SBIcap Securities vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
SBIcap Securities vs Nirmal Bang Account Opening Charges: 2024
| Charge | SBIcap Securities | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹200 per year |
SBIcap Securities vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | Nirmal Bang |
|---|---|---|
| Plan Name | eZ-trade Plan | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹100 per lot | ₹35 |
| Currency Futures | 0.03% | 0.02% |
| Currency Options | ₹30 per lot | ₹20 |
| Commodity Options | NA | 0.01% |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs Nirmal Bang Margin / Exposure: 2024
| Segment | SBIcap Securities | Nirmal Bang |
|---|---|---|
| Equity Delivery | 2x | Upto 10x |
| Equity Intraday | Upto 5x | Upto 4x |
| Equity Future | Nil | Upto 4x |
| Equity Options | Nil | Upto 2x for shorting |
| Currency Future | Nil | Upto 2x for shorting |
| Currency Options | Nil | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |