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Zerodha Vs SBI Securities Share Broker Comparison

The side-by-side comparison of Zerodha and SBICAP Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and SBI Securities's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and SBI Securities.

	Zerodha	SBICAP Securities Ltd
	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	SBI Securities Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

About the Broker	Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...	SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd. Services offered by SBICAP includes Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services and E-Broking. They also provide online trading ...
Type of Broker	Discount Broker	Full Service Broker
Supported Exchnage	NSE, BSE, MCX and NCDEX	BSE, NSE
Account Type	Standard Plan	eZ-trade
Broker Enquiry

Stock Broker Fees / Charges

	Zerodha	SBICAP Securities Ltd
Trading Account Opening Fees	₹300	₹850
Trading Account AMC	₹0 (Free)	₹0
Demat Account Opening Fees	₹100	₹0
Demat Account AMC	₹300	₹500
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	Zerodha	SBICAP Securities Ltd
Account Type	Standard Plan	eZ-trade
Fixed Charges
Equity Delivery Brokerage	₹0 (Free)	0.50%
Equity Intraday Brokerage	₹20 per executed order or .01% whichever is lower	0.05%
Equity Futures Brokerage	₹20 per executed order or .01% whichever is lower	0.06%
Equity Options Brokerage	₹20 per executed order or .01% whichever is lower	₹100 per lot
Currency Futures Trading Brokerage	₹20 per executed order or .01% whichever is lower	0.03%
Currency Options Trading Brokerage	₹20 per executed order or .01% whichever is lower	Rs 30 per lot
Commodity Futures Trading Brokerage	₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges	₹0	₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges	Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges	₹20 per executed order	₹10 per call (after 30 free calls a month)

Taxes

	Zerodha	SBICAP Securities Ltd
Securities Transaction Tax (STT)	Equity Intraday: 0.025% (on Sell trade) Equity Delivery: 0.1% (on Buy and Sell) Equity Futures: 0.01% (on Sell trade) Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures: Nil Currency Options: Nil Commodities: 0.01% on sell side (Non-Agri)	Equity Intraday: 0.025% (on Sell trade) Equity Delivery: 0.1% (on Buy and Sell) Equity Futures: 0.01% (on Sell trade) Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures: Nil Currency Options: Nil Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges	Check table below	Check table below
SEBI Charges	Rs 15 per Crore	Rs 15 per Crore
Goods and Services Tax (GST)	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
Stamp Duty	Charged as per the state of the client's correspondence address.	Charged as per the state of the client's correspondence address.

Transaction Charges

	Zerodha	SBICAP Securities Ltd
Equity Delivery	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	NSE: 0.00386% \| BSE: 0.00384%
Equity Intraday	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	NSE: 0.00386% \| BSE: 0.00384%
Equity Futures	NSE ₹210 per crore \| BSE ₹1 per trade (each side)	NSE: 0.002206% (₹221/Crore)
Equity Options	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)	NSE: 0.05515% (₹5515/Crore)
Currency Futures	NSE ₹135 per crore (0.00135%)	0.002206%
Currency Options	NSE ₹4400 (on premium) per crore (0.044%)	NSE: 0.05515% (₹5515/Crore)
Commodity	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore

Exposure

	Zerodha	SBICAP Securities Ltd
Equity Delivery	1x (no margin)
Equity Intraday	Up to 20x (based on the stock)
Equity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span

Share Broker Features

	Zerodha	SBICAP Securities Ltd
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Trading Platform	Kite Web, Kite Android/iOS, Pi, Coin	ODIN Diet
Intraday Square-off Time	3:10 PM	2:45 PM
Other Features	Direct Mutual Funds

Broker Ratings (Average User Rating)

	Zerodha	SBICAP Securities Ltd
	321 Customer Reviews	124 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.8 / 5 based on 321 customer reviews	SBI Securities is Rated 2.6 / 5 based on 124 customer reviews

Contact Broker / Request A Call Back

	Zerodha	SBICAP Securities Ltd
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?

Investment Options Available

	Zerodha	SBICAP Securities Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Customer Service Offered

	Zerodha	SBICAP Securities Ltd
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Zerodha	SBICAP Securities Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Research / Tips / Reports Published

	Zerodha	SBICAP Securities Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Zerodha	SBICAP Securities Ltd
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Zerodha	SBICAP Securities Ltd
Pros	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms made available for free to all its customers. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. 10% referral credit for reffering new customers. Direct Mutual Fund Investment is available. Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX. More Advantages...	More Advantages...
Cons	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra Rs 20 order. Doesn't provide options to invest in IPO, Bond and NCD's public offers. Margin funding is not available. GTC/GTD not available in Equity. More Disadvantages...	Only online website based trading is available. Installable trading Terminal is not available. Good Till Cancelled (GTC) orders are not available. More Disadvantages...
Reviews	Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
Promo / Offers	Truly free equity delivery trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
	Enquire about Zerodha
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