About SBI Securities
SBI Securities Ltd is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SBI Securities is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
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About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and a...
Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 2001 | 2002 |
| Number of Branches | 117 | 237 |
SBI Securities trading account opening charges is Rs 0 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 0 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 0 | Rs 500 (1st Year Free) |
SBI Securities brokerage charges for equity is 0.50% and intraday is Rs 20 per order whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.
| Account Type | SBI Securities Suvidha | Nuvama (Edelweiss) Nuvama Lite |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | Rs 20 per executed order |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order |
| Equity Futures | 0.05% | Rs 20 per executed order |
| Equity Options | Rs 50 per lot (sell and buy side) | Rs 20 per executed order |
| Currency Futures | Rs 20 per lot | Rs 20 per executed order |
| Currency Options | Rs 20 per lot | Rs 20 per executed order |
| Commodity Futures | 0.05% | 0.030% |
| Commodity Options | Rs 50 (sell and buy side) | Rs 50 / lot |
| 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. | 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. |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Suvidha | Nuvama Elite |
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | Rs 20 per order | 0.03% |
| Equity Futures | 0.05% | 0.03% |
| Equity Options | Rs 50 per lot (sell and buy side) | Rs 75 per lot |
| Currency Futures | Rs 20 per lot | 0.02% |
| Currency Options | Rs 20 per lot | Rs 20 per lot |
| Commodity Futures | 0.05% | 0.015% |
| Commodity Options | Rs 50 (sell and buy side) | Rs 30 / lot |
| Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | 0.03% Equity delivery, 0.01% Intra-day and Futures |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Free | Rs 20 per call |
SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
The trading platforms offered SBI Securities include SBI Smart Web, SBI Smart Mobile. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | SBI Smart Web, SBI Smart Mobile | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress |
| Intraday Square-off Time | 2:45 PM | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
SBI Securities is rated of 5 based on 165 customer reviews whereas Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews.
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
165 Customer Reviews  | 79 Customer Reviews | |
| Fees |  | |
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| Trading Platform | |  |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating |  |  |
| Broker Rating | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| 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. | 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. |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| SBI Securities | Nuvama (Edelweiss) | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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