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SBI Securities Stock Trading, Demat, Brokerage and Reviews 2020

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 Non-Resident Indians (NRIs) to invest online in Equity, Derivatives, Mutual Funds, ETFs, IPOs and NCDs. It also offers lending products like Home Loans, Car Loans, and Loan Against Securities (LAS). SSL is registered with the Securities Exchange Board of India and is a Depository Participant with NSDL & CDSL.

SBICAP Securities Limited offers a full suite of services to NRIs residing across the globe. For the NRIs residing in the US, UK, Canada, and Japan, SSL does offer a 3-in-1 account but does not solicit investments from them due to regulatory restrictions. NRIs, however, can avail of various services of the company at their sole discretion. SSL in association with State Bank of India provides online trading solutions to NRIs.

Read Our SBICAP NRI Account Review to know more

SBICAP offers a 3-in-1 account to its customers linking all three accounts i.e. Bank Account, Demat Account and Trading Account together. In the 3-in-one account facility, the Savings/Current account is held with SBI while the Demat and Online Trading account is opened with SBI Cap Securities Ltd. It also offers research services wherein customers get access to Various kinds of Research Reports, Analysis Tools and Calculators. SBICAP offers several online trading software to its customers, including:

1. SBISmart Portal (Web-based Trading Platform)
2. SBISmart Xpress (Desktop Trading Software)
3. SBISmart Lite (Website Trading)
4. SBISmart Mobile App

Know in detail about SBICAP's online trading platforms here.

In addition to the above mentioned online trading platforms, SBI, the parent company of app, offers the YONO (You Only Need One App) app that caters to all your banking and investment needs. You can use the app for banking, trading, insurance, investments, and shopping, etc. You can also open an SBI 3-in-1 account online using the YONO Mobile App. Once you fill the online application form, you need to visit the nearest branch once for in-person verification. 

For those who are not able to use online services for some reasons, they can avail the company's services through other offline channels like-

1. Branch Offices
2. Relationship Managers
3. Dial & Trade
4. Independent Financial Advisors

SSL has been assigned a Highest Grade -"BQ1" by CRISIL for the quality of its Operations and Services.

Key Facts about SBICAP Securities

1. Part of the reputed SBI group
2. Over a decade of experience in the trading business
3. Offer a complete suite of financial products catering to retail, institutional, HNI and NRI investors
4. Omnichannel (multiple channels) services
5. More than 115 branches across the country
6. 1000+ field force providing doorstep services
7. Offers 3-in-1 accounts to customers
8. SBISmart Mobile App and YONO App for on-the-go services
9. Offers Demat and research advisory services 

Trade In: BSE and NSE

SBI Securities Charges 2020

• 3-in-1 Account Opening Charges: ₹850
• Annual Maintenance Charges (AMC): ₹500

Trading Brokerages

• Intra-day Trades: 0.15% (both sides) Or Minimum 5 paise per share whichever is higher.
• Delivery Based Trades: 0.50% or Minimum 5 paise per share whichever is higher.
• Futures: 0.05% for intraday and 0.09% for carry forward Or Minimum 5 paise per share whichever is higher .
• Options Trades: Rs. 50/- for intraday (one side) (per contract) and Rs. 100/- for carry forward (per contract).

Useful Articles:

• The Best 3-in-1 Trading Account in India Stock Market - ICICI Bank, HDFC Bank, SBI, Kotak Securities etc

Visit SBI Securities Brokerage Charges Review for more detail.

SBI Securities Pros and Cons

SBI Securities Pros (Advantages)

The following are the advantages of SBI Securities. You must read SBI Securities advantages and disadvantages before opening an account with SBI Securities. SBI Securities pros and cons help you find if it suits your investment needs.

1. State Bank of India is the country's largest bank of India and a trusted brand.
2. Full-service broker with a wide range of financial services under one roof.
3. SBI Securities offer the 3-in-1 account which offers seamless transactions between the Demat, Trading and Bank Account.
4. Offer online investment in IPO, Mutual Funds, and Bonds.
5. Trading Terminal SBISMART Xpress and Mobile Trading app SBISMART are available for free to all customers.
6. Trading is available at over 115 SBICAP Securities branches across major cities.
7. Research reports and analysis tools are offered to all customers.

SBI Securities Cons (Disadvantages)

The following are the cons of SBI Securities. Check the list of SBI Securities drawbacks.

1. Very high brokerage in comparison to the online discount stock broker.
2. Call & Trade is free for first 30 calls a month. After that, it is charged at Rs 10 per call. Max 3 scripts can be enquired in 1 call.

Visit SBI Securities Margin Review for more detail.

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SBI Securities Ratings

Overall Rating	2.6/5
Fees	3.2/5
Brokerage	2.8/5
Usability	2.6/5
Customer Service	2.8/5
Research Capabilities	1.3/5

Based on 133 Votes by SBI Securities Customers

Do you trade with SBI Securities? Rate SBI Securities

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit SBI Securities Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

SBI Securities Reviews

• SBI Securities Charges Review
• SBI Securities Mobile App Review
• SBI Securities Margin
• SBI Securities Account Opening Process Review
• SBI Securities Demat Account Review
• Apply in IPO through SBI Securities
• SBI Securities Branch Offices / Sub Brokers / Franchise
• SBI Securities Trading Software Review
• SBI Securities NRI Account Review
• SBI Securities Mutual Fund Review
• Is SBI Securities safe for trading and long term investment?
• SBI Securities Complaint Monitor
• SBI Securities FAQs

• How to Apply in an IPO online through SBI Bank?
• Top 10 Full-Service Brokers in India By Clients
• Top 10 Discount Brokers in India By Clients
• Comparison of Full Service Brokers and Discount Brokers in India
• Minor Demat & Trading Account - IPO, Tax, NCD FAQs
• SBICAP Securities Options Trading Review

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