Is Sharekhan free?

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Is Sharekhan free as of September 2024?

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Sharekhan

3.3/5

Minimum deposit

Stock fee

High

Inactivity fee

Account opening

1-3 days

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Overview of Sharekhan fees and charges

Sharekhan's fees are considered high. This is because of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of Sharekhan can still make it a good choice for you. Such features may include its research tools, education section or the general user experience you get on its trading platforms.

Here's a high-level overview of Sharekhan's fees

Sharekhan Fees snapshot
Assets	Fee level	Fee terms
US stock fee	-	Not available
EURUSD fee	-	FX not available
US mutual fund fees	-	Not available
Inactivity fee	Low	No inactivity fee

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Sharekhan fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.

A commission is either fixed or based on the traded volume.
A spread is the difference between the buy price and the sell price.
A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.

Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Sharekhan fees with its closest competitors, Zerodha and Interactive Brokers.

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Sharekhan trading fees

We consider Sharekhan's trading fees high, as they exceed those of most competitors.

Let's break down trading fees according to the different asset classes available at Sharekhan.

Trading fees

Sharekhan's trading fees are high.

Stock fees and ETF fees

Sharekhan has high stock trading fees.

Stock fees of a $2,000 trade
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	- Not available	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	- Not available	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
German stock Estimated commission of a $2,000 trade	- Not available	- Not available	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000

Data updated on September 23, 2024

Forex fees

Sharekhan's forex fees are .

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	- EURUSD is not available	- EURUSD is not available	$13.3
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	- EURGBP is not available	- EURGBP is not available	$13.3

Data updated on September 23, 2024

Fund fees

Sharekhan fund fees are .

Fees of a $2,000 fund purchase
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	- Not available	- Not available	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 18,000 funds with no transaction fee
EU mutual fund Subscription fee of a $2,000 face value European stock fund	- Not available	- Not available	$4.4 0.1% of trade value with €4 min and €29 max

Data updated on September 23, 2024

Bond fees

Sharekhan has bond fees.

Fees of a $10,000 bond trade
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	- Not available	- Not available	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	- Not available	- Not available	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

Data updated on September 23, 2024

Options fees

Sharekhan's options fees are .

Options fees for 10 contracts
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
US stock options Estimated commission for opening 10 contracts	- Not available	- Not available	$6.5 Less than 10,000 contracts per month and for a 10 contract trade: $0.65 per contract with a $1 minimum fee
US stock index options Estimated commission for 10 contracts	- Not available	- Not available	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min
UK stock index options Estimated commission for 10 contracts	- Not available	- Not available	$21.3 £1.7 per contract with £1.7 min
German stock index options Estimated commission for 10 contracts	- Not available	- Not available	$18.4 €1.7 per contract with €1.7 min

Data updated on September 23, 2024

Futures fees

Sharekhan's futures fees are .

Stock index futures fees for 10 contracts
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
US micro e-mini stock index futures Estimated commission for 10 contracts	- Not available	- Not available	$2.5 $0.25 per contract
UK stock index futures Estimated commission for 10 contracts	- Not available	- Not available	$21.3 £1.7 per contract with £1.7 min
German e-mini stock index futures Estimated commission for 10 contracts	- Not available	- Not available	$8.6 €0.80 per contract with €0.80 min

Data updated on September 23, 2024

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Sharekhan non-trading fees

When it comes to non-trading fees, Sharekhan is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Sharekhan that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Sharekhan stacks up in terms of non-trading fees
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free withdrawal	$0 One free per month, after that $10
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	No No inactivity fee
Account fee Monthly account fee	Yes Rs 100-750 depending on the value of transfers. No account fee, if Demat account has a balance over Rs 50k	Yes Rs 300 + 18% GST yearly maintenance fee for Equity and Commodity accounts. Corporate accounts have an Rs 1000 + 18% yearly maintenance fee	No No account fee

Data updated on September 23, 2024

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Sharekhan

3.3/5

Minimum deposit

Stock fee

High

Inactivity fee

Account opening

1-3 days

Visit Sharekhan

Sharekhan deposit fee

Usually, brokers don't charge anything for deposits, and Sharekhan is no different.

Sharekhan deposit methods
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No IBKR debit cards are available for US customers
Electronic wallets Electronic wallets are available for deposit	No	Yes	No
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit

Data updated on September 23, 2024

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Sharekhan withdrawal fee

Sharekhan generally doesn't charge a withdrawal fee.

Sharekhan withdrawal fees and options compared
	Sharekhan Sharekhan	Zerodha Zerodha	Interactive Brokers Interactive Brokers
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No IBKR debit cards are available for US customers
Electronic wallets Electronic wallets are available for deposit	No	Yes	No
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free withdrawal	$0 One free per month, after that $10

Data updated on September 23, 2024

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Sharekhan inactivity fee

Sharekhan does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.