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Sharekhan Vs RMoney (Compare Sharekhan and RMoney)


Sharekhan Logo

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


Raghunandan Capital Pvt Ltd Logo

RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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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
Open an Online Trading Account with Sharekhan.Open an Online Trading Account with RMoney.
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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)
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Sharekhan Vs RMoney Brokerage Charges & Plans

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)
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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 20% of the trade value (5x leverage) based on the stock whereas the RMoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Sharekhan RMoney
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 303 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Sharekhan RMoney
  303 Customer Reviews    Rate Sharekhan 4 Customer Reviews    Rate RMoney
Fees 3.0 4.8
Brokerage 2.8 4.5
Trading Platform 3.7 4.0
Customer Service 3.3 4.0
Research Capabilities 3.1 3.0
Overall Ratings Rated 3.3 stars Rated 3.8 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 303 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire RMoney Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
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Sharekhan Vs RMoney Investment Options

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

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

  Sharekhan RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Sharekhan Vs RMoney Suitable For Investor Type

  Sharekhan RMoney
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes
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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.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. 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.
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. 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.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
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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