Zerodha Vs SBI Securities (Compare Zerodha and SBI Securities)

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


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size and in any segment). Zerodha also offers brokerage free D... Know more about Zerodha


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

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Zerodha Vs SBI Securities

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  Zerodha SBI Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE
Account Type Flat Brokerage Plan eZ-trade
Year of Incorporation 2010 2001
Number of Branches 22 117
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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Zerodha Vs SBI Securities Charges & AMC

Zerodha trading account opening charges is ₹200 while SBI Securities account opening changes is ₹850. Zerodha Demat Account AMC Charges is ₹300 and SBI Securities Demat Account AMC Charges is ₹350.

  Zerodha SBI Securities
Trading Account Opening Charges ₹200 ₹850
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹300 ₹350
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Zerodha Vs SBI Securities Brokerage Charges & Plans

Zerodha Vs SBI Securities Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Zerodha SBI Securities
Account Type Flat Brokerage Plan eZ-trade
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.50%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.05%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.05%
Equity Options Brokerage ₹20 per executed order ₹100 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower NA
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower NA
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs SBI Securities

Minimum Brokerage Charges 0.03% in Intraday and F&O ₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order ₹10 per call (after 30 free calls a month)
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Zerodha Vs SBI Securities Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (₹5515/Crore).

  Zerodha SBI Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Futures NSE ₹190 per Cr (0.0019%) NSE: 0.002206% (₹221/Crore)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE: 0.05515% (₹5515/Crore)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) 0.002206%
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE: 0.05515% (₹5515/Crore)
Commodity Group A - ₹260 per Cr (0.0026%)
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Zerodha Vs SBI Securities Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the SBI Securities margin for intraday cash is Upto 5x.

  Zerodha SBI Securities
Equity Delivery 1x (no margin) 2x with Intrest
Equity Intraday Up to 20x (based on the stock) Upto 5x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span NA
Commodity Options
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Compare Zerodha and SBI Securities Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

  Zerodha SBI Securities
3 in 1 Account No Yes
Charting Yes No
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 3:10 PM 2:45 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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Zerodha Vs SBI Securities Review

Zerodha is rated 3.7 of 5 based on 386 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 134 customer reviews.

  Zerodha SBI Securities
  386 Customer Reviews    Rate Zerodha 134 Customer Reviews    Rate SBI Securities
Fees 3.7 3.2
Trading Brokerage 4.3 2.8
Trading Platform Usability 3.6 2.6
Customer Service 3.4 2.8
Research Capabilities 2.6 1.8
Overall Ratings Rated 3.7 stars Rated 2.6 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 386 customer reviews SBI Securities is rated 2.6 of 5 based on 134 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire SBI Securities Enquire
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Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Zerodha Vs SBI Securities Investment Options

  Zerodha SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Zerodha Vs SBI Securities Order Type Offered

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

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

  Zerodha SBI Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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Zerodha Vs SBI Securities - Pros and Cons

  Zerodha SBI Securities
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  • 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.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • 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.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

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