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 16,82,541 larger base 4,21,538
Complaints filed 29 17
Complaint ratio 0.002 fewer complaints 0.004%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
SMC Global

▲ Pros

  • ✓ Strong equity, commodity, and currency research.
  • ✓ Wide range of investment and wealth management products.
  • ✓ Large nationwide branch and franchise network.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, bonds, PMS, and insurance.
  • ✓ Advanced web, mobile, and desktop trading platforms.
  • ✓ Dedicated relationship managers and advisory services.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Some advanced advisory services are available only to premium clients.
  • ✕ Trading platforms may have a steeper learning curve for beginners.
  • ✕ Call & Trade charges apply.
Open 5paisa Account Open SMC Global Account

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Compare SMC Global with

SMC Global vs Zerodha SMC Global vs Angel One SMC Global vs Upstox SMC Global vs Groww SMC Global vs ICICI Direct SMC Global vs Kotak Neo SMC Global vs HDFC Securities SMC Global vs SBI Securities SMC Global vs Motilal Oswal SMC Global vs Paytm Money SMC Global vs Mirae Asset Sharekhan SMC Global vs Axis Direct SMC Global vs Choice Broking SMC Global vs m.Stock SMC Global vs Sahi SMC Global vs FYERS Securities SMC Global vs Anand Rathi SMC Global vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.