SBI Securities Stock Trading, Demat, Brokerage and Reviews 2020


6.69% 266,634 Clients

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

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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).

SBICAP Securities Brokerage / Charges

Segment   Delivery Intraday Minimum
      First leg Second leg  
Cash Market   0.50% 0.075% 0.075% ₹0.05
Derivatives Future 0.05% 0.03% 0.03% ₹0.01
  Option (per lot) ₹100 ₹50 ₹50  
Currency Derivatives Future 0.03% 0.015% 0.015%  
  Option (per lot) ₹30 ₹20 ₹20  

Demat Transaction Charges SBICAP Securities

On-Market (Sell Market) / Off Market (% of transaction value of each ISIN)
with POA (applicable for On Market Instructions only) 0.01% (Min. ₹21, Max. ₹300)
For instruction submitted through internet 0.01% (Min. ₹21, Max. ₹300)
For instruction submitted through Branches 0.04% (Min. ₹30)
Buy- market and off-market Nil
Rejection / Failed instruction ₹10 per failed instruction

Useful Articles:

Visit SBI Securities Brokerage Charges Review for more detail.

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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.

SBICAP Securities Ltd Enquiry Form

SBI Securities Margin / Exposure

SBI Securities leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery2x with Intrest
Equity IntradayUpto 5x
Equity FutureNil
Equity OptionsNil
Currency FutureNil
Currency OptionsNil
Commodity FutureNA
Commodity Options

Visit SBI Securities Margin Review for more detail.


SBI Securities Ratings

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

Based on 133 Votes by SBI Securities Customers

Do you trade with SBI Securities? Rate SBI Securities


SBI Securities Complaint

The number of SBI Securities customer complaint received by the exchanges. The SBI Securities consumer complaint report helps understanding the SBICAP Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 266,634 39
NSE 2019-20 249,924 74
BSE 2019-20 130,643 17
NSE 2018-19 209,567 50
BSE 2018-19 84,317 12
NSE 2017-18 213,616 102
BSE 2017-18 135,809 47
NSE 2016-17 169,345 88
BSE 2016-17 71,934 11
NSE 2015-16 125,828 78

* 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

  1. 1. How to open account with SBICAP?

    For online trading with SBICAP, an investor has to open an account. Following are the ways to open an account with SBICAP-

    • Open paperless online account.
    • Open an online instant paperless trading and the demat account using YONO App by SBI.
    • Visit any of the SBI branches near you and complete your account opening process.
    • You can give a missed call at 092667 92667 and the company executive will get in touch with you to take the process forward.

     

  2. 2. Does SBI Securities provide customer support through Online Chat?

    No. SBI Securities doesn't provide customer service through Chat service online.

     

  3. 3. Does SBI Securities offer customer service through local branch offices or broker franchise?

    Yes. SBI Securities offer customer service through local branch offices, local partners and franchises.

     

  4. 4. Does SBI Securities publish daily market research reports?

    Yes, SBI Securities publish daily market research reports.

     

  5. 5. Does SBI Securities provide trading tips or investment strategies?

    Yes. SBI Securities provide free tips for stock and commodity trading to its customers.

     


97 Comments

Prem
97. Prem  Jun 8, 2020 01:34 I Like It. | I Don't Like It. | Report Abuse Reply
Worst trading platform

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Anindya Ghosh
96. Anindya Ghosh  Jun 4, 2020 08:59 I Like It. | I Don't Like It. | Report Abuse Reply
What is the dp outgoing charges why chittorgarh.com hidden all vital information?
G C Srivastava
95. G C Srivastava  May 30, 2020 10:15 I Like It. | I Don't Like It. | Report Abuse Reply
Yes it is a user friendly and much transparent. Secondly redressal system is very good.
Vijaya Kumar B
94. Vijaya Kumar B  May 13, 2020 12:11 I Like It. | I Don't Like It. | Report Abuse Reply
Today 13-05-2020, server is not working since 0915 AM onwards. The technical snag is least expected from such a brokerage house especially with whom the name of SBI is associated. The technical hitches of the website at times diminishes the expectations as well as the better chances of making money by the customers especially the day traders.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Below Average
Santhosh
93. Santhosh  May 13, 2020 11:21 I Like It. | I Don't Like It. | Report Abuse Reply
Very Poor Customer Service.... During crucial moments, servers are down.... Now they closed their 1800 free customer complaint number.... When we call the new chargeable call center number, no one picks the call and when you close the call, Rs 10 -20 charged on my mobile for no service... if you send a helpdesk email, one guy will call you after 20 days as he enquires about the service.... SBI WILL LOSE CUSTOMERS LIKE THIS.... Subcontractor for handling SBI CAP Securities is doing a bad bad job!
Pramod chandra
92. Pramod chandra  May 9, 2020 23:27 I Like It. | I Don't Like It. | Report Abuse Reply
There is no support to a/c holder by sbicaps

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
kundan mishra
91. kundan mishra  Apr 19, 2020 22:32 I Like It. | I Don't Like It. | Report Abuse Reply
at maintime 9.30am network off.somanytimes. i got loss.
DINAKAR REDDY
90. DINAKAR REDDY  Apr 4, 2020 08:20 I Like It. | I Don't Like It. | Report Abuse Reply
BROKERAGE CHARGES VERY HIGH, SOFTWARE HANGS ALWAYS, UPDATES OF STOCKS SLOW, SOFTWARE LOG OUT AUTOMATACIALLY DURING CRUCIAL TIME.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Excellent
Overall Experience - Below Average
ROHINI KUMAR MADUGULA
89. ROHINI KUMAR MADUGULA  Apr 3, 2020 21:17 I Like It. | I Don't Like It. | Report Abuse Reply
Charges are too much and customer service never connects.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Sumanta Dhar
88. Sumanta Dhar  Mar 30, 2020 09:48 I Like It. | I Don't Like It. | Report Abuse Reply
No suggestions given to customers to upgrade trading account for customer benifit.
They don't pick up the phone on time in market hours
During lunch time the don't receive calls.
Whenever market is up there server is not working.
Duering pre market trade they don't pick up phone.
There app don't work, whenever there is a crash or sutten rise in nifty there app stops misteriously.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
SIM
87. SIM  Mar 26, 2020 17:57 I Like It. | I Don't Like It. | Report Abuse Reply
Reading all the reviews make me scary. I think SBICAP Sec needs to do something. When there many brokers available in the market with less fees, I think one day they will end up with no clients.
E AJAI KUMAR
86. E AJAI KUMAR  Dec 7, 2019 16:50 I Like It. | I Don't Like It. | Report Abuse Reply
SBI IS MOST PROFITABLE BROKERAGE ORGANISATION WHICH TAKE ALL PROFITS FROM CUSTOMERS BECAUSE OTHERS ARE CHARGING ONLY RS 20 OR ZERO BROKERAGE

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
shanmugam
85. shanmugam  Nov 30, 2019 03:06 I Like It. | I Don't Like It. | Report Abuse Reply
using sbicap mobile app SBISMART MONEY more than 5 years and platform is very attractive with useful information to beginners and experts.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Krishnamoorthy
84. Krishnamoorthy  Jul 26, 2019 18:22 I Like It. | I Don't Like It. | Report Abuse Reply
SBI CAP SECURITIES LTD., Chennai branch Broker Subashini misused my an account and cheated Rs.3,78,000/-. Once I came to know, I filed the complaint on SEBI. Based on my complaint NSE doing investigation. But, SBI CAP SECURITIES LTD's fraudulent lady Subashini submitting all fake documents.
So, please aware from this SBI CAP SECURITIES LTD., fraudsters.
Krishnamoorthy
83. Krishnamoorthy  Jul 25, 2019 14:45 I Like It. 1 | I Don't Like It. | Report Abuse Reply
SBICAP securitis Ltd is number 1 fraud company.
This company people sitting at SBI bank and once given false statement and open an account after they are using our account without our knowledge for buy and sell for their convenient and cheat our full amount. We should be aware from this people and should take very serious action against them.
Krishnamoorthy
82. Krishnamoorthy  Jul 25, 2019 14:38 I Like It. | I Don't Like It. | Report Abuse Reply
SBICAP SECURITIES LTD is Number 1 fraud company. They are cheating once knowing our innociency.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Rudal Kumar
81. Rudal Kumar  Jul 18, 2019 17:52 I Like It. | I Don't Like It. | Report Abuse Reply
Demat

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Very Poor
Jaison Jose
80. Jaison Jose  Jul 11, 2019 10:48 I Like It. | I Don't Like It. | Report Abuse Reply
The best thing I like about the SBICAP Securities Ltd. is the Mobile App, it's easy to use and works effortlessly. But the Web version is a bit complicated, I'd recommend it should be a bit more user friendly. SBI Yono Website is a good example. One thing, I'd love to have with this platform is the option to trade on the MT4 or MT5 (Meta Trader). If this feature is enabled, then SBICAP becomes far more advanced in this field compared to others. The only thing intolerable is the Brokerage Charges on Delivery and Intraday Trades. Man that sucks seriously. Or else, my experience with this firm is excellent.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
Ramesh
79. Ramesh  Jul 8, 2019 12:51 I Like It. | I Don't Like It. | Report Abuse Reply
Dislike because of high charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Below Average
singh
78. singh  Sep 7, 2018 01:24 I Like It. | I Don't Like It. | Report Abuse Reply
they suck brokerage like hell
Intraday net profit of ₹-780.00 I was charged ₹7000 due to brokerage 0.66 plus GST plus STT

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Average
Overall Experience - Very Poor

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