Paytm Money vs SMC Global
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Paytm Money
VS
SMC Global
Paytm Money vs SMC Global — quick verdict
Choose Paytm Money if
You want low-cost, self-directed trading
Invest in stocks, F&O, mutual funds and IPOs with zero lifetime AMC and a technology-first trading platform.
Choose SMC Global if
You want research and offline support
Your Financial Partner.
Company overview
Paytm Money is a discount broker incorporated in 2017; SMC Global is a full-service broker incorporated in 1994.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Type of broker | Discount Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX · NCDEX · MSEI | NSE · BSE · MCX · NCDEX · MSEI |
| Year of incorporation | 2017 | 1994 older |
| Number of branches | 0 | 2,500+ wider |
| Active clients | 21 Million+ Users* | 4 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Paytm Money and SMC Global compared side by side.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Trading a/c opening | ₹0 (Free) | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 (Free) | ₹0 |
| Demat a/c AMC | ₹0 (Lifetime Free) lower | ₹399 + GST per year |
| DP charges (per ISIN, sell) | ₹20 per debit transaction | ₹15.93 per debit transaction (including GST) lower |
Brokerage charges
How Paytm Money and SMC Global price each trading segment, per executed order.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Equity Delivery | ₹20 per executed order | 0.30% |
| Equity Intraday | ₹20 per executed order | 0.30% |
| Equity Futures | ₹20 per executed order or 0.02% (whichever is lower) | 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 | ₹50 per executed order | ₹20 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Paytm Money and SMC Global, per segment.
| Parameter | Paytm Money | SMC 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: 0.0311% (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 Paytm Money and SMC Global — AMC, debit transactions, pledging and remat.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (Lifetime Free) | ₹399 + GST per year |
| Debit Transaction Charges | ₹20 per sell transaction | ₹15.93 per debit transaction (including GST) |
| Pledge / Unpledge Charges | ₹20 per transaction (Margin pledge/unpledge as per current tariff) | ₹25 + GST per request |
| Dematerialisation (Demat) | ₹250 per certificate / per scheme | ₹150 per certificate + GST |
| Rematerialisation (Remat) | ₹250 per certificate / per scheme | ₹150 per certificate + GST |
| Failed Transactions | Nil | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Paytm Money and SMC Global.
| Parameter | Paytm Money | SMC 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 Paytm Money and SMC Global.
| Parameter | Paytm Money | SMC 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 | Paytm Money Web, Paytm Money App | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | TradingView Charts, Basket Orders, Option Chain, Stock SIP, Price Alerts, ETF Investing, NPS, Margin Trading Facility (MTF), eDIS | 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 Paytm Money and SMC Global.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Trading platforms offered | Paytm Money Web, Paytm Money App, TradingView Charts | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Paytm Money Web, Paytm Money App | SMC ACE Web, SMC ACE Mobile App, SMC Trade Pro |
| Mobile / desktop apps | Web, Mobile, Integrated Charting | Web, Mobile, Desktop |
User ratings
User ratings for Paytm Money and SMC Global across the key parameters.
| Rated on | Paytm Money | SMC Global |
|---|---|---|
| Fees | 4.8 better | 4.1 |
| Brokerage | 4.8 better | 4.2 |
| Trading platform | 4.5 better | 4.3 |
| Customer service | 4.1 | 4.5 better |
| Research | 3.8 | 4.8 better |
| Overall | 4.4 better | 4.3 |
Investment options
Which investment products Paytm Money and SMC Global let you access.
| Parameter | Paytm Money | SMC 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 Paytm Money and SMC Global.
| Parameter | Paytm Money | SMC 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 Paytm Money and SMC Global.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| SEBI registration | INZ000240532 | INZ000199438 |
| NSE member code | 90165 | 06611 |
| Year of incorporation | 2017 | 1994 longer track record |
| Net worth | ₹366.98 Cr | ₹3,215+ Cr stronger |
| Exchange memberships | NSE · BSE · MCX · NCDEX · MSEI | NSE · BSE · MCX · NCDEX · MSEI |
| Latest complaint ratio | 0.002% fewer complaints | 0.004% |
Complaints record
Exchange complaint data for Paytm Money and SMC Global — the ratio matters more than the raw count.
| Parameter | Paytm Money | SMC Global |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 765,696 larger base | 4,21,538 |
| Complaints filed | 14 | 17 |
| Complaint ratio | 0.002% fewer complaints | 0.004% |
Pros & cons
The main advantages and drawbacks of each broker.
Paytm Money
▲ Pros
- ✓ Zero lifetime Demat AMC.
- ✓ Competitive flat brokerage across trading segments.
- ✓ Fully digital and paperless account opening.
- ✓ Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, bonds, and NPS.
- ✓ Modern web and mobile trading platforms with advanced charting.
- ✓ GTT orders, Basket Orders, Stock SIP, and Margin Trading Facility available.
▼ Cons
- ✕ Limited offline branch network.
- ✕ Research and advisory services are not as comprehensive as full-service brokers.
- ✕ Call & Trade service is chargeable.
- ✕ No dedicated desktop trading software.
- ✕ Customer support response time 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.
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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 Mirae Asset Sharekhan SMC Global vs Axis Direct SMC Global vs 5paisa 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 LimitedDisclaimer: 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.