SBICAP Securities Review

SBICAP Securities (SSL) is one of the trustworthy Bank Promoted full-service share brokers in India. SBICAP Securities is a subsidiary of State Bank of India that belongs to SBI Group. Not to mention, the State Bank of India (SBI) is the largest bank in India.

SBICap Securities is registered with the Securities Exchange Board of India (SEBI). Until now, they are registered under the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The broker offers 3-in-1 Demat account to its clients, where the customers don’t need to transfer funds between bank and trading account.

That means you can directly invest funds from your bank account. Furthermore, the company offers constant up-gradation in their system to make trading and invest experience smoother. Despite continuous innovation, somewhere they lack in technology.

Another key point you will find about the SBICap securities is that both residents and Non-residents can invest in various securities through their online websites and mobile applications.

Hence, it serves different customers segment, including retail, institutional, and NRI clients (except US, UK, Japan, and Canada).

Without delay, let’s move ahead to know the reviews like Account opening charges, brokerage charges, and advantages the SBI Securities.

SBI Securities services

SBI Securities provide various products and services such as:

• Equity, 
• Derivatives, 
• Currency Trading
• Initial Public Offers (IPOs)
• NRI Demat account
• Mutual Funds
• ETFs
• Private wealth management, 
• Loans

Significant achievements by SBI Securities Ltd

There are various achievement made by the company in the finance sector, including

• The Asset Triple A Asia Infrastructure Awards awarded SBI as the Project finance house of the year 2019.
• Ranked No. 1 – APAC Project Finance by Financial Adviser.
• Ranked No. 1 – Asia Pacific & Japan Project Finance Loans Mandated Arranger.

SBI Securities Charge List 2020

Account Opening Fee And AMC Of SBICAP Securities

For initiating trading, users need to open their trading and Demat account. Here are the details on account opening and maintenance charges.

Brokerage Of SBICAP Securities

Here are the brokerage charges of SBI Securities across various segments

Note: SBI doesn’t allow commodity trading.

SBI Securities Margin

If you want to trade using the margin facility, then these are the SBICap securities margin

SBICAP Securities Trading Software/Apps 

Being the largest stockbroker, SBI Securities offers in-house trading platforms across the desktop, laptop, web, and mobile phones. Thus, it makes SBI services more reliable.

SBI Smart Web

SBI Smart Web is a browser-based trading platform, where you can directly access by clicking here https://www.sbismart.com/.

Users don’t have to download or install anything. You can log in to the platform by providing the credentials and start trading.

It is not necessary to use it on a laptop or desktop; you can use it on a smartphone as well. Using the smart web gives you a broader view of technical analysis in the long run.

Features of SBI Smart Web

• Technical and fundamental analysis 
• Fund transfer facility
• Live market updates
• 360-degree view stock

Video Of How to Trade On SBI Smart Web

SBI Smart Express

SBI Smart Express is a terminal-based platform that means users need to download and then install on your computer or laptop for using it.

Accordingly, traders looking for quick order execution with high performing platform can use this. At the same time, you can take benefit from higher ROI and good wealth creation.

Features of SBI Smart Express

• Fundamental and technical analysis with preloaded historical data
• Indicators like charts
• Trading research calls and reports 
• Various reports such as position, marked to market profit & loss etc.

SBI Smart Money Mobile App

Usually, people prefer to trade through their mobile. Likewise, for providing the mobile trading platform, SBI offers a Smart mobile app known as the SBI Smart Mobile App. However, the user’s experience on the mobile app in terms of performance is average. Although it is well designed and has a user-friendly interface, sometimes the user faces the issue while operating the app’s functions. Major concern includes delay in placing orders, consistent slow performance, etc. 

In short, the mobile app is convenient to trade from anywhere with just a good internet connection. 

Features of SBI Smart Money Mobile App

• Live market messages and quotes
• Track live markets of NSE and BSE during trading 
• Place, modify or cancel orders
• Create a stock watch list

SBI Securities Mobile Trading App Demo

Advantages of SBI Securities

Here are the advantages that make it different from others:

• 3-in-1 trading account
• 30 free calls in a month
• Research tips and reports
• Highly trustable brands 

Disadvantages of SBI Securities

On the other hand, like others, the SBI also has some disadvantages 

• Low customer support
• Very high brokerage 
• No separate mutual fund platform

Customer support

SBI Securities offers multiple channels to support their clients through Customer care toll-free phone numbers (1800-209-9345), web-form, email ([email protected]), and branch visits.

Even though they have many communication channels, yet it’s better to keep your expectations low with their customer service. 

Conclusion

To summarize, on the positive side, SBIcap is most reliable for any potential investor with negligible chances of scam. Furthermore, excellent research tips and advice make SBICAPS superior as compared to other stock brokers. 

Above all, if you are a regular trader, then you will end up paying huge brokerage in intraday trading comparatively other brokers. So, from an intraday brokerage point of view, you should give a thought once.