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Is SBI Securities good for intraday trading?

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SBI is no more a preferred choice for intraday trading due to high brokerage charges, old trading platform and poor customer service.

SBI Securities brokerage charges are very high in comparison to an online flat-rate discount broker. The new generation online discount brokers like Zerodha and Upstox also offer superior trading platform and tools, brokerage-free direct mutual funds and online IPO.

Brokers like ProStocks offer unlimited trading @ Rs 899 per month which makes trading extremely cost-effective for intraday traders.

Most other full-service brokers like ICICI Direct, Angel Broking, Edelweiss and Sharekhan offer online flat rate brokerage along with free research and advisory.



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