Compare stock brokers
Stewart Mackertich Wms vs. Sykes Ray
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 Stewart Mackertich Wms and Sykes Ray. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Stewart Mackertich Wms and Sykes Ray.
Overview
Stewart Mackertich Wms and Sykes Ray are both public companies and both are full service broker as well. Rahul Kayan, Ashiwini Kumar Tripathi co-founded Stewart Mackertich Wms in 1993. And Sykes Ray was founded in the year 1990 by Yogesh gupta. Stewart Mackertich Wms's headquarters are in Kolkata, WB and Sykes Ray's headquarters are in Mumbai, Maharashtra.
Stewart Mackertich Wms and Sykes Ray both are full service broker as well. Stewart Mackertich Wms is registered in NA, while Sykes Ray is registered in NA. The total branches of Stewart Mackertich Wms are Nil and the Sykes Ray branches are Nil.
| Overview | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | Kolkata, WB | Mumbai, Maharashtra |
| Founders | Rahul Kayan, Ashiwini Kumar Tripathi | Yogesh gupta |
| Foundation Year | 1993 | 1990 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms charging Rs.250 and Sykes Ray charging Zero.
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 Stewart Mackertich Wms Demat account is Rs.250 per Annum and for the Sykes Ray Demat account is Rs.300 per Annum. The Trading AMC for Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms and Sykes Ray is CDSL.
| Account Opening and Demat Charges | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Zero |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.300 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,100 | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms is 0.36%, while Sykes Ray charges you 0.10%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Stewart Mackertich Wms is 0.04% and for Sykes Ray also, it is 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Stewart Mackertich Wms charge 0.04% and Sykes Ray charge 0.01% 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, Stewart Mackertich Wms charges Rs.36 per Lot, and Sykes Ray charges Rs.10 per Lot.
| Equity Brokerage Charges | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Equity Delivery Brokerage | 0.36% | 0.10% |
| Equity Intraday Brokerage | 0.04% | 0.01% |
| Equity Futures Brokerage | 0.04% | 0.01% |
| Equity Options Brokerage | Rs.36 per Lot | Rs.10 per Lot |
Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms is 0.04% and for Sykes Ray is 0.01%.
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. Stewart Mackertich Wms charges Rs.36 per Lot for currency options, whereas Stewart Mackertich Wms charges Rs.10 per Lot.
| Currency Brokerage Charges | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.01% |
| Currency Options Brokerage | Rs.36 per Lot | Rs.10 per Lot |
Stewart Mackertich Wms and Sykes Ray 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. Stewart Mackertich Wms charges 0.04% for commodity trading, while Sykes Ray charges NA.
| Commodity Brokerage Charges | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Commodity Options Brokerage | 0.04% | NA |
Stewart Mackertich Wms and Sykes Ray Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Stewart Mackertich Wms levies a minimum brokerage fee of Percentage of Transaction, while Sykes Ray charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Stewart Mackertich Wms levies a transaction brokerage charge of 0.00299% of Total Turnover, while Sykes Ray charges 0.00285%.
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 Stewart Mackertich Wms is 0.0002% of Total Turnover and for Stewart Mackertich Wms 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 Stewart Mackertich Wms are 0.0112% of Total Turnover, while for Sykes Ray, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Stewart Mackertich Wms charges NA and Sykes Ray charges NA.
| Other Brokerage Charges | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00299% of Total Turnover | 0.00285% | 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 | 0.0112% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms is up to Upto 2x and by Sykes Ray it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Stewart Mackertich Wms is up to Upto 5x and by Sykes Ray it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Stewart Mackertich Wms is up to Upto 3x and by Sykes Ray it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Stewart Mackertich Wms is up to Upto 6x and by Sykes Ray also, it is up to Upto 6x.
| Equity Leverage | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 3x | Equity Intraday | Upto 5x | Upto 5x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 6x | Upto 6x |
Stewart Mackertich Wms and Sykes Ray Currency Leverage
The currency futures leverage provided by Stewart Mackertich Wms is up to Upto 1x, while for Sykes Ray it is up to Upto 2x.
The currency options leverage provided by Stewart Mackertich Wms is up to Upto 3x, while for Sykes Ray it is up to Upto 2x.
| Currency Leverage | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Currency Futures | Upto 1x | Upto 2x | Currency Options | Upto 3x | Upto 2x |
Stewart Mackertich Wms and Sykes Ray Commodity Leverage
The commodity leverage provided by Stewart Mackertich Wms is up to Upto 2x, while for Sykes Ray it is up to Upto 3x.
| Commodity Leverage | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Stewart Mackertich Wms and Sykes Ray 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 | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Stewart Mackertich Wms and Sykes Ray Features
Equity Trading: Stewart Mackertich Wms and Sykes Ray 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: Stewart Mackertich Wms and Sykes Ray also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Stewart Mackertich Wms and Sykes Ray broker is that you can also invest in IPOs. Stewart Mackertich Wms also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Stewart Mackertich Wms offers trading exposure of up to Upto 5x, while Sykes Ray gives up to Upto 5x.
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 Stewart Mackertich Wms and Sykes Ray, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Stewart Mackertich Wms and Sykes Ray also allow you to trade in forex trading.
| Features | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| 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 | No | 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 5x | Upto 5x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Stewart Mackertich Wms and Sykes Ray 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. Stewart Mackertich Wms and Sykes Ray 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 | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | No | No |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Stewart Mackertich Wms and Sykes Ray 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. Stewart Mackertich Wms and Sykes Ray 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 | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Stewart Mackertich Wms and Sykes Ray Mobile Trading Platforms
Stewart Mackertich Wms and Sykes Ray offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Stewart Mackertich Wms and Sykes Ray 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. Stewart Mackertich Wms and Sykes Ray 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 | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| 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 | 380 | 380 |
Stewart Mackertich Wms and Sykes Ray 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 Stewart Mackertich Wms and Sykes Ray registered and resolved complaints.
For Stewart Mackertich Wms, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Sykes Ray, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Stewart Mackertich Wms is better than Sykes Ray in case of resolving customer complaints.
| BSE Complaints | Stewart Mackertich Wms | Sykes Ray |
|---|---|---|
| BSE Complaints | 0 | 0 |
| BSE Resolved Complaints | 0 | 0 |
| Percentage of resolved BSE complaints | NaN % | NaN % |
| NSE Complaints | 1 | 1 |
| NSE Resolved Complaints | 1 | 1 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | NaN % |
Frequently Asked Questions
Is Stewart Mackertich Wms better than Sykes Ray?
Stewart Mackertich Wms and Sykes Ray 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 Sykes Ray better than Stewart Mackertich Wms?
Sykes Ray and Stewart Mackertich Wms 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 Stewart Mackertich Wms and Sykes Ray?
Stewart Mackertich Wms 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, Stewart Mackertich Wms and Sykes Ray?
To figure out which of the two stockbrokers, Stewart Mackertich Wms and Sykes Ray, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
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.
Compare Sykes Ray with other stock brokers
Visit the following pages to see a detailed comparision report of Sykes Ray with other brokerage firms.