SBI Securities Vs Fyers (Compare SBI Securities and Fyers)

The side-by-side comparison of SBI Securities and Fyers. Compare SBI Securities Vs Fyers brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SBI Securities vs Fyers?


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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SBI Securities Vs Fyers

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  SBI Securities Fyers
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE NSE, MCX
Account Type eZ-trade Flat Fee Brokerage Plan
Year of Incorporation 2001 2015
Number of Branches 117 0
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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SBI Securities Vs Fyers Charges & AMC

SBI Securities trading account opening charges is ₹850 while Fyers account opening changes is ₹400 (Free). SBI Securities Demat Account AMC Charges is ₹350 and Fyers Demat Account AMC Charges is ₹300.

  SBI Securities Fyers
Trading Account Opening Charges ₹850 ₹400 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹350 ₹300
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SBI Securities Vs Fyers Brokerage Charges & Plans

SBI Securities Vs Fyers Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

  SBI Securities Fyers
Account Type eZ-trade Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹100 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

SBI Securities Charges Vs Fyers

Minimum Brokerage Charges ₹0.05 for Cash, ₹0.01 Future Intra-day: ₹7 or 2.5% whichever is lower
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹10 per call (after 30 free calls a month) ₹20 per trade
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SBI Securities Vs Fyers Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (₹5515/Crore) while Fyers exchange transaction charges for options is ₹5900 per Cr (on premium) (0.059%).

  SBI Securities Fyers
Equity Delivery NSE: 0.00386% | BSE: 0.00384% ₹325 per Cr (0.00325%)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% ₹325 per Cr (0.00325%)
Equity Futures NSE: 0.002206% (₹221/Crore) ₹240 per Cr (0.0024%)
Equity Options NSE: 0.05515% (₹5515/Crore) ₹5900 per Cr (on premium) (0.059%)
Currency Futures 0.002206% ₹240 per Cr (0.0024%)
Currency Options NSE: 0.05515% (₹5515/Crore) ₹5900 per Cr (on premium) (0.059%)
Commodity NA
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SBI Securities Vs Fyers Leverage (Margin)

SBI Securities provides the margin of Upto 5x for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

  SBI Securities Fyers
Equity Delivery 2x with Intrest 1 times
Equity Intraday Upto 5x Up to 16x (based on the stock)
Equity Futures Nil Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Nil Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Nil Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures NA NA
Commodity Options
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Compare SBI Securities and Fyers Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Fyers offers Fyers One (In-house build) trading software.

  SBI Securities Fyers
3 in 1 Account Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile Fyers One (In-house build)
Intraday Square-off Time 2:45 PM 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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SBI Securities Vs Fyers Review

SBI Securities is rated 2.6 of 5 based on 133 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

  SBI Securities Fyers
  133 Customer Reviews    Rate SBI Securities 14 Customer Reviews    Rate Fyers
Fees 3.2 3.6
Trading Brokerage 2.8 4.0
Trading Platform Usability 2.6 3.6
Customer Service 2.8 4.3
Research Capabilities 1.3 2.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 133 customer reviews Fyers is rated 4.0 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Enquire Fyers Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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SBI Securities Vs Fyers Investment Options

  SBI Securities Fyers
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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SBI Securities Vs Fyers Order Type Offered

  SBI Securities Fyers
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
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SBI Securities Vs Fyers Research Report

  SBI Securities Fyers
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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SBI Securities Vs Fyers Suitable For Investor Type

  SBI Securities Fyers
Casual Investor Yes
Active Investor Yes
Trader Yes
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SBI Securities Vs Fyers - Pros and Cons

  SBI Securities Fyers
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

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