Sharekhan Stock Trading, Demat, Brokerage and Reviews
Incorporated in February 2000, Sharekhan is India's 2nd largest stock broker providing brokerage services through its online trading website Sharekhan.com and 1950 Share shops which includes branches & Franchises in more than 575 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 has over 10 lakh retail and institutional customers.
Sharekhan.com is the finest investment portal for India stock market. The well designed website provides wide range on investment options, latest stock market updates and many tools for investors.
Sharekhan also offers 'Sharekhan TradeTiger', one of the most popular trading terminals, for retail investors. The TradeTiger 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 advices, 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 Rated 3.64 / 5 based on 109 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
Account Types
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.
Online trading account for investing in Equities and Derivatives
Free trading through Phone (Dial-n-Trade)
Two dedicated numbers for placing your orders with your cellphone or landline.
Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
Simple and Secure Interactive Voice Response based system for authentication
get the trusted, professional advice of our telebrokers
After hours order placement facility between 8.00 am and 9.30 am
Integration of: Online trading + Bank + Demat account
Instant cash transfer facility against purchase & sale of shares
IPO investments
Instant order and trade confirmations by e-mail
Single screen interface for cash and derivatives
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.
A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX
Multiple Market Watch available on Single Screen
Hot keys similar to a traditional broker terminal
Tie-up with 12 banks for online transfer of funds
Different tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator
Graph Studies are available including Average, Band- Bollinger, Know SureThing, MACD, RSI, etc
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.)
Trading Brokerages
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 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 Leg1
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.
Visit one of the Sharekhan branches. They have branches all over India. Visit Sharekhan Branch Locator to find the nearest branch.
You can send them an Email on info@sharekhan.com to know about their products and services.
If you wish to chat with customer service representative, you can join the chat sesssion.
Sharekhan Advantages
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.
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.
Sharekhan offers online and classroom training, seminars and workshops to investors.
Sharekhan doesn't charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
Sharekhan doesn't charge for DP transactions. Share transfer from and to the dp account is free.
Sharekhan has India-wide network of branches. You can find surly find a Sharekhan in your neighborhood.
Call & Trade facility is free with Sharekhan.
Sharekhan Disadvantages
Sharekhan doesn't offer 3-in-1 account as they don't provide banking services.
They brokerage charges are % based which are higher in comparison to flat fee brokers.
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).
Facility to place orders after trading hours is not available.
terminal is good. but stocks are not credited to account in time. they auction the stocks if we sell the stocks before it is credited to our account. not giving recommendations for buy/sell.
My name is swet saurabha, my user id is swet saurabh, i have invested 40000k to the Share-khan, after 3 months, The company has returned just rs 7400 when i asked about my money the company said you have lost your money.in company shares. MR... ANUPAM YADAV WAS HANDLING MY A/C. IN SEC 18 BRANCH NOIDA , i WILL REQUEST THIS COMPANY TO PLEASE RETURN MY MONEY PLZ... OTHER WISE I WILL NEVER SUGGEST ANYBODY TO INVERT IN SHARES.AND MR.. SACHIN HAS SOLD THIS D MAT ACCOUNT
Trade account • This accounts for active traders who trade frequently during the day''s trading session. Following are few popular features of Trade Tiger account. a. A single platform for multiple exchange NSE (Cash & F&O), COMMODITY (MCX), CRRUENCY (MCX-SX, NSE) b. Multiple Market Watch available on Single Screen c. Same margin can be used in All segments (Equity, Commodities, Crruncey) Trading Brokerage and fees Account Opening Fees • Trading Account Opening Rs 100 per exchange) • Trading Annual maintenance AMC): - Nill
Trading Brokerages • Intra-day Trades: 0.02% on the buy side and 0.02% on the sell side. • Delivery Based Trades: 0.2% or minimum 2 paisa per share • F&O Trades: 0.02% on the first leg and 0.02% on the second leg. • Options Trades: Rs. 25/- per lot • Commodity : : 0.02% on the buy side and 0.02% on the sell side.
FOR MORE DEATILS CALL @ 8802054378
359. Shashikant. Feb 17, 2013 12:51:01 PM IST | Reply
Excellent software ,Trade Tigher, Stock tips are not correct, Excellent service by friendly staff Good training facility online , classroom Higher brokerage for stocks comedities
Ratings:
Brokerage - Above Average Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Above Average
Better brokerage charges, but lacks all the features that others like ICICIDIRECT provide. Customer service is just average.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Above Average Website Usability - Above Average Customer Service - Below Average Overall Experience - Above Average
356. MANOJ ANANT JOSHI Dec 20, 2012 6:13:11 PM IST | Reply
FULLY SATISFIED CUSTOMER OF SHAREKHAN FOR MORE THAN A DECADE.NO ONE ELSE CAN BEAT THEM.NO HIDDEN CHARGES,FAIR BROKERAGE,EXCELLENT SUPPORT,USER FRIENDLY TRADING TERMINAL............CAN SAY MUCH MORE,EVERY ONE CAN SWITCH TO SHAREKHAN.ONE REQUEST TO SHAREKHAN -STOP PROMO OF ONLINE TRADING ACADEMY BY EMAILS.IN MY OPINION THIS FEATURE IS TOOOOO COSTLY,NOT USEFUL/WORKABLE.INSTEAD CREATE AWARENESS IN INVESTORS,EDUCATE THEM ABOUT FUNDAMENTALS.DONT TEACH SPECULATIONS.......,LASTLY ANY CONVERSATION IF IN MOTHER TONGUE,BECOMES EASILY DIGESTABLE TO BRAIN.REST IN INTERVALS.THANKS.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Excellent
355. Sivakamsundari Dec 16, 2012 11:46:44 PM IST | Reply
Last 7 months i have using Sharekhan account very very useful ATC training progamme, immediate settlement and tread tiger.
SHAREKHAN should reduce their account opening fee and brokerage to more reasonable rate for those who trade on a daily basis.
Ratings:
Brokerage - Average Account Opening Fees - Below Average Website Usability - Above Average Software Usability - Above Average Customer Service - Above Average Overall Experience - Excellent
Sonu Verma 8130894300
353. Sohil Vahora Nov 16, 2012 5:14:47 PM IST | Reply
I would like to enquiry for Imtsons Investments Limited. This company has been opened account in sharekhan.com I invested money to this company. I have not received moeny from this company. company persons (Imtiyaz Saiyed) told me that account has not been yet opened. Kindly do let me know Imtsons Investments Limited account has been opened or not in Sharekhan.com.
Other investors are awaiting for moeny.
Kindly reply and help me.
Thanks
352. D.Krishnamachari Nov 12, 2012 4:52:52 PM IST | Reply
I wish to start online trading What is a d mat account can I open an account in my Bank What is the expected net return on online trading
Regards Krishnamachari
351. prasanna Nov 03, 2012 11:07:32 AM IST | Reply
Overall service till date ,i''ve experienced, is GOoD!
Ratings:
Brokerage - Above Average Account Maintenance Fees - Below Average Website Usability - Excellent Customer Service - Above Average Overall Experience - Above Average
350. Parthasarathy Oct 31, 2012 10:25:01 PM IST | Reply
I plan to invest in mcx...i want to know brokerage details and other charges..
350.1. Rakesh Pandey May 04, 2013 5:45:21 PM IST |
one lot charge is 28rs one side with service and other charge.
349. Gaurav Singh Oct 29, 2012 1:26:08 PM IST | Reply
Very good , online services , Tiger trade tool is more advanced and robust easy to with full functionality support most of operations.
This was my first company but I had bad experience. Actually one of my friend's friend was working in this company in 2007, so he came to my place and ask to open a demat account. He told that if I will open an account than he will get his salary. But I told him that I will not trade as I not know a single thing about trading in stock market. He told me that once he gets his salary then he will get the refund of my money. So I opened an account and after 10 days I got my money back also, as I had never traded.
Now comes the story. .. In 2011 when I thought of to doing intraday trade . I called one executive from Sharekhan to open an account. I had given all my documents and a cheque for account opening fees. On the same day in evening the executive called me and said that ur pan card is already having demat account with us. I said but I had closed it long time back. That time my friend's friend only sent me the cheque. As I was not aware of that I have to close it also. Neither company called me for that. In 2011 the executive who called me says that there is some 1000 amc debited in your bank account. If you want to do any trading than you have to pay pending Rs 1000. I said why I should pay when I closed the account. He said this only the procedure. I said its ok let it be I don't want to trade with Sharekhan.
Finally I opened my account in IIFL. It's 1 and half year with them. I am a daily trader in equity, currency and commodity. so what this reflect for Rs 1000 Sharekhan has lost a heavy brokerage from my side, almost 20 to 30 k they have lost. This is all because of their employee’s short sight to get new accounts for showing numbers and then cheat new investors. You should be very careful from their sales team.
Sharekhan software - Trade tiger is the best in business. Awesome. But the brokerage is very high. I have never seen any hidden charges in the statement, if stt, turnover charges and stamp suty all are common becaI''m not sure about that. But there are lot of firms offering low brokerage but im concerned about their software. They cant beat trade tiger. anyway im going to try zerodha and angel broking.
346. trade pig Aug 17, 2012 1:13:46 PM IST | Reply
Yesterday i bought LICHsing at recommended price by Tradetiger now i got screwed Very very very very very bad services sharekhan A/C
1) High brokerage charged intraday 0.07% 0r delivery 0.40% and other charged 0.1888% every tractions. 2) Not provided daily statement only monthly
3) To many hidden charges.
4) Customer services also very bad not coperative
5) Long time Account Update.
6) Not provided direct buy mutual fund.
7) Terminal operator taken long time suffer huge loss.
343. Sarita Sahetia Aug 09, 2012 5:23:04 PM IST | Reply
I have an online demat account with Sharekhan, for some reasons to maintain a single account at Kotak Mahindra, I would like to close the account at sharekhan, which is impossible. Since 2 years I am struggling to close the same, they keep asking me irrelevant clarifications.
Sharekhan
