Compare Stock Brokers
   




Sbicap Securities vs. Stewart Mackertich Wms

Every stockbroker charges a fee for performing the trading deals. Moreover, these fees can be different for different asset classes. It is important to choose the best stock broker for your trading needs to maximize the return on investment.

Please find below, a very detailed comparision report for the stock brokers, Sbicap Securities and Stewart Mackertich Wms. The comparision table below helps you to compare Sbicap Securities and Stewart Mackertich Wms in various aspects.

You can find how Sbicap Securities and Stewart Mackertich Wms stack up when brokerage charges, trading platforms, customer support, complaints and more are compared.

Also, you can visit Sbicap Securities brokerage calculator and Stewart Mackertich Wms brokerage calculator for a detailed report on brokerage charges.


Overview

Sbicap Securities and Stewart Mackertich Wms are both Public companies. Sbicap Securities was founded by Varsha Purandare in 1986. Sbicap Securities has it's headquarters at Mumbai, India. Stewart Mackertich Wms was founded by Rahul Kayan, Ashiwini Kumar Tripathi in 1993. Stewart Mackertich Wms has it's headquarters at Kolkata, WB. Sbicap Securities and Stewart Mackertich Wms are both Full Service Broker. In general, full service brokers provide more investment advice and perform detailed stock analysis for their clients. The brokerage fees are also towards the higher side.

Overview Sbicap Securities Stewart Mackertich Wms
Broker Type Full Service Broker Full Service Broker
Type of company Public Public
Headquarter Mumbai, India Kolkata, WB
Founders Varsha Purandare Rahul Kayan, Ashiwini Kumar Tripathi
Foundation Year 1986 1993

Sbicap Securities and Stewart Mackertich Wms Trading Account Opening and Demat Charges

Demat (short for dematerialization account) account is used for holding securities in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

The account opening charges vary from 0 to Rs.200 for various brokers such as Sbicap Securities charges Rs.500 whereas Stewart Mackertich Wms charges Rs.250.

Once you have opened a Demat account, you have to pay certain charges such as account maintenance charges, broker commission, GST, STT. The AMC (Annual Maintenance charges) are around Rs.300, and the discount broker usually charges Rs.20 per executed trade as their commission.

As mentioned above that the CDSL and NSDL are both depositories registered by the Indian government to hold securities such as stocks, commodities, bonds, ETF's in electronic form or copies, and different brokers use one of the two depository types. Both Sbicap Securities and Stewart Mackertich Wms use CDSL & NSDL.

Account Opening and Demat Charges Sbicap Securities Stewart Mackertich Wms
Trading Account Opening Charges Rs.500 Rs.250
Demat AMC (Annual Maintenance Charges) Rs.400 per annum Rs.250 per Annum
Trading AMC (Annual Maintenance Charges) Free Free
Margin Money Rs.25,000 Minimum Rs.5,100
Offline to Online Charges Not applicable Yes
Depository CDSL & NSDL CDSL & NSDL

Sbicap Securities vs. Stewart Mackertich Wms Equity Brokerage Charges

Apart from the AMC charges, an investor also has to face other charges for using different services by the broker.

Equity delivery charges: This basically means that you hold the securities for a certain amount of the time in your Demat Account and sell it at the right time to make a gain on your investment. As the competition is really high for brokers in this area, they usually charge Rs.0 for equity delivery to attract more customers, while some charge up to Rs.20 per executed trade. Sbicap Securities charges 0.50% for equity delivery and Stewart Mackertich Wms charges 0.36% for equity delivery.

Equity Intraday: As the name tells, equity intraday means buying and selling of stocks/shares within the same day. Sbicap Securities charges 0.08% for equity intraday and Stewart Mackertich Wms charges 0.04% for equity intraday.

Equity Futures: This term means buying and selling shares at a fixed price on a future date. Sbicap Securities charges 0.03% – 0.05% for equity futures and Stewart Mackertich Wms charges 0.04% for equity futures.

Equity Options: They allow an investor to buy or sell stocks under a set or strike price through a contract (1 contract = 100 shares). Sbicap Securities charges Rs.50 per lot for equity options and Stewart Mackertich Wms charges Rs.36 per Lot for equity options.

Equity Brokerage Charges Sbicap Securities Stewart Mackertich Wms
Equity Delivery Brokerage 0.50% 0.36%
Equity Intraday Brokerage 0.08% 0.04%
Equity Futures Brokerage 0.03% – 0.05% 0.04%
Equity Options Brokerage Rs.50 per lot Rs.36 per Lot

Sbicap Securities vs. Stewart Mackertich Wms Currency Brokerage Charges

Many discount brokers are providing their services in India right now. Still, not all of them are trading stocks, currency, and commodities. However, those who are the top-performing ones do provide their services in these areas with separate charges.

Currency future: This term is also commonly known as FX future or foreign exchange future. As the name suggests, it's a future's contract to exchange one currency for another currency at a specific future date at an exact or fixed price at the purchase date. This concept is similar to that of equity futures. Sbicap Securities charges 0.02% for currency futures and Stewart Mackertich Wms charges 0.04% for currency futures.

Currency Options: As with equity options, a currency option is a contract that gives a buyer the right (not obligation) to buy or sell a particular currency at a fixed exchange rate on or before a specific date. Sbicap Securities charges Rs.20 per lot for currency options and Stewart Mackertich Wms charges Rs.36 per Lot for currency options.

Currency Brokerage Charges Sbicap Securities Stewart Mackertich Wms
Currency Futures Brokerage 0.02% 0.04%
Currency Options Brokerage Rs.20 per lot Rs.36 per Lot

Sbicap Securities vs. Stewart Mackertich Wms Commodity Brokerage Charges

Commodity trading: The textbook definition of a commodity is a raw material or primary agricultural product that can be bought or sold. In the world of trading, this concept is prevalent. Many traders buy or sell gold, silver, and oil, and many brokers are providing their services online to ease this process of buying and selling raw materials. Sbicap Securities charges NA for commodity trading and Stewart Mackertich Wms charges 0.04% for commodity trading.

Commodity Brokerage Charges Sbicap Securities Stewart Mackertich Wms
Commodity Options Brokerage NA 0.04%

Sbicap Securities vs. Stewart Mackertich Wms Other Charges

Other brokerage charges that an investor should keep in mind are

Minimum broker charges: Sbicap Securities charges Rs.10 per Transaction as minimum brokerage charge. Stewart Mackertich Wms charges Rs.10 per Transaction as minimum brokerage charge.

Transaction brokerage charges: These are charges that a customer face on every transaction completed by DP (depository participant) Sbicap Securities charges 0.00384% of Total Turnover as transaction brokerage charges. Stewart Mackertich Wms charges 0.00299% as transaction brokerage charges.

SEBI Turnover charges: Securities and Exchange Board of India (SEBI) is the regulator of the security and commodity market. It keeps a check on fair trade for all investors and charges a certain amount for their turnover. Sbicap Securities charges 0.0002% of Total Turnover as sebi turnover charges and Stewart Mackertich Wms charges 0.0002% of Total Turnover as sebi turnover charges.

Stamp Duty charges: Stamp duty charges vary depending on the state and the type of asset class.

GST Charges (Goods and Services Tax): A GST of 18% on brokerage and transaction charges is applied.

STT (Securities transaction tax): Sbicap Securities charges 0.0126% of Total Turnover as STT and Stewart Mackertich Wms charges 0.0126% of Total Turnover as STT.

Other Brokerage Charges Sbicap Securities Stewart Mackertich Wms
Minimum Brokerage Charges Rs.10 per Transaction 0.04%
Transaction Brokerage Charges 0.00384% of Total Turnover 0.00299%
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Charges As per the state (Use Sbicap Securities Brokerage Calculator to see report As per the state (Use Stewart Mackertich Wms Brokerage Calculator to see report
GST Charges 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)
STT Charges 0.0126% of Total Turnover 0.0126% of Total Turnover

Sbicap Securities vs Stewart Mackertich Wms Equity Exposure/Leverage

Exposure relates to the amount of money an investor has invested in a particular trade/stock and the amount he can lose on that trade/stock. Leverage links with exposure; if an investor wants to increase his exposure on a specific trade/stock, he can use leverage to take a much bigger position on the trade with his broker's help. Leverage of 1:500 means that for every $1 or Rs.1 of their share capital, the trader receives $500 or Rs.500 to trade with. This concept is expected in stock and forex trading, and many brokers provide even more than 1:500 leverage to attract more customers to use their services and trade through them.

Equity Leverage Sbicap Securities Stewart Mackertich Wms
Equity Delivery Upto 8x Upto 2X
Equity Intraday Upto 12x Upto 5X
Equity Futures Upto 8x Upto 3X
Equity Options Upto 8x Upto 6X

Sbicap Securities vs. Stewart Mackertich Wms Currency Leverage

Currency Leverage Sbicap Securities Stewart Mackertich Wms
Currency Futures Upto 5x Upto 1X
Currency Options Upto 6x Upto 3X

Sbicap Securities vs. Stewart Mackertich Wms Commodity Leverage

Equity Leverage Sbicap Securities Stewart Mackertich Wms
Commodity NA Upto 2X

Sbicap Securities vs. Stewart Mackertich Wms Offers

Many stockbrokers are providing attractive offers to capture more customers. These offers are as follows:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get brokers' services at a discount.

1-month free plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on loss trade: complete refund of money on unsuccessful trades.

Offers Sbicap Securities Stewart Mackertich Wms
Free Stock Trading Account No Yes
Free Demat Account No No
Flexible Plans No Yes
Brokerage Discounts No No
Happy Hours No No
1 Month Free Plan No No
Holiday Offers No No
Referral Program No Yes
Zero Brokerage on Loss Trades No No

Sbicap Securities vs. Stewart Mackertich Wms Features

Apart from attractive and catchy offers, many stockbrokers provide services that are appealing to investors and traders. The services are as follows:

  • Mutual Funds: helping investors build their long term investment portfolio for maximum return and minimum risk after performing proper fundamental and technical analysis.
  • Forex: many stockbrokers are not only providing their services in the stock market sector but also in Forex.
  • Banking: full-service brokers are also providing their services in the banking sector.
  • SIP (systematic investment plans); this is a branch that falls under a mutual fund's services, many brokers help investors shape their investment portfolio systematically for maximum returns.
  • Insurance: Top performing brokers even provide insurance plans for their clients.
Features Sbicap Securities Stewart Mackertich Wms
Equity Delivery Trading Yes No
Equity Intraday Trading Yes Yes
Equity Futures Trading Yes No
Equity Options Trading Yes No
Currency Trading Yes No
Commodity Trading No No
IPO (Initial public offering) Yes No
Stocks Suggestions No No
Robo Advisory No No
PMS (Portfolio Management Services) Yes No
Trading Institution No No
Trading Exposure Upto 12x
Mutual Funds Yes No
SIP (Systematic Investment Plan) Yes No
Forex Trading No No
Banking Yes No
Insurance Yes No

Sbicap Securities vs. Stewart Mackertich Wms Advisory Services

The main difference between a discount and a full-service broker is the services they provide and the rates at which they are providing.

Discount brokers execute buy and sell orders at a relatively lower commission rate than a full-service broker. Apart from this, a discount broker does not have the skill set to provide in-depth investment advice and analysis on specific stocks and does not have good knowledge of the price-action strategy compared to a full-service broker. All these factors are a significant reason for the difference in their prices.

Fundamental Reports: It is basically the reports related to the analysis of a company's financial statements, which helps the investors and financial analysts to decide regarding the current financial standing of a company.

Research Reports: It is prepared by a financial analyst who is working in hedge funds, investment banks, and mutual funds, and these reports may target a specific company's stock, commodities, currency, or industry.

Company Reports: Company reports are comprehensive and easy to understand reports regarding the company's activities throughout the year, month, or week.

Annual Reports: A branch of a company's report in which a company includes all the activities they have carried out in the previous years and the cost of carrying out those activities and the corresponding profit or loss made while carrying out those activities.

Company Stock Review: Stock review or analysis is comparing the company's financial statements with the previous years. This process also includes analysis of specific ratios such as liquidity ratios, free cash flow ratio, profitability ratio, etc., to get a clear picture of how a stock is performing currently and how profitable a company can be in the future.

Free Stock Tips: Some stock tips for you

  • - Read financial magazines such as Bloomberg, The Economist.
  • - Never get emotionally attached to your investments.
  • - SMS alerts for upcoming IPO's
  • - Invest in company's you believe will have an impact on the world in the next 5-10 years, e.g., Tesla
  • - Use proper risk management.
  • - Diversify your portfolio (choose stocks that are from various industries in order to avoid correlation between them)

IPO reports- A private company go public to increase their funding. This process is done by investment banks, hedge funds by releasing the company's IPOs (initial public offerings).

Top Picks- Top pick stocks are usually the best-performing stocks in a specific year, and it makes it easier for the investor to make an investment call. Some of the top-performing stocks are:

  • Bharti Airtel
  • Nocil
  • Infosys

Daily Market Review: This term focuses on the daily movements and changes in the stock index and tells how many points the index is up or down.

Monthly Reports: Monthly reports are brief yet comprehensive reports focusing on the activities that took place within the month in the company and are used for short term decision making by managers.

Weekly Reports: Weekly reports are summarized reports of the weekly activities in the business and the company's cost to carry out those activities. These reports are used for short term decision making.

Offline Advisory: Advisory is not provided over the internet but by other means such as letters, SMS, and phone calls.

Relationship Manager: The main role of a relationship manager in the banking sector is to deal with the clients and help them make the right decisions, and explain all the firm's financial services in detail.

Features Sbicap Securities Stewart Mackertich Wms
Fundamental Reports Yes No
Research Reports Yes Yes
Company Reports Yes Yes
Annual Reports Yes Yes
Company Stock Review Yes Yes
Free Stock Tips No Yes
IPO Reports Yes Yes
Top Picks Yes No
Daily Market Review No Yes
Monthly Reports Yes No
Weekly reports Yes Yes
Offline Advisory Yes Yes
Relationship Manager Yes Yes

Sbicap Securities vs Stewart Mackertich Wms Trading Platforms

A trader can use different trading platforms to analyze various stocks/currency pairs/commodities and execute buy or sell orders through that platform. There are Desktop platforms such as MetaTrader 4 for Windows and Android phones and MetaTrader 5 for Mac computers and Apple IOS devices. They are commonly referred to as MT4 and MT5. Standard software is TradingView providing its services in both the stock and Forex sectors with a highly optimized user interface. Their interactive charts make it easy for the traders to perform various types of analysis on the charts.

You can link TradingView and other online platforms like these with your cell phone to get real-time updates and SMS alerts for stocks that are on your watchlist. Moreover, these platforms also provide personalized advisory and give you buy or sell signals when an opportunity comes.


Sbicap Securities vs. Stewart Mackertich Wms Desktop Trading Platforms

Desktop Trading Platforms Sbicap Securities Stewart Mackertich Wms
Windows Yes Yes
Mac Yes Yes
Desktop Browser Yes Yes

Sbicap Securities vs. Stewart Mackertich Wms Mobile Trading Platforms

Mobile Trading Platforms Sbicap Securities Stewart Mackertich Wms
Mobile Browser Yes Yes
Android App Yes Yes
iOS App Yes Yes
Windows app No No
Other mobile os No No

Sbicap Securities vs. Stewart Mackertich Wms Customer Support

Customer support is a crucial factor that makes a new customer into a loyal and long-term customer. As the world of trading is speedy, an investor needs proper customer support from their brokers to execute orders at the right time to avoid any potential losses. The brokers' responsibility is to be active on live chats, E-mails, helpline numbers, and discussion forums.

Customer Support Features Sbicap Securities Stewart Mackertich Wms
Relationship Manager Yes Yes
Offline Trading Yes Yes
Online Trading Yes Yes
24 * 7 Support Yes No
Email Support Yes Yes
Chat Support No No
Toll free number No No
Support Branches 225 380

Sbicap Securities vs. Stewart Mackertich Wms Customer Complaints

To keep a strict check and balance on fair-trade opportunities for every trader and investor, BSE and NSE actively take complaints and resolve them. Investors can lodge complaints about trading members, brokers, and companies listed on the index. BSE and NSE take action to resolve them by giving them a specific time to rectify their mistake, and if not rectified, serious measures are taken against them. Find below the total number of complaints lodged in bse or nse. Also you can find how many of those complaints were resolved. The percentage of lodges vs. resolved cases can also be a useful metric to judge a stock broker.

BSE Complaints Sbicap Securities Stewart Mackertich Wms
BSE Complaints 196 0
BSE Resolved Complaints 153 0
Percentage of resolved BSE complaints 78.06 % NaN %
NSE Complaints 218 1
NSE Resolved Complaints 200 1
Percentage of resolved NSE complaints 91.74 % 100.00 %
BSE/NSE Complaint vs. Resolved Percentage 84.90 % NaN %

Frequently Asked Questions


  1. Is Sbicap Securities better than Stewart Mackertich Wms ?

    Sbicap Securities and Stewart Mackertich Wms are both full service broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

  2. Is Stewart Mackertich Wms better than Sbicap Securities ?

    Sbicap Securities and Stewart Mackertich Wms are both full service broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

  3. Is Sbicap Securities cheaper than Stewart Mackertich Wms ?

    Sbicap Securities and Stewart Mackertich Wms are both full service broker companies. Since these are full-service brokers, the brokerage fees are generally on the higher side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

  4. Is Stewart Mackertich Wms cheaper than Sbicap Securities ?

    Sbicap Securities and Stewart Mackertich Wms are both full service broker companies. Since these are full-service brokers, the brokerage fees are generally on the higher side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

  5. Which is better Stewart Mackertich Wms vs. Sbicap Securities ?

    To find out the better of the two stockbrokers Sbicap Securities and Stewart Mackertich Wms, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.


Compare Sbicap Securities with other stock brokers

Visit the following pages to see a detailed comparision report of Sbicap Securities with other brokerage firms.


Compare Stewart Mackertich Wms with other stock brokers

Visit the following pages to see a detailed comparision report of Stewart Mackertich Wms with other brokerage firms.