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Zerodha Vs SBI Securities (Compare Zerodha and SBI Securities)


Zerodha Logo

Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


SBICAP Securities Ltd Logo

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
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE
Year of Incorporation 2010 2001
Number of Branches 22 117
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Zerodha Vs SBI Securities Charges & AMC

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

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

Zerodha Vs SBI Securities Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 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 Rs 0 (Free) 0.50%
Equity Intraday Rs 20 per executed order or .03% whichever is lower 0.05%
Equity Futures Rs 20 per executed order or .03% whichever is lower 0.05%
Equity Options Rs 20 per executed order Rs 100 per lot
Currency Futures Rs 20 per executed order or .03% whichever is lower 0.03%
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 30 per lot
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order or .03% whichever is lower NA
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Zerodha Charges Vs SBI Securities

Minimum Brokerage 0.03% in Intraday and F&O Rs 0.05 for Cash, Rs 0.01 Future
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per executed order Rs 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 Rs 5300 per Cr (0.053%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).

  Zerodha SBI Securities
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE: 0.00386% | BSE: 0.00384%
Equity Futures NSE Rs 200 per Cr (0.002%) NSE: 0.002206% (Rs 221/Crore)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) 0.002206%
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Commodity Group A - Rs 260 per Cr (0.0026%)
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Zerodha Vs SBI Securities Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Zerodha SBI Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 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 Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 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 445 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 146 customer reviews.

  Zerodha SBI Securities
  445 Customer Reviews    Rate Zerodha 146 Customer Reviews    Rate SBI Securities
Fees 3.7 3.2
Brokerage 4.2 2.8
Trading Platform 3.6 2.6
Customer Service 3.4 2.8
Research Capabilities 2.8 2.7
Overall Ratings Rated 3.7 stars Rated 2.6 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 445 customer reviews SBI Securities is rated 2.6 of 5 based on 146 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire SBI Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Leave your contact information and we will get in touch with you....
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Zerodha Vs SBI Securities Investment Options

  Zerodha SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
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 No 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 Yes
Active Investor Yes
Trader Yes
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Zerodha Vs SBI Securities - Pros and Cons

  Zerodha SBI Securities
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • 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
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • 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 and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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