SBICAP Securities Brokerage and Demat Account Review 2019

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SBICAP Securities offering clients a well rounded package having 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and an Online Trading A/c and broad range of products, pan India presence and State-of- the-Art tools and Services at a reasonable brokerage.

SBICAP Securities Brokerage and Demat Account Review - 2019

Head Quartered in Mumbai, State Bank of India (SBI)is the well-established Bank that serves Financial Institutions, FIIs, Mutual Funds, Corporates, High Net-worth Individuals, Non-Resident Indians and Retail domestic investors.

SBICAP Securities is the broking firm of SBI Capital Markets Ltd which is the part of State Bank Group. The Group entered in the Broking business in year 2006. The broking product range covers institutional and retail equity, derivatives, depository participant services, on-line trading and a wide variety of third party distribution products.

The Broker is registered with NSE and BSE and is DP with CDSL. SBICAP has presence all over India through its branches in most of cities. Customer Care numbers, email id and state wise list of phone no is something that you can use for customer support from SBICAP. They also have FAQ section and ask your question section onsite for query resolution.

You will need an ordinary savings account with SBI Bank Ltd that will be linked with SBISmart trading account for online investing.You can also link up any existing Bank account and Demat account(s).

The broker provides market information, demo on trading functionalities, news, views and research reports on stocks, markets, derivatives, IPO, mutual funds etc.

Why to choose SBICAP Securities as your stock broker?

  1. In-depth Research and Analysis.
  2. Awarded no.1 (BQ1) by CRISIL for quality Operations and Service.
  3. Operational ease and timely advice.
LikesAdvantages

Hassle free 3 in 1 account, services for NRIs, site wide bar for live quotes, demos on all the trading apps

DislikesDisadvantages

Doesn't support commodity trading, minimum Brokerage charges.

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What are the Investments Options available with SBICAP Securities?

SBICAP Securities - Equity Cash and F&O
Yes
SBICAP Securities - Currency F&O
Yes
SBICAP Securities - Commodity Trading
No
SBICAP Securities - Mutual Funds
Yes
SBICAP Securities - ETF
Yes
SBICAP Securities - Online IPO
Yes
SBICAP Securities - Bonds Investment
Yes
SBICAP Securities - Debt Investment
Yes
SBICAP Securities - Banking Service
Yes
SBICAP Securities - Insurance Service
Yes
SBICAP Securities - MF SIP Investment
Yes

How is SBICAP Securities with closest competitors?

Here we are comparing SBICAP Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SBICAP Securities ICICIDirect Sharekhan Zerodha ProStocks
Service Type Full Service Broker Full Service Broker Full Service Broker Discount Broker Discount Broker
Brokerage .05 to .5% 0.05 to .55% 0.1 to 0.5% Rs 20 Rs 15
Account Type 3 in 1 3 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating

Please refer unique and accurate SBICAP Securities Brokerage Calculator


SBICAP Securities Brokerage Plans Review - 2019

Brokerage and Commission Rated 3/5

    The brokerage of SBICAP Securities is simple and reasonable.

    For Equity delivery based trades, the brokerage is .50% which is most common with most of the Full Service Brokers. This is subject to a minimum brokerage of 5 Paisa per share.

    Intra-day Trades runs at .075%. This is subject to a minimum brokerage of 5 paise per share.The brokerage is quite high where most of the brokers like Geojit, Motilal Oswal , Indiabulls are charging .03% only.

    Equity future trading brokerage is .05%. The minimum brokerage is 1 paisa. .03% on the first leg, 0.03% on the second leg if squared off on the same day. The brokerage is same as its nearby competitor 3 in 1 brokers like ICICIDirect and HDFC Securities.

    Equity Options runs at Rs 100 per lot which is kind of standard with most of the brokers.

    Currency Future Brokerage is .03% and Currency Options is Rs 30 with SBICAP Securities.

    Account opening charges of Rs 850 is little bit high. Demat account opening is free and Demat AMC is Rs 400. First 30 Call and Trade is free, after which Rs 10 is charged per call.

SBICAP Securities Brokerage Charges - eZ-trade (Percentage Based) Plan

Brokerage Plan eZ-trade (Percentage Based) Plan
Flat Fee NA
Equity Delivery 0.5% or 50 paisa
Equity Intraday 0.08% or 8 paisa
Equity Futures 0.05% or 5 paisa
Equity Options Rs 100 Per Lot
Currency Futures 0.03% or 3 paisa
Currency Options Rs 30 Per Lot
Commodity NA

For complete brokerage charges and trading plans detail please visit SBICAP Securities Brokerage Charges.

What are the various Product and Services offered by SBICAP Securities?

Product & Services Rated 4.5/5
SBICAP Securities - 3 in 1 Account
Yes
SBICAP Securities - Multiple Plans
No
SBICAP Securities - Monthly Plan
No
SBICAP Securities - Yearly Plan
No
SBICAP Securities - Portfolio
Yes
SBICAP Securities - Charting
Yes
SBICAP Securities - Automated Trading
No
SBICAP Securities - AMO Order
Yes
SBICAP Securities - Allow GTC Order
No
SBICAP Securities - SMS Alerts
Yes
SBICAP Securities - Margin Trade Funding
No
Combined Ledger for Equity and Commodity
No
SBICAP Securities - NRI Trading
Yes

How to Open Trading and Demat Account with SBICAP Securities Ltd?

For online trading with SBICAP Securities, investor has to open an account. Following are the ways to open an account with SBICAP Securities:

  • Call them at phone number provided below and ask that you want to open an account with them.
    1. Call on Toll free number: 1800-22-3345 to speak to a Customer Service executive
    2. Land Line: 022-61536900 / 24231300
  • Visit one of their branches. SBICAP Securities has a huge network all over India. Click on https://www.sbicapsec.com/BranchNetwork.aspx this link to find out your nearest branch. Just select the place near you and you'll find a manager to assist you there.
  • Click on https://www.sbicapsec.com/OpenAccount.aspx this link and fill an online Open an account form. One of the representative from SBICAP Securities will contact you in 24 hours
  • You can send them an Email on [email protected] to know about their products and services.

List of document required to open an account:

  • Proof of Identity - Copy of PAN Card (three Copies self attested)
  • Three Recent passport sized photographs
  • Proof of Address - Copy of any one of the following (Self Attested)
    1. Passport
    2. Ration card
    3. Voter's ID
    4. Driving license
    5. Electricity bill (not more than 2 months old)
    6. Bank Pass Book
    7. Bank Proof: Copy of Bank Pass Book or Personalised Cheque Leaf (For applicants already having Bank Account with State Bank of India)
    8. Demat Account Proof: Demat Account Statement or Client Master (For applicants already having a Demat Account with State Bank of India)

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What are the Customer Support options availabel with SBICAP Securities?

Customer Support Rated 3.5/5
SBICAP Securities - Phone Support
Yes
SBICAP Securities - Toll Free Number
Yes
SBICAP Securities - Email Support
Yes
SBICAP Securities - Branch Offices
Yes
SBICAP Securities - Live Chat
No
SBICAP Securities - 24/7 Support
No

What are the trading platform offered by SBICAP Securities?

Trading Platforms Rated 4.5/5

    SBICAP supports terminal based, web based and mobile app based trading through its platforms.

    SBISMART.com: This is the fine web portal of SBICAP for sophisticated and smooth trading. Its important features are Interactive charting tools, 360 degree Stock View, customizable Screens to add multiple widgets and windows; financial, heat and scatter maps to analyze market information.

    SBISMART XPRESS Trading Terminal : This is a High Speed Desktop Trading Terminal fully loaded with multiple high end features to elevate your trading experience.

    SBISMART LITE: This is the low band width trading website launched by SBISMART for convenient trading.

    SBISMART Mobile App: This is a trading app designed for Tablets, iPads and Smart Mobile Phones that can be Downloaded as "SBISMART" from Play Store or App Store. You can access your account with the same login credentials as that of your SBISMART online trading portal.

    For detail review of mobile app and download please visit SBICAP Securities Trading Platform Review.

What are the Trading Platforms & Tools Options available with SBICAP Securities?

SBICAP Securities - Desktop Platform (Windows)
Yes
SBICAP Securities - Desktop Platform (Mac)
No
SBICAP Securities - Web Platform
Yes
SBICAP Securities - Stock Alerts via Email
No
SBICAP Securities - Stock Alerts via SMS
No
SBICAP Securities - Virtual Trading
No
SBICAP Securities - Watch-lists, streaming real-time quotes
Yes
SBICAP Securities - Mobile App
Yes
SBICAP Securities - Android Tablet App
Yes
SBICAP Securities - Android App
Yes
SBICAP Securities - iPhone App
Yes
SBICAP Securities - iPad App
Yes
SBICAP Securities - Mobile Trading Site
No


Final thought about SBICAP Securities

SBICAP Securities is backed up by State Bank of India, thus the Broker has expertise in field of research, operations through its 3 in 1 service and state of art technology. Being with SBICAP means you are in experienced and safe hands as they have a strong hold in Indian stock market from long time.

But if it all doesn't matter for your trading needs, than we have better options available for you - The Discount Brokers.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Compare SBICAP Securities

Find out how SBICAP Securities stacks up against other brokers

SBICAP Securities Ltd User Reviews

avatar
14. Bidyadhar Kuanr  Mar 17, 2019 2:09:16 PM IST Reply
Please intimate why debited Rs. 590 on my account for SBICap. I have not any registered in SBI cap.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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13. raj  Mar 6, 2019 5:06:43 PM IST Reply
Today 6March 2019 Sbicap broker website was down since morning 11am. You could not buy or sell even by Phone call service cause even at the branch computers were down. This drama was there till end of the day. customer care, reply was it will start in 30 minutes at 11 am but servers were never started till end of the day. So even when you can see on NSE website there is price you want to sell your share, you were not able to sell it. customer care was blaming technical team. The do not have any plan2 in such scenario. It will be worst day for F&O segment. Consider if it was expiry day. :(
Few days ago they did not change circuit limit even after share price had gone up. so I could not sell my share at higher price. only reply was from SBIcap was we are sorry for inconvenience.

Avoid this broker. This is not reliable.
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12. SHREEMANTA MONDAL  Jan 19, 2019 10:11:23 PM IST Reply
Right ok

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
avatar
11. praveen  Nov 14, 2018 9:56:27 AM IST Reply
Worse customer support. If the customer support is worse - think of the management - they will be worst of worst...

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
10. praveen  Nov 14, 2018 9:54:02 AM IST Reply
worse customer support. NO ONE is aware on policies. What ever half knowledge they have - they think it is right.
Please do not open Dmat account with SBI - if you run into any problems - then no one helps (not exactly help - no one works)
avatar
9. Karthik  Sep 25, 2018 5:57:45 PM IST Reply
SBICAP cheated us by selling our intraday stock without our permission at the least price.. services is also poor

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
8. radhakrishnan pullancheri  Sep 20, 2018 6:10:03 PM IST Reply
We are from Palakkad, we have excellent office space in the City, measuring more than 600 SQ feet with furnished office. We in intend to
start a franchise of SBI Cap Securities, for online trading. Please give
us details.
avatar
7. Ketan  Sep 13, 2018 10:54:17 AM IST Reply
Please don''t trust SBICAP.they are going to cheat you.You can never became rich if you are thinking of SBICAP for trading.
My personal experience is so bad that I lost thousands of rupees.especially intraday trading.They stops taking orders at 3.10PM,so you cant do anything,also if your orders or positions are pending then 100% you are going to loss because they don''t want you become rich.
Their software is also create problem and doesn''t play smoothly.
Yesterday I sold 2000 RCOM intraday around 3pm at Rs.16.15 and I placed order of buying Rs.15.70 immediately as usual they cancelled my order 3.10PM and they placed another order of buying Rs.16.45 while the ongoing rate was Rs.16.05 luckily the rate remains constant and finally system bought 2000 shares at Rs.16.05. in last 10 minutes of market closing.but what will happened if rate goes high I might lost my money.
So I URGE YOU please avoid SBICAP TRADING.
avatar
6. rajendra  May 11, 2018 6:58:43 PM IST Reply
cheater

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
5. Jitendra  Nov 3, 2017 12:07:08 PM IST Reply
Hang...

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Average
Overall Experience - Below Average

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