SBI Securities Review 2026
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About SBI Securities
SBI Securities Limited is a full-service stockbroker and a wholly owned subsidiary of the State Bank of India (SBI). Established in 2006, the broker offers trading and investment services across equities, derivatives, currencies, mutual funds, IPOs, ETFs, bonds and other investment products. Customers benefit from seamless integration with SBI Bank accounts, comprehensive research reports, multiple trading platforms and nationwide service support. SBI Securities caters to both retail and long-term investors looking for a trusted banking-backed brokerage.
| Broker type | Full-Service Broker |
|---|---|
| SEBI Registration | INZ000200032 |
| NSE Member code | 13018 |
| Net worth | ₹1,000+ Cr |
| Year of incorporation | 2006 |
| Exchange membership | NSE · BSE · MCX |
| Account opening charge | ₹0 (Free) |
| Demat AMC | ₹0 (Free for the first year), thereafter as per applicable tariff plan |
SBI Securities brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | ₹50 per executed order |
| Currency F&O | 0.05% |
| Commodity F&O | 0.05% |
SBI Securities trading platforms
SBI Smart Web
Browser-based trading platform with live market data, advanced charts and order placement.
SBI Securities Mobile App Mobile
Android and iOS application for trading, portfolio tracking and investing.
SBI Smart Xpress Desktop
Desktop trading terminal designed for active traders with advanced trading tools.
SBI Securities pros & cons
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.
SBI Securities margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | As per SEBI peak margin norms | Up to 5x |
| F&O (Eq/Curr/Comm) | SPAN + Exposure Margin | 1x |
SBI Securities ratings & reviews
How to open a SBI Securities account
Sign up on the SBI Securities website or mobile application.
Complete KYC using PAN, Aadhaar and bank account details.
Upload the required documents online.
Complete Aadhaar-based eSign verification.
Your trading and demat account will be activated after successful verification.
SBI Securities complaints (exchange data)
Complaints filed against SBI Securities at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025-26 | 13,69,945 | 1,208 | 0.088% |
| NSE | 2024-25 | 13,43,793 | 1,314 | 0.098% |
| NSE | 2023-24 | 12,41,065 | 781 | 0.063% |
| NSE | 2022-23 | 10,90,309 | 287 | 0.026% |
Compare SBI Securities with other brokers
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