Yes Securities Vs Interactive Brokers – Indian Share Brokers Comparison
Yes Securities Vs Interactive Brokers
Here is a point by point comparison of Yes Securities Vs Interactive Brokers. Yes Securities, a bank based full service stock broker, was established in 2013 and has its headquarters in Mumbai. The broker offers free demat and trading account, provides tips and research to its clients at a reasonable brokerage percentage based rate. Interactive Brokers is actually a US based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers is Online, be it – customer service, trading, account opening etc. Full service brokers such as Yes Securities, on the other hand, 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. 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 Yes Securities Vs Interactive Brokers 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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Yes Securities Review | Interactive Brokers Review | |
OVERVIEW | ||
Incorporated In the Year | 2013 | 1977 |
Number of branches across India | 52 | 1 |
Exchanges | BSE, NSE | NSE, BSE |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹500 | ₹0 |
Transaction Charges | Yes Securities Transaction Charges | Interactive Brokers Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.45% or ₹25 whichever is higher | ₹6 to ₹20 per executed trade |
Intraday Delivery | 0.05% | ₹6 to ₹20 per executed trade |
Equity Futures | 0.05% | ₹6 to ₹20 per executed trade |
Equity Options | ₹75 per lot | ₹6 to ₹20 per executed trade |
Currency Futures | 0.05% | ₹6 to ₹20 per executed trade |
Currency Options | ₹75 per lot | ₹6 to ₹20 per executed trade |
Commodity | NA | NA |
Brokerage Calculator | Yes Securities Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | Intraday upto 5 times | 4 times for intraday, 2 times for delivery |
Equity Futures | Upto 3 times for intraday | Upto 3 times Intraday |
Equity Options | Buying No Leverage, Shorting upto 3 times for Intraday | Buying No Leverage, Shorting Upto 3 times |
Currency Futures | Upto 2 times for intraday | Upto 2 times Intraday |
Currency Options | Buying No Leverage, Shorting upto 3 times for Intraday | Buying No Leverage, Shorting Upto 2 times |
Commodities | NA | NA |
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) | Yes Web, Mobile App | IB Trader Workstation, IB TWS, IB WebTrader |
Complaint Percentage of Active Clients | 0.09% | 0.04% |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Interactive Brokers or Yes Securities for the benefits of other readers. Please feel free to share in the comments below.
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