Top Stock Advisory
Steel City vs. SS Corporate
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 Steel City and SS Corporate. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Steel City and SS Corporate.
Overview
Steel City and SS Corporate are both public companies and both are full service broker as well. Late Mr G. Sree Rama Murthy Garu co-founded Steel City in 1995. And SS Corporate was founded in the year 1994 by Sunil Kumar Gupta. Steel City's headquarters are in Vishakhapatnam, AP and SS Corporate's headquarters are in New Delhi.
Steel City and SS Corporate both are full service broker as well. Steel City is registered in NA, while SS Corporate is registered in NA. The total branches of Steel City are Nil and the SS Corporate branches are Nil.
Overview | Steel City | SS Corporate |
---|---|---|
Broker Type | Full Service Broker | Full Service Broker |
Type of company | Public | Public |
Headquarter | Vishakhapatnam, AP | New Delhi |
Founders | Late Mr G. Sree Rama Murthy Garu | Sunil Kumar Gupta |
Foundation Year | 1995 | 1994 |
Supported Exchanges | NA | NA |
Total branches | Nil | Nil |
Steel City and SS Corporate 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 Steel City charging Zero and SS Corporate charging Rs.100.
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 Steel City Demat account is Rs.300 per Annum and for the SS Corporate Demat account is Free. The Trading AMC for Steel City and SS Corporate 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 Steel City and SS Corporate is CDSL.
Account Opening and Demat Charges | Steel City | SS Corporate |
---|---|---|
Trading Account Opening Charges | Zero | Rs.100 |
Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Free |
Trading AMC (Annual Maintenance Charges) | Free | Rs.299 per Annum |
Margin Money | Zero Margin | Minimum Rs.3,100 |
Offline to Online Charges | Yes | Yes |
Depository | CDSL & NSDL | CDSL & NSDL |
Steel City and SS Corporate 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 Steel City is 0.28%, while SS Corporate charges you 0.35%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Steel City is 0.03% and for SS Corporate also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Steel City charge 0.03% and SS Corporate charge 0.04% 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, Steel City charges Rs.28 per Lot, and SS Corporate charges Rs.35 per Lot.
Equity Brokerage Charges | Steel City | SS Corporate |
---|---|---|
Equity Delivery Brokerage | 0.28% | 0.35% |
Equity Intraday Brokerage | 0.03% | 0.04% |
Equity Futures Brokerage | 0.03% | 0.04% |
Equity Options Brokerage | Rs.28 per Lot | Rs.35 per Lot |
Steel City and SS Corporate 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 Steel City is 0.03% and for SS Corporate is 0.04%.
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. Steel City charges Rs.18 per Lot for currency options, whereas Steel City charges Rs.35 per Lot.
Currency Brokerage Charges | Steel City | SS Corporate |
---|---|---|
Currency Futures Brokerage | 0.03% | 0.04% |
Currency Options Brokerage | Rs.18 per Lot | Rs.35 per Lot |
Steel City and SS Corporate 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. Steel City charges NA for commodity trading, while SS Corporate charges 0.04%.
Commodity Brokerage Charges | Steel City | SS Corporate |
---|---|---|
Commodity Options Brokerage | NA | 0.04% |
Steel City and SS Corporate Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Steel City levies a minimum brokerage fee of Percentage of Transaction, while SS Corporate charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Steel City levies a transaction brokerage charge of 0.00300%, while SS Corporate charges 0.00315%.
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 Steel City is 0.0002% of Total Turnover and for Steel City 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 Steel City are 0.0126% of Total Turnover, while for SS Corporate, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Steel City charges NA and SS Corporate charges NA.
Other Brokerage Charges | Steel City | SS Corporate |
---|---|---|
Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00300% | 0.00315% | 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 |
Steel City and SS Corporate 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 Steel City is up to Upto 1x and by SS Corporate it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Steel City is up to Upto 7x and by SS Corporate it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Steel City is up to Upto 1x and by SS Corporate it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Steel City is up to Upto 5x and by SS Corporate also, it is up to Upto 4x.
Equity Leverage | Steel City | SS Corporate |
---|---|---|
Equity Delivery | Upto 1x | Upto 2x | Equity Intraday | Upto 7x | Upto 10x | Equity Futures | Upto 1x | Upto 3x | Equity Options | Upto 5x | Upto 4x |
Steel City and SS Corporate Currency Leverage
The currency futures leverage provided by Steel City is up to Upto 2x, while for SS Corporate it is up to Upto 2x.
The currency options leverage provided by Steel City is up to Upto 2x, while for SS Corporate it is up to Upto 4x.
Currency Leverage | Steel City | SS Corporate |
---|---|---|
Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 2x | Upto 4x |
Steel City and SS Corporate Commodity Leverage
The commodity leverage provided by Steel City is up to Upto 1x, while for SS Corporate it is up to Upto 2x.
Commodity Leverage | Steel City | SS Corporate |
---|---|---|
Commodity | Upto 1x | Upto 2x |
Steel City and SS Corporate 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 | Steel City | SS Corporate |
---|---|---|
Free Stock Trading Account | Yes | No | Free Demat Account | Yes | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Steel City and SS Corporate Features
Equity Trading: Steel City and SS Corporate 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: Steel City and SS Corporate also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Steel City and SS Corporate broker is that you can also invest in IPOs. Steel City also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Steel City offers trading exposure of up to Upto 7x, while SS Corporate gives up to Upto 10x.
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 Steel City and SS Corporate, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Steel City and SS Corporate also allow you to trade in forex trading.
Features | Steel City | SS Corporate |
---|---|---|
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 | No | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
Trading Institution | No | No | Trading Exposure | Upto 7x | Upto 10x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Steel City and SS Corporate 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. Steel City and SS Corporate 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 | Steel City | SS Corporate |
---|---|---|
Fundamental Reports | No | No |
Research Reports | Yes | Yes |
Company Reports | No | No |
Annual Reports | No | No |
Company Stock Review | No | No |
Free Stock Tips | Yes | Yes |
IPO Reports | Yes | No |
Top Picks | No | Yes |
Daily Market Review | Yes | No |
Monthly Reports | Yes | No |
Weekly reports | Yes | No |
Offline Advisory | Yes | Yes |
Relationship Manager | Yes | Yes |
Steel City and SS Corporate 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. Steel City and SS Corporate 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 | Steel City | SS Corporate |
---|---|---|
Windows | Yes | Yes |
Mac | No | Yes |
Desktop Browser | Yes | Yes |
Steel City and SS Corporate Mobile Trading Platforms
Steel City and SS Corporate offer you mobile trading platforms which can be used in iOS and Android applications.
Mobile Trading Platforms | Steel City | SS Corporate |
---|---|---|
Mobile Browser | Yes | Yes |
Android App | No | Yes |
iOS App | No | Yes |
Windows App | No | No |
Other mobile os | No | No |
Steel City and SS Corporate 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. Steel City and SS Corporate 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 | Steel City | SS Corporate |
---|---|---|
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 | 10 | 284 |
Steel City and SS Corporate 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 Steel City and SS Corporate registered and resolved complaints.
For Steel City, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For SS Corporate, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Steel City is better than SS Corporate in case of resolving customer complaints.
BSE Complaints | Steel City | SS Corporate |
---|---|---|
BSE Complaints | 1 | 1 |
BSE Resolved Complaints | 1 | 1 |
Percentage of resolved BSE complaints | 100.00 % | 100.00 % |
NSE Complaints | 5 | 6 |
NSE Resolved Complaints | 5 | 6 |
Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 100.00 % |
Frequently Asked Questions
Is Steel City better than SS Corporate?
Steel City and SS Corporate 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 SS Corporate better than Steel City?
SS Corporate and Steel City 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 Steel City and SS Corporate?
Steel City 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, Steel City and SS Corporate?
To figure out which of the two stockbrokers, Steel City and SS Corporate, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Steel City with other stock brokers
Visit the following pages to see a detailed comparision report of Steel City with other brokerage firms.
Compare SS Corporate with other stock brokers
Visit the following pages to see a detailed comparision report of SS Corporate with other brokerage firms.