SBI Securities Vs Indira Securities (Compare SBI Securities and Indira Securities)


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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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SBI Securities Vs Indira Securities

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  SBI Securities Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX and NCDEX
Year of Incorporation 2001 1987
Number of Branches 117 335
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SBI Securities Vs Indira Securities Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Indira Securities account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 350 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  SBI Securities Indira Securities
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 450 (Free for 1st year)
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SBI Securities Vs Indira Securities Brokerage Charges & Plans

SBI Securities Vs Indira Securities Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  SBI Securities Indira Securities
Account Type eZ-trade Traditional Plan
Fixed Charges NA
Equity Delivery 0.50% 0.10%
Equity Intraday 0.05% 0.01%
Equity Futures 0.05% 0.01%
Equity Options Rs 100 per lot Rs 25 per lot (both side)
Currency Futures 0.03% 0.01%
Currency Options Rs 30 per lot Rs 25 per lot (both side)
Commodity Futures NA 0.01%
Commodity Options NA Rs 25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

SBI Securities Vs Indira Securities Brokerage Plan 2

  SBI Securities Indira Securities
Account Type eZ-trade Discount Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 20 per executed order
Equity Intraday 0.05% Rs 20 per executed order
Equity Futures 0.05% Rs 20 per executed order
Equity Options Rs 100 per lot Rs 20 per executed order
Currency Futures 0.03% Rs 20 per executed order
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures NA Rs 20 per executed order
Commodity Options NA Rs 20 per executed order
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SBI Securities Charges Vs Indira Securities

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 0 (Free)
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SBI Securities Vs Indira Securities Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  SBI Securities Indira Securities
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NSE Rs 190 per Cr (0.0019%)
Equity Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures 0.002206% NSE Rs 120 per Cr (0.0012%)
Currency Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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SBI Securities Vs Indira Securities Leverage (Margin)

SBI Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  SBI Securities Indira Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare SBI Securities and Indira Securities Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Indira Securities offers ODIN trading software.

  SBI Securities Indira Securities
3 in 1 Account Yes No
Charting No Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile ODIN
Intraday Square-off Time 2:45 PM 3:15 PM
Other Features
Referral Program Yes
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SBI Securities Vs Indira Securities Review

SBI Securities is rated 2.6 of 5 based on 145 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  SBI Securities Indira Securities
  145 Customer Reviews    Rate SBI Securities 3 Customer Reviews    Rate Indira Securities
Fees 3.2 2.3
Brokerage 2.8 4.3
Trading Platform 2.6 4.0
Customer Service 2.8 4.0
Research Capabilities 2.6 4.3
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 145 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Enquire Indira Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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SBI Securities Vs Indira Securities Investment Options

  SBI Securities Indira Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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SBI Securities Vs Indira Securities Order Type Offered

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

  SBI Securities Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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SBI Securities Vs Indira Securities Suitable For Investor Type

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

  SBI Securities Indira Securities
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.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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