SBI Securities - Safe, Reliable & Trustworthy Broker

SBI Securities is a trusted and reliable stock broker in India. It is a part of the SBI Group led by SBI Bank. State Bank of India (SBI) is the largest bank in India and serves more than a million customers.

SBI Cap Securities is a SEBI registered broker member of BSE, NSE, MCX, NSDL and CDSL.

Incorporated in 2006, SBI Securities has experience of over 2 decades. The broker is regularly audited and regulated by SEBI and stock exchanges. As of Aug 2021, there is no major violation reported by the regulatory agency against SBI Securities.

The key facts about SBI Securities:

• Offers 3-in-1 account including Demat, trading, and bank account.
• Offers 3^rd Party IPO application facility.
• More than 17+ lakh customers
• Offers both online and offline services
• Offers research-based services for customers
• In-house developed SBI Smart Software
• Provides online education through a digital medium

Why SBI Securities safe?

1. Strong Parent Company

   SBI Securities has a strong parent base to utilize product offerings, services, and product distribution networks of SBI Bank. Being part of the SBI group, the stock broker not only benefits from financial and brand value but also gains from the leadership experience, a huge client base and deep market penetration of the SBI bank.

2. Technology-focused company

   SBI Securities offers advanced trading platforms SBI Smart. It has a web, desktop, and mobile-based application to fulfill the technology needs of investors and traders.

3. Lowest Complaints to Active Clients Ratio

   Looking at the complaints against total active clients, SBI Securities has a lower ratio across the exchanges.

4. Offline Network (In-person service)

   SBI Securities has a branch-based model to ensure strong control and compliance with risk management policies. It has more than 200+ branches across India.

SBI Securities Memberships

SBI Securities is a registered member of SEBI and leading stock exchanges such as BSE, NSE, and MCX. In India, for offering trading services, it is necessary to register with SEBI and follow the regulations. The stock exchanges are also required to get SEBI memberships to provide exchange platform access. Both SEBI and Stock Exchanges keep an eye on SBI Securities to ensure due diligence. To date, SBI Securities has followed all the regulations and no major complaints are filed against it.

SBI Securities' various memberships' details are as follows:

• SBI Securities: Member of NSE & BSE- SEBI Registration No: INZ000200032
• Depository services through SBI Securities Pvt. Ltd: IN-DP-314-2017

SBI Securities Risks

SBI Securities is a safe broker. We do not see any major risks as its run and backed by SBI, a public sector bank. Below are few points to be considered:

1. Falling Market Share

   The market share of SBI Securities is falling significantly in the last few years due to growing discount stock brokers like Zerodha and Upstox. This will continue to happen until SBI Securities improves the trading platform and reduces the brokerage rates.

Conclusion

SBI Securities is a safe, reliable, and trustworthy stockbroker. It has strong management and parent company. The company has been registering profits and benefits immensely in customer acquisition through SBI Bank branches. SBI Sec is not a good choice for intraday and F&O traders due to high brokerage charges, old trading platform and poor customer service.

Must Read:

• 10 Steps to safeguard trading and Demat account

Frequently Asked Questions

SBI Securities Competitors Review

Information on this page was last updated on Wednesday, June 12, 2024