About SBI Securities
SBI Securities Ltd is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SBI Securities 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.
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About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.
Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.
Upstox tra...
Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX ,NCDEX, MSEI. It has 160 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.
| SBI Securities | Upstox | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX ,NCDEX, MSEI | BSE, NSE, MCX |
| Year of Incorporation | 2001 | 2012 |
| Number of Branches | 160 | |
| Open Upstox Account |
SBI Securities trading account opening charges is Rs 0 while Upstox account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 500 and Upstox Demat Account AMC Charges is Rs 300 (Free for 1st Year).
| SBI Securities | Upstox | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 500 | Rs 300 (Free for 1st Year) |
SBI Securities Brokerage Charges for equity is 0.35% and intraday is Rs 20 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order and Intraday is Rs 20 per executed order or 0.1% whichever islower.
| Account Type | SBI Securities PLAN 499 | Upstox Default |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.35% | Rs 20 per executed order |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 50 per lot (sell and buy side) | Rs 20 per executed order |
| Currency Futures | Rs 20 per lot | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per lot | Rs 20 per executed order |
| Commodity Futures | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 50 (sell and buy side) | Rs 20 per executed order |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds |
| SBI Securities | Upstox | |
|---|---|---|
| Account Type | OIOP - 3K | Default |
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | Rs 20 per executed order |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 50 (sell and buy side) | Rs 20 per executed order |
| Open Upstox Account |
| SBI Securities | Upstox | |
|---|---|---|
| Account Type | OIOP - 5K | Default |
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | Rs 20 per executed order |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 50 (sell and buy side) | Rs 20 per executed order |
| Open Upstox Account |
| Minimum Brokerage | Rs 0.01 per executed order | 0.05% |
| Other Charges | Auto Square-off Charges: Rs 75 | |
| Call & Trade Charges | Rs 10 per call for Call & Trade services | Rs 75 per trade |
| Open Upstox Account |
SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| SBI Securities | Upstox | |
|---|---|---|
| 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) |
| Open Upstox Account |
The trading platforms offered SBI Securities include SBI Securities: Stocks & SIP. Upstox offers Upstox Pro Mobile App, Upstox Pro Web trading software.
| SBI Securities | Upstox | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | SBI Securities: Stocks & SIP | Upstox Pro Mobile App, Upstox Pro Web |
| Intraday Square-off Time | 2:45 PM | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Option strategy builder, Chart360 | |
| Open Upstox Account |
SBI Securities is rated of 5 based on 165 customer reviews whereas Upstox is rated of 5 based on 150 customer reviews.
| SBI Securities | Upstox | |
|---|---|---|
165 Customer Reviews  | 150 Customer Reviews | |
| Fees |  |  |
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| Research Capabilities |  |  |
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| Broker Rating | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews | Upstox is Rated 2.4 / 5 based on 150 customer reviews |
| SBI Securities | Upstox | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds |
| SBI Securities | Upstox | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| SBI Securities | Upstox | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| SBI Securities | Upstox | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Upstox Special OfferTrade Smarter With Upstox
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| Open Upstox Account |
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