Sharekhan Vs iTradeOnline (Compare Sharekhan and iTradeOnline)

The side-by-side comparison of Sharekhan and iTradeOnline. Compare Sharekhan Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Sharekhan vs iTradeOnline?


Sharekhan
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 internationa... Know more about Sharekhan


iTradeOnline
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 low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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Sharekhan Vs iTradeOnline

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Sharekhan iTradeOnline
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account Pay Per Trade
Year of Incorporation 2000
Number of Branches 2800
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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Sharekhan Vs iTradeOnline Charges & AMC

Sharekhan trading account opening charges is ₹0 (Free) while iTradeOnline account opening changes is ₹0 (Free). Sharekhan Demat Account AMC Charges is ₹400 (Free for 1st year) and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Sharekhan iTradeOnline
Trading Account Opening Charges ₹0 (Free) ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹400 (Free for 1st year) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Sharekhan Vs iTradeOnline Brokerage Charges & Plans

Sharekhan Vs iTradeOnline Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  Sharekhan iTradeOnline
Account Type Classic Account Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.50% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.10% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.10% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹50 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.10% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage 0.03%
Special Offer
Special Offer: Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Sharekhan Vs iTradeOnline Brokerage Plan 2

  Sharekhan iTradeOnline
Account Type Prepaid - ₹1 Lakh Pay Per Trade
Fixed Charges ₹1,00,000 per year ₹0
Equity Delivery Brokerage 0.10% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.015% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.015% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 0.05% or ₹63 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
Enquire SharekhanEnquire iTradeOnline

Sharekhan Vs iTradeOnline Brokerage Plan 3

  Sharekhan iTradeOnline
Account Type Margin - ₹1 Lakh Pay Per Trade
Fixed Charges ₹1,00,000 margin ₹0
Equity Delivery Brokerage 0.25% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 1% or ₹70 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
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Sharekhan Charges Vs iTradeOnline

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges Rs 20 ₹0 (Free)
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Sharekhan Vs iTradeOnline Transaction Charges

Sharekhan transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Sharekhan iTradeOnline
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) (each side) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX (Non-Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Sharekhan Vs iTradeOnline Leverage (Margin)

Sharekhan provides the margin of Upto 10x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  Sharekhan iTradeOnline
Equity Delivery Upto 5x with 24% interest per year Upto 5x (based on the stock)
Equity Intraday Upto 10x Upto 20x (based on the stock)
Equity Futures 2x for Intraday Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Nil Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Nil Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 2x for Intraday Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Compare Sharekhan and iTradeOnline Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Sharekhan iTradeOnline
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:30 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Pattern finder, Class room training
Referral Program
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Sharekhan Vs iTradeOnline Review

Sharekhan is rated 3.3 of 5 based on 289 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Sharekhan iTradeOnline
  289 Customer Reviews    Rate Sharekhan 7 Customer Reviews    Rate iTradeOnline
Fees 3.1 3.9
Trading Brokerage 2.8 4.1
Trading Platform Usability 3.7 3.9
Customer Service 3.3 3.7
Research Capabilities 3.1 1.0
Overall Ratings Rated 3.3 stars Rated 4.0 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 289 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire iTradeOnline Enquire
Contact Broker

Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Sharekhan Vs iTradeOnline Investment Options

  Sharekhan iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Loans, NRI Trading Insurance, Wealth Management
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Sharekhan Vs iTradeOnline Order Type Offered

  Sharekhan iTradeOnline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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Sharekhan Vs iTradeOnline Research Report

  Sharekhan iTradeOnline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Sharekhan Vs iTradeOnline Suitable For Investor Type

  Sharekhan iTradeOnline
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Sharekhan Vs iTradeOnline - Pros and Cons

  Sharekhan iTradeOnline
Pros
  • 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.
  • 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.
Cons
  • 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.
  • 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.
Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Get 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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire SharekhanEnquire iTradeOnline

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