Is Sharekhan free?
Overview of Sharekhan fees and charges
When it comes to brokerage fees, Sharekhan is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether Sharekhan fees are beneficial for you. Continue reading about Sharekhan fees and charges to see if this is the right broker for you, or if a similar broker like Zerodha or Interactive Brokers might suit you better.
Here's a high-level overview of Sharekhan's fees
|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|
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.
Sharekhan's trading fees are average.
Stock fees and ETF fees
Sharekhan has average stock trading fees.
Sharekhan's forex fees are high.
|EURUSD benchmark fee||-||-||$7.4|
|EURGBP benchmark fee||-||-||$10.7|
Sharekhan fund fees are .
|EU mutual fund||-||-||$4.4|
Sharekhan has bond fees.
|US Treasury bond||-||-||$5.0|
|EU government bond||-||-||$10.0|
Sharekhan's options fees are .
|US stock options||-||-||$6.5|
|US stock index options||-||-||$6.5|
|UK stock index options||-||-||$22.1|
|German stock index options||-||-||$13.2|
Sharekhan's futures fees are .
|US micro e-mini stock index futures||-||-||$2.5|
|UK stock index futures||-||-||$22.1|
|German e-mini stock index futures||-||-||$9.6|
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.
Sharekhan deposit fee
Usually, brokers don't charge anything for deposits, and Sharekhan is no different.
Sharekhan withdrawal fee
Sharekhan generally doesn't charge a withdrawal fee.
|Withdrawal fee for bank transfer||$0||$0||$0|
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).