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SBI Securities Logo

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. SBI Securities portal is the flagship trading platform of the company. It allows both Resident Indians a... Know more about SBI Securities

TradeSmart Logo

About TradeSmart
TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisees and sub-brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodi... Know more about TradeSmart

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SBI Securities Vs TradeSmart

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

 SBI SecuritiesTradeSmart
Type of BrokerFull Service BrokerDiscount Broker
Exchnage MembershipBSE, NSEBSE, NSE, MCX
Year of Incorporation20011994
Number of Branches1171
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SBI Securities Vs TradeSmart Charges & AMC

SBI Securities trading account opening charges is Rs 0 while TradeSmart account opening changes is Free. SBI Securities Demat Account AMC Charges is Rs 0 and TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free).

 SBI SecuritiesTradeSmart
Trading Account Opening ChargesRs 0Free
Trading Account AMC ChargesRs 0Rs 0
Demat Account Opening ChargesRs 0Free
Demat Account AMC ChargesRs 0Rs 300 (1st Year Free)

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SBI Securities Vs TradeSmart Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is Rs 20 per order whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

Account TypeSBI Securities SuvidhaTradeSmart Power Plan
Fixed ChargesNA
Equity Delivery0.50%Rs 15 per order
Equity IntradayRs 20 per orderRs 15 per order
Equity Futures0.05%Rs 15 per order
Equity OptionsRs 50 per lot (sell and buy side)Rs 15 per order
Currency FuturesRs 20 per lotRs 15 per order
Currency OptionsRs 20 per lotRs 15 per order
Commodity Futures0.05%Rs 15 per order
Commodity OptionsRs 50 (sell and buy side)Rs 15 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: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

SBI Securities Vs TradeSmart Brokerage Plan 2

 SBI SecuritiesTradeSmart
Account TypeSuvidhaValue Plan
Fixed ChargesNA
Equity Delivery0.50%0.07%
Equity IntradayRs 20 per order0.007%
Equity Futures0.05%0.007%
Equity OptionsRs 50 per lot (sell and buy side)Rs 7 Per Lot
Currency FuturesRs 20 per lot0.007%
Currency OptionsRs 20 per lotRs 7 Per Lot
Commodity Futures0.05%0.007%
Commodity OptionsRs 50 (sell and buy side)Rs 7 Per Lot
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SBI Securities Charges Vs TradeSmart

Minimum BrokerageRs 0.05 for Cash, Rs 0.01 FutureRs 15 per executed order
Other ChargesIntraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade ChargesFreeRs 20 per executed order
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SBI Securities Vs TradeSmart Leverage (Margin)

SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the TradeSmart margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

 SBI SecuritiesTradeSmart
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp 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)
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Compare SBI Securities and TradeSmart Features

The trading platforms offered SBI Securities include SBI Smart Web, SBI Smart Mobile. TradeSmart offers Mobile trading app, Desktop trading application, Browser, APIs trading software.

 SBI SecuritiesTradeSmart
3 in 1 AccountYesNo
Automated TradingNoYes
Margin Trading FundingNoNo
Margin Against Shares (Equity Cash)NoYes
Margin Against Shares (Equity F&O)NoYes
Trading PlatformSBI Smart Web, SBI Smart MobileMobile trading app, Desktop trading application, Browser, APIs
Intraday Square-off Time2:45 PMEquity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Trading In SME Shares Allowed?NoNo
Referral ProgramNoYes
Other Features
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SBI Securities Vs TradeSmart Review

SBI Securities is rated of 5 based on 165 customer reviews whereas TradeSmart is rated of 5 based on 67 customer reviews.

 SBI SecuritiesTradeSmart
 165 Customer Reviews    Rate SBI Securities67 Customer Reviews    Rate TradeSmart
FeesRated 3.0 starsRated 3.8 stars
BrokerageRated 2.6 starsRated 4.4 stars
Trading PlatformRated 2.6 starsRated 3.8 stars
Customer ServiceRated 2.7 starsRated 4.0 stars
Research CapabilitiesRated 2.4 starsRated 2.7 stars
Overall RatingRated 2.5 starsRated 4.0 stars
Broker RatingSBI Securities is Rated 2.5 / 5 based on 165 customer reviewsTradeSmart is Rated 4.0 / 5 based on 67 customer reviews

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Contact Broker / Request A Call Back

 SBI SecuritiesTradeSmart
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.
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

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SBI Securities Vs TradeSmart Investment Options

 SBI SecuritiesTradeSmart
Stock / EquityYesYes
CommodityNoYes
IPOYesYes
Mutual FundsYesYes
Bond / NCDYesYes
DebtYesNo

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SBI Securities Vs TradeSmart Order Type Offered

 SBI SecuritiesTradeSmart
Bracket OrderNoYes
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)YesNo
Sell Today Buy Tomorrow (STBT)NoNo
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)NoYes
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SBI Securities Vs TradeSmart Suitable For Investor Type

 SBI SecuritiesTradeSmart
Casual InvestorYesNo
Active InvestorNoYes
TraderNoYes

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SBI Securities Vs TradeSmart - Pros and Cons

 SBI SecuritiesTradeSmart
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart has been in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
  • Call and Trade is charged an extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by the RMS team are charged at Rs 20.
  • 24/7 customer service is not available.
  • Doesn't provide daily market reports, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as the company doesn't provide banking services.
Reviews
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TradeSmart Special Offer

Flat Rs 15 per trade (FREE Account Opening)

  • Outstanding Support
  • 29+ Years of expertise
  • Advanced Order Types

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

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