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SBI Securities Vs RMoney (Compare SBI Securities and RMoney)

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


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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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SBI Securities Vs RMoney

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

  SBI Securities RMoney
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX, NCDEX
Account Type eZ-trade Zero Brokerage Plans
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 RMoney. Leave your contact info and we will get in touch with you.
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SBI Securities Vs RMoney Charges & AMC

SBI Securities trading account opening charges is ₹850 while RMoney account opening changes is ₹199. SBI Securities Demat Account AMC Charges is ₹350 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  SBI Securities RMoney
Trading Account Opening Charges ₹850 ₹199
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹350 ₹0 for lifetime (Free)
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SBI Securities Vs RMoney Brokerage Charges & Plans

SBI Securities Vs RMoney Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  SBI Securities RMoney
Account Type eZ-trade Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹100 per lot ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.03% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

SBI Securities Vs RMoney Brokerage Plan 2

  SBI Securities RMoney
Account Type eZ-trade Happy Service Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.10% to 0.40%
Equity Intraday Brokerage 0.05% 0.01% to 0.04%
Equity Futures Brokerage 0.05% 0.005% to 0.02%
Equity Options Brokerage ₹100 per lot ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.03% 0.005% to 0.02%
Currency Options Trading Brokerage ₹30 per lot 0.005% to 0.02%
Commodity Futures Trading Brokerage NA 0.005% to 0.02%
Commodity Options Trading Brokerage NA
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SBI Securities Charges Vs RMoney

Minimum Brokerage Charges ₹0.05 for Cash, ₹0.01 Future ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹10 per call (after 30 free calls a month) ₹0 (Unlimited Calls)
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SBI Securities Vs RMoney Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (₹5515/Crore) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  SBI Securities RMoney
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE: 0.002206% (₹221/Crore) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE: 0.05515% (₹5515/Crore) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures 0.002206% NSE, BSE - ₹150 per crore (0.0015%)
Currency Options NSE: 0.05515% (₹5515/Crore) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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SBI Securities Vs RMoney Leverage (Margin)

SBI Securities provides the margin of Upto 5x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  SBI Securities RMoney
Equity Delivery 2x with Intrest Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 5x 20x (5%) (Intraday Only)
Equity Futures Nil Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Nil Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Nil Intraday - 100X (1%)
Currency Options Nil Intraday - 100X (1%)
Commodity Futures NA Intraday - 77X (1.3%)
Commodity Options
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Compare SBI Securities and RMoney Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  SBI Securities RMoney
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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 2:45 PM Equity 3:15 PM
Other Features
Referral Program
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SBI Securities Vs RMoney Review

SBI Securities is rated 2.6 of 5 based on 133 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

  SBI Securities RMoney
  133 Customer Reviews    Rate SBI Securities 3 Customer Reviews    Rate RMoney
Fees 3.2 4.7
Trading Brokerage 2.8 4.7
Trading Platform Usability 2.6 4.3
Customer Service 2.8 4.0
Research Capabilities 1.3
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 133 customer reviews RMoney is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Enquire RMoney Enquire
Contact Broker

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RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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SBI Securities Vs RMoney Investment Options

  SBI Securities RMoney
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Corporate FD, Life Instance, General Insurance
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SBI Securities Vs RMoney Order Type Offered

  SBI Securities RMoney
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No Yes
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SBI Securities Vs RMoney Research Report

  SBI Securities RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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SBI Securities Vs RMoney Suitable For Investor Type

  SBI Securities RMoney
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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SBI Securities Vs RMoney - Advantages and Disadvantages

  SBI Securities RMoney
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.

More Advantages...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

More Advantages...

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.

More Disadvantages...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful Articles:
Promo / Offers

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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