SBICap Securities vs Fyers – Point by Point Comparison

SBI Cap Securities is a bank promoted broker whereas Fyers is a discount broker so both has a totally different style of operations. Here is a comparison between the two highlights the difference in terms of Proposition features, pricing and servicing.

    SBICAP Securities FYERS
Basic Information Type of Broker Full Service Broker Discount Broker
  Exchanges BSE, NSE NSE
  Fees for Opening Trading Account Rs. 850 NIL
  Annual Maintenance Charges of Trading Account NA NIL
  Fees for Opening Demat Account Nil NIL
  Annual Maintenance Charges of Demat Account Rs. 350 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 100 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges 0.03% 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 30 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges NA NA
  Minimum Brokerage Charges Re. 0.05% for cash & Re. 0.01 for future NA
Transaction Charges Equity Delivery For BSE: 0.00384% & NSE: 0.00386% As Applicable
  Equity Intraday For BSE: 0.00384% & NSE: 0.00386% As Applicable
  Equity Futures For NSE: 0.002206% (i.e. Rs. 221 per crore) As Applicable
  Equity Options For NSE: 0.05515% (i.e. Rs. 5515 per crore) As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options For NSE: 0.05515% (i.e. Rs. 5515 per crore) As Applicable
  Commodity NA As Applicable
Features 3-in-1 Account Y N
  Mobile Trading N Y
  Acceptance of Orders After Trading Hours N Y
  SMS Alerts Y N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform ODIN Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity N N
  Currency Y Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat N N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N

 

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