SBICAP Securities Vs Progressive Share Brokers
SBICAP Securities
SBICAP Securities is a full service Broker. SBICAP Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages, SBICAP loan facilities, SBICAP Mutual Funds, SBICAP is a Trusted Brand of India with its strong presence in the Indian Brokerage Industry
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
SBICAP Securities Vs Progressive Share Brokers - Broker Details
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1986 | 1996 |
| Exchanges | NSE, BSE | NSE, BSE, MCX and NCDEX |
| Branches | 141+ | 3 |
| Brokerage | 0.075% | 0.04% per order |
| Broker Type | Full service Broker | Full Service Broker |
SBICAP Securities Vs Progressive Share Brokers - Account Opening & AMC Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹850/- | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹750 (₹500/- for e-statement) | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
SBICAP Securities Vs Progressive Share Brokers - Brokerage charges & Plans
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.04% per order |
| Currency Futures | Intraday:- ₹50 | Delivery:- ₹100/- | 0.04% per order |
| Equity Delivery | Intraday:- 0.075% | Delivery:- 0.50% | 0.35% per order |
| Equity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹35 per lot |
| Commodity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹35 per lot |
| Equity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.04% per order |
| Currency Options | Intraday:- ₹20 | Delivery:- ₹30/- | ₹15 per lot |
| Fixed Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
| Equity Intraday | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
SBICAP Securities Vs Progressive Share Brokers - Other Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹10/Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
| Minimum Brokerage | ₹20/Order | 0.04% per order |
SBICAP Securities Vs Progressive Share Brokers - Transaction Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Currency Options | NSE: 0.05515% ( ₹5515/Crore) | Exchange txn charge: 0.035% |
| Equity Futures | NSE:- 0.002206% ( ₹221/Crore) | NSE: 0.0019% |
| Equity Intraday | NSE: 0.00386% | BSE: 0.00384% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE- 0.05515% (Rs.5515/crore) | NSE: 0.05% (on premium) |
| Commodity | N/A | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | 0.002206% | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE: 0.00386% | BSE: 0.00384% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
SBICAP Securities Vs Progressive Share Brokers - Margin (Exposure)
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
SBICAP Securities Vs Progressive Share Brokers - Features
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. SBISmart Portal (Web-based trading platform). 2. SBISmart Xpress (Desktop Trading Software). 3. SBISmart Lite (Website Trading). 4. SBISmart Mobile App. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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SBICAP Securities Vs Progressive Share Brokers - Review & Rating
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
SBICAP Securities Vs Progressive Share Brokers - Request a call back from Broker
| SBICAP Securities | Progressive Share Brokers | |
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SBICAP Securities Vs Progressive Share Brokers - Investment Options
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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SBICAP Securities Vs Progressive Share Brokers - Order Type
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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SBICAP Securities Vs Progressive Share Brokers - Research & Report
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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SBICAP Securities Vs Progressive Share Brokers - Daily Market Report
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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SBICAP Securities Vs Progressive Share Brokers - Suitable For Investor
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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SBICAP Securities Vs Progressive Share Brokers - Pros & Cons
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Pros | 1. Arm of most trusted and largest bank of India i.e. State Bank of India (SBI). 2. 115+ branches across India. 3. Provides 3-in-1 account. 4. SBI Smart app and YONO app for resident Indians and NRIs. 4. Research reports and advisory services. 5. Online and offline trading facility. 6. Trade on call facility. 7. Full-service broker. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1.Very high brokerage in comparison to the online discount stock broker. 2.Call and trade is free for first 30 calls, after that it is charged at ₹10/Call. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
SBICAP Securities Vs Progressive Share Brokers - Background
| SBICAP Securities | Progressive Share Brokers | |
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SBICAP Securities Vs Progressive Share Brokers - Compare All Brokers
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
SBICAP Securities Vs Progressive Share Brokers - STT/CTT
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
SBICAP Securities Vs Progressive Share Brokers - Demat transaction charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹10 per request |
SBICAP Securities Vs Progressive Share Brokers - GST
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
SBICAP Securities Vs Progressive Share Brokers - SEBI Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
SBICAP Securities Vs Progressive Share Brokers - Account Opening & AMC Charges
SBICAP Securities
Progressive Share Brokers
Trading Account Opening Charge
₹850/-
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹750 (₹500/- for e-statement)
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
SBICAP Securities Vs Progressive Share Brokers
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
SBICAP Securities Review | Brokerage Charges, Account OpeningIncorporated in 2006 as a stock broking brand of State Bank of India Group and a fully owned subsidiary of SBI Capital Markets Limited (SBICAPS). Currently, SBI Capital Markets Ltd. has four subsidiaries. • SBICAP Securities Limited • SBICAP V .. + " Vs "+ Progressive Share Brokers |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
SBICAP Securities Vs Progressive Share Brokers - Brokerage charges & Plans
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.04% per order |
| Currency Futures | Intraday:- ₹50 | Delivery:- ₹100/- | 0.04% per order |
| Equity Delivery | Intraday:- 0.075% | Delivery:- 0.50% | 0.35% per order |
| Equity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹35 per lot |
| Commodity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹35 per lot |
| Equity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.04% per order |
| Currency Options | Intraday:- ₹20 | Delivery:- ₹30/- | ₹15 per lot |
| Fixed Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
| Equity Intraday | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
SBICAP Securities Vs Progressive Share Brokers - Margin (Exposure)
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
SBICAP Securities Vs Progressive Share Brokers - Other Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹10/Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.04% per order |
| Minimum Brokerage | ₹20/Order | 0.04% per order |
SBICAP Securities Vs Progressive Share Brokers - STT/CTT
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
SBICAP Securities Vs Progressive Share Brokers - Demat transaction charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹10 per request |
SBICAP Securities Vs Progressive Share Brokers - GST
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
SBICAP Securities Vs Progressive Share Brokers - SEBI Charges
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
SBICAP Securities Vs Progressive Share Brokers - Features
| SBICAP Securities | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. SBISmart Portal (Web-based trading platform). 2. SBISmart Xpress (Desktop Trading Software). 3. SBISmart Lite (Website Trading). 4. SBISmart Mobile App. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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