Lemonn and SBI Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Lemonn is listed as a Private Discount Broker , established in 2020 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 Lemonn or SBI Securities is a better fit for your investment style, platform preference, and budget.
Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. 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.
Lemonn vs SBI Securities — A Comprehensive Company Overview
| Company Overview | Lemonn | SBI Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari | Arun Mehta |
| Establishment Year | 2020 | 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 Lemonn and SBI Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Lemonn charges Rs 20 per executed order while SBI Securities charges 0.50% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Lemonn charges Rs 20 per executed order while SBI Securities charges 0.075% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Lemonn charges Rs 20 per executed order while SBI Securities charges 0.05% of Transaction Value.
Equity options: This charge applies to equity option contracts. Lemonn charges Rs 20 per executed 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. Lemonn charges N/A ; SBI Securities charges 0.05% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Lemonn charges N/A ; SBI Securities charges Rs.50 to Rs.100 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Lemonn charges N/A ; SBI Securities charges 0.05% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Lemonn charges N/A ; SBI Securities charges Rs.20 to Rs.30 per lot.
Lemonn vs SBI Securities — Detailed Brokerage Comparison
| Brokerage | Lemonn | SBI Securities |
|---|---|---|
| Brokerage Plan | Standard | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs 20 per executed order | 0.50% of Transaction Value |
| Equity Intraday | Rs 20 per executed order | 0.075% of Transaction Value |
| Equity Future | Rs 20 per executed order | 0.05% of Transaction Value |
| Equity Option | Rs 20 per executed order | Rs.50 to Rs.100 per lot |
| Commodity Future | Not Available | 0.05% of Transaction Value |
| Commodity Option | Not Available | Rs.50 to Rs.100 per lot |
| Currency Future | Not Available | 0.05% of Transaction Value |
| Currency Option | Not Available | Rs.20 to Rs.30 per lot |
Lemonn provides mobile app access, web trading and desktop terminal access 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: Lemonn and SBI Securities both list an Android trading app.
iOS app: Lemonn and SBI Securities both list an iOS trading app.
Web trading platform: Lemonn and SBI Securities both list a web trading platform.
Desktop trading terminal: Lemonn and SBI Securities both list a desktop trading terminal.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: SBI Securities lists basket trading, while Lemonn does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Lemonn and SBI Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities lists a bonds investment platform, while Lemonn does not currently mention it.
Lemonn vs SBI Securities — Complete Comparison of Trading Platforms
| Trading Platform | Lemonn | SBI Securities |
|---|---|---|
| Android App | Download | SBI Securities Android App Link |
| iOS App | Download | SBI Securities iOS App Link |
| Web Trading Platform | Lemonn Trade | SBI Securities Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | Not Available | NA |
| Foreign Stocks Platform | Not Available | NA |
| Basket Trading Platform | Not Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Not Available | NA |
| Bonds Platform | Not Available | Available |
Lemonn highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, 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 Lemonn and SBI Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Lemonn and SBI Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Lemonn and SBI Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Lemonn and SBI Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Lemonn and SBI Securities offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Lemonn 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 Lemonn and SBI Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Lemonn and SBI Securities offer this feature.
Live market: Live updates on market movements and trends. Both Lemonn and SBI Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Lemonn and SBI Securities offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Lemonn and SBI Securities offer this feature.
Lemonn vs SBI Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Lemonn | 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 | No | No |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | 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 Lemonn and SBI Securities.
Free account opening: Lemonn lists free account opening, while SBI Securities does not currently mention it.
Free AMC: Lemonn lists free Demat AMC, while SBI Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Lemonn lists flat brokerage pricing, while SBI Securities does not currently mention it.
Flexible brokerage plans: SBI Securities lists flexible brokerage plans, while Lemonn does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Lemonn lists free delivery trading, while SBI Securities does not currently mention it.
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: SBI Securities lists free research reports, while Lemonn does not currently mention it.
Free trading calls: SBI Securities lists free trading calls, while Lemonn does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: SBI Securities offers Upto Rs.700 per Client for referrals; Lemonn does not currently list a referral offer.
Lemonn vs SBI Securities — Comparison of Latest Offers
| Offer | Lemonn | SBI Securities |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Free for 1st Year, Rs 250+ Gst afterwards | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | No | Upto Rs.700 per Client |
| Margin Funding / Pledging | No | Yes |
| Brokerage Cashback | No | Yes |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, 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, mutual funds, commodity futures, commodity options, currency futures, currency options, banking services, insurance, corporate bonds, government bonds and bonds.
Lemonn vs SBI Securities — Complete Comparison of Products
| Product | Lemonn | SBI Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Lemonn and SBI Securities both list Demat services.
Trading services: Lemonn and SBI Securities both list trading services.
Intraday services: Lemonn and SBI Securities both list intraday trading services.
F&O services: Lemonn and SBI Securities both list F&O services.
IPO services: Lemonn and SBI Securities both list IPO services.
3-in-1 account: Lemonn and SBI Securities both list 3-in-1 account support.
Stock research: Lemonn and SBI Securities both list stock research.
Stock recommendations: Lemonn and SBI Securities both list stock recommendations.
Trading education: SBI Securities lists trading education, while Lemonn does not currently mention it.
Share pledging: Lemonn and SBI Securities both list share pledging.
PMS or PCG: Lemonn and SBI Securities both list PMS or PCG support.
NRI services: SBI Securities lists NRI services, while Lemonn does not currently mention it.
Lemonn 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.
Lemonn vs SBI Securities — In-Depth Comparison of Services
| Service | Lemonn | 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 | No | 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 Lemonn and SBI Securities.
Lemonn and SBI Securities — Detailed Comparison of Advisory Services
| Advisory | Lemonn | SBI Securities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes |
| Robo Advisory | Yes | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Lemonn and SBI Securities across different segments.
Lemonn and SBI Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Lemonn | SBI Securities |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | 2x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1X |
| Equity F&O Intraday | 2x | 1.3x |
| Commodity F&O Carry Forward | N/A | 1x |
| Commodity F&O Intraday | N/A | 1.3x |
| Currency F&O | N/A | 1x |
Lemonn and SBI Securities both list a sub-broker program. Lemonn and SBI Securities both list a partner program. Lemonn and SBI Securities both list a referral program.
Lemonn vs SBI Securities — Comparative Analysis of Programs
| Program | Lemonn | SBI Securities |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches.
Lemonn and SBI Securities — Comprehensive Comparison of Customer Support
| Support Channel | Lemonn | SBI Securities |
|---|---|---|
| Trading Support | +918035769929 | Available, Free |
| Dedicated Dealer | Available, Free | |
| Call Support | +918040011310 | 022-68545555 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | ||
| Website Support | https://lemonn.co.in/ | Website Link |
| Facebook Support | https://www.facebook.com/lemonnhq | Facebook Support Link |
| Twitter / X Support | https://twitter.com/LemonnHQ | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Lemonn carries an overall rating of 4/5, while SBI Securities carries an overall rating of 8.95 / 10.
Lemonn vs SBI Securities — Ratings Comparison
| Rating Parameter | Lemonn | SBI Securities |
|---|---|---|
| Overall Rating | 4/5 | 8.95 / 10 |
| Customer Support | 4/5 | 8.92 / 10 |
| Technology | 4/5 | 9.06 / 10 |
| Charges | 4/5 | 8.99 / 10 |
| Products & Services | 4/5 | 8.90 / 10 |
| Experience | 4/5 | 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.
Lemonn & SBI Securities — Comparison of Customer Complaints
| Complaint Metric | Lemonn | SBI Securities |
|---|---|---|
| Total Complaints Lodged | 182 | |
| Total Complaints Resolved | 162 | |
| % of Resolved Complaints | 89.01% | |
| Non-Actionable Complaints | 11 | |
| % of Non-Actionable Complaints | 6.04% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Lemonn and SBI Securities.
Lemonn vs SBI Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Lemonn | SBI Securities |
|---|---|---|
| Equity Delivery | ₹1500 per crore on buy orders | |
| Equity Intraday | ₹300 per crore on buy orders | |
| Equity Future | ₹200 per crore on buy orders | |
| Equity Option | ₹200 per crore on buy orders | |
| Commodity Future | - | |
| Commodity Option | - | |
| Currency Future | - | |
| Currency Option | - |
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.
Lemonn & SBI Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Lemonn | SBI Securities |
|---|---|---|
| Pledge Creation Charges | Rs 20 + GST per ISIN | |
| Pledge Invocation Charges | ₹50 per ISIN | |
| Margin Trading Interest | ₹20 |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Lemonn and SBI Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Lemonn | SBI Securities |
|---|---|---|
| SEBI Turnover Charges | 0.0001% | |
| DP Charges | Rs 20 | |
| GST | 18% on (transaction charges) | |
| Account Closure Charges | ||
| Reactivation Charges | ||
| Dematerialisation Charges | ||
| Call & Trade Charges | ₹50 per ISIN |
Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST. SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
Lemonn vs SBI Securities — Detailed Comparison of Demat Charges
| Demat Charges | Lemonn | SBI Securities |
|---|---|---|
| Account Opening Charges | Free | Rs.850 |
| Annual Maintenance Charges (AMC) | Rs 250+ GST | 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.
Lemonn vs SBI Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Lemonn | SBI Securities |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on the sell side | |
| Equity Future | 0.01% on the sell side | |
| Equity Option | 0.5% on sell side | |
| Commodity Future | - | |
| Commodity Option | - | |
| Currency Future | - | |
| Currency Option | - |
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.
Lemonn and SBI Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Lemonn | SBI Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |