Overview of Sharekhan fees and charges
Sharekhan's fees are considered to be high. This is usually a result 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. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.
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 tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Sharekhan fees
Sharekhan fees explained
We compare Sharekhan fees with its closest competitors, Zerodha and Interactive Brokers.
Sharekhan fees
Sharekhan trading fees
We see Sharekhan's trading fees to be high because they charge more than most of its competitors.
Let's break down the trading fees into 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.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| US stock | - | - | $1.0 |
| UK stock | - | - | $3.7 |
| German stock | - | - | $3.2 |
Forex fees
Sharekhan's forex fees are .
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| EURUSD benchmark fee | - | - | $14.8 |
| EURGBP benchmark fee | - | - | $12.8 |
Fund fees
Sharekhan fund fees are .
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| Mutual fund | - | - | $15.0 |
| EU mutual fund | - | - | $4.4 |
Bond fees
Sharekhan has bond fees.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| US Treasury bond | - | - | $5.0 |
| EU government bond | - | - | $10.0 |
Options fees
Sharekhan's options fees are .
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| US stock index options | - | - | $6.5 |
| UK stock index options | - | - | $21.1 |
| German stock index options | - | - | $18.2 |
Futures fees
Sharekhan's futures fees are .
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| US micro e-mini stock index futures | - | - | $2.5 |
| UK stock index futures | - | - | $21.1 |
| German e-mini stock index futures | - | - | $8.6 |
Financing rates
Sharekhan financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| Apple CFD financing rate | - | - | 5.3% |
| Vodafone CFD financing rate | - | - | 4.5% |
| EURUSD financing rate | - | - | 2.7% |
| EURGBP financing rate | - | - | 2.1% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Sharekhan fees
Sharekhan non-trading fees
When it comes to looking at all the non-trading fees Sharekhan is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Sharekhan that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | Yes | Yes | No |
Sharekhan fees
Sharekhan deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Sharekhan is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Sharekhan offers.
| 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 |
Sharekhan fees
Sharekhan withdrawal fee
Unlike some online brokers we have reviewed Sharekhan does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | Yes | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Sharekhan fees
Sharekhan inactivity fee
Sharekhan does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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