Jainam Broking Limited vs SBI Securities

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

Jainam Broking Limited
Jainam Broking Limited
Full-Service Broker · since 2003
VS
SBI Securities
Full-Service Broker · since 2006
SBI Securities

Jainam Broking Limited vs SBI Securities — quick verdict

Choose Jainam Broking Limited if

You want research and offline support

Investing with Trust.

Choose SBI Securities if

You want research and offline support

Investing Made Easy.

Company overview

Jainam Broking Limited is a full-service broker incorporated in 2003; SBI Securities is a full-service broker incorporated in 2006.

ParameterJainam Broking LimitedSBI Securities
Type of broker Full-Service Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2003 older 2006
Number of branches 100+ 1,000+ SBI Investor Service Centres & Ba wider
Active clients 2 Lakh+ ~13.7 lakh larger

Charges & AMC

Account-opening and maintenance charges for Jainam Broking Limited and SBI Securities compared side by side.

ParameterJainam Broking LimitedSBI Securities
Trading a/c opening ₹0 (Online) ₹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) ₹15.93 per debit transaction (including GST) ₹15.34 per debit transaction lower

Brokerage charges

How Jainam Broking Limited and SBI Securities price each trading segment, per executed order.

ParameterJainam Broking LimitedSBI Securities
Equity Delivery 0.30% 0.50%
Equity Intraday 0.03% 0.05%
Equity Futures 0.03% 0.05%
Equity Options ₹20 per executed order ₹50 per executed order
Currency F&O Not Available 0.05%
Commodity F&O 0.03% 0.05%
Call & Trade ₹20 per executed order ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Jainam Broking Limited and SBI Securities, per segment.

ParameterJainam Broking LimitedSBI 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%)
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%)
Currency Futures — NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%)
Currency Options — NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%)

Demat & DP charges

Depository (demat) charges for Jainam Broking Limited and SBI Securities — AMC, debit transactions, pledging and remat.

ParameterJainam Broking LimitedSBI 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 ₹15.93 per debit transaction (including GST) —
Pledge / Unpledge Charges ₹25 + 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 Jainam Broking Limited and SBI Securities.

ParameterJainam Broking LimitedSBI 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) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across Jainam Broking Limited and SBI Securities.

ParameterJainam Broking LimitedSBI Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✕ No ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Jainam Web, Jainam Mobile App, Jainam Trade Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Intraday square-off 3:15 PM 3:15 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), SIP Investment 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 Jainam Broking Limited and SBI Securities.

ParameterJainam Broking LimitedSBI Securities
Trading platforms offered Jainam Web, Jainam Mobile App, Jainam Trade Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Number of platforms 3 3
Platforms (summary) Jainam Web, Jainam Mobile App, Jainam Trade Terminal SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for Jainam Broking Limited and SBI Securities across the key parameters.

Rated onJainam Broking LimitedSBI Securities
Fees 4 4.2 better
Brokerage 4.1 4.2 better
Trading platform 4.2 4.3 better
Customer service 4.5 better 4.4
Research 4.6 better 4.5
Overall 4.2 4.3 better

Investment options

Which investment products Jainam Broking Limited and SBI Securities let you access.

ParameterJainam Broking LimitedSBI 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 Jainam Broking Limited and SBI Securities.

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

Safety & credibility

SEBI registration, financial strength and complaint record for Jainam Broking Limited and SBI Securities.

ParameterJainam Broking LimitedSBI Securities
SEBI registration INZ000209933 INZ000200032
NSE member code 90484 13018
Year of incorporation 2003 longer track record 2006
Net worth ₹150+ Cr ₹1,000+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.004% fewer complaints 0.088%

Complaints record

Exchange complaint data for Jainam Broking Limited and SBI Securities — the ratio matters more than the raw count.

ParameterJainam Broking LimitedSBI Securities
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 2,08,614 13,69,945 larger base
Complaints filed 9 1,208
Complaint ratio 0.004% fewer complaints 0.088%

Pros & cons

The main advantages and drawbacks of each broker.

Jainam Broking Limited

▲ Pros

  • ✓ Personalized investment advisory and relationship managers.
  • ✓ Strong equity and commodity research support.
  • ✓ Offers stocks, F&O, commodities, IPOs, mutual funds, bonds, SIPs, and insurance.
  • ✓ Easy-to-use web, mobile, and desktop trading platforms.
  • ✓ Good customer support with regional branch presence.
  • ✓ Suitable for long-term investors seeking research-backed recommendations.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Limited branch network compared to larger national brokers.
  • ✕ Call & Trade charges apply.
  • ✕ Advanced wealth management services may be available only for select clients.
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.
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Compare SBI Securities with

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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.