HDFC SKY and SBI Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. HDFC SKY is listed as a Private Discount Broker , established in 2023 and headquartered in Mumbai, while SBI Securities is listed as a Public Discount Broker , established in Arun Mehta and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether HDFC SKY or SBI Securities is a better fit for your investment style, platform preference, and budget.
HDFC SKY is listed as a Private Discount Broker established in 2023 with headquarters in Mumbai and founded by Dhiraj Relli. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a Standard brokerage structure.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
HDFC SKY vs SBI Securities — A Comprehensive Company Overview
| Company Overview | HDFC SKY | SBI Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Dhiraj Relli | Arun Mehta |
| Establishment Year | 2023 | Arun Mehta |
| Brokerage Plan | Standard | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for HDFC SKY and SBI Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) while SBI Securities charges 0.50% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) while SBI Securities charges 0.075% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) while SBI Securities charges 0.05% of Transaction Value.
Equity options: This charge applies to equity option contracts. HDFC SKY charges Rs.20 per Order while SBI Securities charges Rs.50 to Rs.100 per lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) while SBI Securities charges 0.05% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. HDFC SKY charges Rs.20 per Order while SBI Securities charges Rs.50 to Rs.100 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low) while SBI Securities charges 0.05% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. HDFC SKY charges Rs.20 per order while SBI Securities charges Rs.20 to Rs.30 per lot.
HDFC SKY vs SBI Securities — Detailed Brokerage Comparison
| Brokerage | HDFC SKY | SBI Securities |
|---|---|---|
| Brokerage Plan | Standard | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.20 per Order or 0.01% (whichever is low) | 0.50% of Transaction Value |
| Equity Intraday | Rs.20 per Order or 0.01% (whichever is low) | 0.075% of Transaction Value |
| Equity Future | Rs.20 per Order or 0.01% (whichever is low) | 0.05% of Transaction Value |
| Equity Option | Rs.20 per Order | Rs.50 to Rs.100 per lot |
| Commodity Future | Rs.20 per Order or 0.01% (whichever is low) | 0.05% of Transaction Value |
| Commodity Option | Rs.20 per Order | Rs.50 to Rs.100 per lot |
| Currency Future | Rs.20 per Order or 0.01% (whichever is low) | 0.05% of Transaction Value |
| Currency Option | Rs.20 per order | Rs.20 to Rs.30 per lot |
HDFC SKY provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. SBI Securities provides mobile app access, web trading and desktop terminal access for its users.
Android app: HDFC SKY and SBI Securities both list an Android trading app.
iOS app: HDFC SKY and SBI Securities both list an iOS trading app.
Web trading platform: HDFC SKY and SBI Securities both list a web trading platform.
Desktop trading terminal: SBI Securities lists a desktop trading terminal, while HDFC SKY does not currently mention it.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: HDFC SKY and SBI Securities both list basket trading.
Foreign stocks platform: HDFC SKY lists foreign stocks access, while SBI Securities does not currently mention it.
Mutual fund platform: HDFC SKY and SBI Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: HDFC SKY and SBI Securities both list a bonds investment platform.
HDFC SKY vs SBI Securities — Complete Comparison of Trading Platforms
| Trading Platform | HDFC SKY | SBI Securities |
|---|---|---|
| Android App | HDFC SKY Android App Link | SBI Securities Android App Link |
| iOS App | HDFC SKY iOS App Link | SBI Securities iOS App Link |
| Web Trading Platform | HDFC SKY Web Trading Link | SBI Securities Web Trading Link |
| Trading Terminal | NA | Available |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | Available | NA |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | Available | Available |
HDFC SKY highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while SBI Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both HDFC SKY and SBI Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both HDFC SKY and SBI Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both HDFC SKY and SBI Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both HDFC SKY and SBI Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both HDFC SKY and SBI Securities offer this feature.
Global indices: Real-time data on leading global stock market indices. HDFC SKY offers this; SBI Securities does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. HDFC SKY offers this; SBI Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both HDFC SKY and SBI Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both HDFC SKY and SBI Securities offer this feature.
Live market: Live updates on market movements and trends. Both HDFC SKY and SBI Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. SBI Securities offers this; HDFC SKY does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both HDFC SKY and SBI Securities offer this feature.
HDFC SKY vs SBI Securities — Comprehensive Comparison of Trading Features
| Trading Feature | HDFC SKY | SBI Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | Yes | No |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by HDFC SKY and SBI Securities.
Free account opening: HDFC SKY lists free account opening, while SBI Securities does not currently mention it.
Free AMC: HDFC SKY lists free Demat AMC, while SBI Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: HDFC SKY lists flat brokerage pricing, while SBI Securities does not currently mention it.
Flexible brokerage plans: SBI Securities lists flexible brokerage plans, while HDFC SKY does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: HDFC SKY and SBI Securities both list free research reports.
Free trading calls: HDFC SKY and SBI Securities both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: HDFC SKY offers Rs.200 per Client while SBI Securities offers Upto Rs.700 per Client for referrals.
HDFC SKY vs SBI Securities — Comparison of Latest Offers
| Offer | HDFC SKY | SBI Securities |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Yes, Limited | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Rs.200 per Client | Upto Rs.700 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | Yes |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. HDFC SKY highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while SBI Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, banking services, insurance, corporate bonds, government bonds and bonds.
HDFC SKY vs SBI Securities — Complete Comparison of Products
| Product | HDFC SKY | SBI Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | Yes | No |
| Mutual Funds | Yes | Yes |
| Banking | Yes | Yes |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: HDFC SKY and SBI Securities both list Demat services.
Trading services: HDFC SKY and SBI Securities both list trading services.
Intraday services: HDFC SKY and SBI Securities both list intraday trading services.
F&O services: HDFC SKY and SBI Securities both list F&O services.
IPO services: HDFC SKY and SBI Securities both list IPO services.
3-in-1 account: HDFC SKY and SBI Securities both list 3-in-1 account support.
Stock research: HDFC SKY and SBI Securities both list stock research.
Stock recommendations: HDFC SKY and SBI Securities both list stock recommendations.
Trading education: SBI Securities lists trading education, while HDFC SKY does not currently mention it.
Share pledging: HDFC SKY and SBI Securities both list share pledging.
PMS or PCG: HDFC SKY and SBI Securities both list PMS or PCG support.
NRI services: HDFC SKY and SBI Securities both list NRI services.
HDFC SKY provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while SBI Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
HDFC SKY vs SBI Securities — In-Depth Comparison of Services
| Service | HDFC SKY | SBI Securities |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | Yes | Yes |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | No | Yes, Investor Sarathi |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from HDFC SKY and SBI Securities.
HDFC SKY and SBI Securities — Detailed Comparison of Advisory Services
| Advisory | HDFC SKY | SBI Securities |
|---|---|---|
| Fundamental Reports | Yes, Chargeable | Yes |
| Research Reports | Yes, Chargeable | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes, Chargeable | Yes |
| Daily Top Stock Picks | Yes, Chargeable | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes, Chargeable | Yes |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from HDFC SKY and SBI Securities across different segments.
HDFC SKY and SBI Securities — Comprehensive Comparison of Trading Exposure
| Exposure | HDFC SKY | SBI Securities |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1X |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
HDFC SKY and SBI Securities both list a sub-broker program. HDFC SKY and SBI Securities both list a partner program. HDFC SKY and SBI Securities both list a referral program.
HDFC SKY vs SBI Securities — Comparative Analysis of Programs
| Program | HDFC SKY | SBI Securities |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
HDFC SKY provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches.
HDFC SKY and SBI Securities — Comprehensive Comparison of Customer Support
| Support Channel | HDFC SKY | SBI Securities |
|---|---|---|
| Trading Support | Available, Free | Available, Free |
| Dedicated Dealer | Available, Free | Available, Free |
| Call Support | 022-68494702 | 022-68545555 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | NA | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. HDFC SKY carries an overall rating of 9.10 / 10, while SBI Securities carries an overall rating of 8.95 / 10.
HDFC SKY vs SBI Securities — Ratings Comparison
| Rating Parameter | HDFC SKY | SBI Securities |
|---|---|---|
| Overall Rating | 9.10 / 10 | 8.95 / 10 |
| Customer Support | 9.16 / 10 | 8.92 / 10 |
| Technology | 9.11 / 10 | 9.06 / 10 |
| Charges | 9.53 / 10 | 8.99 / 10 |
| Products & Services | 9.24 / 10 | 8.90 / 10 |
| Experience | 8.42 / 10 | 8.88 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
HDFC SKY & SBI Securities — Comparison of Customer Complaints
| Complaint Metric | HDFC SKY | SBI Securities |
|---|---|---|
| Total Complaints Lodged | 6 | 182 |
| Total Complaints Resolved | 6 | 162 |
| % of Resolved Complaints | 100% | 89.01% |
| Non-Actionable Complaints | 0 | 11 |
| % of Non-Actionable Complaints | 0% | 6.04% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for HDFC SKY and SBI Securities.
HDFC SKY vs SBI Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | HDFC SKY | SBI Securities |
|---|---|---|
| Equity Delivery | 0.00350% (NSE) & 0.00375% (BSE) | |
| Equity Intraday | 0.00350% (NSE) & 0.00375% (BSE) | |
| Equity Future | 0.0019% (NSE & BSE) | |
| Equity Option | 0.053% (on premium) | |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | |
| Commodity Option | 0.05% (Non Agri) | |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
HDFC SKY & SBI Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | HDFC SKY | SBI Securities |
|---|---|---|
| Pledge Creation Charges | Rs.20 per Request | |
| Pledge Invocation Charges | Rs.20 per Request | |
| Margin Trading Interest | 0.075% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
HDFC SKY and SBI Securities — Detailed Comparison of Hidden / Other Charges
| Charge | HDFC SKY | SBI Securities |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.20 per Scrip only on Sell | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | Free | |
| Reactivation Charges | Free | |
| Dematerialisation Charges | Rs.50 per Certificate | |
| Call & Trade Charges | Rs.20 per Call |
HDFC SKY lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free). SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
HDFC SKY vs SBI Securities — Detailed Comparison of Demat Charges
| Demat Charges | HDFC SKY | SBI Securities |
|---|---|---|
| Account Opening Charges | Free | Rs.850 |
| Annual Maintenance Charges (AMC) | Rs.300 per Year (1st Year Free) | Rs.750 |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
HDFC SKY vs SBI Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | HDFC SKY | SBI Securities |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | 0.01% on sell (Non-Agri) | |
| Commodity Option | 0.05% on sell | |
| Currency Future | Nil | |
| Currency Option | Nil |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
HDFC SKY and SBI Securities — Comparison of Stamp Duty Charges
| Stamp Duty | HDFC SKY | SBI Securities |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | 0.002% on buy | |
| Commodity Option | 0.003% on buy | |
| Currency Future | 0.0001% on buy | |
| Currency Option | 0.0001% on buy |