SBIcap Securities: Trading & Demat Account, Reviews, Charges: 2020

SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.

SBI Cap Securities: Overview

Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.

It offers a 3-in-1 account feature, like other financial broking firms for direct and hassle free cash transactions. This account includes SBI bank account, Demat account and Trading account and can also be opened via the YONO application they offer. You only need one app offered by SBI Bank as a one-step solution for banking, investment, trading, insurance and even shopping needs.

In addition to this, SSL offers research and analytical tools and calculators for insights and expert advice. They pride themselves as the most trusted Demat account provider as a participant of both NSDL and CDSL. People who do not wish to use the online portals can also avail the services offered by the company by just visiting a branch, getting in touch with a relationship manager (RM), dial the company's trade number or simply ask their financial advisor for assistance.

However, the call and trade facility is Rs.10 per call with a  max 3 scripts enquired on 1 call after the first 30 free calls. SBI securities has a comparatively higher brokerage than online discount brokers .

SBI Trading Tools and Platforms

Trading in both BSE and NSE, SBI Securities Ltd offers 4 trading softwares to its customers:

1. SBISmart Portal:

The web-based trading platform offers a variety of trading, investment and lending Services. It is a free online platform that includes features of SBI Smart portal includes trading in multiple segments, Customisable dashboard with desired widgets and windows, an exclusive market watchlist to keep a close watch on the shares you are trading with and discontinue any which are not performing as per your requirements.

2. SBISmart Xpress:

It is desktop terminal based software that allows heavy traders high quality performance and fast order execution. This trading software uses historical data for fundamental and technical analysis. Like the Smart Portal, it also offers a personalised look of the user interface and even colour changing options to make it more creative. You can live-stream market news and get on-screen alerts on the terminal.

3. SBISmart Mobile App:

It is a mobile application which allows the user to trade on his finger tips, wherever and whenever. it is curated in a manner that it is suited for beginners as well as pro and frequent  traders. You can execute, modify or cancel the pending transactions or payments instantly through the app.

4. SBISmart Lite:

It is low bandwidth website of the SBISmart Portal. It is simplified version the web-based portal and takes up less data. It can be used as a on-the-go website for fast and convenient transactions even through your smartphone. You can find the option of 'LITE login' on the SBI CAP securities official website wherein you can put in your details and use the LITE version.

SBIcap Securities Account Opening Process

Now, lets get a quick idea as to, how to open an account with SBI Cap Securities?

  1. You can open an online instant account by visiting the SBISmart official website.
  2. When you click on 'open account', the 3-in-1 account details will appear .
  3. Fill up the online form and the executive will get in touch with you within 1-2 business days.
  4. There is a one-time account fee applicable i.e Rs 850 and Rs500 as Annual Maintenance charges.
  5. You can also give a missed call at  092667 92667 and follow up will be taken by an executive.

SBIcap Securities Account Opening Charges:2020

ChargeAmount
Demat Account Opening Charges₹0
Trading Acc Opening Charges₹850
Trading Account AMC₹0
Demat Account AMC₹350

SBIcap Securities Account Brokerage Charges: 2020

SBIcap Securities :eZ-trade Plan Brokerage Charges

ChargeAmount
Plan NameeZ-trade Plan
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity Options₹100 per lot
Currency Futures0.03%
Currency Options₹30 per lot
Commodity OptionsNA
Mutual Fund

SBIcap Securities Margin/Exposure

SBIcap Securities interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity Delivery2x
Equity IntradayUpto 5x
Equity FutureNil
Equity OptionsNil
Currency FutureNil
Currency OptionsNil
Commodity Future
Commodity Options
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