SBI Securities Vs Upstox (Compare SBI Securities and Upstox)

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


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
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
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type eZ-trade Upstox Basic
Year of Incorporation 2001 2012
Number of Branches 117 4
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 Upstox. Leave your contact info and we will get in touch with you.
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SBI Securities Vs Upstox Charges & AMC

SBI Securities trading account opening charges is ₹850 while Upstox account opening changes is ₹249. SBI Securities Demat Account AMC Charges is ₹350 and Upstox Demat Account AMC Charges is ₹300.

  SBI Securities Upstox
Trading Account Opening Charges ₹850 ₹249
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹350 ₹300
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SBI Securities Vs Upstox Brokerage Charges & Plans

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 ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  SBI Securities Upstox
Account Type eZ-trade Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹100 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

SBI Securities Vs Upstox Brokerage Plan 2

  SBI Securities Upstox
Account Type eZ-trade Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage 0.05% ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹100 per lot ₹30 per executed order
Currency Futures Trading Brokerage 0.03% ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹30 per executed order
Commodity Futures Trading Brokerage NA ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage NA ₹30 per executed order
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SBI Securities Charges Vs Upstox

Minimum Brokerage Charges ₹0.05 for Cash, ₹0.01 Future 0.05%
Other Brokerage Charges
Call & Trade Charges ₹10 per call (after 30 free calls a month) ₹20 per trade
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SBI Securities Vs Upstox Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (₹5515/Crore) while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  SBI Securities Upstox
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures NSE: 0.002206% (₹221/Crore) NSE ₹210 per Cr (0.0021%)
Equity Options NSE: 0.05515% (₹5515/Crore) NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures 0.002206% NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options NSE: 0.05515% (₹5515/Crore) NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A - ₹290 per Cr (0.0029%)
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SBI Securities Vs Upstox Leverage (Margin)

SBI Securities provides the margin of Upto 5x for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  SBI Securities Upstox
Equity Delivery 2x with Intrest 1x (no margin)
Equity Intraday Upto 5x Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Nil Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Nil Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Nil Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Nil Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures NA Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options
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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 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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 2:45 PM 3:15 PM
Other Features Option strategy builder
Referral Program Yes
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SBI Securities Vs Upstox Review

SBI Securities is rated 2.6 of 5 based on 140 customer reviews whereas Upstox is rated 2.5 of 5 based on 96 customer reviews.

  SBI Securities Upstox
  140 Customer Reviews    Rate SBI Securities 96 Customer Reviews    Rate Upstox
Fees 3.2 3.5
Trading Brokerage 2.8 3.5
Trading Platform Usability 2.6 2.7
Customer Service 2.8 2.3
Research Capabilities 2.3 2.3
Overall Ratings Rated 2.6 stars Rated 2.5 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 140 customer reviews Upstox is rated 2.5 of 5 based on 96 customer reviews
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FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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SBI Securities Vs Upstox Investment Options

  SBI Securities Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (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 Yes
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
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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
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.
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. 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.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
Reviews
Promo / Offers

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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