Zerodha vs SBI Securities Reviews 2024 | Which Is Better

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Zerodha vs SBI Securities

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. Zerodha , founded in 2010, is a discount broker. It provides trading on the The National Commodity and Derivatives Exchange (NCDEX) ,Multi Commodity Exchange (MCX), NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 22 of its branches in India

Zerodha

Zerodha vs HDFC Securities

Zerodha Review: Right now, Zerodha is the top stock broker. They are thought to be the most transparentstock broker, have a cheap brokerage fee, and provide a great online trading platform. Theybecome the fintech firm in India with the quickest growth rate through constant innovationand improvement. These are Zerodha’s main advantages. For its clients, it has developed avariety of trading software. These include the online and mobile trading platform ZerodhaKite, the mutual fund investment platform Coin, the investor education programme Varsity,the trading Q&A, and numerous other resources. In addition, Zerodha provides the followingplatforms: GoldenPi (bond trading), Sensibull (options trading), Streak (algo & strategyplatform), Small case (thematic investment platform), and Ditto (insurance).

SBI Securities

Zerodha 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.

ZerodhaSBI Securities
Establishment Year20102006
FounderNithin and Nikhil KamathArun Mehta
Exchange of
Membership
MCX, NCDEX and BSE
,NSE.
BSE & NSE.
Broker TypeDiscount BrokerFull Service Broker
Branches22132

Zerodha vs SBI Securities Charges

ChargesZerodhaSBI Securities
Trade and Call ChargeAdditional Rs 20 per
executed order
Rs 10 per call (after
30 free calls a
month
Minimum Brokerage
Charges
0.03% or Rs.20 Whichever Is LowerRs 0.05 for Cash,
Rs 0.01 Future
Other ChargesPhysical contact : Rs 20,
Trade SMS Alerts: Rs 1 per
SMS
NA

Zerodha vs SBI Securities Offers

OffersZerodhaSBI Securities
Free AMC
Free Brokerage
Free Account Opening
Charge
Flat Brokerage
Charges
, Limited
Flexible Brokerage
Charges
Free Intraday Charges[
Delivery Charges
Margin Funding and
Pledging
Refferal Offers300 Points Per ShareUpto Rs.700
per Client
Zero brokerage for
Loss Making Trade
, Limited
Brokerage Cashback
Free Trading Calls
Free Research Report

Zerodha vs SBI Securities Product Provided

TypeZerodhaSBI 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

Zerodha vs SBI Securities Advisory Services Provided

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

Features Of Zerodha vs SBI Securities

FeaturesZerodhaSBI 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 TimeCurrency: 4:45PM |Commodities: 25min before close and Eq Cash:3:15 PM | Eq ,,F&O : 3:25 PM2:45 PM
Global Indices
Real Time Update
Stock Tips
Multi Profile Management
Interactive Charts
Customised Recommendation
Online MF Buy

Zerodha vs SBI Securities Demat And AMC Charges

Zerodha trading account opening charges is Rs 0 . Zerodha Demat Account AMC Charges is Rs 300 .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.

ChargesZerodhaSBI Securities
Demat Account Opening ChargesRs.0 (Free)Rs 850
Demat Account AMC ChargesRs 300750 (Free for 1st
Year)
Trading Account Opening ChargesRs. 0 (Free)Rs 850
Trading Account AMC ChargesRs. 0 (Free)Rs 850

Zerodha vs SBI Securities Brokerage Charges

Zerodha costs Rs 20 per completed transaction or 0.02%, whichever is lesser. Both platforms provide cheap brokerage fees, but Zerodha clear pricing structure may appeal to traders seeking Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20. 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. Below the table shows brokerage charges of both the platforms.

Brokerage ChargesZerodhaSBI Securities
Brokerage PlanNAStandard plan
Equity DeliveryRs 0 (Free)0.50% of
Transaction
Value
Equity IntradayRs 20 per executed order
or 0.02% whichever is lesser
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
lesser
0.05% of
Transaction
Value
Currency OptionRs.20 per TradeRs.20 to Rs.30
per lot
Currency FutureRs 20 per executed
plan/order or .03%
whichever is lesser
0.05% of
Transaction
Value
Commodity OptionRs.20 per TradeRs.50 to Rs.100
per lot
Commodity FutureRs 20 per executed plan/
order or .03% whichever is
lesser
0.05% of
Transaction
Value

Zerodha vs SBI Securities Leverage (Margin)

Zerodha 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. while 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.

LeverageZerodhaSBI Securities
Equity DeliveryTrade value at 100% (1x
leverage)
100% of trade value of
(1x leverage)
Equity Intraday20% maximum of trade value
(5x/ times leverage)
Up to 20% of trade
value of (5x leverage)
F&O (Currency, Equity,
Commodity)
Span + Exposure = 100% of
NRML margin (1x leverage)
100% of NRML margin (Span + Exposure) (1x leverage)

Zerodha vs SBI Securities Pros And Cons

Pros:

ZerodhaSBI Securities
1)The brokerage fee is Rs 20 per trade inintraday and F&O.

2)Equity delivery trades with brokerage fees.

3)Free trading advice and research reports.

4) Securities are provided for collateral andthere is a margin trading facility.

5)Don’t impose fees on NEFT or moneytransfers. (Some charge about Rs. 10 each

6)RM/local subbroker services availableeven at bargain brokerages.

7)Ability to contact RM in case of problems(Other well-known brokers).

8) Charges just Rs 20 for intraday square-offand call and trade (others charge Rs 50). Others do not provide free stock and mutualfund advice or ideas .
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:

ZerodhaSBI Securities
1)It doesn’t offer research,recommendations, or stocksuggestions.

2 Each order incurs anadditional Rs 50 for Call &Trade.

3)There is also a 3-in-1account not available. Thereare no monthly unlimitedtrading subscriptionsavailable.

4)AMC Free Demataccounts are not providedby it. No margin financing.

5)An additional Rs 50 is paidfor each order for autosquare off.
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 Zerodha vs SBI Securities

Data from 2024 reveals that Zerodha had more customer complaints than HDFC Securities when comparing the two companies. Zerodha received 339 complaints and resolved 307. whereas SBI Securities received 130 complaints and resolved 105. 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.

ComplaintsZerodhaSBI Securities
Total Complaints Lodged339180
Total Complaints Resolved307161
% Of Total Complaints Resolved90.56%180.50 %
Non Actionable Complaints2012
% Of Non Actionable Complaints5.90%6.03 %

Zerodha vs SBI 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 ChargesZerodhaSBI Securities
Equity DeliveryNSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%)0.00335% (NSE) &
0.00375% (BSE)
Equity IntradayNSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%)0.00335% (NSE)
& 0.00375%
(BSE)
Equity OptionNSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%)0.053% (on
premium)
Equity Future0.0019% (NSE & BSE)0.002% (NSE &
BSE)
Currency OptionNSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%)0.037% (NSE) &
0.001% (BSE)
Currency FutureNSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)0.0009% (NSE)
& 0.00022%
(BSE)
Commodity Option0.05% (Non Agri)0.05% (Non Agri)
Commodity FutureGroup A – Rs 260 per Cr (0.0026%)NA

Review Comparison Of Zerodha vs SBI Securities By Customer

Zerodha is rated 8.5 of 10 , whereas SBI Securities is rated 7.5 of 10

RatingZerodhaSBI Securities
Brokerage8/106/10
Customers Service7.5/108/10
Fees8.5/106.5/10
Trading Platform7/107.5/10
Research7.5/106.510
Broker Rating7.5/107/10
Overall Rating8.5/107.5/10

Conclusion: Zerodha is well-known for providing both novice and seasoned traders with a wealth of research tools, individualised advising services, and a robust offline presence. Conversely. SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence.
hile 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

Zerodha: (080 4718 1888) or (080 4718 1999) .

SBI Securities:- 022-42273373

Client can contact this number for clearing your doubt.

Zerodha Support Email: support@zerodha.com

SBI Securities Support Email :- helpdesk@sbicapsec.co

Client can contact on this email for clearing your doubt.

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