SBIcap Securities vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
SBIcap Securities vs IIFL Securities Account Opening Charges: 2024
| Charge | SBIcap Securities | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹400 per year |
SBIcap Securities vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | IIFL Securities |
|---|---|---|
| Plan Name | eZ-trade Plan | Flat Plan (FBP) |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | ₹100 per lot | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | 0.03% | 0.05% |
| Currency Options | ₹30 per lot | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | NA | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs IIFL Securities Margin / Exposure: 2024
| Segment | SBIcap Securities | IIFL Securities |
|---|---|---|
| Equity Delivery | 2x | Upto 3x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Nil | Upto 3x |
| Equity Options | Nil | Upto 3x |
| Currency Future | Nil | Upto 2x |
| Currency Options | Nil | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |