SBI Securities Vs iTradeOnline (Compare SBI Securities and iTradeOnline)

The side-by-side comparison of SBI Securities and iTradeOnline. Compare SBI Securities Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SBI Securities vs iTradeOnline?


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
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 ₹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 f... 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
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type eZ-trade Pay Per Trade
Year of Incorporation 2001
Number of Branches 117
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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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
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SBI Securities Vs iTradeOnline Brokerage Charges & Plans

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)
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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 Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available 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 134 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  SBI Securities iTradeOnline
  134 Customer Reviews    Rate SBI Securities 7 Customer Reviews    Rate iTradeOnline
Fees 3.2 3.9
Trading Brokerage 2.8 4.1
Trading Platform Usability 2.6 3.9
Customer Service 2.8 3.7
Research Capabilities 1.8 1.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
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
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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 (₹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
Initial Public Offers (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
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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 ₹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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