Firstrade vs Sharekhan compared

Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Sharekhan!

Firstrade
Sharekhan

Last update of dataNov 2022

Firstrade

Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.

Sharekhan

Sharekhan is one of the first brokers to offer online trading in India and is regulated by the SEBI. It is a privately-held company.

Recommended for traders and investors focusing on the Indian market.

Firstrade's service is slightly better than Sharekhan's and a comparison of their fees shows that Firstrade's fees are much lower than Sharekhan's.

Account opening takes about the same effort at Firstrade compared to Sharekhan, deposit and withdrawal processes are about the same quality at Firstrade, while customer service quality is considerably lower than Sharekhan's.

Our experts rated the trading platform of Firstrade as being of the same quality as the platform of Sharekhan, found that clients have access to more markets and products with Firstrade, while Sharekhan provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Overall Score
3.4

Recommended for Traders and investors focusing on the Indian market

Country of origin

USA

Country of origin

India

Fees

Fees score
4.4
Fees score
0.9
Fees summary

Low trading and non-trading fees, free stock, ETF, fund and options trading

Fees summary

Average trading fees, low non-trading fees, low stock and ETF fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
2.5
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1-3 days

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Required documents

Proof of identity: ID / passport / driver's license/ Aadhaar card / PAN card Proof of residency: bank statement / utility bill

Trading platform

Web platform score
4.3
Web platform score
4.0
Mobile platform score
3.8
Mobile platform score
5.0
Desktop platform score
-
Desktop platform score
3.3

Markets and products

Markets and products score
3.2
Markets and products score
2.0
Stocks
*
*
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
*
*
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs

Research, education

Research score
4.8
Research score
4.3
Charting quality

Great

Charting quality

Great

Education score
3.5
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
1.1
Customer service score
4.8
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

No protection

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1985

Foundation date

2000

Country of regulation

USA

Country of regulation

India

Firstrade

For detailed information and hands-on experience, read our review of this broker.

Sharekhan

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

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