The comparison between SBI Securities, Anand Rathi, and ICICI Direct highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Sbi Securities is known for its user-friendly trading experience and reliability, while Anand Rathi stands out for offering competitive brokerage rates and an advanced mobile trading platform. Icici Direct provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 991,155 active, 149,849, and 99 Lakhs users respectively, reflecting their popularity among investors. Overall, this comparison of SBI Securities, Anand Rathi, and ICICI Direct helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their offerings. SBI Securities provides 4 for Overall Rating, while Anand Rathi offers 4 and ICICI Direct features 4.
| Services / Features | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 991,155 active | 149,849 | 99 Lakhs |
| Broker Overview | SBI Securities Review | Anand Rathi Review | ICICI Direct Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between SBI Securities, Anand Rathi, and ICICI Direct reveal significant differences in their offerings. SBI Securities provides N/A trading and demat account opening, while Anand Rathi offers N/A and ICICI Direct features N/A.
| Account Opening Charges and AMC | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Trading Account Opening | — | — | — |
| Trading AMC | — | — | ₹300 per year |
| Demat Account Opening | — | — | — |
| Demat AMC | — | — | ₹300 per year |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their offerings. SBI Securities provides Available plans, while Anand Rathi offers - and ICICI Direct features N/A.
| Brokerage Plans | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Multiple Plans | Available | - | — |
| Monthly Plans | - | - | — |
| Yearly Plans | Available | - | — |
Brokerage Charges
This comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their brokerage charges. SBI Securities charges N/A brokerage on equity delivery and intraday, N/A for futures, and N/A for options. Anand Rathi charges 0.20% brokerage on equity delivery and intraday, 0.02% for futures, and Rs 50 per lot for options. ICICI Direct charges 0.29% brokerage on equity delivery and intraday, 0.022%/0.007% for Prime plans for futures, and ₹49 per lot or ₹9 per lot for the Prime 9,999 plan for options.
| Brokerage Charges | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Plan Name | - | - | |
| Equity Delivery | 0.20% | 0.29% | |
| Equity Intraday | 0.02% | 0.022% or 0.007% | |
| Equity Futures | 0.02% | 0.022%/0.007% for Prime plans | |
| Equity Options | Rs 50 per lot | ₹49 per lot or ₹9 per lot for the Prime 9,999 plan | |
| Currency Futures | 0.02% | ₹20 per order | |
| Currency Options | Rs 20 per lot | ₹20 per order | |
| Commodity Futures | 0.02% | ||
| Commodity Options | Rs 100 per lot | ||
| Hidden Charges | No | No | Zero |
| Call & Trade Charges | ₹20 per executed order | 50 + GST | ₹50 per order |
| Auto Square Off Charges | ₹40 per order | 50 + GST | ₹50 per order |
| Brokerage Calculator |
Transactions Charges
This comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their transactions. SBI Securities provides NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) for Transaction Charges Equity Delivery, while Anand Rathi offers NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) and ICICI Direct features NSE: 0.00307% | BSE: 0.00375%.
| Transactions Charges | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00307% | BSE: 0.00375% |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00307% | BSE: 0.00375% |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00183% | BSE: 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) | NSE: 0.03553% (on premium) | BSE: 0.0325% (on premium) |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | — |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | — |
| Commodity | — | — | 0.0418% on Premium |
Account Features
These are the notable distinctions in the account features of SBI Securities, Anand Rathi, and ICICI Direct when compared.
| Account Features | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| 3-in-1 Account | Yes | No | Yes |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | Yes |
Trading Platforms
The trading platforms comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their offerings. SBI Securities, Anand Rathi and ICICI Direct provide web trading platforms and mobile trading platforms.
| Trading Platforms | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | SBI Securities | Anand Rathi | ICICI Direct |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Download | |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Nil | Nil |
Broker Ratings
The broker ratings comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their offerings. SBI Securities provides 4.2 for Fees Ratings, while Anand Rathi offers 4.2 and ICICI Direct features 4.3.
| Broker Ratings | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Fees Ratings | 4.2 | 4.2 | 4.3 |
| Trading Brokerage Rating | 3.8 | 4.2 | 4.4 |
| Trading Platform Usability | 3.9 | 4 | 4.4 |
| Customer Service Ratings | 3.9 | 3.9 | 4.3 |
| Overall Ratings | 3.9 | 4 | 4.3 |
Investment Offerings
This comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their investment offerings. SBI Securities provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Anand Rathi provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and ICICI Direct provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | Yes | No | Yes |
| Insurance | Yes | No | Yes |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support Offered
This comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their customer support offerings. SBI Securities provides Yes Customer Service, while Anand Rathi offers No and ICICI Direct features Yes.
| Customer Support Offered | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| 24/7 Customer Service | Yes | No | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | — | 1800 420 1004 | — |
| Through Branches | Yes | Yes | — |
| Customer Care Number | 02268545555 | 0291 666 1001 | 022 3355 1122 |
| Account Opening Process | Online/offline | Online/Offline | Online/Offline |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | — | — |
| Head Office Address | Marathon Futurex, B-wing, 12th Floor, Lower Parel East, Mumbai – 400013 | Express Zone A Wing 10th Floor, Western Express Highway, Goregaon East, Mumbai – 400063 | ICICI Venture House, |
| Website | https://www.sbisecurities.in/ | https://anandrathi.com/ | https://www.icicidirect.com/ |
Research and Reports
The research and reports comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their offerings.
| Research and Reports | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between SBI Securities, Anand Rathi, and ICICI Direct reveals significant differences in their demat account charges. SBI Securities provides CDSL & NSDL for DP Source, while Anand Rathi offers CDSL & NSDL and ICICI Direct features NSDL & CDSL.
| Demat Account Charges | SBI Securities | Anand Rathi | ICICI Direct |
|---|---|---|---|
| DP Source | CDSL & NSDL | CDSL & NSDL | NSDL & CDSL |
| DP ID | NSDL: IN300351, IN301397, IN301444, IN302531 | 437-2019 | — |
| Demat Account Annual Maintenance Charges (AMC) | — | — | Rs 700 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | Rs 15 Per ISIN [For POA clients]; Rs 25 Per ISIN [For Non POA clients] | — |
| Demat | Rs 5 per cert + Rs 35 courier charges per request | Rs 3 per certificate + Rs 35 per request | ₹50 |
| Remat | Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity | Rs 15 for every 100 securities or a Flat fee of Rs 15 per certificate | ₹25 + CDSL charges |
| Pledge Creation | 0.02% of Value or Min Rs 25/- whichever is higher | 0.01% of value or min Rs 50 per request | ₹25 + GST |
| Pledge Creation Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | Nil | ₹25 + GST |
| Pledge Closure | 0.02% of Value or Min Rs 25/- whichever is higher | 0.01% of value or min Rs 50 per request | ₹25 + GST |
| Pledge Closure Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | Nil | ₹25 + GST |
| Pledge Invocation | 0.02% of Value or Min Rs 25/- whichever is higher | 0.01% of value or min Rs 50 per request | ₹25 + GST |
| Failed Instruction Charges | Rs 10 per failed instruction | Rs 25 per Instruction | NA |
| Other Charges | — | — | NA |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| SBI Securities |
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| Anand Rathi |
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| ICICI Direct |
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Frequently Asked Questions
The account opening charges vary significantly: SBI Securities charges Not specified, Anand Rathi charges Not specified, and ICICI Direct charges Not specified. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: SBI Securities offers Not specified for equity intraday, Anand Rathi provides 0.02%, and ICICI Direct charges 0.022% or 0.007%. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: SBI Securities offers 4, Anand Rathi provides 4, and ICICI Direct features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: SBI Securities has 4 support, Anand Rathi offers 4, and ICICI Direct provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: SBI Securities with 3.9, Anand Rathi with 4, and ICICI Direct with 4.4. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: SBI Securities (Yes), Anand Rathi (Yes), and ICICI Direct (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: SBI Securities offers user-friendly platforms with educational resources, Anand Rathi provides competitive pricing with intuitive interfaces, and ICICI Direct combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: SBI Securities focuses on intuitive design and quick execution, Anand Rathi emphasizes advanced charting and analysis tools, while ICICI Direct balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
SBI Securities
Anand Rathi
