Silverexchin vs 99Exch – Complete Comparison Guide 2026

Introduction

In the fast‑evolving world of online brokerage, traders constantly search for platforms that combine low costs, robust technology, and top‑tier security. Two names that frequently appear in the Indian market are Silverexch and 99Exch. Both claim to cater to retail investors, day traders, and institutional clients, but they differ in how they implement key features such as fee structures, product offerings, and user experience. This guide provides a comprehensive, side‑by‑side analysis of the two platforms as of 2026, helping you decide which broker aligns best with your trading style and financial goals.

Company Background and Regulatory Standing

Silverexch Overview

Silverexch was founded in 2018 and quickly positioned itself as a technology‑first brokerage. The firm is registered with the Securities and Exchange Board of India (SEBI) as a stock broking company and is a member of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Its corporate headquarters are in Mumbai, and the firm emphasizes algorithmic trading tools, API access, and a transparent pricing model.

99Exch Overview

99Exch entered the market in 2020, targeting price‑sensitive retail investors. Like Silverexch, it holds SEBI registration and memberships with NSE and BSE. Its branding focuses on ultra‑low brokerage rates and a simplified mobile experience. Over the past six years, 99Exch has expanded its product suite to include futures, options, currencies, and a modest selection of mutual funds.

Account Opening Process

Both brokers require standard KYC documentation: PAN, Aadhaar, address proof, and a bank account link. However, the user journey differs in terms of speed and support.

Silverexch Registration Steps

The onboarding flow is fully digital, with e‑KYC verification completed within minutes. New users are guided through a series of screenshots that explain each field, and a live chat assistant is available 24/7. For those unfamiliar with the platform, a dedicated tutorial titled How to get Silverexch ID walks newcomers through the entire registration, from document upload to account activation.

99Exch Registration Steps

99Exch also offers an online KYC portal, but the verification may take up to 48 hours during peak periods. The platform provides a video walkthrough, yet it lacks a real‑time chat option. Users must rely on email support for clarification, which can add slight delays for first‑time traders.

Fee Structure Comparison

Cost is often the deciding factor for traders, especially those who execute high‑frequency strategies.

Brokerage Fees

• Silverexch: Flat‑rate brokerage of Rs. 15 per executed order for equity delivery, with a 0.03% charge on intraday and derivatives trades (capped at Rs. 75 per order).
• 99Exch: Zero‑brokerage on equity delivery and a minimal 0.025% charge on intraday and derivatives (capped at Rs. 20 per order).

Other Charges

Both platforms levy standard regulatory fees (SEBI turnover fee, GST, etc.). Silverexch adds a nominal ₹5 charge for margin funding, while 99Exch offers free margin funding for the first three months as an introductory incentive.

Trading Platforms and Technology

Desktop and Web Interface

Silverexch’s web platform is built on a modular architecture, allowing traders to customize dashboards, add multiple watchlists, and integrate third‑party charting libraries. The interface supports multi‑leg order entry and advanced order types such as iceberg, TWAP, and VWAP.

99Exch’s web portal focuses on simplicity. It presents a clean interface with basic charting tools and a limited set of order types (market, limit, stop‑loss). While easy for beginners, it may feel restrictive for seasoned traders seeking granular control.

Mobile Applications

Both brokers have iOS and Android apps, but they differ in feature depth.

• Silverexch Mobile: Offers real‑time market depth, algorithmic order placement via APIs, and a built‑in technical analysis suite. The app also supports push notifications for price alerts and order status.
• 99Exch Mobile: Prioritizes a lightweight design with fast load times. It includes basic charting, instant order execution, and a simple portfolio tracker.

API and Algo Trading

Silverexch provides a robust RESTful API with WebSocket streams for market data, order management, and account information. Documentation is extensive, and the firm hosts monthly webinars for developers.

99Exch recently launched a limited API, offering only order placement and status retrieval. The API lacks real‑time market feed, making it less suitable for high‑frequency algo traders.

Product Portfolio

Both brokers cover the core Indian market segments, but Silverexch has a broader international reach.

Equities and Derivatives

Silverexch allows trading across NSE, BSE, and regional exchanges. It also supports options on equities, currency futures, and commodity futures. 99Exch provides the same, though its commodity offering is limited to gold and silver contracts.

Mutual Funds and ETFs

Silverexch features a curated list of over 150 mutual fund schemes and 30 ETFs, accessible via its platform and API. 99Exch offers a basic selection of 40 mutual funds and 12 ETFs, primarily focused on large‑cap indices.

International Exposure

Through partnerships, Silverexch enables Indian investors to trade US equities and ETFs via a cross‑border gateway, subject to RBI regulations. 99Exch currently does not support direct overseas trading.

Security and Compliance

Security is non‑negotiable for any broker handling personal and financial data.

Data Encryption and Two‑Factor Authentication

Both platforms employ SSL/TLS encryption for data in transit and store passwords using salted hashes. Silverexch mandates two‑factor authentication (2FA) via OTP for every login, while 99Exch offers 2FA as an optional setting.

Segregated Client Funds

Silverexch maintains client funds in a separate bank account as per SEBI guidelines, ensuring that brokerage earnings are not mixed with user capital. 99Exch follows the same practice but provides less transparency in its periodic financial disclosures.

Audit and Regulation

Both firms undergo regular SEBI audits. Silverexch has published its audit reports on its website quarterly, whereas 99Exch releases annual summaries. For investors who prioritize regulatory visibility, Silverexch’s approach may be reassuring.

Customer Support and Education

Support Channels

Silverexch offers 24/7 live chat, email, and telephone support, with an average first‑response time of under two minutes on chat. 99Exch provides email and phone support during market hours and a ticketing system after hours.

Educational Resources

Silverexch runs a comprehensive knowledge hub, featuring video tutorials, webinars, and an extensive silverexch review section where users share experiences and strategies. 99Exch maintains a blog with basic trading tips but lacks a structured learning pathway.

Community Engagement

Silverexch hosts quarterly meet‑ups and an active Discord server for traders to discuss strategies. 99Exch’s community is limited to a Facebook group with occasional Q&A sessions.

Pros and Cons Summary

Aspect	Silverexch	99Exch
Brokerage Fees	Low, but not the absolute lowest	Zero‑brokerage on delivery
Platform Depth	Advanced charts, APIs, algo support	Simple, beginner‑friendly
Product Range	Extensive, includes international equities	Core Indian products only
Mobile App	Feature‑rich with alerts	Fast and lightweight
Customer Service	24/7 live chat	Hours‑based support
Security	Mandatory 2FA, frequent audits	Optional 2FA, annual audit

Who Should Choose Silverexch?

Active day traders, algorithmic developers, and investors seeking a broad product suite will benefit from Silverexch’s sophisticated tools. Its robust API, international market access, and strong community resources make it suitable for professionals and serious hobbyists who value depth over sheer cost savings.

Who Should Choose 99Exch?

Beginners and cost‑conscious investors who prioritize low brokerage and a straightforward interface may find 99Exch more appealing. The platform’s simple mobile app and zero‑brokerage on deliveries lower entry barriers for those just starting their market journey.

Step‑by‑Step Registration Guide for New Users

For those interested in exploring Silverexch, the platform also provides a localized guide titled silverexch id kaise banaye. This resource walks Hindi‑speaking users through the entire registration workflow, from downloading the app to completing the e‑KYC.

Conclusion

Both Silverexch and 99Exch have carved distinct niches in the Indian brokerage landscape. Silverexch shines with its advanced technology stack, extensive product offerings, and proactive support, making it the go‑to choice for seasoned traders and developers. Conversely, 99Exch offers a minimalist, low‑cost experience that is ideal for newcomers and those who trade less frequently. By weighing factors such as fee sensitivity, required features, and desired level of support, you can select the platform that best aligns with your trading objectives for 2026 and beyond.