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SBICAP Securities Review 2024

Rated 4/5 by InvestorGain Team
Last updated on: 13-Sep-2023
SBICAP Securities Ltd Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

SBICAP Securities Review 2024 - Quick Summary

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 offerings, and online as well as offline customer assistance via 125+ branches are the reasons to trade with SBI Securities.


SBICAP Securities Top Highlight for 2024

  • A part of India’s largest SBI Banking group.
  • Invest in a complete suite of asset classes under one roof.
  • Diversified customer base; retail customers, HNI clients, and institutional.
  • Open instant SBI Securities 3-in-1 Account (Demat + Trading + SBI Bank A/c) at zero paperwork.
  • Simplified trading journey with user-friendly mobile app and web platform.
  • 125+ physical branch offices, and dedicated relationship managers.
  • 1000+ field forces offering doorstep services.
  • Get free trading tips, research, & advisory services.

About SBICAP Securities

SBI Securities, a part of India’s leading SBI banking group, is a full-service brokerage firm. The broker offers online trading in equity, derivatives, commodities, and currency segments, and also offers other products such as IPO, bonds, mutual funds, insurance, and loans.

Open a 3-in-1 account with SBI Securities, a combined platform of SBI Securities Demat & Trading account and SBI Bank account. The 3-in-1 account integrates your SBI bank savings account to your trading account, to help you transfer funds instantly. It also allows NRI clients to open an NRI Trading & Demat account.

Experience the ease of simplified trading & investing journey with user-friendly SBI Securities web and app-based trading platforms. These platforms have all the required features including multiple customized watchlists, instant buy and sell order placement, portfolio tracking, UPI fund transfer, and more.

SBI Securities customers can access free-of-cost research reports including stocks fundamental and technical research, derivative trading research, currency market report, sector-specific reports, and mutual fund research reports.

The broker provides online and offline customer assistance via 125+ branches, relationship managers, and financial advisors. Read more about the SBI Securities Review 2023 including account opening charges, brokerage charges, trading platforms, margin/exposure, customer care number, and more.

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SBICAP Securities Brokerage Charges - 2024

Brokerage and Commission Rated 3/5

SBI Securities charges a fixed percentage of brokerage ranges from 0.05% to 0.50% on trading across segments. The percentage brokerage structure charges high brokerage fee than discount brokerage firms like Zerodha, Upstox, etc.

SBICAP Securities Account Opening and AMC Charges

Trading Account Opening Charges: Rs 850
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 500 PA

SBICAP Securities Brokerage Plan with closest competitors

Here we are comparing SBICAP Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SBICAP Securities 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to 0.50% Rs 20 Rs 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery 0.50% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.05% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Rs. 100 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.03% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 30 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating

Other Charges

  • Call & Trade Charges: Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call.
  • RMS Auto Square Off Charges: First Free 30 per month, after Rs 10 per square-off
  • Hidden Charges: NA

Visit SBICAP Securities Brokerage Charges page to check plans, fees, and taxes.

Use SBICAP Securities Brokerage Calculator to know the exact brokerage charges applicable.


Investment Offerings - SBICAP Securities 2024

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

Type of Account offered by SBICAP Securities

The bank-based full-service brokerage house allows residents as well as NRI clients to open a 3-in-1 account and transact seamlessly across multiple trading segments with instant & secure fund transfers.

SBICAP Securities 3-in-1 Account

Indian citizens can open a 3-in-1 account with SBI Securities which is an integrated account of SBI Demat + Trading + SBI Bank Account. The full-service broker facilitates online and offline account opening services via any of the nearest branches.

Top reasons to open SBI Securities 3-in-1 account;

  • Trade and invest on BSE, NSE, and MCX.
  • Seamless transactions with a unified 3-in-1 account.
  • Invest in bonds, pension schemes, mutual funds, and fixed deposit products.
  • Get trading tips, research, and advisory services.
  • E-margin facility.

SBICAP Securities NRI Trading Account

  • NRIs can open a Demat & Trading account with SBI Securities, and link it with their SBI NRE or NRO Bank account. NRI 3-in-1 allows customers to access to the SBICap Securities mobile app and web platform to invest in Indian stocks, IPO, mutual funds, and FD products. Foreign national citizens in the UK, US, Canada, and Japan cannot open SBI Securities NRI trading accounts.

How to open SBICAP Securities Account online?

Open a 100% paperless trading & demat account in SBI Securities for free at zero charges. The online process saves time with an instant account opening journey in just 15 minutes.

Steps to open SBI Securities Demat & Trading Account;

  1. Head to the SBI Securities website.
  2. On the top right side, click on the “Open an Account”
  3. Enter your name, Email ID, and mobile number, and verify it with OTP.
  4. Enter a valid PAN number, and birth date as per the PAN card.
  5. Provide your address details.
  6. Provide additional info such as marital status, gender, experience, etc.
  7. Add bank account number, IFSC code, etc.
  8. Select segments you wish to trade in among equity, F&O, commodity, and currency.
  9. Upload documents like PAN card, address proof, signature specimen, etc.
  10. Go through the IPV process and finally, E-sign the account opening form.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to SBICAP Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

SBICAP Securities Mobile App and Trading Platforms

Trading Platforms Rated 4.5/5
Trading Platform - SBICAP Securities 2024
Trading Platform SBICAP Securities
Mobile Trading App SBISMART
Web Trading Platform Yes
Android Mobile App Yes
Android App Download Andriod SBISMART Download
iPhone Mobile App (IOS) Yes
iOS App Download iOS SBISMART Download
Web Trading Detail

https://login1.sbismart.com/nidp/app/login

Mobile Site No
Trading Software Charges Free
Brokerage Calculator Brokerage Calculator for SBICAP Securities
Detail Detail on Trading Platforms for sbicap-securities

The full-service broking app offers a high-speed performance mobile trading app and a trading website to trade on any device for seamless trading and investment experience. However, the broker does not have any installable desktop trading terminal for passionate traders. Let’s read a quick review of the SBICap Securities mobile app and trading platforms;

SBICAP Securities Mobile Trading App

  • SBI Securities has an intuitive design-based advanced mobile trading app with exciting features and functionalities. You can create multiple watchlists, place one-tap buy or sell orders, track real-time portfolio, get an e-margin facility at 0% interest rates, and transfer funds instantly using UPI and Net-banking. The mobile app provides advanced charting tools with multiple technical indicators for traders.
  • The app has a fast, easy, & secured biometric login feature using fingerprint, face ID, or MPIN. Download the SBICap Securities App on the Play Store and the App Store, and start simplified trading & investing journey.

SBICAP Securities Web Trading Platform

  • SBI Securities has a simple, and easy-to-use browser-accessible web trading platform. The simple, smart, and intuitive web platform is a one-stop destination to trade or invest across products, track real-time market movement, place orders at one tap, manage the portfolio, and get trading tips & research recommendations.
  • The web platform also has many unique products like E-margin, Equity SIP, Good Till Date (GTD) orders, and exhaustive reports on your portfolio.

For detail review of mobile app and download please visit SBICAP Securities Trading Platform Review.


SBICAP Securities Trading Pros

  • 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.

SBICAP Securities Trading Cons

  • 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.

SBICAP Securities Customer Care info

SBI Securities caters to a diversified customer base including retail clients, HNI customers, corporate institutions, etc. The broker follows a customer-oriented approach to deliver a great experience. Customer service can be accessed via multiple channels; email, helpline number, 225+ physical branches, Ask Mitra chatbot, web form via raising a ticket, and FAQs.

It has a dedicated trading and demat-account-related customer service email. To ensure every query’s resolution, SBI Securities maintains a 4-level service channel, wherein if your query raised is not resolved within the prescribed timeline then you can raise it at level 2, and so on.

You can call SBI Securities customer care executives from 8:45 AM to 5:30 PM, thus, 24*7 customer service is not available.


Final thought about SBICAP Securities

Rated 4/5 by 78 users

SBI Securities, being a fully registered subsidiary of SBI Banking Group develops a strong sense of trustworthiness among customers to open a trading & demat account. A wide range of trading and investment products, a satisfactory mobile trading app and a trading website, a good offline presence, and a comprehensive range of research services make it an excellent full-service broker, but, if you are a beginner and brokerage is your key concern then it is advisable to open an account with the best discount broker with the cheapest flat brokerage and user-friendly platforms like Zerodha, Prostocks, Espresso Sharekhan.

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Last updated on: 2023-09-13

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SBICAP Securities Ltd User Reviews

20. Hareesh Mar 08 2022 12:41:01 AM Reply
Customer service /complaint redressal poor

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Average
19. Tanmoy Feb 26 2022 07:23:34 AM Reply
Best broker as my experience. India's most trusted and customer friendly organisation. RM facility is excellent. Back office service excellent.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
18. Sashi Kumar Nair Jun 07 2021 09:01:29 AM Reply
only fools can be associated with sbi

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
17. Pradeep shetty May 22 2020 10:44:43 AM Reply
One of the worst stock market broker in India , Brokerage charges are high , the people who work for them are real stupids no knowledge about stock market/// Lost money and peace with SBI cap

Please stay away from this broker
16. Anurag Dwivedi May 11 2020 11:18:21 AM Reply
Very pathetic experience with SBIDEMAT

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
15. Abhishek Mohan Mar 24 2020 06:14:26 PM Reply
I am having 30000 INR and I want to invest it in us market how and what should I do please help??
14. Bidyadhar Kuanr Mar 17 2019 03:09:16 PM Reply
Please intimate why debited Rs. 590 on my account for SBICap. I have not any registered in SBI cap.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
13. raj Mar 06 2019 06:06:43 PM Reply
Today 6March 2019 Sbicap broker website was down since morning 11am. You could not buy or sell even by Phone call service cause even at the branch computers were down. This drama was there till end of the day. customer care, reply was it will start in 30 minutes at 11 am but servers were never started till end of the day. So even when you can see on NSE website there is price you want to sell your share, you were not able to sell it. customer care was blaming technical team. The do not have any plan2 in such scenario. It will be worst day for F&O segment. Consider if it was expiry day. :(
Few days ago they did not change circuit limit even after share price had gone up. so I could not sell my share at higher price. only reply was from SBIcap was we are sorry for inconvenience.

Avoid this broker. This is not reliable.
12. SHREEMANTA MONDAL Jan 19 2019 11:11:23 PM Reply
Right ok

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
11. praveen Nov 14 2018 10:56:27 AM Reply
Worse customer support. If the customer support is worse - think of the management - they will be worst of worst...

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor