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SBI Securities Vs Upstox (Compare SBI Securities and Upstox)

SBICAP Securities Ltd Logo

About 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

Upstox Logo

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 trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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SBI Securities Vs Upstox

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  SBI Securities Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2001 2012
Number of Branches 117 4
Enquire SBI SecuritiesOpen Upstox Account

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SBI Securities Vs Upstox Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Upstox account opening changes is Rs 249. SBI Securities Demat Account AMC Charges is Rs 350 and Upstox Demat Account AMC Charges is Rs 0 (Free).

  SBI Securities Upstox
Trading Account Opening Charges Rs 850 Rs 249
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 350 Rs 0 (Free)

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SBI Securities Vs Upstox Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type SBI Securities eZ-trade Upstox Default
Fixed Charges NA
Equity Delivery 0.50% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 100 per lot Rs 20 per executed order
Currency Futures 0.03% Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures NA Rs 20 per executed order or 0.05% whichever is lower
Commodity Options NA Rs 20 per executed order
Special Offer
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

SBI Securities Charges Vs Upstox

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 20 per trade

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SBI Securities Vs Upstox Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  SBI Securities Upstox
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NSE Rs 200 per Cr (0.002%)
Equity Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures 0.002206% NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
Enquire SBI SecuritiesOpen Upstox Account

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SBI Securities Vs Upstox Leverage (Margin)

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 cash is also up to 20% of the trade value (5x 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)
Enquire SBI SecuritiesOpen Upstox Account

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Compare SBI Securities and Upstox Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  SBI Securities Upstox
3 in 1 Account Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) Yes
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 2:45 PM 3:00 PM
Other Features Option strategy builder
Referral Program Yes
Enquire SBI SecuritiesOpen Upstox Account

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SBI Securities Vs Upstox Review

SBI Securities is rated 2.5 of 5 based on 151 customer reviews whereas Upstox is rated 2.4 of 5 based on 126 customer reviews.

  SBI Securities Upstox
  151 Customer Reviews    Rate SBI Securities 126 Customer Reviews    Rate Upstox
Fees 3.1 3.4
Brokerage 2.7 3.5
Trading Platform 2.6 2.6
Customer Service 2.8 2.3
Research Capabilities 2.4 2.3
Overall Ratings Rated 2.5 stars Rated 2.4 stars
Broker Rating SBI Securities is rated 2.5 of 5 based on 151 customer reviews Upstox is rated 2.4 of 5 based on 126 customer reviews

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Contact Broker / Request A Call Back

  SBI Securities Enquire Upstox Enquire
Contact Broker Leave your contact information and we will get in touch with you....
FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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SBI Securities Vs Upstox Investment Options

  SBI Securities Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options

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SBI Securities Vs Upstox Order Type Offered

  SBI Securities Upstox
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
Enquire SBI SecuritiesOpen Upstox Account

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SBI Securities Vs Upstox Research Report

  SBI Securities Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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SBI Securities Vs Upstox Suitable For Investor Type

  SBI Securities Upstox
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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SBI Securities Vs Upstox - Pros and Cons

  SBI Securities Upstox
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.
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
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.
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
Reviews
Promo / Offers

Exclusive offer by Upstox

  • FREE Account Opening.
  • Get Rs 1000 brokerage credit.
  • Rs 0 Demat AMC.
  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Enquire SBI SecuritiesOpen Upstox Account

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