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 |
| |
|
|
|
 |
 |
| 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
|
|
|
| Margin Against Shares (Equity Cash)
|
|
|
| Margin Against Shares (Equity F&O)
|
|
|
| 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 |
| |
327 Customer Reviews  |
126 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 327 customer reviews |
SBI Securities is Rated 2.6 / 5 based on 126 customer reviews |
Contact Broker / Request A Call Back
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... |
- 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.
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... |
- 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.
More Disadvantages... |
| Reviews
|
Useful Articles about Zerodha:
|
|
| 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
|
Enquire about SBI Securities
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee