What Account Types and Fees Does SBI SECURITIES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual investors |
Low fees, access to various asset classes, educational resources |
Generally requires minimal documentation and is suitable for small to medium investments |
| Professional Account |
Experienced traders and professionals |
Higher leverage, advanced trading tools, lower spreads |
Requires proof of trading experience and may have minimum volume requirements |
| Corporate Account |
Businesses and institutions |
Customized services, bulk trading options, dedicated account management |
Documentation for corporate registration and financial statements required |
| Islamic Account |
Traders seeking Sharia-compliant options |
No swap rates, compliant with Islamic law |
Requires declaration of need for an Islamic account |
| Demo Account |
All types of traders |
Practice trading without risk, virtual funds provided |
Open to all; ideal for learning and testing strategies |
Account Opening Process
To open an account with SBI SECURITIES, follow these steps: start by submitting your personal information such as name, address, and contact details. Next, provide employment information, including your occupation and income sources. After that, you will need to submit financial information, including your bank details and financial status. Identity verification is mandatory, requiring documents such as a government-issued ID and proof of address (like a utility bill). The process allows for flexibility, enabling you to upgrade to a professional account later if your trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for GBP pairs |
| CFDs (Stock A) |
0.1% |
$5 per lot |
Varies by stock liquidity |
| CFDs (Index) |
0.5% |
$3 per lot |
Based on index volatility |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional fees may apply, including deposit and withdrawal fees, which can vary depending on the payment method. There may be inactivity fees if the account remains dormant for an extended period. Platform usage fees are typically not applicable, but some advanced tools may incur costs. Overnight interest (swap rates) will apply for positions held overnight, while currency conversion fees may be charged for trades involving different currencies.
