SBIcap Securities vs ICICI Direct Comparison: 2024
About SBIcap Securities
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
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
SBIcap Securities vs ICICI Direct Account Opening Charges: 2024
| Charge | SBIcap Securities | ICICI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹975 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹700 per year |
SBIcap Securities vs ICICI Direct Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | ICICI Direct |
|---|---|---|
| Plan Name | eZ-trade Plan | I-Secure Plan |
| Equity Delivery | 0.50% | 0.55% |
| Equity Intraday | 0.05% | 0.275% |
| Equity Futures | 0.05% | 0.050% |
| Equity Options | ₹100 per lot | ₹95 per lot and Option (Intraday) ₹50 per lot |
| Currency Futures | 0.03% | 0.050% and Currency Futures(Intraday) ₹50 |
| Currency Options | ₹30 per lot | ₹25 per lot and Currency Options (Intraday) ₹10 per lot |
| Commodity Options | NA | N/A |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs ICICI Direct Margin / Exposure: 2024
| Segment | SBIcap Securities | ICICI Direct |
|---|---|---|
| Equity Delivery | 2x | 5x |
| Equity Intraday | Upto 5x | Upto 25x |
| Equity Future | Nil | 4x |
| Equity Options | Nil | 2x for shorting |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |