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Is Sharekhan free?

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
6d ago
Personally tested
Data-driven
Independent

Is Sharekhan free as of June 2024?

BrokerChooser score
3.3 3.3 /5
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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
US stock
-
-
$1.0
UK stock
-
-
$3.8
German stock
-
-
$3.2

Data updated on June 17, 2024

Forex fees

Sharekhan's forex fees are .

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
EURUSD benchmark fee
-
-
$13.3
EURGBP benchmark fee
-
-
$13.3

Data updated on June 17, 2024

Fund fees

Sharekhan fund fees are .

Fees of a $2,000 fund purchase
Mutual fund
-
-
$15.0
EU mutual fund
-
-
$4.4

Data updated on June 17, 2024

Bond fees

Sharekhan has bond fees.

Fees of a $10,000 bond trade
US Treasury bond
-
-
$5.0
EU/UK government bond
-
-
$10.0

Data updated on June 17, 2024

Options fees

Sharekhan's options fees are .

Options fees for 10 contracts
US stock options
-
-
$6.5
US stock index options
-
-
$6.5
UK stock index options
-
-
$21.3
German stock index options
-
-
$18.4

Data updated on June 17, 2024

Futures fees

Sharekhan's futures fees are .

Stock index futures fees for 10 contracts
US micro e-mini stock index futures
-
-
$2.5
UK stock index futures
-
-
$21.3
German e-mini stock index futures
-
-
$8.6

Data updated on June 17, 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
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
Yes
Yes
No

Data updated on June 17, 2024

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BrokerChooser score
3.3 3.3 /5
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Sharekhan deposit fee

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

Sharekhan deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No Yes No
Deposit fee
$0
$0
$0

Data updated on June 17, 2024

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Sharekhan withdrawal fee

Sharekhan generally doesn't charge a withdrawal fee.

Sharekhan withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No Yes No
Withdrawal fee for bank transfer
$0
$0
$0

Data updated on June 17, 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.

author image
Gyula Lencsés, CFA
Author of this article
Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.
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