Sharekhan Vs iTradeOnline Share Broker Comparison
The side-by-side comparison of Sharekhan and iTradeOnline by Trustline stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and iTradeOnline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and iTradeOnline.
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Sharekhan |
iTradeOnline by Trustline |
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| About the Broker |
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 & f...  |
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MSEI, MCX |
BSE, NSE, MCX |
| Account Type
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Classic Account |
Pay Per Trade |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Sharekhan |
iTradeOnline by Trustline |
| Trading Account Opening Fees
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₹0 (Free) |
₹0 (Free) |
| Trading Account AMC
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₹0 (Free) |
₹0 (Free) |
| Demat Account Opening Fees
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₹0 (Free) |
Regular: ₹0, Lifetime Free AMC: ₹1000 |
| Demat Account AMC
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₹400 (Free for 1st year) |
Regular Demat: ₹300, Lifetime free AMC Demat: ₹0 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Sharekhan |
iTradeOnline by Trustline |
| Account Type |
Classic Account |
Pay Per Trade |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
₹20 per executed order or .01% whichever is lower |
| Equity Intraday Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹100 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹30 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Sharekhan |
iTradeOnline by Trustline |
| Account Type |
Prepaid - ₹1 Lakh |
Pay Per Trade |
| Fixed Charges
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₹1,00,000 per year |
₹0 |
| Equity Delivery Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Intraday Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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0.05% or ₹63 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Sharekhan |
iTradeOnline by Trustline |
| Account Type |
Margin - ₹1 Lakh |
Pay Per Trade |
| Fixed Charges
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₹1,00,000 margin |
₹0 |
| Equity Delivery Brokerage
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0.25% |
₹20 per executed order or .01% whichever is lower |
| Equity Intraday Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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1% or ₹70 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share |
₹0 (No Minimum Brokerage) |
| Other Brokerage Charges
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Physical contact notes: ₹20 |
| Call & Trade Charges
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₹0 (Free) |
Taxes
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Sharekhan |
iTradeOnline by Trustline |
| Securities Transaction Tax (STT)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Sharekhan |
iTradeOnline by Trustline |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per crore | BSE ₹1.5/trade (each side) |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per crore | BSE ₹1.5/trade (each side) |
| Equity Futures
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NSE ₹190 | BSE ₹50 |
NSE ₹190 per crore (0.0019%) |
| Equity Options
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NSE ₹5000 | BSE ₹50 |
NSE ₹5000 per crore (0.05%) |
| Currency Futures
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NSE ₹135 | MCX ₹130 |
NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%) |
| Currency Options
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NSE ₹4220 | MCX ₹3220 |
NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500 |
| Commodity
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MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 |
MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%) |
Exposure
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Sharekhan |
iTradeOnline by Trustline |
| Equity Delivery
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6.67x for A group stock | 5x to 2.5x for B group stock |
1x (100% Margin Required) |
| Equity Intraday
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10x for A & B group stock |
Up to 20x |
| Equity Futures
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66.67x for Indices futures | 40x to 22.5x for stock futures |
NSE: 2x |
| Equity Options
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0x |
NSE: 2x |
| Currency Futures
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NSE: 2x |
| Currency Options
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NSE: 2x |
| Commodity
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MCX Futures: 8x |
Share Broker Features
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Sharekhan |
iTradeOnline by Trustline |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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TradeTiger |
Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. |
| Intraday Square-off Time
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3:30 PM |
Equity: 3:15 PM, Commodity: 11:15 PM |
| Other Features
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Broker Ratings (Average User Rating)
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Sharekhan |
iTradeOnline by Trustline |
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274 Customer Reviews  |
5 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Sharekhan is Rated 3.3 / 5 based on 274 customer reviews |
iTradeOnline is Rated 4.2 / 5 based on 5 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Sharekhan |
iTradeOnline by Trustline |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Loans, NRI Trading |
Insurance, Wealth Management |
Customer Service Offered
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Sharekhan |
iTradeOnline by Trustline |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Sharekhan |
iTradeOnline by Trustline |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Sharekhan |
iTradeOnline by Trustline |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Sharekhan |
iTradeOnline by Trustline |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Sharekhan |
iTradeOnline by Trustline |
| Pros
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- It has a strong network of over 1950 branches across India.
- The fund transfer from and to the trading account is free.
- The share transfer from and to the DP account is free when trading from Sharekhan trading account.
- The 'TradeTiger' is the most popular trading terminal in India.
- Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
- Stock SIP is available.
- Loan against shares, margin funding, ipo financing and ESOP funding is available.
More Advantages... |
- Paperless account opening is available with eKYC and Aadhar integration
- All trading softwares including trading terminal are available for free.
- Uses trading platform of Omnesys which is industry leading trading software provider.
- Margin Against Share is available
- Research based fundamental and technical analysis available to all the customers.
- Short selling is available in NSE Cash segment only.
- After Hours Orders and Good Till Cancelled (GTC) orders are available.
- SMS Trade Alerts are available for free to all customers.
- Call & Trade is free for all customers.
More Advantages... |
| Cons
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- Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
- Sharekhan brokerage is high in comparison to the discount brokers.
- Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.
More Disadvantages... |
- Separate account needed for Mutual Funds investment.
- For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
- Doesn't offer bracket orders.
- Online IPO, NCD, Corporate Bond investment is not available.
- Trading API's are now available.
- Opening demat account along with the trading account is mandatory.
- No extra charge for intraday or expiry positions closed by the broker.
More Disadvantages... |
| Reviews
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| Promo / Offers
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Free Trading & Demat Account (for limited time only)
Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.
This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.
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Lifetime FREE AMC Demat Account - 50% Off
Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening. |
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Enquire about Sharekhan
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