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 Sharekhan Stock Trading, Demat, Brokerage and Reviews



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 has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has international presence in the UAE and Oman.

Sharekhan offers its services to all kinds of customers including individual investors and traders, corporate, institutional and NRI's. As of Dec 2014, Sharekhan has over 13 lakh customers. Sharekhan offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. Sharekhan also offer depository services (demat account) and option to invest in mutual funds and IPOs.

Sharekhan.com is the finest investment portal for India stock market. The well designed website provides wide range on investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more.

Sharekhan also offers 'Sharekhan TradeTiger', one of the most popular trading terminals, for retail investors. The Trade Tiger is quite similar to Broker Terminal and allows frequent traders to place and execute their orders at a high speed. It also provides live data and other tools on the same screen to help the users with their trades.

Sharekhan's 'ShareMobile' platform offers trading facility though mobile application. Mobile apps are available for popular iPhone, iPad, Blackberry, Android and other phones.

Services offered by Sharekhan include trading in equity, F&O and Commodity and investment in IPO's, Mutual Funds, Insurance, Bonds and NCD's. Company also provide Sharekhan Demat Account and registered as a depository participant with NSD and CDS.

Sharekhan offers verity of accounts to suite customer requirement. These accounts include Sharekhan First Step Account, Sharekhan Classic Account, Sharekhan Trade Tiger Account and Portfolio Mgmt Services (PMS) though Sharekhan Platinum Circle Account.

Sharekhan has its own research teams which regularly publishes investment advice, stock tips, quarterly company result analysis and news alerts to its customer though email, SMS and on Sharekhan.com. Sharekhan has an excellent knowledge center on its website to help stock and commodity market investors of all kind. It also offers free online and classroom seminars / workshops to investors. Each Sharekhan Accounts comes with online and in-person help from Sharekhan representative.

Sharekhan Share Broker Review Ratings

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.6 stars Rated 3.2 stars Rated 3.1 stars Rated 3.9 stars Rated 3.6 stars Rate Sharekhan

Account Types

  1. Classic account

    Allow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer.
    1. Online trading account for investing in Equities and Derivatives
    2. Free trading through Phone (Dial-n-Trade)
      1. Two dedicated numbers for placing your orders with your cellphone or landline.
      2. Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
      3. Simple and Secure Interactive Voice Response based system for authentication
      4. get the trusted, professional advice of our telebrokers
      5. After hours order placement facility between 8.00 am and 9.30 am
    3. Integration of: Online trading + Bank + Demat account
    4. Instant cash transfer facility against purchase & sale of shares
    5. IPO investments
    6. Instant order and trade confirmations by e-mail
    7. Single screen interface for cash and derivatives
  2. TradeTiger account

    This is a net based executable application for active traders who trade frequently during the day's trading session. Following are few popular features of Trade Tiger account.
    1. A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX
    2. Multiple Market Watch available on Single Screen
    3. Hot keys similar to a traditional broker terminal
    4. Tie-up with 12 banks for online transfer of funds
    5. Different tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator
    6. Graph Studies are available including Average, Band- Bollinger, Know SureThing, MACD, RSI, etc

Sharekhan Brokerage Charges 2015

Account Opening Fees & Annual maintenance charges (AMC)

  • Trading Account Opening Charges (One Time): Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)- charges fully adjusted against first 6 months brokerage.
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Opening Charges (One Time): Included in trading account opening charges
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Trading Brokerages Charges:

  • Intra-day Trades: 0.1% on the buy side and 0.1% on the sell side.
  • Delivery Based Trades: 0.5% or 10 paise per share or Rs 16/- per scrip whichever is higher.
  • F&O Trades: 0.1% on the first leg and 0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
  • Options Trades: Rs 100/- per contract or 2.5% on the premium (which ever is higher).

Sharekhan Minimum Brokerage Fee:

  1. For Intra-day Trades

    Sharekhan charges minimum brokerage of 5 paise per share. This means that while doing intraday trading if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

  2. For Delivery Based Trades

    Sharekhan charges minimum brokerage fee of 10 paise per share. This means; for delivery based trades minmum brokerage of 10 paise per share is charged when the share price is Rs 20/- or less.

  3. Minimum DP charges

    DP charges of Rs 16/- per scrip is charged when the total traded value is Rs 3200/- or less in case of sell transaction.

Sharekhan Post Paid Plans

Sharekhan offers following post paid plans. To get the offer customer has to deposit the margin money with Sharekhan based the plan they choose. The brokerage reduces as the margin money is high.

Margin Scheme Cash Leg 1 Cash Leg 2 Delivery Future Leg 1 Future Leg 2 same day Future next day Option
25 K 0.1 0.1 0.5 0.1 0.02 0.1 Higher of 2.5% of premium or Rs 100
30 K 0.1 0 0.5 0.1 0 0.1 Higher of 2.5% of premium or Rs 100
40 K 0.09 0 0.45 0.09 0 0.09 Higher of 2.25% of premium or Rs 95
50 K 0.07 0 0.4 0.07 0 0.07 Higher of 1.5% of premium or Rs 80
1 Lakh 0.05 0 0.25 0.05 0 0.05 Higher of 1% of premium or Rs 70
3 Lakh 0.04 0 0.2 0.04 0 0.04 Higher of 1% of premium or Rs 50
5lakhs 0.03 0 0.18 0.03 0 0.03 Higher of 0.75% of premium or Rs 40
10 Lakhs 0.02 0 0.15 0.02 0 0.02 Higher of 0.60% of premium or Rs 30
20 Lakhs 0.015 0 0.1 0.015 0 0.015 Higher of 0.55% of premium or Rs 25

Sharekhan Pre Paid Plans

Sharekhan offers following pre paid plans. The plans are available for 6 month and 1 year as shown below:

Amount (Rs) Period Cash Leg 1 Cash Leg 2 Delivery Future Leg 1 Future Leg 2 same day Future next day Option Intraday transaction Delivery transaction
Default   0.1 0.1 0.5 0.1 0.02 0.1 Higher of 2.5% of premium or Rs 100    
750 6 months 0.1 0 0.5 0.1 0 0.1 Higher of 2.5% of premium or Rs 100 7,50,000 1,50,000
1000 6 months 0.09 0 0.45 0.09 0 0.09 Higher of 2.25% of premium or Rs 95 11,11,111 2,22,222
2000 Annual 0.07 0 0.4 0.07 0 0.07 Higher of 1.5% of premium or Rs 80 28,57,143 5,00,000
6000 Annual 0.05 0 0.25 0.05 0 0.05 Higher of 1% of premium or Rs 70 1,20,00,000 24,00,000
18000 Annual 0.04 0 0.2 0.04 0 0.04 Higher of 1% of premium or Rs 50 4,50,00,000 90,00,000
30000 Annual 0.03 0 0.18 0.03 0 0.03 Higher of 0.75% of premium or Rs 40 10,00,00,000 1,66,66,667
60000 Annual 0.02 0 0.15 0.02 0 0.02 Higher of 0.50% of premium or Rs 30 30,00,00,000 4,00,00,000
100000 Annual 0.015 0 0.1 0.015 0 0.015 Higher of 0.55% of premium or Rs 25 66,66,66,667 10,00,00,000
200000 Annual 0.005 0.005 0.08 0.005 0.005 0.005 Flat Rs 10 2,00,00,00,000 25,00,00,000

How to open account with Sharekhan?

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

  • Drop your phone number and Sharekhan Customer Service Executive will call you back for trading & demat account.

Contact Sharekhan / Request Call Back

Name:Phone #:
Email:City:
State:
Are you a day trader?

Sharekhan Advantages

  1. Sharekhan offers different trading platform to suite customer requirement. This includes online browser based trading, Installable terminal, mobile, call n trade and in-person trade though branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas are available with them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the dp account is free.
  6. Sharekhan has India-wide network of branches. You can find surly find a Sharekhan in your neighborhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposit as collateral for future and option trading.

Sharekhan Disadvantages

  1. Sharekhan doesn't offer 3-in-1 account as they don't provide banking services.
  2. They brokerage charges are % based which are higher in comparison to flat fee brokers.
  3. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below 20 rs. (If you trade, you will loose majority of your money in brokerage).
  4. Facility to place orders after trading hours is not available.
  5. Classic account holders cannot trade commodities.

Sharekhan Complaints Recieved at BSE / NSE:

Number of customer complaints lodged against share broker Sharekhan:

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2014-15 1,236,919 18
NSE 2014-15 321,725 89
BSE 2013-14 1,182,390 43
NSE 2013-14 274,777 142
BSE 2012-13 1,129,261 42
NSE 2012-13 1,125,128 126
BSE 2011-12 1,044,117 86
NSE 2011-12 1,033,963 173

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Broker complaints in India - Year wise complaints recieved by exchange

Useful links about Sharekhan

  1. Contact Sharekhan for trading & demat account.

Enquiry Form

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Sharekhan Reviews

        

429. sree krishna  Jul 2, 2015 5:11:08 PM IST |  Reply 

I had opened account with share khan..
* Their brokerage is very high
* There are days where is used to give them 1600 as brokerage per day but they dont treat you properly.
* I must say they have got excellent trading terminal trade tiger best in business
* They provide good training in the form of ATC which was helpful for bigenners .. but experiance traders wont find it useful
* Their lot size for FNo is 60 if you bargain they may reduce it to 40max..
* They have got chat support which whould ask you to refer branch for everything..

428. vipin kumar  Jun 18, 2015 8:42:18 PM IST |  Reply 

i have open acount last year but your brokrege charge differnt show on your site your pls share with me your post paid and prepaid plan and check my acount brokrege stecture ASAP.

427. shivaji raut  Jun 15, 2015 12:17:15 PM IST |  Reply 

u r contact no is not working ,please give me a any unlimited trade plan

426. parminder singh  Jun 5, 2015 2:47:08 PM IST |  Reply 

best trading platform

425. rk  May 28, 2015 12:11:44 PM IST |  Reply 

This is my personal experience,
I am intraday trader in nifty and nifty options,They given tips that works excellent if u do not trade.If u follow their trade tips surely did not work(you will be in loss).when I trade my own analysis the purpose fully exists your position .please any body have same problem post here.(becathey are all market operators gang).They don''''t want to be public''''s are in profit.

424. Rohit  May 28, 2015 11:09:11 AM IST |  Reply 

I opened up a trading account with Sharekhan Limited one year back in 2014. My account was opened with sector-38, Chandigarh branch. Initially their representative Manohar mobile no.(98****) committed me that this account is opened up free of cost and there are not going to be any annual maintenance 250 rs after every 6 months). When i called up at their sector 38 branch they said yes you need to pay these charges. I talked to Manohar and he simply refused that he committed me about the lifetime free charges. Then i realized that it is a trap by the company representatives so that they can achieve their sales target. I feel cheated. Moreover, Manohar is rude to me. I don''t know how to get my problem solved as nobody wants to help me. I want to tell people that don''t deal with Sharekhan Limited as it is a fraud trading company. I am duped, cheated and harassed

423. kuamr  May 25, 2015 4:39:11 PM IST |  Reply 

I had an account with them for more than 8 years....now I learned the lesson bitter way.
You call their Customer service and people do not respond well, they treat you like "They are doing some favor for you".

Now I have decided to move and got an excellent broker who has some customer issues.
I wish I had moved on earlier ...SHAREKHAN is really bad and pathetic...Bad service, high brokerage and full of attitude people

Regards
Kumar

423.1. Avi  Jun 23, 2015 12:24:07 AM IST | 

Which broker are you moving to?I am from kolkata.

422. Prakash  May 14, 2015 3:21:50 PM IST |  Reply 

What is the brokerage charge of Sharekhan in option Trading

421. gurpreet singh  May 12, 2015 5:31:24 PM IST |  Reply 

Plz tell me with example that what is your brokerage if i buy 10 quantity of rs 1000 and sell it at 1000rs in case of intra day ,delivery,future and option

420. Abhijeet B  May 9, 2015 10:08:33 PM IST |  Reply 

Guys, does share khan charges any brokerage trading Amc charge along with demat account AMC..

I have opened account recently..

419. Suneel Kumar YADAV  May 7, 2015 11:23:20 AM IST |  Reply 

Online trading terminal "Trade tiger" is very good but sometime many servers are under maintenance & some servers are not open for general traders (i.e. for power traders only).
Technical tools provided withing trade tiger is very good. but charging the higher brokerage rates.

IN ONE LINE: BETTER SERVICE BUT NO CONCESSION IN CHARGE.

418. deepak ghosh  Apr 24, 2015 3:02:25 PM IST |  Reply 

its a very very very bad firm it harasses its clients make unwanted calls to make new customer and if they refthey even abworst firm i wish its gets out of business i would be more than haappy beware the name sharekhan

417. hardik shah  Apr 17, 2015 8:08:00 PM IST |  Reply 

Very very bad services. ..ane unwanted charges leving...what ever speak but not in real
...really very very bad service...plz no one can going this office.

416. deepak rajan panjwani  Apr 14, 2015 4:00:22 PM IST |  Reply 

share khan is a very reasonable trading broker.I am having deemat ac with the same from the last 7 months broking rates are so competitive and no hidden charges are applied. I am also having another ac with kotak securities.but there charges are hidden.without trading for single month they charged illegally rs.200 for settlement charges which is already deducted at the time of broking charges. I am closing ac with kotak securities as they are charging 2 much brokerage and other illegal charges. our money is from hard working so go only with sharekhan the most reasonable and competitive broker.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

415. VIJAY  Apr 7, 2015 11:01:20 PM IST |  Reply 

SHAREKHAN CUSTOMER SERVICE IS GOOD & THEIR TRADING TIPS HAS 77% ACHIVED. BUT THEIR WEBSITE HAS BEEN SOME COMPLICATED THEY NEED TO SOME CHANGE. SHAREKHAN BROKERAGE HAS GOOD. OVERALL MY EXPERIENCE WITH SHAREKHAN ARE EXCELLENT

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Excellent

414. S. L. Das.  Apr 1, 2015 3:56:26 PM IST |  Reply 

I have a Trading account joint account with my wife at HDFC securities.I have some equity share certificates in paper form only in my single name.How can I change them to d-mat form? Can I open a single account in my name?

413. Nithyananda  Mar 31, 2015 1:40:32 PM IST |  Reply 

I want to open an account to trade online please help me

413.1. Gaurav Srivastava  Apr 28, 2015 2:41:59 PM IST | 

You have 2 open a demate a/c with sharekhan, they do all the formalities, Contact - 8130993887

412. ankit  Mar 8, 2015 9:09:51 AM IST |  Reply 

I want to open a dmat a/c please friends advice me which broker co. will b better for me as I m new in trading..

411. Rupesh Ranjan  Feb 17, 2015 12:15:11 PM IST |  Reply 

I want to withdraw my account,as i am not trading so far.kindly close my trading account as soon as possible.

410. RAVI  Feb 10, 2015 3:18:48 PM IST |  Reply 

Sharekhan is one of the best Broker if any. Excellent Trade Tiger Software, Share Mobile App, Classic Website, Online Trading, Better option for Investment. Zero account opening charges. Brokerage as per Convenience of Client. Once you start with sharekhan, nothing to see behind in your life.

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