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

Overview — SBI Securities vs. Zerodha

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.

Zerodha is listed as a Private Discount Broker established in 2010 with headquarters in Bangalore, India and founded by Nithin Kamath. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. 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.

Brokerage charges comparison — SBI Securities vs. Zerodha

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

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 Zerodha charges Free.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. SBI Securities charges 0.075% of Transaction Value while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).

Equity futures: This charge applies to futures contracts on stocks and indices. SBI Securities charges 0.05% of Transaction Value while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).

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

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. SBI Securities charges 0.05% of Transaction Value while Zerodha charges Rs.20 per Trade or 0.03% (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 Zerodha charges Rs.20 per Trade.

Currency futures: This charge allows participation in forex price movements on the exchange. SBI Securities charges 0.05% of Transaction Value while Zerodha charges Rs.20 per Trade or 0.03% (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 Zerodha charges Rs.20 per Trade.

Trading platforms comparison — SBI Securities vs. Zerodha

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

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

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

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

• Desktop trading terminal: SBI Securities lists a desktop trading terminal, while Zerodha does not currently mention it.

• Algo trading: Zerodha lists algo trading support, while SBI Securities does not currently mention it.

• Basket trading: SBI Securities and Zerodha both list basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: SBI Securities and Zerodha both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: SBI Securities and Zerodha both list a bonds investment platform.

SBI Securities vs. Zerodha — 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 Zerodha promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market 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 Zerodha offer this feature.

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

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

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

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. SBI Securities offers this; Zerodha does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. SBI Securities offers this; Zerodha does not currently highlight it.

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

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

• Multi profile management: Manage multiple trading profiles from a single account. SBI Securities offers this; Zerodha does not currently highlight it.

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

SBI Securities vs. Zerodha — 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 Zerodha.

• Free account opening: Neither broker currently highlights free account opening.

• Free AMC: Neither broker currently highlights free Demat AMC.

• Free brokerage: Zerodha lists free brokerage, while SBI Securities does not currently mention it.

• Flat brokerage: Zerodha lists flat brokerage pricing, while SBI Securities does not currently mention it.

• Flexible brokerage plans: SBI Securities lists flexible brokerage plans, while Zerodha does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Zerodha 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 Zerodha does not currently mention it.

• Free trading calls: SBI Securities lists free trading calls, while Zerodha 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 while Zerodha offers 10% + 300 Points per Client for referrals.

Offered products comparison — Zerodha 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 Zerodha 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 and bonds.

• Demat services: SBI Securities and Zerodha both list Demat services.

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

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

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

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

• 3-in-1 account: SBI Securities lists 3-in-1 account support, while Zerodha does not currently mention it.

• Stock research: SBI Securities lists stock research, while Zerodha does not currently mention it.

• Stock recommendations: SBI Securities lists stock recommendations, while Zerodha does not currently mention it.

• Trading education: SBI Securities and Zerodha both list trading education.

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

• PMS or PCG: SBI Securities lists PMS or PCG support, while Zerodha does not currently mention it.

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

Offered services comparison — SBI Securities vs. Zerodha

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

Stock advisory service comparison — SBI Securities vs. Zerodha

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 Zerodha.

Exposure comparison — SBI Securities vs. Zerodha

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

Comparison of programs — SBI Securities vs. Zerodha

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

Customer support comparison — SBI Securities vs. Zerodha

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

Ratings — SBI Securities vs. Zerodha

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 Zerodha carries an overall rating of 9.85 / 10.

Complaints — SBI Securities vs. Zerodha

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.

Transaction charges comparison — SBI Securities vs. Zerodha

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

Pledge charges comparison — SBI Securities vs. Zerodha

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.

Hidden charges comparison — SBI Securities vs. Zerodha

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — SBI Securities vs Zerodha

SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750. Zerodha lists account opening charges of Rs.200 – Rs.300 and Demat AMC of Rs.300 per Year.

SBI Securities vs Zerodha — 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.

Compare stamp duty — SBI Securities and Zerodha

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.

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