SBI Securities⭐ 8.0/10
Fyers⭐ 9.4/10SBI Securities vs Fyers Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Fyers is the Clear Winner
Fyers is the superior choice for most traders and investors due to its higher overall rating of 9.4/10 compared to SBI Securities's 8.0/10. Key strengths include Excellent TradingView integration (Fyers Web) and A robust platform beloved by technical analysts..
📊 Charges & Pricing Comparison
| Fee / Segment | SBI Securities | Fyers |
|---|---|---|
| Account Opening Fee | Rs 850 (approx) | Free |
| Account AMC (Annual) | Rs 750 / year | Free |
| Equity Delivery | 0.50% | Rs 0 |
| Intraday Brokerage | 0.05% | Rs 20 or 0.03% |
| Futures & Options | Rs 50 per order (approx) | Rs 20 per order |
| Commodity Trading | N/A | Rs 20 per order |
| Other / DP Charges | Extensive full-service charges | DP charges apply |
| Account Opening Time | 24 Hours | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | SBI Securities | Fyers |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ✅ Yes | ❌ No |
| Trading API Access | ❌ No | ✅ Free API |
| Advanced Charts | ❌ No | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
SBI Securities Pros & Cons
Pros
- ✅ Immense trust factor
- ✅ Seamless 3-in-1 account integration
- ✅ Relationship manager service
Cons
- ❌ Very high brokerage costs (percentage based)
- ❌ Outdated legacy technology
Fyers Pros & Cons
Pros
- ✅ Excellent TradingView integration (Fyers Web)
- ✅ Free API
- ✅ Thematic investing included
Cons
- ❌ No mutual fund SIPs integrated natively
- ❌ Smaller community vs Zerodha
❓ FAQs: SBI Securities vs Fyers
Which is cheaper between SBI Securities and Fyers?
SBI Securities charges 0.50% for delivery trades and 0.05% for intraday, with an AMC of Rs 750 / year. Meanwhile, Fyers charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Free. In terms of onboarding costs, SBI Securities is Rs 850 (approx) compared to Fyers's Free.
Who has a better mobile app: SBI Securities or Fyers?
SBI Securities's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Fyers's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is SBI Securities safer to use than Fyers?
Both SBI Securities and Fyers are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, SBI Securities has a rating of 8.0/10, reflecting their complaint ratio and client size, while Fyers has a rating of 9.4/10.