Compare stock brokers
SS Corporate vs. Multiplex Capital
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are SS Corporate and Multiplex Capital. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of SS Corporate and Multiplex Capital.
Overview
SS Corporate and Multiplex Capital are both public companies and both are full service broker as well. Sunil Kumar Gupta co-founded SS Corporate in 1994. And Multiplex Capital was founded in the year 1994 by Suman Aggarwal. SS Corporate's headquarters are in New Delhi and Multiplex Capital's headquarters are in New Delhi.
SS Corporate and Multiplex Capital both are full service broker as well. SS Corporate is registered in NA, while Multiplex Capital is registered in NA. The total branches of SS Corporate are Nil and the Multiplex Capital branches are Nil.
| Overview | SS Corporate | Multiplex Capital |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | New Delhi | New Delhi |
| Founders | Sunil Kumar Gupta | Suman Aggarwal |
| Foundation Year | 1994 | 1994 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
SS Corporate and Multiplex Capital Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with SS Corporate charging Rs.100 and Multiplex Capital charging Rs.239.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the SS Corporate Demat account is Free and for the Multiplex Capital Demat account is Rs.239 per Annum. The Trading AMC for SS Corporate and Multiplex Capital is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both SS Corporate and Multiplex Capital is CDSL.
| Account Opening and Demat Charges | SS Corporate | Multiplex Capital |
|---|---|---|
| Trading Account Opening Charges | Rs.100 | Rs.239 |
| Demat AMC (Annual Maintenance Charges) | Free | Rs.239 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.299 per Annum | Free |
| Margin Money | Minimum Rs.3,100 | Minimum Rs.1,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
SS Corporate and Multiplex Capital Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for SS Corporate is 0.35%, while Multiplex Capital charges you 0.21%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for SS Corporate is 0.04% and for Multiplex Capital also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. SS Corporate charge 0.04% and Multiplex Capital charge 0.02% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, SS Corporate charges Rs.35 per Lot, and Multiplex Capital charges Rs.21 per Lot.
| Equity Brokerage Charges | SS Corporate | Multiplex Capital |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | 0.21% |
| Equity Intraday Brokerage | 0.04% | 0.02% |
| Equity Futures Brokerage | 0.04% | 0.02% |
| Equity Options Brokerage | Rs.35 per Lot | Rs.21 per Lot |
SS Corporate and Multiplex Capital Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for SS Corporate is 0.04% and for Multiplex Capital is 0.02%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. SS Corporate charges Rs.35 per Lot for currency options, whereas SS Corporate charges Rs.21 per Lot.
| Currency Brokerage Charges | SS Corporate | Multiplex Capital |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.02% |
| Currency Options Brokerage | Rs.35 per Lot | Rs.21 per Lot |
SS Corporate and Multiplex Capital Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. SS Corporate charges 0.04% for commodity trading, while Multiplex Capital charges 0.02%.
| Commodity Brokerage Charges | SS Corporate | Multiplex Capital |
|---|---|---|
| Commodity Options Brokerage | 0.04% | 0.02% |
SS Corporate and Multiplex Capital Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: SS Corporate levies a minimum brokerage fee of Percentage of Transaction, while Multiplex Capital charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: SS Corporate levies a transaction brokerage charge of 0.00315%, while Multiplex Capital charges 0.00313%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for SS Corporate is 0.0002% of Total Turnover and for SS Corporate is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for SS Corporate are 0.0126% of Total Turnover, while for Multiplex Capital, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. SS Corporate charges NA and Multiplex Capital charges NA.
| Other Brokerage Charges | SS Corporate | Multiplex Capital |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00315% | 0.00313% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
SS Corporate and Multiplex Capital Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by SS Corporate is up to Upto 2x and by Multiplex Capital it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by SS Corporate is up to Upto 10x and by Multiplex Capital it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by SS Corporate is up to Upto 3x and by Multiplex Capital it is up to Upto 3x.
Equity Options: Leverage for Equity Options by SS Corporate is up to Upto 4x and by Multiplex Capital also, it is up to Upto 5x.
| Equity Leverage | SS Corporate | Multiplex Capital |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 3x | Equity Intraday | Upto 10x | Upto 6x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 4x | Upto 5x |
SS Corporate and Multiplex Capital Currency Leverage
The currency futures leverage provided by SS Corporate is up to Upto 2x, while for Multiplex Capital it is up to Upto 2x.
The currency options leverage provided by SS Corporate is up to Upto 4x, while for Multiplex Capital it is up to Upto 4x.
| Currency Leverage | SS Corporate | Multiplex Capital |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 4x | Upto 4x |
SS Corporate and Multiplex Capital Commodity Leverage
The commodity leverage provided by SS Corporate is up to Upto 2x, while for Multiplex Capital it is up to Upto 3x.
| Commodity Leverage | SS Corporate | Multiplex Capital |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
SS Corporate and Multiplex Capital Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
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 broker's 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 | SS Corporate | Multiplex Capital |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
SS Corporate and Multiplex Capital Features
Equity Trading: SS Corporate and Multiplex Capital brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: SS Corporate and Multiplex Capital also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of SS Corporate and Multiplex Capital broker is that you can also invest in IPOs. SS Corporate also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. SS Corporate offers trading exposure of up to Upto 10x, while Multiplex Capital gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With SS Corporate and Multiplex Capital, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. SS Corporate and Multiplex Capital also allow you to trade in forex trading.
| Features | SS Corporate | Multiplex Capital |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | Yes | Trading Exposure | Upto 10x | Upto 6x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
SS Corporate and Multiplex Capital Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. SS Corporate and Multiplex Capital offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | SS Corporate | Multiplex Capital |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | Yes |
| Top Picks | Yes | No |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
SS Corporate and Multiplex Capital Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. SS Corporate and Multiplex Capital offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | SS Corporate | Multiplex Capital |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
SS Corporate and Multiplex Capital Mobile Trading Platforms
SS Corporate and Multiplex Capital offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | SS Corporate | Multiplex Capital |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
SS Corporate and Multiplex Capital Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. SS Corporate and Multiplex Capital give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | SS Corporate | Multiplex Capital |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 284 | 283 |
SS Corporate and Multiplex Capital Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for SS Corporate and Multiplex Capital registered and resolved complaints.
For SS Corporate, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Multiplex Capital, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that SS Corporate is better than Multiplex Capital in case of resolving customer complaints.
| BSE Complaints | SS Corporate | Multiplex Capital |
|---|---|---|
| BSE Complaints | 1 | 0 |
| BSE Resolved Complaints | 1 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 6 | 4 |
| NSE Resolved Complaints | 6 | 4 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is SS Corporate better than Multiplex Capital?
SS Corporate and Multiplex Capital are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Multiplex Capital better than SS Corporate?
Multiplex Capital and SS Corporate are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between SS Corporate and Multiplex Capital?
SS Corporate and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, SS Corporate and Multiplex Capital?
To figure out which of the two stockbrokers, SS Corporate and Multiplex Capital, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare SS Corporate with other stock brokers
Visit the following pages to see a detailed comparision report of SS Corporate with other brokerage firms.
Compare Multiplex Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Multiplex Capital with other brokerage firms.