SBI Securities⭐ 8.0/10
Upstox⭐ 9.2/10SBI Securities vs Upstox Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Upstox is the Clear Winner
Upstox is the superior choice for most traders and investors due to its higher overall rating of 9.2/10 compared to SBI Securities's 8.0/10. Key strengths include Backing of top investors and A powerful, tech-first platform backed by Ratan Tata..
📊 Charges & Pricing Comparison
| Fee / Segment | SBI Securities | Upstox |
|---|---|---|
| Account Opening Fee | Rs 850 (approx) | Free |
| Account AMC (Annual) | Rs 750 / year | Rs 150 / year |
| Equity Delivery | 0.50% | Rs 20 or 0.1% |
| Intraday Brokerage | 0.05% | Rs 20 or 0.05% |
| 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 | Standard DP charges |
| Account Opening Time | 24 Hours | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | SBI Securities | Upstox |
|---|---|---|
| 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- ❌ Outdated legacy technology
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
❓ FAQs: SBI Securities vs Upstox
Which is cheaper between SBI Securities and Upstox?
SBI Securities charges 0.50% for delivery trades and 0.05% for intraday, with an AMC of Rs 750 / year. Meanwhile, Upstox charges Rs 20 or 0.1% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. In terms of onboarding costs, SBI Securities is Rs 850 (approx) compared to Upstox's Free.
Who has a better mobile app: SBI Securities or Upstox?
SBI Securities's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Upstox'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 Upstox?
Both SBI Securities and Upstox 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 Upstox has a rating of 9.2/10.