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 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...
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
₹350
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
0.05%
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)
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 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%)
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
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, 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
Broker Ratings (Average User Rating)
Zerodha
SBICAP Securities Ltd
330 Customer Reviews
126 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
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
Contact Broker / Request A Call Back
Zerodha
SBICAP Securities Ltd
Contact / Request 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.
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.
Zerodha
Zero Account Opening Fee