SBICAP Securities Review

Rated 4/5 by Top Share Brokers Team
SBICAP Securities Ltd Review

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Headquartered in Mumbai, SBICAP Securities Ltd (SSL), the broking arm of SBI Group and subsidiary of SBI Capital Markets Ltd, is a full-service broker that commenced operations in 2006. The broker is a registered member of both the stock exchanges; BSE and NSE and a depository participant with CDSL and NSDL. The broker’s product offerings include equity, equity derivatives, currency derivatives, NCDs, fixed deposits, insurance, bonds, IPO, ETF, NFOs, and mutual funds. SBICAP Sec also provides loan facility including both home loans and car loans and loans against securities. Besides this, it also has a research team that offers free research reports to clients.

Being a part of pioneering SBI-bank, the broking house offers a 3-in-1 account wherein one can open and link their SBICAP Securities Trading Account, SBICAP Securities Demat Account, and SBI Bank account. SBICAP Sec serves different customers segment including retail, institutional, and NRI clients (except US, UK, Japan, and Canada). The broker offers online trading & investment across multiple platforms i.e. web-trading (SBISMART.com), a trading terminal (SBISMART Xpress), and mobile trading (SBISMART Money Mobile Trading App).

SBICAP Securities has a widespread branch presence across more than 115 branches all over the country, through which, it provides offline services to people. The broker also has a centralized dealing desk to offer dial & trade facility to people. Apart from this, it has a team of dedicated relationship managers and investment advisors that work together to help people to make the right investment decision. In 2018, a global rating agency, CRISIL has rated SBICAP Securities to BQ1, being the highest credit rating for the best quality of services rendered.

Review Summary

SBICAP Securities, a full-service broker offers a 3-in-1 account opening facility integrating demat + trading + bank account along with highly advanced trading platforms, huge product offerings, PAN India presence, and State-of-the Art tools & services at reasonable charges.


Benefits

  • Vast product portfolio: At SBICAP Securities, one can trade & invest in equities, F&O, currency derivatives, insurance, IPO, MF, ETF, NFOs, FD, and NCDs.
  • 3-in-1 account: Undoubtedly, its 3-in-1 account combining trading, demat and bank account is one of the flagships offers to provide seamless trading experience to users.
  • Loans: The broker offers home loans, car loans and loans against securities (i.e. shares, bonds, & mutual funds) as well.
  • Advanced trading platforms: It has 3 trading platforms include SBISMART.com, SBISMART Mobile App, and SBISMART Xpress.
  • Strong geographical network: The broker is operating through more than 115 branches from where it provides offline services to people.
  • Dial & trade: SBICAP Securities dial & trade facility enable people to place buy or sell orders by calling its centralized dealing desk.
  • Free research: Being a full-service broker, its research team provides fundamental reports, derivatives reports, technical reports, and other reports to people.
  • Doorstep services: It has a team of 1000+ field staff members who offer doorstep services to clients.
  • Analytical tools: The broker has many analysis tools for users such as Detailed Quote, Decisive Screeners, and Peer Comparison.
  • Calculators: SBICAP Sec has 14 calculators i.e. risk analyzer, EMI, asset allocator, retirement, education savings, human life value, marriage savings, and others.

Considerations

  • It doesn’t offer a separate mutual fund investment platform however, competitors like HDFC Securities and Zerodha have a different MF platform, Digify, and Coin for MF investment.
  • The broker only provides regular mutual funds and doesn’t offer direct mutual funds.
  • Mutual Fund investment facility is not available on its mobile app.

Special Offer

Open SBICAP Securities 3-in-1 account by linking your trading account, demat account, and bank account.

Simply leave your information with us and SBICAP Securities customer representatives will reach you


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SBICAP Securities Investment Options Compare

Here we are comparing SBICAP Securities with its 5 close competitors on investment options.

Broker SBICAP Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking Yes No No No No
Insurance Yes Yes Yes No No

SBICAP Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

SBICAP Securities Account Opening Charges

      »»  Trading Account Opening Charges: Rs 850
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 350 PA

SBICAP Securities Brokerage

  • Equity delivery

    SBICAP Sec levies equity delivery brokerage charges of 0.50% that is in line with competitors charges such as HDFC Securities, Kotak Securities, and Sharekhan but a bit lower than ICICI Direct brokerage charges of 0.55%. Thus, it is clearly evident that its brokerage for the equity delivery segment is quite reasonable.

  • Intraday trade

    It charges 0.15% on intraday trading subject to a minimum brokerage of Rs 5 paisa per share. The intraday charges are considerably higher than HDFC Securities, Sharekhan, and Motilal that charges 0.05%, Geojit and Venture charges 0.03%, and Reliance charges 0.04%. However, it is comparatively lower than ICICI Direct that charges a very high brokerage of 0.275%.

  • Equity futures

    SBICAP Securities charges 0.05% for equity futures (subjected to minimum 1 paisa) that is in line with other brokers like HDFC Securities (0.05%), Motilal Oswal (0.05%), and ICICI Direct (0.03%-0.05%) but significantly lower than Sharekhan that charges 0.10% brokerage.

  • Equity Options

    Equity options brokerage is Rs. 100 per lot that is equal to SBICAP but greater than ICICI Direct that charges Rs. 95 – Rs. 35/per lot. Thus, it can be strongly evident that SBICAP Securities brokerage charges for equity options segment are quite high.

  • Currency futures

    SBICAP Sec charges 0.03% on currency futures and currency options are charged at Rs. 30 each lot that looks competitive when it’s being compared with other brokers such as Sharekhan, HDFC Securities, and ICICI Direct.

Benefits

  • Highly competitive brokerage charges in equity delivery, intraday trade, equity futures, and currency futures segment.

Considerations

  • Trading account opening charges of Rs. 850 is very high.
  • Very high brokerage charged in the equity options segment.

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

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 Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to .5% 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.08% or 8 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 30 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate SBICAP Securities Brokerage Calculator


Open Trading and Demat Account with SBICAP Securities Ltd

Any Indian Resident and NRIs can open a 3-in-1 account with SBICAP Securities but the broker doesn’t solicit investment from Japan, USA, UK, and Canada-based NRIs due to regulatory restrictions. The broking house offers the following types of accounts, detailed below:

  • SBICAP Securities Demat Account

    Being a registered DP with CDSL and NSDL, the broking house offers a demat account opening facility to facilitates you to keep securities in demat form. You can open a free demat account with SBICAP Securities as the broker doesn’t charge any account opening fee.

  • SBICAP Securities Trading Account

    SBICAP Securities Trading Account is an account that facilitates customers to place or buy or sell trades in different asset classes. As the broker provides a 3-in-1 account wherein trading account can be linked with demat and your bank account to transfer fund instantly.

  • SBICAP Securities NRI Account

    The broker also offers an NRI trading facility wherein NRIs (excluding US, UK, Japan, and Canada) can open a 3-in-1 NRI account with SBICAP Securities. All the product offerings including equities, derivatives, currency derivatives, IPO, MF, ETFs, and NCDs are available to NRIs.

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SBICAP Securities Trading Platform and Tools

Trading Platforms Rated 4.5/5

    The broker offers 3 trading platforms including trading terminal, mobile app, and trading website that is pointed below:

    1. SBISMART Mobile Trading App

    SBISMART Money Mobile Trader is the mobile app-based trading platform offered by the broker. Although the app facilitates people to trade & invest in equity, F&O, and currency derivatives but doesn’t enable customers to invest in IPO and MF. The mobile app provides many features such as live market track, real-time market updates, research calls, and others. SBICAP Securities app is available on both the android and iOS that can be downloaded from Google Play Store and App Store.

    2. SBISMART Xpress

    SBISMART Xpress is the trading terminal platform that is particularly useful for intra-day traders that demand impressive features such as on-screen alerts, live market coverage, advanced charting, and others. The terminal can be downloaded on both the laptop and desktop.

    3. SBISMART.com

    The broker has a trading website, SBISMART.com that is accessible on a laptop, desktop as well as mobile. The web trading portal facilitates clients to trade & invest in equities, derivatives, currency derivatives, IPO, MF, ETF, NFOs, and NCDs.

    Benefits

    • Trading & investment in equities, currency, F&O, IPO, MF, NCDs, NFOs, ETFs, and MFs.
    • Market watch lists and customized watch lists.
    • Real-time market coverage and important exchange announcements.
    • The mobile app is available to download on both android & iOS.
    • Advanced charting functionality and technical indicators.
    • Research calls from research executives at SBICAP Securities.
    • Free SMS or email alerts and notifications.

    Considerations

    • Users can’t invest in IPO & MF using SBISMART mobile app.
    • The app doesn’t offer charting tools.

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

SBICAP Securities Trading Platform Compare

Here we are comparing SBICAP Securities with its 5 close competitors on Trading Platform.

Broker SBICAP Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about SBICAP Securities

Rated 4/5 by 75 users

SBICAP Securities Ltd, being a part of the largest bank SBI, is a full-service broker. Indian citizens as well as NRIs, can open a 3-in-1 account with SBICAP Securities combining demat, trading, and bank account. Although the broking house provides trading & investment across equity, F&O, currency, insurance, IPO, NCDs, NFOs, ETFs, and mutual funds, however, the biggest setback is that the broker doesn’t offer commodity trading services. Further, on brokerage front, its brokerage is more or less in line with other full-service brokers but its trading account opening charge is quite high. Talking about its trading platforms, it offers a complete package including SBISMART.com, SBISMART Xpress and SBISMART Mobile Trading App still, the broker has to make a lot of improvements on the technological aspect to provide better trading experience to users.

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

Last updated on 2020-03-18


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SBICAP Securities Ltd User Reviews

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15. Abhishek Mohan 3/24/2020 6:14:26 PM Reply
I am having 30000 INR and I want to invest it in us market how and what should I do please help??
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14. Bidyadhar Kuanr 3/17/2019 3:09:16 PM 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 3/6/2019 6:06:43 PM 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 1/19/2019 11:11:23 PM 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 11/14/2018 10:56:27 AM 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 11/14/2018 10:54:02 AM 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)
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9. Karthik 9/25/2018 6:57:45 PM 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 9/20/2018 7:10:03 PM 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 9/13/2018 11:54:17 AM 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 5/11/2018 7:58:43 PM Reply
cheater

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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