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

Sharekhan Fees snapshot
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.

Stock fees of a $2,000 trade
Sharekhan Zerodha Interactive Brokers
US stock - - $1.0
UK stock - - $3.4
German stock - - $3.0

Forex fees

Sharekhan's forex fees are .

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Sharekhan Zerodha Interactive Brokers
EURUSD benchmark fee - - $14.7
EURGBP benchmark fee - - $12.6

Fund fees

Sharekhan fund fees are .

A $2,000 fund buy fees
Sharekhan Zerodha Interactive Brokers
Mutual fund - - $15.0
EU mutual fund - - $4.4

Bond fees

Sharekhan has bond fees.

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

Options fees

Sharekhan's options fees are .

Stock index options fees of 10 contracts
Sharekhan Zerodha Interactive Brokers
US stock index options - - $6.5
UK stock index options - - $19.2
German stock index options - - $16.8

Futures fees

Sharekhan's futures fees are .

Stock index futures fee of 10 contracts
Sharekhan Zerodha Interactive Brokers
US micro e-mini stock index futures - - $2.5
UK stock index futures - - $19.2
German e-mini stock index futures - - $7.9

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 yearly financing rates
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.

A high level overview of how Sharekhan stacks up in 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

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 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

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 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 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).

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of content

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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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