Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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About SBI Securities
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 N... 
About mStock
Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients under its brand. It offers investment opportunities in stocks, currencies, IPOs and direct mutual funds.
One of the platform's most attractive features is the lifetime zero brokerage plan with a one-time fee of Rs 999. Unlike most brokers, this plan ensures zero brokerage on F&O, Intraday, Delivery, IPOs, ETFs, Currency and Mutual Funds, m...
Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.
| SBI Securities | mStock | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX |
| Year of Incorporation | 2001 | 2022 |
| Number of Branches | 117 | 0 |
SBI Securities trading account opening charges is Rs 850 while mStock account opening changes is Rs 999 (One TIme Cost). SBI Securities Demat Account AMC Charges is Rs 750 (Free for 1st Year) and mStock Demat Account AMC Charges is Annual Rs. 480 + GST (To be recovered on a Quarterly basis).
| SBI Securities | mStock | |
|---|---|---|
| Trading Account Opening Charges | Rs 850 | Rs 999 (One TIme Cost) |
| Trading Account AMC Charges | Annual Rs. 480 + GST (To be recovered on a Quarter | |
| Demat Account Opening Charges | Rs 999 (One TIme Cost) | |
| Demat Account AMC Charges | Rs 750 (Free for 1st Year) | Annual Rs. 480 + GST (To be recovered on a Quarterly basis) |
SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas mStock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).
| Account Type | SBI Securities | mStock Lifetime Zero Brokerage Plan |
|---|---|---|
| Fixed Charges | Rs 999 (One Time Payment) | |
| Equity Delivery | 0.50% | Rs 0 (Free) |
| Equity Intraday | 0.05% | Rs 0 (Free) |
| Equity Futures | 0.05% | Rs 0 (Free) |
| Equity Options | Rs 100 per lot (sell and buy side) | Rs 0 (Free) |
| Currency Futures | 0.03% | Rs 0 (Free) |
| Currency Options | Rs 30 per lot | Rs 0 (Free) |
| Commodity Futures | 0.05% | NA |
| Commodity Options | Rs 100 (sell and buy side) | NA |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| SBI Securities | mStock | |
|---|---|---|
| Account Type | Rs 0 Plan | |
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | Rs 0 (Free) |
| Equity Intraday | 0.05% | Rs.20 per Executed Order/0.3%of the turnover value |
| Equity Futures | 0.05% | Rs 20 as per executer order |
| Equity Options | Rs 100 per lot (sell and buy side) | Rs 20 as per executer order |
| Currency Futures | 0.03% | Rs 20 as per executer order |
| Currency Options | Rs 30 per lot | Rs 20 as per executer order |
| Commodity Futures | 0.05% | NA |
| Commodity Options | Rs 100 (sell and buy side) | NA |
| Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | |
| Other Charges | Rs 20/order - MTF | |
| Call & Trade Charges | Rs 10 per call (after 30 free calls a month) | Rs 0 (Free) |
SBI Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while mStock exchange transaction charges for options is NSE Rs 4950 per Cr (0.0495%) (on premium).
| SBI Securities | mStock | |
|---|---|---|
| Equity Delivery | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 188 per Cr (0.00188%) | BSE Rs 0 |
| Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 4950 per Cr (0.0495%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | NSE Rs 9 per Cr (0.00009%) |
| Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 35 per Cr (0.00035%) (on premium) |
| Commodity | ||
SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the mStock margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| SBI Securities | mStock | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. mStock offers Mobile App & Web Platform trading software.
| SBI Securities | mStock | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting | |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | SBI Smart Express, SBI Smart Web, SBI Smart Mobile | Mobile App & Web Platform |
| Intraday Square-off Time | 2:45 PM | |
| Trading In SME Shares Allowed? | |
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| Referral Program | |
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| Other Features | Buyback Trading | |
SBI Securities is rated 2.5 of 5 based on 163 customer reviews whereas .
| SBI Securities | mStock | |
|---|---|---|
163 Customer Reviews  |
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| Broker Rating | SBI Securities is rated 2.5 of 5 based on 163 customer reviews |
| SBI Securities Enquire | mStock Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| SBI Securities | mStock | |
|---|---|---|
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| Commodity | |
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| IPO | |
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| Other Investment Options | Pay Later (MTF), Pledge Shares |
| SBI Securities | mStock | |
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| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| SBI Securities | mStock | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
| SBI Securities | mStock | |
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| SBI Securities | mStock | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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