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
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2001
Number of Branches	117
	Enquire SBI Securities	Enquire iTradeOnline

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

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.

	SBI Securities	iTradeOnline
Account Type	eZ-trade	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)

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 Securities	Enquire iTradeOnline

SBI Securities Vs iTradeOnline 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 iTradeOnline 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	iTradeOnline
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)
	Enquire SBI Securities	Enquire iTradeOnline

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
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
	Enquire SBI Securities	Enquire iTradeOnline

SBI Securities Vs iTradeOnline Review

SBI Securities is rated 2.6 of 5 based on 145 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	SBI Securities	iTradeOnline
	145 Customer Reviews	7 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	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
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)
	Enquire SBI Securities	Enquire iTradeOnline

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 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 Securities	Enquire iTradeOnline