SBICap Securities is one of the top-notch broker houses in the country with a huge number of branches all around. It serves many clients and provides them superb broking services.
The broker house has excellent products, and clients can avail various services at a lower brokerage charge. This article is all about SBICap Securities Review. Here you will find all the important information about the company that will help you in trading with them.
You will learn about the company’s profile and its brokerage charges on various segments, products, services, offers, account opening charges, trading platforms, charges for opening Demat and trading accounts, customer care services, reviews from customers, etc. in detail. Therefore go through the article carefully and do not miss out on a single detail about SBICap Securities.
|SBI Cap Securities Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs 350|
|Margin Required||75% Margin|
What do you know about SBI Cap Securities?
In this section of the SBICap Securities Review, we will discuss the company’s profile in detail. It is a public company in India headquartered in Mumbai, Maharashtra. Arun Mehta established SBICap Securities as a full-service brokerage house.
It has provided brilliant services to all of its clients since its inception in 2006. The company’s innovative approach and transparent ways of conducting business have drawn a considerable number of clients towards it.
|About SBI Cap Securities|
|Know few details about SBI Cap Securities|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Arun Mehta|
|When did the company started?||2006|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by SBI Cap Securities?
SBICap Securities Demat Account opening charge is nominal and can be easily afforded by any trader. The two Depository Participants involved with the broker house are NSDL and CDSL. SBICap Securities Account Opening charge is Rs. 0 only.
Annual maintenance of Rs. 350 is charged by the broker house on a DEMAT account. However, the AMC for a trading account is zero. The initial margin money that a trader has to maintain with the company is 75% Margin. The company does not provide a dematerialization facility.
|SBI Cap Securities Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with SBI Cap Securities|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat AMC?||Rs 350|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||No|
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Does SBI Cap Securities provide any Offers to their Clients?
Offers are meant for alluring customers, and like any other broker house, SBICap Securities has also got certain offers for its clients. SBICap Securities Offers flexible brokerage plans to the customers trading with them.
|SBI Cap Securities Offers|
|Here are the various offers provided by it|
|Does the broker provide a Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers a Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||No|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by SBI Cap Securities on various Segments?
SBICap Securities Brokerage Charges are quite nominal, and they give the freedom traders for trading as much as they want. Charges levied on equity delivery are 0.5%. The brokerage fee for equity intraday is 0.05%.
The company does not charge any fee from the traders for trading commodities. Their fees for equity futures lie in the range of 0.03% to 0.05%. For trading a single lot of equity options, the broker house has to be paid Rs. 50.
Charges for currency futures are 0.03%. The company levies a fee of Rs. 30 on each lot of currency options. A very minimum amount of Rs. 10 has to be paid by the clients as the brokerage on each transaction.
|SBI Cap Securities Brokerage Charges|
|Here you will find details of brokerage levied by SBI Cap on all segments|
|What are the Equity Delivery Charges?||0.50%|
|What are the Equity Intraday Charges?||0.05%|
|How much brokerage charged for Commodity Trading?||NA|
|What is the brokerage on Equity Futures?||0.05%|
|How much brokerage charged for Equity Options?||Rs 100 per lot|
|What is the brokerage on Currency Futures?||0.03%|
|What is the brokerage on Currency Options?||Rs 30 per lot|
|How much is the Minimum Brokerage required?||Rs.10 per Transaction|
|What is the Demat AMC?||Rs.350 per annum|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||75% Margin|
Does SBI Cap Securities levy any other charges apart from Brokerage?
Yes, like any other broking company, SBICap Securities also levies some additional charges apart from their brokerage fees as it is very less in amount. SBICap Securities Charges 0.00386% of the total return as their transaction fee.
The broker house levies an STT charge of 0.0126% on the total turnover. Their SEBI turnover charge is 0.00005%. SBICap Securities levies a minimal amount of Stamp Duty that depends upon the state of the transaction. The company charges 18% of GST on brokerage and transaction charges.
|SBI Cap Securities Charges|
|Get deep understanding of all other charges levied by it|
|How much is the Transaction Charges levied?||0.00386% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|What are the SEBI Turnover charges?||0.00005% (₹5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by SBI Cap Securities?
SBICap Securities Exposure to trading various products is quite high in comparison to many other brokerage houses. Leverage of up to 1 time is allowed on equity delivery.
Exposure to equity intraday is higher, and it can reach up to 5 times. SBICap Securities Margin on equity futures and equity options are up to 1 time each. The limit on currency futures is up to 1 time and that on currency options is up to 1 time.
|SBI Cap Securities Exposure or Leverage|
|Here you will find the exposure or limit provided by it|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||NA|
How to Open SBICap Securities Demat & Trading Account?
Some elementary steps have to be followed to Open SBICap Securities Demat Account or trading account.
The whole process of account opening is operated online, and therefore you can get it done from the comforts of your home.
There is no need to stand in a long queue or wait for hours to get your accounts activated. The whole process is very fast and smooth, and you can check them out below.
- Just below this article, you will find a button “Open Demat Account” which you will have to click.
- As soon as you click the button, you will get a pop-up form
- On this form, you will find all the details of opening a DEMAT account with the broker house.
- A form is available these which you will have to fill up very carefully
- After filling up the form, submit it and then head on to your KYC verification process
- For KYC verification, the original copies of your AADHAAR Card, PAN Card, Voter ID Card, address proof, the current statement of your bank account, etc. will be needed
- You will have to scan these documents and upload them on the page
- After your KYC verification is done, you will be contacted by the representatives of SBICap Securities, and they will guide you through the rest of the procedure
- Then your DEMAT account will be activated, and you can start trading
The same steps have to be followed if you want to Open SBICap Securities Trading Account
Open Demat Account Now – Fill up the Form Below
What are the various Trading Platforms provided by SBI Cap Securities?
All the trading platforms maintained by the company are innovative and provide various types of useful services.
They can be easily relied upon and are very easy to operate. SBICap Securities Trading Platforms include trading terminals, mobile apps, and web-based trading platforms. We shall discuss the below:
SBICap Securities Trading Terminal: SBI Smart Express
There is an SBICap Securities Trading Terminal for both Mac and Windows systems separately. You will need to have a steady internet connection, and the trading terminals can be easily operated from personal computers.
SBICap Securities Web-Based Trading Platform: SBI Smart Trade Web Platform
The web-based trading platform of the company can be accessed from both computers and mobile phones. It is flexible and allows users to access various useful futures. You can open the web-based trading platform of the company from any web browser you have installed on your device.
SBICap Securities Mobile App: SBI Smart Money Mobile App
There is an advanced SBICap Securities Mobile App designed for Android and iOS. It means that you can access the app from both Android Smartphones and iPhones and iPads.
|SBI Cap Securities Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in SBI Cap Securities Trading Applications?
All three trading applications maintained by the broker house have got brilliant features that are very rare to find in other companies’ apps. We shall learn about the features here:
SBICap Securities Trading Terminal: SBI Smart Express Features
- It provides market updates on the current time
- Traders can view the details of their portfolios from the SBICap Securities Trading Terminal
- Clients can buy mutual funds online through this software
- It can be easily installed on computers and laptops
- There are useful tips on stocks provided by the company
- Clients can receive personalized advice through this software if they opt for
- SMS and email alerts are provided
- More than one account can be managed from the trading terminal of SBICap Securities
SBICap Securities Web-Based Trading Platform: SBI Smart Trade Web Platform Features
- The SBICap Securities Web Trading platform is very flexible and can be easily operated by the traders
- It displays the latest updates on the stock market
- Traders can manage more than one account of theirs in this trading platform
- There is provision for interactive charting
- The company provides research reports to traders through the web-based platform
- Clients can receive alerts through SMS and email
The SBICap Securities Mobile App: SBI Smart Money Mobile App Features
- Clients get access to their portfolios through the app
- The SBICap Securities Trading App is capable of providing live market data
- It has got the feature of multiple account management
- Traders can get notifications through SMS and email from this app
- There are options for trading mutual funds
- Various advice on stocks is available here
|SBI Cap Securities Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||No|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||No|
|Are these platforms having Stock Tips?||Yes|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a Multi-Account Management solution?||Yes|
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What are the various Products provided by SBI Cap Securities?
The list of SBICap Securities Products comprises equity, currency, options, and futures among others. Clients can use mutual funds from the company.
They allow trading Forex and have the facility of SIP. Traders can also get the facilities of several banking products and Insurance from the broker house.
|SBI Cap Securities Products|
|Here are the various products provided by SBI Cap|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||No|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||Yes|
|Does the broker have Banking products?||Yes|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by SBI Cap Securities?
SBICap Securities Services include all types of premium services that can help traders in every way. There are services of DEMAT and trading for the clients. SBICap Securities offers three in one account that combines DEMAT, Trading, and Savings accounts.
They have services of intraday and IPO along with useful recommendations for stocks. Clients can avail of the facility of the Portfolio Management Service from SBICap Securities. Very high trading exposure of up to 5 times is offered by the company to the traders.
|SBI Cap Securities Services|
|Check out the various services provided by SBI Cap|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||Yes|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does SBI Cap Securities provide Research & Advisory to their clients?
The company shares SBICap Securities Research Reports along with fundamental reports. Clients receive company reports, and SBICap Securities evaluates the annual reports of other companies. They share use reviews on stocks along with IPO reports with the clients.
The broker house provides top picks to the traders, but SBICap Securities Tips on stocks are not shared for free of cost. There are facilities for monthly and weekly reports. Clients can get the help of Relationship Managers. SBICap Securities Advisory can be availed offline.
|SBI Cap Securities Research, Advisory & Stock Tips|
|Here are the various research activities are done by SBI Cap|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of SBI Cap Securities?
SBICap Securities Customer Care is on duty 24*7 and provides dedicated dealers to the clients. Traders can trade online and offline with the company.
Their chat support number is 18002099345 and are active round the clock. SBICap Securities have got 225 branches all across the nation.
|SBI Cap Securities Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||1800 209 9345|
|How many Branches the stock broker has?||225|
Are there any Complaints filed against SBI Cap Securities by their clients?
SBICap Securities Complaints registered with BSE are 196 and out of those 153 are already resolved. They have 218 complaints lodged against them with NSE and 200 are solving them.
|SBI Cap Securities Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||196|
|How many of these complaints have been Resolved in BSE?||153|
|What is the total number of Complaints Lodged in NSE?||218|
|How many of these complaints have been Resolved in NSE?||200|
What are the Advantages / Benefits of SBICap Securities Trading Account?
- It is effortless to access an SBICap Securities Trading Account
- They levy less amount of brokerage charges on various segments
- The trading platforms maintained by the company are highly advanced
- Traders get a very high trading exposure that can reach up to 5 times
- They offer useful tips on trading
- The customer care service is brilliant and is available 24*7
What are the SBI Cap Securities Review & Ratings as per their Customer?
SBICap Securities Ratings on research and advisory is 6 points, and that on brokerage charges is 5.4 points. The products offered and trading platforms maintained by the company have received 5 points each.
Clients have given 6 points to SBICap Securities for their experience. The broker house has earned an average point of 5.4 along with three stars. One thousand three hundred eighty-six people have helped us form this SBICap Securities Review with their opinions about the company.
|SBI Cap Securities Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.0/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||5.4/10|
|Types of Products & Services the Brand provides||5.0/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||5.0/10|
|Experience in the Broking Business||6.0/10|
|Total Avg. Rating of Broking House||5.4/10|
|Star Rating given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||1386|
SBICap Securities Conclusion
After reading this SBICap Securities Review, you must have gained a good deal of knowledge about the company. You need to open a DEMAT account with SBICap Securities to avail the series of services they offer to the traders.
Open Demat Account Now – Fill up the Form Below