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

SBI Securities and Lemonn 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 Lemonn is listed as a Private Discount Broker , established in 2020 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 Lemonn is a better fit for your investment style, platform preference, and budget.

Overview — SBI Securities vs. Lemonn

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.

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. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds 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 customised recommendations. 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 Lemonn — A Comprehensive Company Overview

Company Overview SBI Securities Lemonn
Company TypePublicPrivate
Broker TypeDiscount BrokerDiscount Broker
HeadquartersMumbaiMumbai
FounderArun MehtaAshish Singhal, Govind Soni, & Vimal Sagar Tiwari
Establishment YearArun Mehta2020
Brokerage PlanStandard PlanStandard

Brokerage charges comparison — SBI Securities vs. Lemonn

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for SBI Securities and Lemonn.

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 Lemonn charges Rs 20 per executed order.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. SBI Securities charges 0.075% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity futures: This charge applies to futures contracts on stocks and indices. SBI Securities charges 0.05% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity options: This charge applies to equity option contracts. SBI Securities charges Rs.50 to Rs.100 per lot while Lemonn charges Rs 20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. SBI Securities charges 0.05% of Transaction Value . Lemonn does not currently list a charge for this segment.

Commodity options: This charge applies to option contracts on commodity instruments. SBI Securities charges Rs.50 to Rs.100 per lot . Lemonn does not currently list a charge for this segment.

Currency futures: This charge allows participation in forex price movements on the exchange. SBI Securities charges 0.05% of Transaction Value . Lemonn does not currently list a charge for this segment.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. SBI Securities charges Rs.20 to Rs.30 per lot . Lemonn does not currently list a charge for this segment.

SBI Securities vs Lemonn — Detailed Brokerage Comparison

Brokerage SBI Securities Lemonn
Brokerage PlanStandard PlanStandard
Subscription ChargesZeroZero
Equity Delivery0.50% of Transaction ValueRs 20 per executed order
Equity Intraday0.075% of Transaction ValueRs 20 per executed order
Equity Future0.05% of Transaction ValueRs 20 per executed order
Equity OptionRs.50 to Rs.100 per lotRs 20 per executed order
Commodity Future0.05% of Transaction ValueNot Available
Commodity OptionRs.50 to Rs.100 per lotNot Available
Currency Future0.05% of Transaction ValueNot Available
Currency OptionRs.20 to Rs.30 per lotNot Available

Trading platforms comparison — SBI Securities vs. Lemonn

SBI Securities provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Lemonn provides mobile app access, web trading and desktop terminal access for its users.

  • Android app: SBI Securities and Lemonn both list an Android trading app.

  • iOS app: SBI Securities and Lemonn both list an iOS trading app.

  • Web trading platform: SBI Securities and Lemonn both list a web trading platform.

  • Desktop trading terminal: SBI Securities and Lemonn 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: SBI Securities and Lemonn 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.

SBI Securities vs Lemonn — Complete Comparison of Trading Platforms

Trading Platform SBI Securities Lemonn
Android App SBI Securities Android App Link Download
iOS App SBI Securities iOS App Link Download
Web Trading Platform SBI Securities Web Trading Link Lemonn Trade
Trading Terminal Available Available
Algo Trading Platform NA Not Available
Foreign Stocks Platform NA Not Available
Basket Trading Platform Available Not Available
Mutual Fund Platform Available Available
Digital Gold Platform NA Not Available
Bonds Platform Available Not Available

SBI Securities vs. Lemonn — Comparison of trading features

SBI Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Lemonn promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. 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 Lemonn offer this feature.

  • Real time updates: Get timely updates on market trends, stock prices, and other market data. Both SBI Securities and Lemonn offer this feature.

  • Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both SBI Securities and Lemonn offer this feature.

  • Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both SBI Securities and Lemonn offer this feature.

  • Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both SBI Securities and Lemonn 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 SBI Securities and Lemonn offer this feature.

  • Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both SBI Securities and Lemonn offer this feature.

  • Live market: Live updates on market movements and trends. Both SBI Securities and Lemonn offer this feature.

  • Multi profile management: Manage multiple trading profiles from a single account. Both SBI Securities and Lemonn offer this feature.

  • Secure platform: A secure trading environment with next-generation security controls. Both SBI Securities and Lemonn offer this feature.

SBI Securities vs Lemonn — Comprehensive Comparison of Trading Features

Trading Feature SBI Securities Lemonn
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 No Yes
Stock Tips Yes Yes
Interactive Charts Yes Yes
Live Market Yes Yes
Multi Profile Management Yes Yes
Robust & Secure Platform Yes Yes

SBI Securities vs. Lemonn — 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 SBI Securities and Lemonn.

  • 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.

SBI Securities vs Lemonn — Comparison of Latest Offers

Offer SBI Securities Lemonn
Free Account Opening No Yes
Free AMC No Free for 1st Year, Rs 250+ Gst afterwards
Free Brokerage No No
Flat Brokerage No Yes
Flexible Brokerage Plans Yes No
Happy Trading Hours No No
Free Delivery Trading No Yes
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports Yes No
Free Trading Calls Yes No
Referral Offers Upto Rs.700 per Client No
Margin Funding / Pledging Yes No
Brokerage Cashback Yes No
Zero Brokerage for Loss-Making Trades No No

Offered products comparison — Lemonn vs. SBI Securities

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 Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.

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 and bonds.

SBI Securities vs Lemonn — Complete Comparison of Products

Product SBI Securities Lemonn
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes No
Commodity Future Yes No
Currency Option Yes No
Currency Future Yes No
Foreign Stocks No No
Mutual Funds Yes Yes
Banking Yes No
Insurance Yes No
Corporate Bonds Yes No
Government Bonds Yes No
Digital Gold No No
  • Demat services: SBI Securities and Lemonn both list Demat services.

  • Trading services: SBI Securities and Lemonn both list trading services.

  • Intraday services: SBI Securities and Lemonn both list intraday trading services.

  • F&O services: SBI Securities and Lemonn both list F&O services.

  • IPO services: SBI Securities and Lemonn both list IPO services.

  • 3-in-1 account: SBI Securities and Lemonn both list 3-in-1 account support.

  • Stock research: SBI Securities and Lemonn both list stock research.

  • Stock recommendations: SBI Securities and Lemonn both list stock recommendations.

  • Trading education: SBI Securities lists trading education, while Lemonn does not currently mention it.

  • Share pledging: SBI Securities and Lemonn both list share pledging.

  • PMS or PCG: SBI Securities and Lemonn both list PMS or PCG support.

  • NRI services: SBI Securities lists NRI services, while Lemonn does not currently mention it.

Offered services comparison — SBI Securities vs. Lemonn

SBI Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Lemonn offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.

SBI Securities vs Lemonn — In-Depth Comparison of Services

Service SBI Securities Lemonn
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 No

Stock advisory service comparison — SBI Securities vs. Lemonn

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 Lemonn.

SBI Securities and Lemonn — Detailed Comparison of Advisory Services

Advisory SBI Securities Lemonn
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 No Yes

Exposure comparison — SBI Securities vs. Lemonn

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from SBI Securities and Lemonn across different segments.

SBI Securities and Lemonn — Comprehensive Comparison of Trading Exposure

Exposure SBI Securities Lemonn
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) 2x
Equity F&O Carry Forward 1X 1x
Equity F&O Intraday 1.3x 2x
Commodity F&O Carry Forward 1x N/A
Commodity F&O Intraday 1.3x N/A
Currency F&O 1x N/A

Comparison of programs — SBI Securities vs. Lemonn

SBI Securities and Lemonn both list a sub-broker program. SBI Securities and Lemonn both list a partner program. SBI Securities and Lemonn both list a referral program.

SBI Securities vs Lemonn — Comparative Analysis of Programs

Program SBI Securities Lemonn
Sub-Broker ProgramYesYes
Partner ProgramYesYes
Referral ProgramYesYes

Customer support comparison — SBI Securities vs. Lemonn

SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. SBI Securities operates Available branches.

SBI Securities and Lemonn — Comprehensive Comparison of Customer Support

Support Channel SBI Securities Lemonn
Trading SupportAvailable, Free+918035769929
Dedicated DealerAvailable, Free
Call Support022-68545555+918040011310
Email Support[email protected][email protected]
WhatsApp Support
Website SupportWebsite Linkhttps://lemonn.co.in/
Facebook SupportFacebook Support Linkhttps://www.facebook.com/lemonnhq
Twitter / X SupportTwitter Support Linkhttps://twitter.com/LemonnHQ
Telegram SupportTelegram Support Link
Branches / OfficesAvailable

Ratings — SBI Securities vs. Lemonn

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 Lemonn carries an overall rating of 4/5.

SBI Securities vs Lemonn — Ratings Comparison

Rating Parameter SBI Securities Lemonn
Overall Rating 8.95 / 10 4/5
Customer Support 8.92 / 10 4/5
Technology 9.06 / 10 4/5
Charges 8.99 / 10 4/5
Products & Services 8.90 / 10 4/5
Experience 8.88 / 10 4/5

Complaints — SBI Securities vs. Lemonn

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 & Lemonn — Comparison of Customer Complaints

Complaint Metric SBI Securities Lemonn
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 — SBI Securities vs. Lemonn

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for SBI Securities and Lemonn.

SBI Securities vs Lemonn — Detailed Comparison of Transaction Charges

Transaction Charges SBI Securities Lemonn
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 — SBI Securities vs. Lemonn

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 & Lemonn — Comprehensive Comparison of Pledge Charges

Pledge Charge SBI Securities Lemonn
Pledge Creation Charges Rs 20 + GST per ISIN
Pledge Invocation Charges ₹50 per ISIN
Margin Trading Interest ₹20

Hidden charges comparison — SBI Securities vs. Lemonn

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 Lemonn — Detailed Comparison of Hidden / Other Charges

Charge SBI Securities Lemonn
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 — SBI Securities vs Lemonn

SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750. Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST.

SBI Securities vs Lemonn — Detailed Comparison of Demat Charges

Demat Charges SBI Securities Lemonn
Account Opening ChargesRs.850Free
Annual Maintenance Charges (AMC)Rs.750Rs 250+ GST

SBI Securities vs Lemonn — 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.

SBI Securities vs Lemonn — Comparative Analysis of STT and CTT Charges

STT & CTT SBI Securities Lemonn
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 — SBI Securities and Lemonn

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 Lemonn — Comparison of Stamp Duty Charges

Stamp Duty SBI Securities Lemonn
Equity Delivery
Equity Intraday
Equity Future
Equity Option
Commodity Future
Commodity Option
Currency Future
Currency Option

User experience: buying stocks

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.

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.

Frequently Asked Questions


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. Compare brokerage, account charges, features, and support tables above before choosing.

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. Review segment-wise pricing, platform access, and service availability before selecting a broker.

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

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

Which is better, Lemonn vs. SBI Securities?
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 SBI Securities and Lemonn side by side before opening an account.

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

What is the account opening charge for SBI Securities vs Lemonn?
SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750. Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST.

SBI Securities Broker Comparison with Top Stock Brokers in India (2026)

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