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SBI Securities Vs iTradeOnline (Compare SBI Securities and iTradeOnline)

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 a... Know more about SBICAP Securities Ltd

iTradeOnline by Trustline Logo

About iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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SBI Securities Vs iTradeOnline

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

  SBI Securities iTradeOnline
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2001
Number of Branches 117
Enquire SBI SecuritiesEnquire iTradeOnline

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SBI Securities Vs iTradeOnline Charges & AMC

SBI Securities trading account opening charges is Rs 850 while iTradeOnline account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 350 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  SBI Securities iTradeOnline
Trading Account Opening Charges Rs 850 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 350 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

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SBI Securities Vs iTradeOnline Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

Account Type SBI Securities eZ-trade iTradeOnline Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.50% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 100 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.03% Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order or .01% whichever is lower
Commodity Futures NA Rs 20 per executed order or .01% whichever is lower
Commodity Options NA
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

SBI Securities Charges Vs iTradeOnline

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 0 (Free)

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SBI Securities Vs iTradeOnline Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  SBI Securities iTradeOnline
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NSE Rs 190 per crore (0.0019%)
Equity Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.002206% NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
Enquire SBI SecuritiesEnquire iTradeOnline

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SBI Securities Vs iTradeOnline Leverage (Margin)

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

  SBI Securities iTradeOnline
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)
Enquire SBI SecuritiesEnquire iTradeOnline

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Compare SBI Securities and iTradeOnline Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  SBI Securities iTradeOnline
3 in 1 Account Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 2:45 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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SBI Securities Vs iTradeOnline Review

SBI Securities is rated 2.6 of 5 based on 147 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  SBI Securities iTradeOnline
  147 Customer Reviews    Rate SBI Securities 7 Customer Reviews    Rate iTradeOnline
Fees 3.2 3.9
Brokerage 2.7 4.1
Trading Platform 2.6 3.9
Customer Service 2.8 3.7
Research Capabilities 2.6 1.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 147 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

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Contact Broker / Request A Call Back

  SBI Securities Enquire iTradeOnline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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SBI Securities Vs iTradeOnline Investment Options

  SBI Securities iTradeOnline
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management

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SBI Securities Vs iTradeOnline Order Type Offered

  SBI Securities iTradeOnline
Bracket Order No
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) No
Enquire SBI SecuritiesEnquire iTradeOnline

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SBI Securities Vs iTradeOnline Research Report

  SBI Securities iTradeOnline
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 iTradeOnline Suitable For Investor Type

  SBI Securities iTradeOnline
Casual Investor Yes
Active Investor Yes
Trader Yes

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SBI Securities Vs iTradeOnline - Pros and Cons

  SBI Securities iTradeOnline
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.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire SBI SecuritiesEnquire iTradeOnline

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