FxPro's websiteSBI Securities in India — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%no data
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- SBI Securities Ltd
- Founded
- 1944
- Currencies
- INR.
- Swap-free account
- no
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- SBI Securities Ltd
- Local standing
- SEBI-regulated domestic full-service broker (bank-backed).
- Licence as the register states it
- SEBI Stock Broker INZ000200032; NSE/BSE/MCX member; DP registration IN-DP-314-2017 (CDSL/NSDL).
- Leverage for this entity
- Intraday & e-margin per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
- The firm behind it
- Founded 2006; stock-broking arm of State Bank of India group.
- What we hold against it
- Backed by SBI group; no major SEBI action verified. Some user complaints on higher standard-plan brokerage.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday & e-margin per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic full-service broker (bank-backed).
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, Standard percentage plan plus one-time-fee plans (₹499, Pro ₹749, OIOP tiers). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where SBI Securities sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking (SBI and other banks).
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- SBISmart web and mobile app
- Fast Trade terminal
| Class | Leverage |
|---|---|
| SBISmart web and mobile app | —IN |
| Fast Trade terminal | —IN |
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence INZ000200032, read on 09.07.2026
- Safety 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 15 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 10IN
- Min deposit, USD
- 100 groupIN
- Rank in this country
- #21
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | SBI Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does SBI Securities accept residents of India?
- Yes. SEBI-regulated domestic full-service broker (bank-backed). Onboarding entity: SBI Securities Ltd
- Is SBI Securities licensed to serve clients in India?
- SEBI Stock Broker INZ000200032; NSE/BSE/MCX member; DP registration IN-DP-314-2017 (CDSL/NSDL). Checked on 09.07.2026.
- Which trading platforms does SBI Securities support?
- SBISmart web and mobile app, Fast Trade terminal. Instruments: Equity delivery/intraday, F&O, currency, commodity, mutual funds, IPO, third-party products.
- How can I withdraw money from SBI Securities in India?
- UPI, net-banking (SBI and other banks).
- What account types does SBI Securities offer?
- Demat+Trading; Standard percentage plan plus one-time-fee plans (₹499, Pro ₹749, and OIOP tiers).
- Does SBI Securities offer a swap-free (Islamic) account?
- No. SBI Securities publishes no swap-free (Islamic) account for India.