Zerodha vs SBI Securities Reviews 2024 | Which Is Better
|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 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
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.
Zerodha | SBI Securities | |
Establishment Year | 2010 | 2006 |
Founder | Nithin and Nikhil Kamath | Arun Mehta |
Exchange of Membership | MCX, NCDEX and BSE ,NSE. | BSE & NSE. |
Broker Type | Discount Broker | Full Service Broker |
Branches | 22 | 132 |
Zerodha vs SBI Securities Charges
Charges | Zerodha | SBI Securities |
Trade and Call Charge | Additional 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 Lower | Rs 0.05 for Cash, Rs 0.01 Future |
Other Charges | Physical contact : Rs 20, Trade SMS Alerts: Rs 1 per SMS | NA |
Zerodha vs SBI Securities Offers
Offers | Zerodha | SBI 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 Offers | 300 Points Per Share | Upto 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
Type | Zerodha | SBI 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
Type | Zerodha | SBI 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
Features | Zerodha | SBI 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 Time | Currency: 4:45PM |Commodities: 25min before close and Eq Cash:3:15 PM | Eq ,,F&O : 3:25 PM | 2:45 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.
Charges | Zerodha | SBI Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
Demat Account AMC Charges | Rs 300 | 750 (Free for 1st Year) |
Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
Trading Account AMC Charges | Rs. 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 Charges | Zerodha | SBI Securities |
Brokerage Plan | NA | Standard plan |
Equity Delivery | Rs 0 (Free) | 0.50% of Transaction Value |
Equity Intraday | Rs 20 per executed order or 0.02% whichever is lesser | 0.075% of Transaction Value |
Equity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
Equity Future | Rs 20 per executed plan/ order or .03% whichever is lesser | 0.05% of Transaction Value |
Currency Option | Rs.20 per Trade | Rs.20 to Rs.30 per lot |
Currency Future | Rs 20 per executed plan/order or .03% whichever is lesser | 0.05% of Transaction Value |
Commodity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
Commodity Future | Rs 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.
Leverage | Zerodha | SBI Securities |
Equity Delivery | Trade value at 100% (1x leverage) | 100% of trade value of (1x leverage) |
Equity Intraday | 20% 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:
Zerodha | SBI 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:
Zerodha | SBI 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.
Complaints | Zerodha | SBI Securities |
Total Complaints Lodged | 339 | 180 |
Total Complaints Resolved | 307 | 161 |
% Of Total Complaints Resolved | 90.56% | 180.50 % |
Non Actionable Complaints | 20 | 12 |
% Of Non Actionable Complaints | 5.90% | 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 Charges | Zerodha | SBI Securities |
Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Intraday | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Option | NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) | 0.053% (on premium) |
Equity Future | 0.0019% (NSE & BSE) | 0.002% (NSE & BSE) |
Currency Option | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) | 0.037% (NSE) & 0.001% (BSE) |
Currency Future | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | 0.0009% (NSE) & 0.00022% (BSE) |
Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
Commodity Future | Group 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
Rating | Zerodha | SBI Securities |
Brokerage | 8/10 | 6/10 |
Customers Service | 7.5/10 | 8/10 |
Fees | 8.5/10 | 6.5/10 |
Trading Platform | 7/10 | 7.5/10 |
Research | 7.5/10 | 6.510 |
Broker Rating | 7.5/10 | 7/10 |
Overall Rating | 8.5/10 | 7.5/10 |
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.