5paisa vs SBI Securities

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
SBI Securities
Full-Service Broker · since 2006
SBI Securities

5paisa vs SBI Securities — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose SBI Securities if

You want research and offline support

Investing Made Easy.

Company overview

5paisa is a discount broker incorporated in 2007; SBI Securities is a full-service broker incorporated in 2006.

Parameter5paisaSBI Securities
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2007 2006 older
Number of branches 20+ Branches 1,000+ SBI Investor Service Centres & Ba wider
Active clients 38 Lakh+ larger ~13.7 lakh

Charges & AMC

Account-opening and maintenance charges for 5paisa and SBI Securities compared side by side.

Parameter5paisaSBI Securities
Trading a/c opening ₹0 ₹0 (Free)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹300 + GST per year ₹0 (Free for the first year), thereafter as per applicable tariff plan lower
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹15.34 per debit transaction lower

Brokerage charges

How 5paisa and SBI Securities price each trading segment, per executed order.

Parameter5paisaSBI Securities
Equity Delivery ₹20 per executed order 0.50%
Equity Intraday ₹20 per executed order 0.05%
Equity Futures ₹20 per executed order 0.05%
Equity Options ₹20 per executed order ₹50 per executed order
Currency F&O ₹20 per executed order 0.05%
Commodity F&O ₹20 per executed order 0.05%
Call & Trade ₹100 per executed order ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and SBI Securities, per segment.

Parameter5paisaSBI Securities
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Futures NSE: 0.00173% NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%)
Currency Futures NSE: 0.00035% NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%)
Currency Options NSE: 0.03110% (on premium) NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Cr (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Cr (0.05%)

Demat & DP charges

Depository (demat) charges for 5paisa and SBI Securities — AMC, debit transactions, pledging and remat.

Parameter5paisaSBI Securities
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹0 (First Year), thereafter as per tariff
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions —
Pledge / Unpledge Charges ₹20 + GST per request —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil Nil
Transaction Charges (Sell) — ₹15.34 per debit transaction
Pledge Creation / Invocation — ₹25 + GST per request
Remat — ₹25 per certificate + applicable charges

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and SBI Securities.

Parameter5paisaSBI Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin norms (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across 5paisa and SBI Securities.

Parameter5paisaSBI Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) 3-in-1 account, MTF, research reports, IPO investment, mutual funds, ETFs and fixed-income products.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and SBI Securities.

Parameter5paisaSBI Securities
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for 5paisa and SBI Securities across the key parameters.

Rated on5paisaSBI Securities
Fees 4.8 better 4.2
Brokerage 4.9 better 4.2
Trading platform 4.5 better 4.3
Customer service 4.2 4.4 better
Research 4 4.5 better
Overall 4.5 better 4.3

Investment options

Which investment products 5paisa and SBI Securities let you access.

Parameter5paisaSBI Securities
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and SBI Securities.

Parameter5paisaSBI Securities
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and SBI Securities.

Parameter5paisaSBI Securities
SEBI registration INZ000010651 INZ000200032
NSE member code 11104 13018
Year of incorporation 2007 2006 longer track record
Net worth ₹1,201.91 Cr stronger ₹1,000+ Cr
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002 fewer complaints 0.088%

Complaints record

Exchange complaint data for 5paisa and SBI Securities — the ratio matters more than the raw count.

Parameter5paisaSBI Securities
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 16,82,541 larger base 13,69,945
Complaints filed 29 1,208
Complaint ratio 0.002 fewer complaints 0.088%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
SBI Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with SBI Bank.
  • ✓ Trusted SBI Group full-service broker.
  • ✓ Comprehensive equity research and investment recommendations.
  • ✓ Trade in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Advanced web and mobile trading platforms.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Wide branch network and customer support.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Demat AMC may apply after the promotional period.
  • ✕ Call & Trade service is chargeable.
  • ✕ Advanced trading tools are limited compared to some competitors.
  • ✕ Certain services and brokerage plans have eligibility conditions.
Open 5paisa Account Open SBI Securities Account

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Compare SBI Securities with

SBI Securities vs Zerodha SBI Securities vs Angel One SBI Securities vs Upstox SBI Securities vs Groww SBI Securities vs ICICI Direct SBI Securities vs Kotak Neo SBI Securities vs HDFC Securities SBI Securities vs Motilal Oswal SBI Securities vs Paytm Money SBI Securities vs Mirae Asset Sharekhan SBI Securities vs Axis Direct SBI Securities vs Choice Broking SBI Securities vs m.Stock SBI Securities vs Sahi SBI Securities vs FYERS Securities SBI Securities vs SMC Global SBI Securities vs Anand Rathi SBI Securities vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.