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SBI Securities Vs Upstox – Share Brokers Comparison
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SBI Securities Vs Upstox
Here is a point by point comparison of SBI Securities Vs Upstox. Upstox (also known as RKSV) is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
SBI Securities is a bank based stockbroker and is the trading arm of SBI (State Bank of India). Established in 2006, SBI Securities is one of the trustable brands in India, however, it has a quite a lot of room to improve in the kind of values it brings to the table.
Full-service brokers such as SBI Securities will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Discount brokers such as Upstox offers trading services at much cheaper brokerage rates and reasonable customer service. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between SBI Securities Vs Upstox to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| SBI Securities Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Stock Broker | Discount Broker |
| Incorporated In the Year | 2006 | 2012 |
| Number of branches across India | 114 | 3 |
| Exchanges | NSE, BSE | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹850 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹350 | ₹150 |
| Transaction Charges | SBI Securities Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% | ₹0 |
| Intraday Delivery | 0.05% | ₹20 per executed order |
| Equity Futures | 0.05% | ₹20 per executed order |
| Equity Options | ₹100 per lot | ₹20 per executed order |
| Currency Futures | 0.03% | ₹20 per executed order |
| Currency Options | ₹30 per lot | ₹20 per executed order |
| Commodity | NA | ₹20 per executed order |
| Brokerage Calculator | SBI Securities Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 20 times Intraday |
| Equity Futures | Upto 3 times for Intraday | Upto 4 times for Intraday |
| Equity Options | Upto 3 times for Intraday | Upto 4 times for Intraday |
| Currency Futures | Upto 3 times for Intraday | Upto 4 times for Intraday |
| Currency Options | Upto 3 times for Intraday | Upto 4 times for Intraday |
| Commodities | NA | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | SBI Smart Express, SBI Smart Web, SBI Smart Mobile App | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.05% | 0.12% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with SBI Securities Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
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Date
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SBI Securities Vs Upstox
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