Upstox vs SBI Securities Reviews 2024 | Which Is Better

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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

Upstox vs HDFC Securities

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

Upstox vs 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.

UpstoxSBI Securities
Establishment Year20092006
FounderRavi KumarArun Mehta
Exchange of
Membership
NSE , BSE,
SENSEX AND NIFTY
BSE & NSE.
Broker TypeDiscount BrokerFull Service Broker
Branches4132

Upstox vs SBI Securities Charges

ChargesUpstoxSBI Securities
Trade and Call Charge(₹50 + 18%
GST) per order.
Rs 10 per call (after
30 free calls a
month
Minimum Brokerage
Charges
Rs 20 or 2.5% of
trade value
(whichever is
lower)
Rs 0.05 for Cash,
Rs 0.01 Future

Upstox vs SBI Securities Offers

OffersUpstoxSBI Securities
Free AMC
Free Brokerage
Free Account Opening
Charge
Flat Brokerage
Charges
Flexible Brokerage
Charges
Free Delivery Charges
Margin Funding and
Pledging
Refferal OffersUpto Rs700 per
client
Rs. 200 Per
Client
Zero brokerage for
Loss Making Trade
, Limited
Brokerage Cashback
Free Trading Calls
Free Research Report

Upstox vs SBI Securities Product Provided

TypeUpstoxSBI Securities
Equity Delivery
Equity Intraday
Equity Option
Equity Future
Currency Option
Currency Future
Commodity Options
Commodity Future
Mutual Funds
Foreign stocks
Banking
Insurance
Digital Gold
Govt. Bonds
Corporate Bonds

Upstox vs SBI Securities Advisory Services Provided

TypeUpstoxSBI Securities
IPO Service
Weekly and Monthly
Review
Daily Stock Picks and Stock Tips
PMS or PCG
Trading Institution
, Investor
Sarathi
Demat and Trading
Service
Intraday Service
Share Pledging
NRI Service
Technical Reports
3 In 1 Account
Company and Annual Report
Stock Recommendation
and Research report

Features Of Upstox vs SBI Securities

FeaturesUpstoxSBI Securities
Chart
Automated Trading
3 in 1 Account
Sms Alerts
Margin Against Shares (Equity Cash)
Margin Against Shares
(Equity F&O)
Online Portfolio
Online Demo
Intraday Square-Off Time3:00 PM2:45 PM
Global Indices
Real Time Update
Stock Tips
Multi Profile Management
Interactive Charts
Customised Recommendation
Online MF Buy

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.

ChargesUpstoxSBI Securities
Demat Account Opening ChargesRs.0 (Free)Rs 850
Demat Account AMC ChargesRs 0 (Free)750 (Free for 1st
Year)
Trading Account Opening ChargesRs. 0 (Free)Rs 850
Trading Account AMC ChargesRs. 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.

Brokerage ChargesUpstoxSBI Securities
Brokerage PlanNAStandard plan
Equity DeliveryRs.20 per Trade or 2.5%,
whichever is low
0.50% of
Transaction
Value
Equity IntradayRs.20 per Trade or 0.05%
(whichever is low)
0.075% of
Transaction
Value
Equity OptionRs.20 per TradeRs.50 to Rs.100
per lot
Equity FutureRs 20 per executed plan/
order or .03% (whichever is
lower)
0.05% of
Transaction
Value
Currency OptionRs 20 per executed
plan/order
Rs.20 to Rs.30
per lot
Currency FutureRs 20 per executed
plan/order or .05%
whichever is lesser
0.05% of
Transaction
Value
Commodity OptionRs 20 per executed
plan/order
Rs.50 to Rs.100
per lot
Commodity FutureRs 20 per executed plan/
order or .05% whichever is
lesser
0.05% of
Transaction
Value

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

LeverageUpstoxSBI Securities
Equity Delivery100% of trade value (1x
leverage)
100% of trade value of
(1x leverage)
Equity IntradayUp to 20% of trade value (5x
leverage)
Up to 20% of trade
value of (5x leverage)
F&O (Currency, Equity,
Commodity)
100% of NRML margin (Span
Exposure) (1x leverage)
100% of NRML margin
(Span + Exposure) (1x
leverage)

Upstox vs SBI Securities Pros And Cons

Pros:

UpstoxSBI 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:

GrowwSBI 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.

ComplaintsGrowwSBI Securities
Total Complaints Lodged289180
Total Complaints Resolved157161
% Of Total Complaints Resolved86.30%180.50 %
Non Actionable Complaints3012
% Of Non Actionable Complaints9.37%6.30%

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.

Transaction ChargesUpstoxSBI Securities
Equity DeliveryNSE Rs 5000 per Cr(0.05%) | BSE Rs 3750per Cr (0.0375%) (OnPremium).0.00335% (NSE) &
0.00375% (BSE)
Equity IntradayNSE Rs 325 per Cr(0.00325%) | BSE Rs 375per Cr (0.00375%) (Sell Side)0.00335% (NSE)
& 0.00375%
(BSE)
Equity OptionNSE Rs 5000 per Cr
(0.05%) | BSE Rs
3750 per Cr
(0.0375%) (On
Premium)
0.053% (on
premium)
Equity FutureNSE Rs 90 per Cr(0.0009%) | BSE Rs 22per Cr (0.00022%)0.002% (NSE &
BSE)
Currency OptionNA0.037% (NSE) &
0.001% (BSE)
Currency FutureGroup A – Rs 290 per Cr(0.0029%)0.0009% (NSE)
& 0.00022%
(BSE)
Commodity OptionNA0.05% (Non Agri)
Commodity FutureGroup A – Rs 290 per Cr
(0.0029%)
NA

Review Comparison Of Upstox vs SBI Securities By Customer

Upstox is rated 7 of 10 , whereas SBI Securities is rated 8.5 of 10

RatingUpstoxSBI Securities
Brokerage9/108/10
Customers Service7/108.5/10
Fees6.5/107/10
Trading Platform6/108/10
Research7/105.510
Broker Rating8/108/10
Overall Rating7/108.5/10

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.

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