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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 Logo SBICAP Securities Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 ... Know more about SBICAP Securities Ltd
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 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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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 ₹350
Demat Account is Mandatory? No No
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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 0.05%
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 NA
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower NA

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)
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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.
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Transaction Charges

  Zerodha SBICAP Securities Ltd
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%) | BSE ₹300 per Cr (0.003%) (each side) NSE: 0.002206% (₹221/Crore)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (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 ₹4000 per Cr (0.04%) | 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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Exposure

  Zerodha SBICAP Securities Ltd
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 Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span NA
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Share Broker Features

  Zerodha SBICAP Securities Ltd
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)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile 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
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Broker Ratings (Average User Rating)

  Zerodha SBICAP Securities Ltd
  330 Customer Reviews    Rate Zerodha 126 Customer Reviews    Rate SBI Securities
Fees Ratings 3.8 3.2
Trading Brokerage Rating 4.4 2.8
Trading Platform Usability 3.6 2.7
Customer Service Ratings 3.5 2.8
Overall Ratings Rated 3.7 stars Rated 2.6 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews SBI Securities is Rated 2.6 / 5 based on 126 customer reviews
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Contact Broker / Request A Call Back

  Zerodha SBICAP Securities Ltd
Contact / Request Call Back
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Investment Options Available

  Zerodha SBICAP Securities Ltd
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Customer Service Offered

  Zerodha SBICAP Securities Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Zerodha SBICAP Securities Ltd
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Zerodha SBICAP Securities Ltd
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Zerodha SBICAP Securities Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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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:
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