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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.

  Sharekhan iTradeOnline by Trustline
 
Sharekhan Logo iTradeOnline by Trustline Logo
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... Know more about Sharekhan 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... Know more about iTradeOnline by Trustline
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MSEI, MCX BSE, NSE, MCX
Account Type What is this parameter? Classic Account Pay Per Trade
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan iTradeOnline by Trustline
Trading Account Opening Fees What is this parameter? ₹0 (Free) ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC What is this parameter? ₹400 (Free for 1st year) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan iTradeOnline by Trustline
Account Type Classic Account Pay Per Trade
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.50% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹100 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹30 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

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

Brokerage Plan 3

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

Other Charges

Minimum Brokerage Charges What is this parameter? Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹0 (No Minimum Brokerage)
Other Brokerage Charges What is this parameter? Physical contact notes: ₹20
Call & Trade Charges What is this parameter? ₹0 (Free)
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Taxes

  Sharekhan iTradeOnline by Trustline
Securities Transaction Tax (STT) What is this parameter?
  • 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)
  • 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)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan iTradeOnline by Trustline
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures What is this parameter? NSE ₹190 | BSE ₹50 NSE ₹190 per crore (0.0019%)
Equity Options What is this parameter? NSE ₹5000 | BSE ₹50 NSE ₹5000 per crore (0.05%)
Currency Futures What is this parameter? NSE ₹135 | MCX ₹130 NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options What is this parameter? NSE ₹4220 | MCX ₹3220 NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity What is this parameter? MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Sharekhan iTradeOnline by Trustline
Equity Delivery What is this parameter? 6.67x for A group stock | 5x to 2.5x for B group stock 1x (100% Margin Required)
Equity Intraday What is this parameter? 10x for A & B group stock Up to 20x
Equity Futures What is this parameter? 66.67x for Indices futures | 40x to 22.5x for stock futures NSE: 2x
Equity Options What is this parameter? 0x NSE: 2x
Currency Futures What is this parameter? NSE: 2x
Currency Options What is this parameter? NSE: 2x
Commodity What is this parameter? MCX Futures: 8x
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Share Broker Features

  Sharekhan iTradeOnline by Trustline
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? Yes Yes
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? TradeTiger Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time What is this parameter? 3:30 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Sharekhan iTradeOnline by Trustline
  274 Customer Reviews    Rate Sharekhan 5 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.1 4.0
Trading Brokerage Rating 2.9 4.6
Trading Platform Usability 3.7 4.0
Customer Service Ratings 3.4 4.0
Overall Ratings Rated 3.3 stars Rated 4.2 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 274 customer reviews iTradeOnline is Rated 4.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan iTradeOnline by Trustline
Contact / Request Call Back
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Investment Options Available

  Sharekhan iTradeOnline by Trustline
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes Yes
Other Investment Options What is this parameter? Loans, NRI Trading Insurance, Wealth Management
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Customer Service Offered

  Sharekhan iTradeOnline by Trustline
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes Yes
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Order Type

  Sharekhan iTradeOnline by Trustline
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Sharekhan iTradeOnline by Trustline
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  Sharekhan iTradeOnline by Trustline
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Sharekhan iTradeOnline by Trustline
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter?
Promo / Offers What is this parameter?

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.

Lifetime FREE AMC Demat Account - 50% Off

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

Enquire about Sharekhan
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