Question 1

Is SBI Securities regulated and safe for investors?

Accepted Answer

SBI Securities is a regulated and safe broker for investors. It is registered with the Financial Services Agency (FSA) of Japan and holds a retail forex license with license number 関東財務局長(金商)第44号. The company has a strong capital base and has been operating for over 15 years with an AAA influence rating. Being legally registered under FSA and operating under strict regulations ensures investor protection and security of funds.

Question 2

What are the trading fees and costs associated with SBI Securities?

Accepted Answer

SBI Securities has a clear and transparent fee structure for various asset classes. The brokerage fees include 0.50% for equity delivery, 0.08% for equity intraday trading, 0.03% to 0.05% for equity futures, Rs.50 per lot for equity options, 0.02% for currency futures, and Rs.20 per lot for currency options. There are no brokerage fees for commodity trading as it is not available. Additionally, a minimum brokerage charge of Rs.10 per transaction applies. Other charges include transaction brokerage of 0.00384% of total turnover, SEBI turnover charges of 0.0002%, stamp duty as per state, GST of 18% on brokerage and transaction charges, STT of 0.0126%, and call and trade charges of Rs.10 per call after 30 free calls monthly.

Question 3

How can I open a trading account with SBI Securities, and what are the associated costs?

Accepted Answer

Opening an account with SBI Securities is straightforward through their official website, where you can submit details such as name, phone number, and email. Required documents include Aadhaar card, PAN card, and income proofs. The account opening charge for a Demat/trading account is Rs.850, though it can be free during limited promotional periods. Annual Maintenance Charges (AMC) for the Demat account are Rs.350 per year, while trading AMC is free. SBI Securities uses CDSL and NSDL as depositories for holding securities in electronic form.

Question 4

Does SBI Securities offer beginner-friendly services and trading platforms?

Accepted Answer

SBI Securities is a full-service broker that offers comprehensive advisory services and a range of investment products, which can be useful for beginners. However, beginners should note that brokerage charges are generally higher than discount brokers, which might not be cost-effective for very low-volume trading. The broker offers user-friendly trading platforms such as HYPER SBI designed for accessibility and ease of use, compatible with Windows and macOS desktops, as well as mobile apps for iOS and Android. The platforms support a range of functionalities important for new traders, including easy order placing and market alerts.

Question 5

What trading platforms are available at SBI Securities and on which devices?

Accepted Answer

SBI Securities offers multiple trading platforms tailored for different devices and trading needs. The flagship platform is HYPER SBI, available on Windows and macOS desktops, designed for stock traders with comprehensive trading tools. They also provide mobile trading apps for iOS and Android devices, enabling on-the-go trading. Additionally, various product-specific apps and web platforms are provided for retail and general investors. However, there is no trading app available for Windows mobile or other mobile operating systems.

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