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 Alice Blue
Founded in 2006, Alice Blue is a Bengaluru-based discount broker that offers trading services across equity, derivatives, and commodities on BSE, NSE, and MCX. Alice Blue also provides depository (Demat) services through its membership with CDSL.
Alice Blue follows a simple pricing model with flat brokerage plans. For equity delivery, brokerage is charged at ₹20 per executed order or 2.5% (whichev...
Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2006, Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 25 branches across India.
| SBI Securities | Alice Blue | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX |
| Year of Incorporation | 2001 | 2006 |
| Number of Branches | 117 | 25 |
| Open Alice Blue Account |
SBI Securities trading account opening charges is Rs 0 while Alice Blue account opening changes is Rs 0. SBI Securities Demat Account AMC Charges is Rs 0 and Alice Blue Demat Account AMC Charges is Rs 0.
| SBI Securities | Alice Blue | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 0 | Rs 0 |
SBI Securities Brokerage Charges for equity is 0.50% and intraday is Rs 20 per order whereas Alice Blue brokerage charges for equity is Rs 20 per order or 2.5% whichever is lower and Intraday is Rs 20 per order or 0.05% whichever is lower.
| Account Type | SBI Securities Suvidha | Alice Blue Flat Rs 20 |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.50% | Rs 20 per order or 2.5% whichever is lower |
| Equity Intraday | Rs 20 per order | Rs 20 per order or 0.05% whichever is lower |
| Equity Futures | 0.05% | Rs 20 per order or 0.05% whichever is lower |
| Equity Options | Rs 50 per lot (sell and buy side) | Rs 20 per order |
| Currency Futures | Rs 20 per lot | Rs 20 per order or 0.05% whichever is lower |
| Currency Options | Rs 20 per lot | Rs 20 per order |
| Commodity Futures | 0.05% | Rs 20 per order or 0.05% whichever is lower |
| Commodity Options | Rs 50 (sell and buy side) | Rs 20 per order |
| 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: Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | Rs 20 |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 50 per executed order |
| Open Alice Blue Account |
SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Alice Blue margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| SBI Securities | Alice Blue | |
|---|---|---|
| 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) |
| Open Alice Blue Account |
The trading platforms offered SBI Securities include SBI Smart Web, SBI Smart Mobile. Alice Blue offers ANT, 1lyOption trading software.
| SBI Securities | Alice Blue | |
|---|---|---|
| 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 | ANT, 1lyOption |
| Intraday Square-off Time | 2:45 PM | Equity: 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Smart Alice, Equity SIP | |
| Open Alice Blue Account |
SBI Securities is rated of 5 based on 165 customer reviews whereas Alice Blue is rated of 5 based on 40 customer reviews.
| SBI Securities | Alice Blue | |
|---|---|---|
165 Customer Reviews  | 40 Customer Reviews | |
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| Broker Rating | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews | Alice Blue is Rated 3.1 / 5 based on 40 customer reviews |
| SBI Securities | Alice Blue | |
|---|---|---|
| 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. | Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| SBI Securities | Alice Blue | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| SBI Securities | Alice Blue | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Alice Blue Account |
| SBI Securities | Alice Blue | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| SBI Securities | Alice Blue | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Alice Blue Special OfferExperience transparent pricing with no hidden fees at Alice Blue
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| Open Alice Blue Account |
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