Lemonn vs SBI Securities – Compare Charges, Trading Features, Offers & More

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.

Overview — Lemonn vs. SBI Securities

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 TypePrivatePublic
Broker TypeDiscount BrokerDiscount Broker
HeadquartersMumbaiMumbai
FounderAshish Singhal, Govind Soni, & Vimal Sagar TiwariArun Mehta
Establishment Year2020Arun Mehta
Brokerage PlanStandardStandard Plan

Brokerage charges comparison — Lemonn vs. SBI Securities

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 PlanStandardStandard Plan
Subscription ChargesZeroZero
Equity DeliveryRs 20 per executed order0.50% of Transaction Value
Equity IntradayRs 20 per executed order0.075% of Transaction Value
Equity FutureRs 20 per executed order0.05% of Transaction Value
Equity OptionRs 20 per executed orderRs.50 to Rs.100 per lot
Commodity FutureNot Available0.05% of Transaction Value
Commodity OptionNot AvailableRs.50 to Rs.100 per lot
Currency FutureNot Available0.05% of Transaction Value
Currency OptionNot AvailableRs.20 to Rs.30 per lot

Trading platforms comparison — Lemonn vs. SBI Securities

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 vs. SBI Securities — Comparison of trading features

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

Lemonn vs. SBI Securities — Comparison of offers

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

Offered products comparison — SBI Securities vs. Lemonn

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.

Offered services comparison — Lemonn vs. SBI Securities

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 service comparison — Lemonn vs. SBI Securities

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

Exposure comparison — Lemonn vs. SBI Securities

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

Comparison of programs — Lemonn vs. SBI Securities

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 ProgramYesYes
Partner ProgramYesYes
Referral ProgramYesYes

Customer support comparison — Lemonn vs. SBI Securities

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+918035769929Available, Free
Dedicated DealerAvailable, Free
Call Support+918040011310022-68545555
Email Support[email protected][email protected]
WhatsApp Support
Website Supporthttps://lemonn.co.in/Website Link
Facebook Supporthttps://www.facebook.com/lemonnhqFacebook Support Link
Twitter / X Supporthttps://twitter.com/LemonnHQTwitter Support Link
Telegram SupportTelegram Support Link
Branches / OfficesAvailable

Ratings — Lemonn vs. SBI Securities

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

Complaints — Lemonn vs. SBI Securities

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 comparison — Lemonn vs. SBI Securities

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 charges comparison — Lemonn vs. SBI Securities

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

Hidden charges comparison — Lemonn vs. SBI Securities

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

Compare Demat charges — Lemonn vs SBI Securities

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 ChargesFreeRs.850
Annual Maintenance Charges (AMC)Rs 250+ GSTRs.750

Lemonn vs SBI Securities — Compare STT & CTT

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 -

Compare stamp duty — Lemonn and SBI Securities

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

User experience: buying stocks

Lemonn — User Trading Experience

  • Account Opening Experience: Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST.
  • Platform & Order Execution: Lemonn provides mobile app access, web trading and desktop terminal access for market access and order execution.
  • Brokerage Transparency: Key charges include equity intraday brokerage of Rs 20 per executed order and equity delivery charges of Rs 20 per executed order. The broker follows a Standard brokerage structure.
  • Trading Tools & Features: The broker highlights watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations to support research, monitoring, and execution.
  • Research & Investment Access: Available products may include equity delivery, equity intraday, equity futures, equity options and mutual funds.
  • Customer Support: Support options listed for Lemonn include trading desk support, call support, email support, website support and Facebook support.
  • Overall Rating: Lemonn carries an overall rating of 4/5.
  • Overall Fit: Lemonn may suit investors who want Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support through mobile app access, web trading and desktop terminal access.

SBI Securities — User Trading Experience

  • Account Opening Experience: SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
  • Platform & Order Execution: SBI Securities provides mobile app access, web trading and desktop terminal access for market access and order execution.
  • Brokerage Transparency: Key charges include equity intraday brokerage of 0.075% of Transaction Value and equity delivery charges of 0.50% of Transaction Value. The broker follows a Standard Plan brokerage structure.
  • Trading Tools & Features: The broker highlights watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips to support research, monitoring, and execution.
  • Research & Investment Access: Available products may include equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
  • Customer Support: Support options listed for SBI Securities include trading desk support, dedicated dealer assistance, call support, email support and website support.
  • Overall Rating: SBI Securities carries an overall rating of 8.95 / 10.
  • Overall Fit: SBI Securities may suit investors who want Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support through mobile app access, web trading and desktop terminal access.

Frequently Asked Questions


Is Lemonn better than SBI Securities?
Lemonn may suit traders looking for equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access, while SBI Securities may appeal to investors who prefer equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures and mobile app access, web trading and desktop terminal access. Compare brokerage, account charges, features, and support tables above before choosing.

Is SBI Securities better than Lemonn?
SBI Securities may suit traders looking for equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access, while Lemonn may appeal to investors who prefer equity delivery, equity intraday, equity futures, equity options and mutual funds and mobile app access, web trading and desktop terminal access. Review segment-wise pricing, platform access, and service availability before selecting a broker.

Is Lemonn cheaper than SBI Securities?
The lower-cost option depends on the segment you trade most. Compare equity delivery (Rs 20 per executed order vs 0.50% of Transaction Value), intraday (Rs 20 per executed order vs 0.075% of Transaction Value), options (Rs 20 per executed order vs Rs.50 to Rs.100 per lot), and AMC (Rs 250+ GST vs Rs.750) before deciding.

Is SBI Securities cheaper than Lemonn?
Pricing should be checked segment by segment. Review delivery, intraday, F&O, currency, commodity, and Demat charges in the tables above to see whether SBI Securities or Lemonn is more cost-effective for your trading style.

Which is better, SBI Securities vs. Lemonn?
The better broker is the one that fits your needs on brokerage, Demat charges, products, platforms, service availability, ratings, and support. This comparison page helps you evaluate Lemonn and SBI Securities side by side before opening an account.

What segments does Lemonn support?
Lemonn supports equity delivery, equity intraday, equity futures and equity options.

What segments does SBI Securities support?
SBI Securities supports equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures and currency options.

What is the account opening charge for Lemonn vs SBI Securities?
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 Broker Comparison with Top Stock Brokers in India (2026)

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