SBI Securities Vs iTradeOnline (Compare SBI Securities and iTradeOnline)

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
Supported Exchnages	BSE, NSE	BSE, NSE, MCX
Account Type	eZ-trade	Pay Per Trade
Year of Incorporation	2001
Number of Branches	117
Broker Enquiry
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SBI Securities Vs iTradeOnline Charges & AMC

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

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

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 ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

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

SBI Securities Charges Vs iTradeOnline

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

SBI Securities Vs iTradeOnline Transaction Charges

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

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

SBI Securities provides the margin of Upto 5x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

	SBI Securities	iTradeOnline
Equity Delivery	2x with Intrest	Upto 5x (based on the stock)
Equity Intraday	Upto 5x	Upto 20x (based on the stock)
Equity Futures	Nil	Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Nil	Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Nil	Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Nil	Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures	NA	Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options		Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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 134 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	SBI Securities	iTradeOnline
	134 Customer Reviews	7 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SBI Securities is rated 2.6 of 5 based on 134 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

SBI Securities Vs iTradeOnline Investment Options

	SBI Securities	iTradeOnline
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

SBI Securities Vs iTradeOnline Order Type Offered

	SBI Securities	iTradeOnline
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 iTradeOnline Research Report

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

SBI Securities Vs iTradeOnline Suitable For Investor Type

	SBI Securities	iTradeOnline
Casual Investor
Active Investor
Trader

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 ₹500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
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