Here is a point by point comparison of SBI Securities Vs Fyers. SBI Securities is a bank based stock broker and is the trading arm of SBI (State Bank of India). Established in 2006, SBI Securities is one of the trustable brands in India, however, it has a quite a lot of room to improve in the kind of values it brings to the table.
FYERS is a discount broker but launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.
Full service brokers such as SBI Securities will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Discount brokers such as Fyers offer trading services at much cheaper brokerage rates and reasonable customer service. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between SBI Securities Vs Fyers to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with SBI Securities Vs Fyers for the benefits of other readers. Please feel free to share in the comments below.