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SBI Securities Vs Fyers (Compare SBI Securities and Fyers)

SBICAP Securities Ltd Logo

About 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 and N... Know more about SBICAP Securities Ltd

Fyers Securities Ltd Logo

About 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
Exchnage Membership BSE, NSE NSE, MCX
Year of Incorporation 2001 2015
Number of Branches 117 0
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SBI Securities Vs Fyers Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Fyers account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 750 (Free for 1st Year) and Fyers Demat Account AMC Charges is Rs 0 (Free).

  SBI Securities Fyers
Trading Account Opening Charges Rs 850 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free)
Demat Account AMC Charges Rs 750 (Free for 1st Year) Rs 0 (Free)

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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 Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type SBI Securities Fyers Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 100 per lot (sell and buy side) Rs 20 per executed order
Currency Futures 0.03% Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 100 (sell and buy side) Rs 20 per executed order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

SBI Securities Charges Vs Fyers

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

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SBI Securities Vs Fyers Transaction Charges

SBI Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  SBI Securities Fyers
Equity Delivery NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) (on premium)
Commodity NA
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SBI Securities Vs Fyers Leverage (Margin)

SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  SBI Securities Fyers
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 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
Trading In SME Shares Allowed?
Referral Program Yes
Other Features Brokerage free thematic investing is available
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SBI Securities Vs Fyers Review

SBI Securities is rated 2.5 of 5 based on 161 customer reviews whereas Fyers is rated 2.9 of 5 based on 35 customer reviews.

  SBI Securities Fyers
  161 Customer Reviews    Rate SBI Securities 35 Customer Reviews    Rate Fyers
Fees 3.1 3.3
Brokerage 2.7 3.5
Trading Platform 2.6 3.2
Customer Service 2.8 3.0
Research Capabilities 2.5 2.3
Overall Ratings Rated 2.5 stars Rated 2.9 stars
Broker Rating SBI Securities is rated 2.5 of 5 based on 161 customer reviews Fyers is rated 2.9 of 5 based on 35 customer reviews

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Contact Broker / Request A Call Back

  SBI Securities Enquire Fyers Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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SBI Securities Vs Fyers Investment Options

  SBI Securities Fyers
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
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 Rs 20 per trade.
  • Free account opening.
  • 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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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