HDFC Sky₹20 per order on options · delivery ₹20 or 2.5%, whichever is lower
- Options brokerage
- ₹20 per order
- Account opening
- ₹0
- Demat AMC
- Free in year 1; then ₹20 a month
Broker comparison
HDFC Sky vs.
SBI Securities
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
See comparisonHDFC Sky
SBI SecuritiesVS
Summary
Your goal decides
With one lot per order, HDFC Sky charges less options brokerage (₹20 per order). HDFC Sky: Flat-fee trading app of HDFC Securities, a bank-backed broker. SBI Securities: Bank-backed broker of the SBI group; on its free-opening Suvidha plan, options are charged per lot. Statutory charges such as STT are the same at both.
HDFC SkyFlat-fee trading app of HDFC Securities, a bank-backed broker.
SBI SecuritiesBank-backed broker of the SBI group; on its free-opening Suvidha plan, options are charged per lot.
At a glance
The key differences
| Criterion | HDFC Sky | SBI Securities |
|---|---|---|
| Platforms | HDFC Sky app and web, NxtOption, TradingView, Open API | SBI Securities app and web, TradingView charts, Options Arena |
| Product types | Indian Stocks, F&O, Commodities | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order on options · delivery ₹20 or 2.5%, whichever is lower | ₹50 per lot (Suvidha plan) on options · delivery 0.50% (Suvidha plan) |
| Account opening | ₹0 | ₹0 (Suvidha plan) |
| Demat AMC | Free in year 1; then ₹20 a month | Free in year 1; then the standard DP AMC (amount not stated on the plan page) |
| Regulation | SEBI INZ000186937 | SEBI INZ000200032 |
| More information | Details | Details |
Platforms
HDFC Sky
HDFC Sky app and web, NxtOption, TradingView, Open API
SBI Securities
SBI Securities app and web, TradingView charts, Options Arena
Product types
HDFC Sky
Indian Stocks, F&O, Commodities
SBI Securities
Indian Stocks, F&O, Commodities
Options trading
HDFC Sky
Yes: NSE and BSE index and stock options
SBI Securities
Yes: NSE and BSE index and stock options
Fee model
HDFC Sky
₹20 per order on options · delivery ₹20 or 2.5%, whichever is lower
SBI Securities
₹50 per lot (Suvidha plan) on options · delivery 0.50% (Suvidha plan)
Account opening
HDFC Sky
₹0
SBI Securities
₹0 (Suvidha plan)
Demat AMC
HDFC Sky
Free in year 1; then ₹20 a month
SBI Securities
Free in year 1; then the standard DP AMC (amount not stated on the plan page)
Regulation
HDFC Sky
SEBI INZ000186937
SBI Securities
SEBI INZ000200032
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
HDFC SkySBI Securities₹50 per lot (Suvidha plan) on options · delivery 0.50% (Suvidha plan)
- Options brokerage
- ₹50 per lot (Suvidha plan)
- Account opening
- ₹0 (Suvidha plan)
- Demat AMC
- Free in year 1; then the standard DP AMC (amount not stated on the plan page)
The relevant costs depend on market, currency, order size and trading style.
Real costs
What 20 options trades a month cost
HDFC Sky
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
SBI Securities
- Brokerage per lot
- ₹50
- All charges, 20 round trips
- ₹2,668
- Per year
- ₹32,019
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Execution quality
Order type, venue and liquidity affect execution.
HDFC SkyCheck the provider’s execution policy and available order types for your account.
Provider informationSBI SecuritiesCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
HDFC SkyIndian StocksF&OCommodities
SBI SecuritiesIndian StocksF&OCommodities
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
HDFC SkyHDFC Sky app and web, NxtOption, TradingView, Open API
Flat-fee trading app of HDFC Securities, a bank-backed broker.
Explore platformSBI SecuritiesSBI Securities app and web, TradingView charts, Options Arena
Bank-backed broker of the SBI group; on its free-opening Suvidha plan, options are charged per lot.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
HDFC SkyFlat-fee trading app of HDFC Securities, a bank-backed broker.
- Flat ₹20 per order on options
- No account opening charge and no AMC in the first year
- AMC of ₹20 a month from the second year
- ₹50 + GST for each position the broker squares off
SBI SecuritiesBank-backed broker of the SBI group; on its free-opening Suvidha plan, options are charged per lot.
- No account opening charge on the Suvidha plan
- Options Arena for options trading
- Per-lot options brokerage on the Suvidha plan
- Other plans have different rates: read the plan table
Your questions
Frequently asked questions
Is HDFC Sky or SBI Securities cheaper for options trading?
With one lot per order, HDFC Sky charges less options brokerage (₹20 per order). Orders of several lots change the comparison, because per-lot brokerage grows with the number of lots. STT, exchange charges, the SEBI fee and stamp duty are the same at both.
Are HDFC Sky and SBI Securities regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both HDFC Sky and SBI Securities?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.
Your next step
Your next step
HDFC SkyFlat-fee trading app of HDFC Securities, a bank-backed broker.
Open accountSBI SecuritiesBank-backed broker of the SBI group; on its free-opening Suvidha plan, options are charged per lot.
Open account