Sharekhan Brokerage Charges, Margin, Trading Platform & Fee

Want to know Sharekhan Brokerage Charges, Margin, Trading Platform & Fee? Well you have landed on the right article!

Have you been searching for a trading platform with high security and low rates? Do you want to avail services from a brokerage firm that prioritizes client satisfaction?

And all this from the comfort of your own home? Well, you’ve come to the right place! Sharekhan offers you all these services and more!

As an online broker, Sharekhan does not have a physical presence. All their transactions are conducted virtually. In comparison to them, low-cost brokers in the market do not provide great services or features.

Due to their large size and high security, Sharekhan has won several awards for their excellence and ability, thus why their clients have had continued success with them.

The platform offers several types of trading products: Exchange Traded Products (ETPs), Forex products, CFDs, and Commodity Trading Products (CTPs). In this article, we will focus on the most popular CFD products they offer: Sharekhan CFD and Sharekhan CFD Plus.

All transactions are subject to a minimum trade fee of ₹150 – the standard charge is not specific to Sharekhan. The table below outlines the Sharekhan fee schedule, which can be seen at the time of order placement.

Please note that the below-mentioned charges are in addition to the brokerage charge.

 Sharekhan Brokerage Charges, Margin, Trading Platform & Fee

1. Brokerage

1.1 Commissions and Charges 

1. A minimum brokerage of ₹50 is applicable across all trade calls executed by Sharekhan. Margin requirements are based on the underlying security’s current market price.
   
   
2. On this platform, you can see how much your order costs at the time of submission, allowing you to choose between accepting or rejecting the changes before placing an order.
   
   
3. You are given the choice of opting between three different trading plans: Regular, Pro, and Premium (as shown below)—all three offer different types of convenience services to choose based on your trading habits and objectives.
   
   
4. You can change your trading plan and plan level at any time. The rate of commission and costs you pay for your Sharekhan equity CFD are as mentioned in the table.

1.2 Commodity Trading Products (CTPs)

CTPs are mainly executed in a 24-hour market cycle. The Sharekhan broker has a large number of CTPs ranging from simple futures to complex options.

CTPs let you participate in the movement of these products at any time, proving to be an important tool for dealing with volatile markets.

The Sharekhan broker deals solely in goods with atomic weights, involving no shipping, delivery dates, or currencies.

2. Trading platform for Sharekhan CFD

Sharekhan offers a high-quality trading platform that can be accessed via web and mobile. Its advanced, user-friendly platform has been designed to make trading as easy as possible for you.

The platform allows you to trade in multiple assets at the same time through a single integrated order management system (OMS). This makes the trading process more convenient for your forex and equity transactions.

As an investor, you would generally need to open separate accounts with different brokers and access several different platforms to execute your trades according to the regulations of each market.

3. Fee

Sharekhan offers a fixed fee at the time of order submission, permitting you to confirm the price of your order before you execute it on the trading platform. You will also be shown the fee to be paid to your broker and trading platform at the time of execution.

Methods of Sharekhan Brokerage Charges

1. Sharekhan Brokerage Charges for Intra-Day Trades

The sharekhan intraday brokerage charges is a fixed fee of 5 paise per share (charged on every transaction) for sharekhan intraday charges trades.

With intra-day trading, you can avail better deals at cheaper prices than traditional options. It will also ensure that you don’t lose out on any trading opportunity.

2. Sharekhan Brokerage Charges for Delivery-based Trades

Deliverable trades are eligible for a 10 paise per share fee, which is charged on every contract.

For deliverable trades, you can choose between three different types of contracts:

1. Fixed for Future (FFF): A contract with an expiry on the future date. For example, if you trade in Nifty Futures at ₹10500 and the expiry date is on June 19th, 2018, then as per this trading call, you have to keep the Nifty Futures trading call till June 19th, 2018.
   
   
2. Roll Over: This is another form of deliverable trades, where you keep the same contract for the next day till the expiry date. If the price movement of a stock is such that you have generated a loss, you can choose to roll over your call to next day’s call to avoid loss.
   
   
3. Cash Settled Future: If you choose a cash settled option, instead of delivering the underlying security itself, you will receive cash at expiry.

As an investor, there are two advantages of choosing these options over physical delivery:

1. Your losses are limited and predictable in this (cash settled) option.
   
   
2. You will be able to cover all calls by selling the options you have bought.

3. Sharekhan Brokerage Charges for Equity Future

Sharekhan charges a fixed fee of ₹50 per lot for all future transactions. This is an industry-standard fee for most forex and equity brokers.

Keeping the transaction costs to a minimum is essential in achieving continuous profitability. Because of this, there are no additional markups or fees when you open positions through Sharekhan CFDs. As a result, you can have access to some of the lowest rates in the financial market today.

Sharekhan offers competitive price points for options and traditional futures instruments (neither of these have any additional markups).

4. Sharekhan Brokerage Charges for Equity Options

The trading charges for equity options are fixed at ₹63 per option contract. This means you will be charged ₹63 irrespective of how high or low the premium on your equity system gets.

Equity trade costs are usually marked up significantly due to extra service charges on execution or the risks taken which make it expensive for an investor to transact. But Sharekhan fees are fixed and, thus, transparent.

5. Sharekhan Brokerage Charges for Currency Trading

Sharekhan has the lowest cost of transaction in the currency trading domain. They charge a flat fee of 1 paisa per lot on all currency trades placed with the platform.

This is not only one of the lowest costs in the industry, but it also allows you to trade on a larger volume at one go, which can be highly beneficial for you in terms of trading opportunities.

6. Sharekhan Brokerage Charges for Sharekhan Gold Future

Sharekhan has a flat brokerage fee of 1% per lot on all gold futures trades that you make from this platform, irrespective of the contract’s strike price (call or put). This is extremely low compared to other brokers in the market. Moreover, there is no extra charge for using leverage.

As a Sharekhan customer, you can enjoy transparency and fairness in all dealings through the trading platform as well as improve your risk management skills with its operations.

Sharekhan Pros and Cons:

Pros

1. Sharekhan has a vast array of trading resources and information for its clients.
   
   It supports integrated digital services and information for investors via its website and mobile application. This includes regular investor news, market volatility alerts, performance reporting, investment analysis, and other financial resources.
   
   
2. Sharekhan’s trading platforms are user-friendly and easy to understand.
   
   They include several advanced tools that help you make better-informed investment decisions such as technical tools, risk management tools, and analytical tools.
   
   These features allow you to make smarter investment decisions that could lead to higher returns on your investments.
   
   
3. Sharekhan has been in the business for over 15 years.
   
   Sharekhan has established itself on the market as a reputable online brokerage and trading platform. Started in 2004 by the Share Holding Company (India) Ltd, they are well known for their state-of-the-art technology and outstanding customer service.
   
   The company’s founders have had several years of experience in the financial services space, including strategic planning, sales, and marketing, risk management, operations, compliance, and technology.
   
   
4. Sharekhan’s customer support team is available 24x7x365 to help you with any queries or issues you may have.
   
   They offer a money-back guarantee on all their products, so you have full assurance that you will get the best forex and equity trading experience possible.
   
   There are also no hidden charges levied on transactions, as they offer very competitive trading costs on all products they sell.
   
   
5. High liquidity rate to help you execute your trades quickly.
   
   As a Sharekhan customer, you will have access to high liquidity rates on the trading platform. You can make your orders in seconds, within which they will be filled quickly.
   
   The Sharekhan liquidity rate is between 5–10 minutes. Thus, you can always get quotes from the market and place your order with minimum delay.
   
   With this high liquidity rate, you need not spend hours waiting for executions or canceling orders that were placed too early.
   
   
6. Sharekhan has an intense research facility for their clients
   
   As a Sharekhan brokerage account holder, you will have access to diverse resources within their research section which includes simple and advanced analysis tools to help you analyse your portfolio and monitor market trends.

Cons

1. Sharekhan is not available for US citizens.
   
   The Sharekhan broker does not support US-based investors as it is not registered with the US Securities and Exchange Commission (SEC).
   
   So if you are an American citizen, you cannot trade on the Sharekhan platform. Additionally, Sharekhan does not support global citizens either.
   
   Even if you are a resident of other markets like Europe, Asia, or South Africa, you will find it difficult to trade on Sharekhan owing to its strict norms, which do not allow the registration of non-resident Indians (NRIs) in India.
   
   Thus, it is important that you only place trades through them if you are residing in India.
   
   
2. Sharekhan is expensive for professionals.
   
   If you use Sharekhan for trading a lot of contracts daily, it will become expensive to trade through them as they charge a whopping ₹120 per contract.
   
   However, if you are a professional trader who trades less than 5 contracts a month, its fees will work out cheaper than traditional options brokers.
   
   
3. Sharekhan funding can be done only via bank transfer.
   
   If you trade on Sharekhan for a long period, you can make fixed deposits or withdraw money from your account through two options: bank transfer and cheque.
   
   If you choose the bank transfer option, you will have to wait for at least three days for the money to show up in your bank account.
   
   
4. Sharekhan does not offer margin facilities.
   
   Margin trading is a good way to leverage your investments and increase your returns. However, this can also significantly increase the risks and losses of your investment portfolio if misused.

Conclusion

Sharekhan is a good option for beginners or professionals who want to engage in trading transactions and brokerage services. They offer a wide variety of trading instruments and a broad range of customers can use it to execute transactions within the same platform.

This helps in reducing indecision while deciding on the best financial deals possible, ensuring your success. Sharekhan does not have international recognition, and only Indian residents can trade on it.

Nevertheless, with their low transaction charges along with the transparency they offer to their clients, this online brokerage platform will be able to provide you with an excellent online trading experience.