Zerodha Vs SBI Securities (Compare Zerodha and SBI Securities)

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
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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

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)

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
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 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
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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	134 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Zerodha Vs SBI Securities Investment Options

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

Zerodha Vs SBI Securities Order Type Offered

	Zerodha	SBI Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs SBI Securities Research Report

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

Zerodha Vs SBI Securities Suitable For Investor Type

	Zerodha	SBI Securities
Casual Investor
Active Investor
Trader

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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