SBIcap Securities: Overview
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of ‘BQ1’ (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct and hassle free cash transactions. This account includes SBI bank account, Demat account and Trading account and can also be opened via the YONO application they offer. You only need one app offered by SBI Bank as a one-step solution for banking, investment, trading, insurance and even shopping needs.
In addition to this, SSL offers research and analytical tools and calculators for insights and expert advice. They pride themselves as the most trusted Demat account provider as a participant of both NSDL and CDSL. People who do not wish to use the online portals can also avail the services offered by the company by just visiting a branch, getting in touch with a relationship manager (RM), dial the company’s trade number or simply ask their financial advisor for assistance.
However, the call and trade facility is Rs.10 per call with a max 3 scripts enquired on 1 call after the first 30 free calls. SBI securities has a comparatively higher brokerage than online discount brokers .
SBI Trading Tools and Platforms
Trading in both BSE and NSE, SBI Securities Ltd offers 4 trading softwares to its customers:
1. SBISmart Portal:
The web-based trading platform offers a variety of trading, investment and lending Services. It is a free online platform that includes features of SBI Smart portal includes trading in multiple segments, Customisable dashboard with desired widgets and windows, an exclusive market watchlist to keep a close watch on the shares you are trading with and discontinue any which are not performing as per your requirements.
2. SBISmart Xpress:
It is desktop terminal based software that allows heavy traders high quality performance and fast order execution. This trading software uses historical data for fundamental and technical analysis. Like the Smart Portal, it also offers a personalised look of the user interface and even colour changing options to make it more creative. You can live-stream market news and get on-screen alerts on the terminal.
3. SBISmart Mobile App:
It is a mobile application which allows the user to trade on his finger tips, wherever and whenever. it is curated in a manner that it is suited for beginners as well as pro and frequent traders. You can execute, modify or cancel the pending transactions or payments instantly through the app.
4. SBISmart Lite:
It is low bandwidth website of the SBISmart Portal. It is simplified version the web-based portal and takes up less data. It can be used as a on-the-go website for fast and convenient transactions even through your smartphone. You can find the option of ‘LITE login’ on the SBI CAP securities official website wherein you can put in your details and use the LITE version.
SBIcap Securities: Account Opening Process
Now, lets get a quick idea as to, how to open an account with SBI Cap Securities?
- You can open an online instant account by visiting the SBISmart official website.
- When you click on ‘open account’, the 3-in-1 account details will appear .
- Fill up the online form and the executive will get in touch with you within 1-2 business days.
- There is a one-time account fee applicable i.e Rs 850 and Rs500 as Annual Maintenance charges.
- You can also give a missed call at 092667 92667 and follow up will be taken by an executive.
SBIcap Securities: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹850 |
| Demat Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹350 |
SBIcap Securities: Commodity Trading
SBI CAP Securities is a leading security service provider in India. By using the SBI CAP Securities you can avail yourself services such as equity, derivatives, mutual fund, online trading, online IPO, depository, portfolio management, and so on.
So now one of the essential questions arises here that if you can perform commodity trading by using SBI CAP Securities or not? If yes, then how can you do the same? Here in this article, we are particularly going to look into it.
Can you do commodity trading in SBI CAP Securities?
The answer to this question can be both yes and no. You cannot use the SBI Securities 3-in-1 account for trading in commodities derivatives such as crude oil, gold, silver, or copper at MCX.
However, you can invest in commodity products where Exchange Traded Funds are available such as gold. In India, therefore, you can use SBI Securities 3-in-1 account to invest in gold as a commodity product. But for that, you need to commodity segment for your account. You can easily do so by following the below-mentioned steps:
Step 1: For activating the commodity segment for your trading account, you need to give online consent to www.sbismart.com
Step 2: Now you need to provide your PAN and GST number (if available), next select the appropriate income details from the drop-down, along with the details regarding the years of experience in Commodity trading and Nominee details (optional).
Step 3: Upon entering your PAN, it will check whether the account is active and whether the FNO segment is allowed.
Step 4: After doing successful PAN verification and accepting the terms and conditions, an OTP will be sent on the mobile number and email ID registered with the SBI Securities 3-in-1 account.
Step 5: Finally, after successful OTP verification, a request to activate commodity trading will be accepted and the process will be initiated.
Conclusion
So that’s it! We hope you got your answer regarding the commodity trading in SBI CAP Securities. If you have any other queries, feel free to comment down below and let us know the same.
SBIcap Securities: Currency Trading
SBI CAP Securities is a leading security service provider in India. By using the platform one can easily trade in equities, derivatives such as commodity and currency, mutual funds, online IPOs, depositories, and so on. SBI CAP Securities offer a 3 in 1 account, which can be accessible 24/7 even in low bandwidth.
So now one of the essential questions arises here that if you can perform currency trading by using SBI CAP Securities or not? If yes, then how can you do the same? Which currencies are supported by SBI CAP Securities? If you are looking to find the answer to these questions, then this article is for you.
Can you perform currency trading in SBI CAP Securities?
The answer to this question is yes. Through SBI CAP Securities, anyone can trade in currency derivative contracts to hedge against currencies such as US Dollar, Euro, U.K. Pound, and Japanese Yen. To execute currency trading in SBI CAP Securities, you need to follow the below-mentioned steps.
Step 1: To do currency trading log into your account and navigate to the new order section under trade menu bar.
Step 2: To start placing an order in currency features, choose the option called “FUTCUR” from the drop-down. For currency options, choose the option called “OPTCUR” from the drop-down.
Step 3: Select the exchange as “CD” and enter the first few characters of the contract name and then select your preferred contract from the list of suggestions.
Step 4: Now select the date of expiry of your desired contract from the drop-down and click on “Go”.
Step 5: The details of the contract will now appear on your screen. Now, here click on “Buy” to place a buy order or sell for placing a sell transaction.
Step 6: Now select your desired product as “Normal” or “Intraday” and select your desired order type as limit, market, SL-L, or SL-M.
Step 7: Enter the number of lots you wish to buy or sell in the quantity field and select the validity.
Step 8: Finally, click on “Buy” or “Sell” to trade currencies features or options.
This was about currency trading with SBI Cap Securities.
Conclusion
So now you have it. This is how you can perform currency trading in SBI CAP Securities. For any queries regarding the SBI CAP Securities currency trading free to comment down below.