Reviews of Stock Brokers


When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Sharekhan, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Sharekhan founded in 2000 by Jaideep Arora is a Private company headquartered in Mumbai, India India. As a Full Service Broker, Sharekhan aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Sharekhan operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, India
FoundersJaideep Arora
Foundation Year2000
Supported ExchangesBSE, NSE, MCX
Total branches2800

Sharekhan Account opening charges

To begin trading with Sharekhan, you need to open a trading account and a Demat account. Sharekhan charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free or Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesSharekhan
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesYes
DepositoryNSDL & CDSL

Sharekhan Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Sharekhan brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesSharekhan
Equity Delivery Brokerage0.50%
Equity Intraday Brokerage0.10%
Equity Futures Brokerage0.10%
Equity Options BrokerageRs.100 per Lot or 2.5% on Premium (Takes higher amount)

Currency Brokerage Charges

Currency Brokerage ChargesSharekhan
Currency Futures Brokerage0.10%
Currency Options BrokerageRs.30 per Lot or 2.5% on Premium (Takes higher amount)

Commodity Brokerage Charges

Commodity Brokerage ChargesSharekhan
Commodity Options Brokerage0.10%

Sharekhan Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesSharekhan
Minimum Brokerage ChargesRs.20
Transaction Brokerage Charges0.00275% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20

Sharekhan Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Sharekhan:

Equity LeverageSharekhan
Equity DeliveryUpto 15x
Equity IntradayUpto 32x
Equity FuturesUpto 15x
Equity OptionsUpto 10x

Sharekhan Currency Leverage

Currency LeverageSharekhan
Currency FuturesUpto 8x
Currency OptionsUpto 10x

Sharekhan Commodity Leverage

Equity LeverageSharekhan
CommodityUpto 10x

Sharekhan Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanYes
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Sharekhan Features

Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionYes
Trading ExposureUpto 32x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Sharekhan Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Sharekhan Trading Platforms

The Sharekhan trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Sharekhan Trading Platforms

Desktop Trading PlatformsSharekhan
Desktop BrowserYes

Sharekhan Mobile App

The Sharekhan mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppSharekhan
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Sharekhan Web Trading

For web-based trading, Sharekhan offers a powerful trading website known as Sharekhan trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Sharekhan Trade Terminal

Sharekhan offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Sharekhan Customer Support

Customer SupportSharekhan
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches126

Sharekhan Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Sharekhan.

BSE ComplaintsSharekhan
BSE Complaints198
BSE Resolved Complaints184
Percentage of resolved BSE complaints92.93 %
NSE Complaints218
NSE Resolved Complaints217
Percentage of resolved NSE complaints99.54 %
BSE/NSE Complaint vs. Resolved Percentage96.24 %


In conclusion, Sharekhan offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Sharekhan can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.