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Zerodha Vs SBI Securities (Compare Zerodha and SBI Securities)

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde...

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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...

SBI Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

Zerodha Vs SBI Securities

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

	Zerodha	SBI Securities
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	BSE, NSE
Year of Incorporation	2010	2001
Number of Branches	22	117
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Zerodha Vs SBI Securities Charges & AMC

Zerodha trading account opening charges is Rs 0 while SBI Securities account opening changes is Rs 850. Zerodha Demat Account AMC Charges is Rs 300 and SBI Securities Demat Account AMC Charges is Rs 750 (Free for 1st Year).

	Zerodha	SBI Securities
Trading Account Opening Charges	Rs 0	Rs 850
Trading Account AMC Charges	Rs 0 (Free)
Demat Account Opening Charges	Rs 0
Demat Account AMC Charges	Rs 300	Rs 750 (Free for 1st Year)

Zerodha Vs SBI Securities Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type	Zerodha Flat Brokerage Plan	SBI Securities
Fixed Charges
Equity Delivery	Rs 0 (Free)	0.50%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.05%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.05%
Equity Options	Rs 20 per executed order	Rs 100 per lot (sell and buy side)
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Currency Options	Rs 20 per executed order	Rs 30 per lot
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.05%
Commodity Options	Rs 20 per executed order	Rs 100 (sell and buy side)
Special Offer	Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha 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.

Zerodha Charges Vs SBI Securities

Minimum Brokerage	0.03% in Intraday and F&O	Rs 0.05 for Cash, Rs 0.01 Future
Other Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 50 per executed order	Rs 10 per call (after 30 free calls a month)

Zerodha Vs SBI Securities Transaction Charges

Zerodha transaction charges for options is NSE Rs 3503 per Cr (0.03503%) | BSE Rs 500 per Cr (0.005%) (on premium) while SBI Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

	Zerodha	SBI Securities
Equity Delivery	NSE Rs 297 per Cr (0.00297%) \| 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 297 per Cr (0.00297%) \| 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 173 per Cr (0.00173%) \| BSE Rs 0	NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options	NSE Rs 3503 per Cr (0.03503%) \| BSE Rs 500 per Cr (0.005%) (on premium)	NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures	NSE Rs 35 per Cr (0.00035%) \| BSE Rs 45 per Cr (0.00045%)	NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 3110 per Cr (0.0311%) \| BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)
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Zerodha Vs SBI Securities Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Zerodha	SBI Securities
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)
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Compare Zerodha and SBI Securities Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

	Zerodha	SBI Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time	Eq Cash: 3:15 PM \| Eq F&O : 3:25 PM \| Currency: 4:45 PM \| Commodities: 25 min before close	2:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Direct Mutual Funds, APIs for Algo Trading
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Zerodha Vs SBI Securities Review

Zerodha is rated 3.7 of 5 based on 486 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 163 customer reviews.

	Zerodha	SBI Securities
	486 Customer Reviews	163 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 486 customer reviews	SBI Securities is rated 2.5 of 5 based on 163 customer reviews

Contact Broker / Request A Call Back

	Zerodha Enquire	SBI Securities Enquire
Contact Broker	Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha 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.

Zerodha Vs SBI Securities Investment Options

	Zerodha	SBI Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Zerodha Vs SBI Securities Order Type Offered

	Zerodha	SBI Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs SBI Securities Research Report

	Zerodha	SBI Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs SBI Securities Suitable For Investor Type

	Zerodha	SBI Securities
Casual Investor
Active Investor
Trader

Zerodha Vs SBI Securities - Pros and Cons

	Zerodha	SBI Securities
Pros	Free account opening for people under 25. India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.	Offer 3-in-1 account for seamless transactions. Full-service broker offering services online as well as through branches. Wide range of investment options. Free research reports are available.
Cons	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.	Installable Trading Terminal (exe) is not available for frequent traders. Good Till Cancelled (GTC) orders are not available. Very high brokerage. Commodity (MCX) trading is not available.
Reviews
Promo / Offers	Zerodha Special Offer Free stock trading and mutual funds Free account opening for all people. Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + + Trade with the best trading platform in India. This is a limited time offer. Open an instant Zerodha account online and start trading today.	Zerodha (India's Best & No. 1 Broker) Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews
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