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Overview of Sharekhan fees and charges

When it comes to brokerage fees Sharekhan shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether Sharekhan fees are an advantage for you. Continue reading about Sharekhan fees and charges to see if this is the right brokerage for you or a similar broker like Zerodha or Interactive Brokers is better for you.

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

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that 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 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Sharekhan fees with its closest competitors, Zerodha and Interactive Brokers.

Sharekhan fees
Sharekhan trading fees

Sharekhan's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at Sharekhan.

Trading fees

Sharekhan's trading fees are average.

Stock fees and ETF fees

Sharekhan has low stock trading fees.

Stock fees of a $2,000 trade
Sharekhan Zerodha Interactive Brokers
US stock - - $1.0
UK stock - - $7.2
German stock - - $4.4

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 - - $17.9
EURGBP benchmark fee - - $13.0

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 - - $7.0
UK stock index options - - $20.4
German stock index options - - $12.1

Futures fees

Sharekhan's futures fees are .

Stock index futures fee of 10 contracts
Sharekhan Zerodha Interactive Brokers
US stock index futures - - $8.5
UK stock index futures - - $20.4
German stock index futures - - $22.0

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 - - 4.3%
Vodafone CFD financing rate - - 1.7%
EURUSD financing rate - - 3.7%
EURGBP financing rate - - 2.3%

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 Yes
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 the majority of the 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).

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial 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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