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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... 
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...
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 |
| Open Fyers Account |
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 350 and Fyers Demat Account AMC Charges is Rs 300.
| SBI Securities | Fyers | |
|---|---|---|
| Trading Account Opening Charges | Rs 850 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 350 | Rs 300 |
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 eZ-trade | 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 | 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 | NA | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | NA | Rs 20 per executed order |
| Special Offer | Zerodha (Trade with the best stock broker) 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. |
| 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 |
SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).
| SBI Securities | Fyers | |
|---|---|---|
| Equity Delivery | NSE: 0.00386% | BSE: 0.00384% | Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE: 0.00386% | BSE: 0.00384% | Rs 325 per Cr (0.00325%) |
| Equity Futures | NSE: 0.002206% (Rs 221/Crore) | Rs 240 per Cr (0.0024%) |
| Equity Options | NSE: 0.05515% (Rs 5515/Crore) | Rs 5900 per Cr (on premium) (0.059%) |
| Currency Futures | 0.002206% | Rs 240 per Cr (0.0024%) |
| Currency Options | NSE: 0.05515% (Rs 5515/Crore) | Rs 5900 per Cr (on premium) (0.059%) |
| Commodity | NA | |
| Open Fyers Account |
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) |
| Open Fyers Account |
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 |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| 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 | |
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| Other Features | Brokerage free thematic investing is available | |
| Open Fyers Account |
SBI Securities is rated 2.5 of 5 based on 155 customer reviews whereas Fyers is rated 3.1 of 5 based on 30 customer reviews.
| SBI Securities | Fyers | |
|---|---|---|
155 Customer Reviews  |
30 Customer Reviews |
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| Broker Rating | SBI Securities is rated 2.5 of 5 based on 155 customer reviews | Fyers is rated 3.1 of 5 based on 30 customer reviews |
| 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. |
| SBI Securities | Fyers | |
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| IPO | |
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| SBI Securities | Fyers | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open Fyers Account |
| SBI Securities | Fyers | |
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| Daily Market Report | |
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| Free Tips | |
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| News Alerts | |
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| SBI Securities | Fyers | |
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| Casual Investor | |
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| SBI Securities | Fyers | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. |
| Open Fyers Account |
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