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Incorporated in February 2000, Sharekhan is India’s 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India.

Sharekhan FAQs and Review:

  • In which exchanges does Sharekhan operate?
    • BSE, NSE, MCDEX, NSEL, MCX
  • What type of stock broker Sharekhan is?
    • Full Service Broker. They do not provide 3 in 1 trading account.
  • What are the charges for opening trading account?
    • INR 750/- for opening trading account.
  • Do they charge annual maintenance fees for trading account? What are the Annual maintenance charges (AMC) for trading account?
    • NIL
  • How much do they charge for Demat account opening? What are the annual demat account maintenance charges?
    • NIL
    • INR 400/- for annual maintenance cost of Demat account
  • What is the special offer for opening account at Sharekhan through www.niftytrader.in website?
    • N/A
  • Is it mandatory to open a demat account with trading account?
    • No
  • How much are the brokerage charges for equity delivery?
    • 0.50%
  • How much brokerage does Sharekhan charge for intraday equity trading?
    • 0.10%
  • What are the brokerages for equity futures trading?
    • 0.10%
  • What are the brokerages for equity options trading?
    • INR 100 per lot
  • Does Sharekhan provide trading in commodity derivatives?
    • Yes
  • What are the brokerage charges for commodity trading?
    • 0.10%
  • Do they provide trading in currency derivatives?
    • Yes
  • What are the brokerage charges for currency futures trading?
    • 0.10%
  • What are the brokerage charges for currency options trading?
    • INR 30 per lot of 2.5% of premium, which ever is higher
  • Can I buy or trade Bonds and NCD’s?
    • Yes
  • Can I buy or trade Mutual Funds?
    • Yes
  • Can I buy / apply for an IPO through Sharekhan?
    • Yes
  • What is the minimum brokerage amount charged by Sharekhan?
    • NiL
  • Does Sharekhan have special plans to reduce brokerage?
    • No
  • Does Sharekhan have branches?
    • Yes
  • Does Sharekhan provide call-n-trade facility?
    • Yes
  • What are the brokerage charges for call-n-trade facility?
    • Same
  • Does Sharekhan have android mobile trading application?
    • Yes
  • Does Sharekhan have any application for apple devices such as iphone or ipad?
    • No
  • Does Sharekhan have any trading application for windows devices?
    • Yes
  • How do I trasfer fund to my account? What are the possible ways for funds pay-in and how much time does it take?
    • Using bank account only
  • How do I withdraw funds from my account? What are the possible ways for funds pay-out and how much time does it take?
    • Using Bank Account only
  • Do they provide “Good till Cancelled”(GTC) order facility?
    • No
  • Does Sharekhan provide SMS alerts?
    • Yes
  • Does Sharekhan provide automated trading?
    • No
  • Does Sharekhan provide online demo?
    • Yes
  • Do they provide online portfolio?
    • Yes
  • Does Sharekhan provide any news alerts, market summary, stock analysis?
    • Yes
  • Is Margin Trading Funding provided?
    • No
  • Do they provide any charting service?
    • No
  • What are the timings for intraday square-off of open positions?
    • 3:00 pm
  • Is Margin Trading Funding provided?
    • No
  • Do they provide any charting service?
    • No
  • What are the timings for intraday square-off of open positions?
    • Not disclosed
  • Should I open account with them, if I am active investor?
    • No
  • Should I trade with them if I am active trader?
    • No. Better to go for discount brokers such as Zerodha, RKSV, Trade Smart Online, TradeJini, SAS Online etc
    • To know more about Zerodha, click here
    • To know more about RKSV, click here
    • To know more about Tradejini, click here
    • To know more about SAS Online, click here
  • Is the custormer service good?
    • Not sure.
  • How much money can I save by opening account at Zerodha or RKSV Securities?
    • A lot. An active trader can save somewhere between 90~99% brokerage by using discount brokers.

 

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