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

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)

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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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	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

SBI Securities Vs Indira Securities Investment Options

	SBI Securities	Indira Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

SBI Securities Vs Indira Securities Order Type Offered

	SBI Securities	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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SBI Securities Vs Indira Securities Research Report

	SBI Securities	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

SBI Securities Vs Indira Securities Suitable For Investor Type

	SBI Securities	Indira Securities
Casual Investor
Active Investor
Trader

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.	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. 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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