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About 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).
Zerodh...
About 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 and N...
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 | |
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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 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 | |
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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 |
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%.
Account Type | Zerodha Flat Brokerage Plan | SBI Securities eZ-trade |
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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 (Trade with the best stock broker) 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 and start trading today. |
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) |
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 | |
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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 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 | |
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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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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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 |
Trading In SME Shares Allowed? | ![]() |
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Referral Program | ![]() |
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Other Features | Direct Mutual Funds, APIs for Algo Trading | |
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Zerodha is rated 3.7 of 5 based on 468 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 155 customer reviews.
Zerodha Enquire | SBI Securities Enquire | |
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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. | 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 and start trading today. |
Zerodha | SBI Securities | |
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Stock / Equity | ![]() |
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Commodity | ![]() |
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IPO | ![]() |
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Bond / NCD | ![]() |
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Debt | ![]() |
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Other Investment Options |
Zerodha | SBI Securities | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Zerodha | SBI Securities | |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Zerodha | SBI Securities | |
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Casual Investor | ![]() |
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Active Investor | ![]() |
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Trader | ![]() |
Zerodha | SBI Securities | |
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Promo / Offers | Zerodha Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
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Free - Classroom Training
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