Upstox vs SBI Securities Reviews 2024 | Which Is Better
|Upstox vs SBI Securities
Upstox, founded in 2009, is a discount broker. It supports trading on the NSE andBSE. It has 4 branches in India. Full Service Broker SBI Securities was founded in 2006. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 132 of its branches in India
Upstox

The Upstox trading platform provides trading, analysis, charting, and avariety of other advanced trading capabilities. This platform makes it simple to placeorders using mobile devices and online browsers. Upstox’s trading platform is basedon Omnisys NEST OMS (Order Management System) and RMS (Risk ManagementSystem). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,and currency derivatives. Upstox Pro is the premium version of Upstox fortraders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata supportUpstox. UPSTOX established in 2009 ( then known as RKSV)..
SBI Securities

SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
Upstox | SBI Securities | |
Establishment Year | 2009 | 2006 |
Founder | Ravi Kumar | Arun Mehta |
Exchange of Membership | NSE , BSE, SENSEX AND NIFTY | BSE & NSE. |
Broker Type | Discount Broker | Full Service Broker |
Branches | 4 | 132 |
Upstox vs SBI Securities Charges
Upstox vs SBI Securities Offers
Upstox vs SBI Securities Product Provided
Upstox vs SBI Securities Advisory Services Provided
Features Of Upstox vs SBI Securities
Upstox vs SBI Securities Demat And AMC Charges
Upstox has Rs.0 annual maintenance cost (AMC) for trading accounts, butcharges a ₹0 yearly fee for DEMAT accounts. Many investors favour itbecause of its competitive cost, user-friendly layout, and excellent customer service. SBI Securities account opening fees are Rs 850. SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
Charges | Upstox | SBI Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
Demat Account AMC Charges | Rs 0 (Free) | 750 (Free for 1st Year) |
Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
Trading Account AMC Charges | Rs. 0 (Free) | Rs 850 |
Upstox vs SBI Securities Brokerage Charges
Upstox charges a fixed cost of ₹20 for equities trading, hereas SBI Securities offers equity delivery trades at 0.50%, intraday at 0.05%, futures at 0.05%, and options priced at ₹100 per lot. Kotak is typically more cost-effective for options trading and high-volume traders, but SBI may be more expensive for frequent traders. Both platforms impose additional fees such as STT, GST, and transaction fees.
Upstox vs SBI Securities Leverage (Margin)
Upstox offers up to 20% of the trade value (5x leverage) for intraday cash transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock, hile the SBI Securities margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows some of its margin leverage
Upstox vs SBI Securities Pros And Cons
Pros:
Upstox | SBI Securities |
1)Brokerage for all other areas,including equities delivery, is flat at Rs20 per deal. 2)Provide mutual funds directly. Asingle software for commodities,currency, and stock trading. 3)There is no account opening cost.Investment in mutual funds requiresno brokerage. 4)For slabs of Rs 40,000, the MarginTrading Facility (MTF) is offered at aninterest rate of Rs 20 per day. 5)There is a Margin Against Share.Bonds, NCDs, FPOs, and IPOs mayall be done online. 6)Orders that are Good-Till-Triggered(GTT) are accessible. 7)Minimal brokerage charges:Upstox helps traders save moneyon transaction costs by providingcompetitive brokerage prices. | 1)It Offer a 3-in-1 account foreasy transactions. 2) A wide variety of investingopportunities. Free researchreports are accessible. 3) Full-service broker thatprovides services both onlineand through branches. |
Cons:
Groww | SBI Securities |
1)Doesn’t give trading strategies thatare infinite and does not providemoney for margin on deliverytransactions. 2)Does not provide recommendationsor stock suggestions. 3)The brokerage cost for equitydelivery is Rs 20 per deal. Equitydelivery trades are offeredbrokerage-free by other brokers, suchas Zerodha. doesn’t give tradingstrategies that are infinite. 4)Not providing a three-in-oneaccount. lacks round-the-clock clientservice. 5)Does not provide Demat and NRITrading accounts and does notprovide BTST not providing digitalgold ,call-and-trade charge of Rs 20 isadded to each executed order. | 1)Full-service broker thatprovides services both onlineand through branches. 2) Offer a 3-in-1 account foreasy transactions. 3) A wide variety of investingopportunities. Free researchreports are available. |
Complaints Of Upstox vs SBI Securities
Data from 2024 reveals that Upstox had more customer complaints than HDFC Securities when comparing the two companies. In particular, Upstox received 289 complaints and resolved 157 whereas SBI Securities received 180 complaints and resolved 161. This shows that SBI Securities performs better in terms of customer service than Kotak Securities . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
Upstox vs HDFC Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
Review Comparison Of Upstox vs SBI Securities By Customer
Upstox is rated 7 of 10 , whereas SBI Securities is rated 8.5 of 10
Rating | Upstox | SBI Securities |
Brokerage | 9/10 | 8/10 |
Customers Service | 7/10 | 8.5/10 |
Fees | 6.5/10 | 7/10 |
Trading Platform | 6/10 | 8/10 |
Research | 7/10 | 5.510 |
Broker Rating | 8/10 | 8/10 |
Overall Rating | 7/10 | 8.5/10 |
Conclusion:Upstox is well-known for providing both novice and seasoned traders with a wealth of research tools, individualised advising services, and a robust offline presence. SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence. While its platform is not as advanced as Kotak’s, it provides full banking and trading integration. Choosing between them is based on the importance of sophisticated features versus cost-efficiency and trust.
Customer Care Number/Email
Upstox : 022-41792999
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Upstox Support Email:– support@upstox.com
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your Doubt.