SBI Securities and HDFC SKY are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. SBI Securities is listed as a Public Discount Broker , established in Arun Mehta and headquartered in Mumbai, while HDFC SKY is listed as a Private Discount Broker , established in 2023 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 SBI Securities or HDFC SKY is a better fit for your investment style, platform preference, and budget.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. The broker highlights access to 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 and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Standard Plan brokerage structure.
HDFC SKY is listed as a Private Discount Broker established in 2023 with headquarters in Mumbai and founded by Dhiraj Relli. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Standard.
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.
SBI Securities vs HDFC SKY — A Comprehensive Company Overview
| Company Overview | SBI Securities | HDFC SKY |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Arun Mehta | Dhiraj Relli |
| Establishment Year | Arun Mehta | 2023 |
| Brokerage Plan | Standard Plan | Standard |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for SBI Securities and HDFC SKY.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. SBI Securities charges 0.50% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. SBI Securities charges 0.075% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. SBI Securities charges 0.05% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Equity options: This charge applies to equity option contracts. SBI Securities charges Rs.50 to Rs.100 per lot while HDFC SKY charges Rs.20 per Order.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. SBI Securities charges 0.05% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. SBI Securities charges Rs.50 to Rs.100 per lot while HDFC SKY charges Rs.20 per Order.
Currency futures: This charge allows participation in forex price movements on the exchange. SBI Securities charges 0.05% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. SBI Securities charges Rs.20 to Rs.30 per lot while HDFC SKY charges Rs.20 per order.
SBI Securities vs HDFC SKY — Detailed Brokerage Comparison
| Brokerage | SBI Securities | HDFC SKY |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.50% of Transaction Value | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Intraday | 0.075% of Transaction Value | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Future | 0.05% of Transaction Value | Rs.20 per Order or 0.01% (whichever is low) |
| Equity Option | Rs.50 to Rs.100 per lot | Rs.20 per Order |
| Commodity Future | 0.05% of Transaction Value | Rs.20 per Order or 0.01% (whichever is low) |
| Commodity Option | Rs.50 to Rs.100 per lot | Rs.20 per Order |
| Currency Future | 0.05% of Transaction Value | Rs.20 per Order or 0.01% (whichever is low) |
| Currency Option | Rs.20 to Rs.30 per lot | Rs.20 per order |
SBI Securities provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. HDFC SKY provides mobile app access and web trading for its users.
Android app: SBI Securities and HDFC SKY both list an Android trading app.
iOS app: SBI Securities and HDFC SKY both list an iOS trading app.
Web trading platform: SBI Securities and HDFC SKY 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: SBI Securities and HDFC SKY both list basket trading.
Foreign stocks platform: HDFC SKY lists foreign stocks access, while SBI Securities does not currently mention it.
Mutual fund platform: SBI Securities and HDFC SKY both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities and HDFC SKY both list a bonds investment platform.
SBI Securities vs HDFC SKY — Complete Comparison of Trading Platforms
| Trading Platform | SBI Securities | HDFC SKY |
|---|---|---|
| Android App | SBI Securities Android App Link | HDFC SKY Android App Link |
| iOS App | SBI Securities iOS App Link | HDFC SKY iOS App Link |
| Web Trading Platform | SBI Securities Web Trading Link | HDFC SKY Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | Available |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | Available | Available |
SBI Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while HDFC SKY promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. 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 SBI Securities and HDFC SKY offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both SBI Securities and HDFC SKY offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both SBI Securities and HDFC SKY offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both SBI Securities and HDFC SKY offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both SBI Securities and HDFC SKY 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 SBI Securities and HDFC SKY offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both SBI Securities and HDFC SKY offer this feature.
Live market: Live updates on market movements and trends. Both SBI Securities and HDFC SKY 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 SBI Securities and HDFC SKY offer this feature.
SBI Securities vs HDFC SKY — Comprehensive Comparison of Trading Features
| Trading Feature | SBI Securities | HDFC SKY |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | No | Yes |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| 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 SBI Securities and HDFC SKY.
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: SBI Securities and HDFC SKY both list free research reports.
Free trading calls: SBI Securities and HDFC SKY both list free trading calls.
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 while HDFC SKY offers Rs.200 per Client for referrals.
SBI Securities vs HDFC SKY — Comparison of Latest Offers
| Offer | SBI Securities | HDFC SKY |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | Yes, Limited |
| Free Brokerage | No | No |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | No |
| 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 | Upto Rs.700 per Client | Rs.200 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | Yes | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. SBI Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while HDFC SKY 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, mutual funds, banking services, insurance, corporate bonds, government bonds, bonds and foreign stocks.
SBI Securities vs HDFC SKY — Complete Comparison of Products
| Product | SBI Securities | HDFC SKY |
|---|---|---|
| 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 | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | Yes | Yes |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: SBI Securities and HDFC SKY both list Demat services.
Trading services: SBI Securities and HDFC SKY both list trading services.
Intraday services: SBI Securities and HDFC SKY both list intraday trading services.
F&O services: SBI Securities and HDFC SKY both list F&O services.
IPO services: SBI Securities and HDFC SKY both list IPO services.
3-in-1 account: SBI Securities and HDFC SKY both list 3-in-1 account support.
Stock research: SBI Securities and HDFC SKY both list stock research.
Stock recommendations: SBI Securities and HDFC SKY both list stock recommendations.
Trading education: SBI Securities lists trading education, while HDFC SKY does not currently mention it.
Share pledging: SBI Securities and HDFC SKY both list share pledging.
PMS or PCG: SBI Securities and HDFC SKY both list PMS or PCG support.
NRI services: SBI Securities and HDFC SKY both list NRI services.
SBI Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while HDFC SKY offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
SBI Securities vs HDFC SKY — In-Depth Comparison of Services
| Service | SBI Securities | HDFC SKY |
|---|---|---|
| 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 | Yes, Investor Sarathi | No |
| 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 SBI Securities and HDFC SKY.
SBI Securities and HDFC SKY — Detailed Comparison of Advisory Services
| Advisory | SBI Securities | HDFC SKY |
|---|---|---|
| Fundamental Reports | Yes | Yes, Chargeable |
| Research Reports | Yes | Yes, Chargeable |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes, Chargeable |
| Daily Top Stock Picks | Yes | Yes, Chargeable |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes, Chargeable |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from SBI Securities and HDFC SKY across different segments.
SBI Securities and HDFC SKY — Comprehensive Comparison of Trading Exposure
| Exposure | SBI Securities | HDFC SKY |
|---|---|---|
| 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 |
SBI Securities and HDFC SKY both list a sub-broker program. SBI Securities and HDFC SKY both list a partner program. SBI Securities and HDFC SKY both list a referral program.
SBI Securities vs HDFC SKY — Comparative Analysis of Programs
| Program | SBI Securities | HDFC SKY |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. HDFC SKY provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches.
SBI Securities and HDFC SKY — Comprehensive Comparison of Customer Support
| Support Channel | SBI Securities | HDFC SKY |
|---|---|---|
| Trading Support | Available, Free | Available, Free |
| Dedicated Dealer | Available, Free | Available, Free |
| Call Support | 022-68545555 | 022-68494702 |
| 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 | Available | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. SBI Securities carries an overall rating of 8.95 / 10, while HDFC SKY carries an overall rating of 9.10 / 10.
SBI Securities vs HDFC SKY — Ratings Comparison
| Rating Parameter | SBI Securities | HDFC SKY |
|---|---|---|
| Overall Rating | 8.95 / 10 | 9.10 / 10 |
| Customer Support | 8.92 / 10 | 9.16 / 10 |
| Technology | 9.06 / 10 | 9.11 / 10 |
| Charges | 8.99 / 10 | 9.53 / 10 |
| Products & Services | 8.90 / 10 | 9.24 / 10 |
| Experience | 8.88 / 10 | 8.42 / 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.
SBI Securities & HDFC SKY — Comparison of Customer Complaints
| Complaint Metric | SBI Securities | HDFC SKY |
|---|---|---|
| Total Complaints Lodged | 182 | 6 |
| Total Complaints Resolved | 162 | 6 |
| % of Resolved Complaints | 89.01% | 100% |
| Non-Actionable Complaints | 11 | 0 |
| % of Non-Actionable Complaints | 6.04% | 0% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for SBI Securities and HDFC SKY.
SBI Securities vs HDFC SKY — Detailed Comparison of Transaction Charges
| Transaction Charges | SBI Securities | HDFC SKY |
|---|---|---|
| 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.
SBI Securities & HDFC SKY — Comprehensive Comparison of Pledge Charges
| Pledge Charge | SBI Securities | HDFC SKY |
|---|---|---|
| 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.
SBI Securities and HDFC SKY — Detailed Comparison of Hidden / Other Charges
| Charge | SBI Securities | HDFC SKY |
|---|---|---|
| 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 |
SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750. HDFC SKY lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free).
SBI Securities vs HDFC SKY — Detailed Comparison of Demat Charges
| Demat Charges | SBI Securities | HDFC SKY |
|---|---|---|
| Account Opening Charges | Rs.850 | Free |
| Annual Maintenance Charges (AMC) | Rs.750 | Rs.300 per Year (1st Year Free) |
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.
SBI Securities vs HDFC SKY — Comparative Analysis of STT and CTT Charges
| STT & CTT | SBI Securities | HDFC SKY |
|---|---|---|
| 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.
SBI Securities and HDFC SKY — Comparison of Stamp Duty Charges
| Stamp Duty | SBI Securities | HDFC SKY |
|---|---|---|
| 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 |