Is Sharekhan free?

Sharekhan fees
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 - Not available
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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Sharekhan fees
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 fees
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 Zerodha Interactive Brokers
US stock - - $1.0
UK stock - - $4.2
German stock - - $3.6

Forex fees

Sharekhan's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Sharekhan Zerodha Interactive Brokers
EURUSD benchmark fee - - $10.7
EURGBP benchmark fee - - $10.7

Fund fees

Sharekhan fund fees are .

Fees of a $2,000 fund purchase
Sharekhan Zerodha Interactive Brokers
Mutual fund - - $15.0
EU mutual fund - - $4.4

Bond fees

Sharekhan has bond fees.

Fees of a $10,000 bond trade
Sharekhan Zerodha Interactive Brokers
US Treasury bond - - $5.0
EU government bond - - $10.0

Options fees

Sharekhan's options fees are .

Options fees for 10 contracts
Sharekhan Zerodha Interactive Brokers
US stock options - - $6.5
US stock index options - - $6.5
UK stock index options - - $23.8
German stock index options - - $13.2

Futures fees

Sharekhan's futures fees are .

Stock index futures fees for 10 contracts
Sharekhan Zerodha Interactive Brokers
US micro e-mini stock index futures - - $2.5
UK stock index futures - - $23.8
German e-mini stock index futures - - $9.6

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Sharekhan fees
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 Zerodha Interactive Brokers
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee Yes Yes No

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Sharekhan fees
Sharekhan deposit fee

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

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

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Sharekhan fees
Sharekhan withdrawal fee

Sharekhan generally doesn't charge a withdrawal fee.

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

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Sharekhan fees
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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Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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