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IDBI Direct Vs SBICAP Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of SBICAP Securities ranges between .05 to 0.50%. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to SBICAP Securities. IDBI Direct is rated only 3.5 out of 5 where SBICAP Securities is rated 4 out of 5. Number of active customer for SBICAP Securities is 8,30,820 where number of active customer for IDBI Direct is 54,478. SBICAP Securities is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs SBICAP Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs SBICAP Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs SBICAP Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs SBICAP Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs SBICAP Securities on Service

  IDBI Direct Compare
IDBI Direct
SBICAP Securities Compare
SBICAP Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 54,478 8,30,820
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...Know more about SBICAP Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs SBICAP Securities on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with SBICAP Securities on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where SBICAP Securities charges Rs 850 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where SBICAP Securities charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with SBICAP Securities
Charges IDBI Direct SBICAP Securities
Trading Account Opening Fees Free Rs 850
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs SBICAP Securities on Plan Options

Plans are the most important feature you look when compare IDBI Direct with SBICAP Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with SBICAP Securities on Plan Options
Plan Types IDBI Direct SBICAP Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs SBICAP Securities on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

Brokerage Charges - Compare IDBI Direct with SBICAP Securities
Brokerage Charges Compare IDBI Direct SBICAP Securities
Plan Name Flat Brokerage PLan Standard or default brokerage plan
Equity Delivery 0.20% 0.50%
Equity Intraday 0.02% 0.05%
Equity Futures Flat Rs 15 per order 0.05%
Equity Options Flat Rs 15 per order Rs 100 Per Lot
Currency Futures Flat Rs 15 per order 0.03%
Currency Options Flat Rs 15 per order Rs 30 Per Lot
Commodity Trading NA Rs. 100 per lot
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 0.05 for Cash, Rs 0.01 Future
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Free Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call.
Auto Square off Charges NA First Free 30 per month, after Rs 10 per square-off
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for SBICAP Securities
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Share Broker's Transaction Charges

Compare IDBI Direct vs SBICAP Securities on Transaction Charges

Compare IDBI Direct with SBICAP Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with SBICAP Securities
Transaction Charges Compare IDBI Direct SBICAP Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for sbicap-securities
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Account Features

Compare IDBI Direct vs SBICAP Securities on Account Features

Compare IDBI Direct with SBICAP Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - IDBI Direct offers a margin funding where SBICAP Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with SBICAP Securities
Account Features Compare IDBI Direct SBICAP Securities
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Trading software terminal: ODIN Diet
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Trading Platform

Compare IDBI Direct vs SBICAP Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and SBICAP Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with SBICAP Securities
Trading Platform Compare IDBI Direct SBICAP Securities
Desktop Trading Platform Infinity SBISMART XPRESS - NextTrader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://login1.sbismart.com/nidp/app/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App SBISMART
Mobile Trading App Demo Info Not Available SBISMART Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod SBISMART Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS SBISMART Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for SBICAP Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for SBICAP Securities
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for SBICAP Securities
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for sbicap-securities

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Broker Ratings by Users

Compare IDBI Direct vs SBICAP Securities on User Rating

  IDBI Direct SBICAP Securities
  31 Customer Reviews    Rate IDBI Direct 78 Customer Reviews    Rate SBICAP Securities
Fees Ratings 3.0 3.3
Trading Brokerage Rating 2.5 3.1
Trading Platform Usability 2.6 2.8
Customer Service Ratings 2.7 2.7
Overall Ratings 2.7 2.7
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews
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Investment Offerings

Compare IDBI Direct vs SBICAP Securities on Investment Offerings

Compare IDBI Direct with SBICAP Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with SBICAP Securities
Investment Offerings Compare IDBI Direct SBICAP Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs SBICAP Securities on Order Types

Order Type - Compare IDBI Direct with SBICAP Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with SBICAP Securities
Order Type Compare IDBI Direct SBICAP Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs SBICAP Securities on Customer Service

Compare IDBI Direct with SBICAP Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with SBICAP Securities
Customer Service Compare IDBI Direct SBICAP Securities
24/7 Customer Service IDBI Direct vs SBICAP Securities - 24x7 customer support No No
Email Support IDBI Direct vs SBICAP Securities - Email Support Yes Yes
Onine Live Chat IDBI Direct vs SBICAP Securities - Onine Live Chat No No
Phone Support IDBI Direct vs SBICAP Securities - Phone Support Yes Yes
Toll Free Number IDBI Direct vs SBICAP Securities - Toll Free Number Yes Yes
Through Branches IDBI Direct vs SBICAP Securities - Through Branches Yes Yes
Customer Care Number IDBI Direct vs SBICAP Securities - Customer Care Number 022-3913 5001 022 6854 5555
Account Opening Process IDBI Direct vs SBICAP Securities - Account Opening Process Info Not Available Offline
Customer Support Email IDBI Direct vs SBICAP Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs SBICAP Securities - Knowledge Center/Education Info Not Available https://www.sbismart.com/education
Head Office Address IDBI Direct vs SBICAP Securities - Head Office Address/Corporate Address Info Not Available SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Website IDBI Direct vs SBICAP Securities - Company Website https://www.idbidirect.in/ https://www.sbismart.com
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Tips/Research/Reports Published

Compare IDBI Direct vs SBICAP Securities on Research Reports, Tips

Compare IDBI Direct with SBICAP Securities on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with SBICAP Securities
  IDBI Direct SBICAP Securities
Research Mutual Funds IDBI Direct vs SBICAP Securities - Research Mutual Funds Yes Yes
Research Equity Reports IDBI Direct vs SBICAP Securities - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs SBICAP Securities - Research ETF Yes Yes
Daily Market Report IDBI Direct vs SBICAP Securities - Daily Market Report Yes Yes
Free Tips IDBI Direct vs SBICAP Securities - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs SBICAP Securities - Quarterly Results Yes Yes
News Alerts IDBI Direct vs SBICAP Securities - Yes Yes
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Demat Account

Compare IDBI Direct vs SBICAP Securities on Demat Account

Compare IDBI Direct with SBICAP Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for SBICAP Securities is ₹500 where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with SBICAP Securities
  IDBI Direct SBICAP Securities
DP Source CDSL CDSL
DP ID IDBI Direct vs SBICAP Securities - DP ID No 19300
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹500
Advance Deposit NO 0 for all
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.01% of the transaction value (Min ₹21 and Max ₹300)
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹35 per certificate + CDSL Charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Creation Confirmation Nil 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Failed Instruction Charges Nil ₹10
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs SBICAP Securities on Special Offers and Promotion

Compare IDBI Direct with SBICAP Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs SBICAP Securities on Special Offers and Promotion
  IDBI Direct SBICAP Securities
Pay In and Pay Out Options IDBI Direct vs SBICAP Securities - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs SBICAP Securities - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct vs SBICAP Securities - Bank Supported and Charges Info Not Available Direct to SBI Bank.
Bank Detail Info Not Available Direct to SBI bank account
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00