Sharekhan Vs RMoney (Compare Sharekhan and RMoney)

Sharekhan Vs RMoney

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

	Sharekhan	RMoney
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000
Number of Branches	2800
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Sharekhan Vs RMoney Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while RMoney account opening changes is Rs 199. Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

	Sharekhan	RMoney
Trading Account Opening Charges	Rs 0 (Free)	Rs 199
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 0 for lifetime (Free)

Sharekhan Vs RMoney Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

	Sharekhan	RMoney
Account Type	Classic Account	Zero Brokerage Plans
Fixed Charges		NA
Equity Delivery	0.50%	Rs 0 (Free)
Equity Intraday	0.10%	Rs 18 per executed order or .01% whichever is lower
Equity Futures	0.10%	Rs 18 per executed order or .01% whichever is lower
Equity Options	Rs 50 per lot	Rs 18 per executed order or .01% whichever is lower
Currency Futures	0.10%	Rs 18 per executed order or .01% whichever is lower
Currency Options	Rs 30 per lot	Rs 18 per executed order or .01% whichever is lower
Commodity Futures	0.03%	Rs 18 per executed order or .01% whichever is lower
Commodity Options	0.03%
Special Offer	Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.	Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

Sharekhan Vs RMoney Brokerage Plan 2

	Sharekhan	RMoney
Account Type	Prepaid - ₹1 Lakh	Happy Service Plan
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	0.10% to 0.40%
Equity Intraday	0.015%	0.01% to 0.04%
Equity Futures	0.015%	0.005% to 0.02%
Equity Options	0.05% or Rs 63 per lot	Rs 20 to Rs 80 per lot
Currency Futures		0.005% to 0.02%
Currency Options		0.005% to 0.02%
Commodity Futures		0.005% to 0.02%
Commodity Options
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Sharekhan Vs RMoney Brokerage Plan 3

	Sharekhan	RMoney
Account Type	Margin - ₹1 Lakh	Zero Brokerage Plans
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	Rs 0 (Free)
Equity Intraday	0.05%	Rs 18 per executed order or .01% whichever is lower
Equity Futures	0.05%	Rs 18 per executed order or .01% whichever is lower
Equity Options	1% or Rs 70 per lot	Rs 18 per executed order or .01% whichever is lower
Currency Futures		Rs 18 per executed order or .01% whichever is lower
Currency Options		Rs 18 per executed order or .01% whichever is lower
Commodity Futures		Rs 18 per executed order or .01% whichever is lower
Commodity Options
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Sharekhan Charges Vs RMoney

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	Rs 0
Other Charges		Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges	Rs 20	Rs 0 (Unlimited Calls)

Sharekhan Vs RMoney Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

	Sharekhan	RMoney
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side)	NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium)	NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%)	NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options	NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium)	NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity	MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%)	MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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Sharekhan Vs RMoney Leverage (Margin)

Sharekhan margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the RMoney margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Sharekhan	RMoney
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Sharekhan and RMoney Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	Sharekhan	RMoney
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	TradeTiger, Sharekhan Mobile	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time	3:30 PM	Equity 3:15 PM
Other Features	Pattern finder, Class room training
Referral Program
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Sharekhan Vs RMoney Review

Sharekhan is rated 3.3 of 5 based on 298 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

	Sharekhan	RMoney
	298 Customer Reviews	4 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 298 customer reviews	RMoney is rated 3.8 of 5 based on 4 customer reviews

Sharekhan Vs RMoney Investment Options

	Sharekhan	RMoney
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading	Corporate FD, Life Instance, General Insurance

Sharekhan Vs RMoney Order Type Offered

	Sharekhan	RMoney
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Sharekhan Vs RMoney Research Report

	Sharekhan	RMoney
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Sharekhan Vs RMoney Suitable For Investor Type

	Sharekhan	RMoney
Casual Investor
Active Investor
Trader

Sharekhan Vs RMoney - Pros and Cons

	Sharekhan	RMoney
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.	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
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 Rs 400 as AMC for trading account in addition to Rs 400 for demat account.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers	Rs 0 Account Opening (for a limited time only) Get FREE Account Opening. FREE Research courage across all segments. 1 Year FREE access to TradeTiger Trading Terminal. This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.	Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
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