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SBI Securities Vs Firstock NRI Account Comparison

The side-by-side comparison of SBI Securities and Firstock NRI Account. Compare SBI Securities Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and SBI Securities NRI Account reviews.

Find out SBI Securities Vs Firstock which is better NRI Trading Account. See SBI Securities Vs Firstock which is best NRI Demat Account.

Our SBI Securities Ltd comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between SBI Securities and Firstock NRI Account.

SBI Securities Vs Firstock

 SBI SecuritiesFirstock
 
SBI Securities ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Firstock ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 SBI Securities LogoFirstock Logo
About the BrokerState Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist...Know more about SBI Securities LtdFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI AccountEquity (PIS)
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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SBI Securities Vs Firstock Charges

 SBI SecuritiesFirstock
NRI Account Opening Fees₹2500
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 0Rs 0 (Free)
PIS Account AMC₹900
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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SBI Securities Vs Firstock NRI Account Brokerage Comparison

Account TypeSBI Securities NRI AccountFirstock Equity (PIS)
Equity Delivery0.75%0.5% or Rs 200 per order, whichever is lower
Equity FuturesRs 100 per executed order
Equity OptionsRs 100 per executed order
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Other Charges

Contract Note Reporting Charges₹0
Other Brokerage ChargesEquity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
TDS Charges on Long Term Gain (Holding > 365 Days)11.96%11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days)17.94%17.94%
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SBI Securities Vs Firstock NRI Account Taxes/Fees

 SBI SecuritiesFirstock
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% on delivery based turnover and 0.002% on non-delivery based turnover.0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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SBI Securities Vs Firstock NRI Account Margin

 SBI Securities MarginFirstock Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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SBI Securities and Firstock NRI Account Features

 SBI SecuritiesFirstock
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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SBI Securities Vs Firstock NRI Account Review

 SBI Securities ReviewFirstock Review
 165 Customer Reviews    Rate SBI Securities1 Customer Reviews    Rate Firstock
FeesRated 3.0 starsRated 3.0 stars
BrokerageRated 2.6 starsRated 3.0 stars
Trading PlatformRated 2.6 starsRated 3.0 stars
Customer ServiceRated 2.7 starsRated 3.0 stars
Overall RatingRated 2.5 starsRated 3.0 stars
Broker RatingSBI Securities is Rated 2.5 / 5 based on 165 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

 SBI Securities EnquireSBI Securities Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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SBI Securities Vs Firstock NRI Investment Options

 SBI SecuritiesFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment OptionsDerivatives, FD
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SBI Securities Vs Firstock NRI Customer Service

 SBI SecuritiesFirstock
Customer Care Number+91 22 6153 6900
Customer Care Emailnri@sbicapsec.com
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SBI Securities Vs Firstock Order Type Offered for NRI Account

 SBI SecuritiesFirstock
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)NoNo
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SBI Securities Vs Firstock - NRI Account Advantages and Disadvantages

 SBI SecuritiesFirstock
Pros
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

Cons
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
Conclusion

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

Open Firstock Account
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