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Sharekhan Alternatives

Written by
Gyula L.
Fact checked by
Tamás D.
Updated
Jan 2024
Our top alternative brokers to Sharekhan

The best alternatives to Sharekhan are

  1. Zerodha - India-based discount broker
  2. Interactive Brokers - International broker providing all asset classes

Let's see in a bit more detail how the Sharekhan alternatives compare to Sharekhan and each other:

Sharekhan alternatives comparison
Overall score
3.3 stars 3.9 stars 4.9 stars
Fees score
0.7 stars 4.2 stars 4.3 stars
Account opening score
4.4 stars 1.3 stars 3.1 stars
Deposit and withdrawal score
2.0 stars 2.5 stars 3.3 stars
Web platform score
4.0 stars 3.8 stars 4.3 stars
Markets and products score
1.9 stars 1.9 stars 5.0 stars
Visit broker Visit broker

Why are these brokers considered good alternatives to Sharekhan? There are many areas based on which Sharekhan can be compared with others. When we say a given online broker is a good alternative to Sharekhan we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Sharekhan alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Sharekhan is recommended for traders and investors focusing on the indian market
  • Zerodha is recommended for traders and investors (including beginners) focusing on the indian market and looking for low fees
  • Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment

Important factors of finding Sharekhan alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Sharekhan or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Sharekhan is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Sharekhan alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Sharekhan, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Sharekhan alternative is a must.


Now let's dive into the details of how Sharekhan and its alternatives perform in the most important areas!

Zerodha

Zerodha is among the largest discount brokers in India with a wide range of products and free equity delivery. It is a good choice for beginner investors because of its easy-to-use trading platforms.

As a drawback, Zerodha is only available to Indian residents, it covers only the Indian market, and it takes quite a long time and some actual paperwork to open an account.

Recommended for traders and investors (including beginners) focusing on the Indian market and looking for low fees

Visit broker

Zerodha vs. Sharekhan: Trading fees
Zerodha vs. Sharekhan: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
>3 days 1-3 days

If you are interested more in Zerodha minimum deposit, this overview will help you.

Zerodha vs. Sharekhan: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Zerodha, a Sharekhan alternative
Zerodha vs. Sharekhan: Trading platform scores
Web platform score
3.8 stars 4.0 stars
Mobile platform score
4.3 stars 5.0 stars
Desktop platform score
- 3.3 stars

Learn more about Zerodha's web trading platform in the detailed Zerodha review.

Visit broker

Zerodha vs. Sharekhan: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes Yes
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes Yes
CFDs
No No
Crypto
No No

Interactive Brokers

Interactive Brokers (IBKR) is highly recommended for those seeking a broker with all-round great services at low fees.

It has an unrivaled selection of all asset types from exchanges across the globe, and offers many trading platforms with great functionality and advanced research.

The IBKR Global Trader app is a great way, even for beginners, to start trading stocks, ETFs, options and cryptos. Meanwhile, more experienced users can enjoy the complex capabilities of Trader Workstation at the other end of the spectrum.

Among the broker's drawbacks, account opening is long and tedious, some platforms may be too complex for beginner traders, and customer service can be busy.

In all, IBKR tops our list of brokerages: it is the highest-rated broker at BrokerChooser.

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers vs. Sharekhan: Trading fees
US stock
$1.0
-
UK stock
$3.8
-
German stock
$3.2
-
Interactive Brokers vs. Sharekhan: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

Interactive Brokers vs. Sharekhan: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No
No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Interactive Brokers, a Sharekhan alternative
Interactive Brokers vs. Sharekhan: Trading platform scores
Web platform score
4.3 stars 4.0 stars
Mobile platform score
4.3 stars 5.0 stars
Desktop platform score
3.8 stars 3.3 stars

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

Visit broker

Interactive Brokers vs. Sharekhan: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes Yes
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes Yes
CFDs
Yes No
Crypto
Yes
No

Sharekhan

Sharekhan is one of the first brokers to offer online trading in India and is regulated by the SEBI.

Sharekhan's mobile trading platform is user-friendly and well-equipped. The company offers some solid research to assist your trading decisions, while its customer support team gives quick and useful answers. It is a good choice for beginner investors.

On the other hand, Sharekhan gives you access only to Indian markets. Also, its stock and forex fees, while not excessive, are not very competitive on this market. Among other negatives, you can use only bank transfer for deposit and withdrawal.

BrokerChooser gave Sharekhan a 3.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Recommended for traders and investors focusing on the Indian market

Sharekhan alternatives trading fees
Sharekhan alternatives minimum deposit and account open times
Minimum deposit
$0
$0
$0
Time to open account
1-3 days >3 days 1-3 days

Learn more about Sharekhan minimum deposit here.

Sharekhan and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Withdrawal fee
$0
$0
$0
Sharekhan - Web trading platform
Sharekhan and alternatives trading platform scores
Web platform score
4.0 stars 3.8 stars 4.3 stars
Mobile platform score
5.0 stars 4.3 stars 4.3 stars
Desktop platform score
3.3 stars - 3.8 stars

Learn more about Sharekhan's web trading platform in the detailed Sharekhan review.

Sharekhan and alternatives markets and products
Stocks
Yes Yes Yes
ETFs
Yes Yes Yes
Forex
Yes Yes Yes
Funds
Yes Yes Yes
Bonds
Yes Yes Yes
Options
Yes Yes Yes
Futures
Yes Yes Yes
CFDs
No No Yes
Crypto
No No Yes

Bottom line

Based on our analysis, there are several good alternatives to Sharekhan. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Sharekhan alternatives
Broker intro
Recommended for
India-based stockbroker Traders and investors focusing on the Indian market
India-based discount broker Traders and investors (including beginners) focusing on the Indian market and looking for low fees
International broker providing all asset classes Traders looking for broad market access and a professional trading environment

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

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.

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.

Our top alternative brokers to Sharekhan

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