Sharekhan: Overview
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis and such information thereof. With Sharekhan, you can invest in a variety of avenues like equity, futures and options, commodities and also investment in IPO’s, mutual funds, insurance, bonds and NCD’s.
It provides trading execution facilities on both equity and derivatives segments on BSE as well as NSE, commodities trading facilities on both MCX and NCDEX. Along with that, Sharekhan also offer depository services for your dematerialised assets.
Sharekhan has a huge emphasis on research, and also operates its research teams that publishes investment advices, various stock tips, quarterly result of companies and its analysis, and news alerts to customers though email, SMS and notifications on web portal and application. Sharekhan also provides an excellent knowledge centre on its site, helping beginners to clear their basics while also helping market investors of all kind.
Whats more? Along with that, frequently, Sharekhan offers free online and classroom seminars and workshops to investors, with experts who have experience in the market. Their customer care representation is also a class in itself, with each account coming with online and offline help from a representative, usually time bound.
Sharekhan also excels in its simplicity, which shows in the way it classifies its accounts
Sharekhan : Types of Accounts
1. Classic Account: This type of account is for investors and infrequent traders. The account offers demat services for your dematerialised assets, along with offering trading in equities, debt and commodities. It offers online portal through website and email, along with telephonic order placement.
2. TradeTiger Account: This type of account offers all of the above features, along with access to Sharekhan’s proprietary programme TradeTiger, for advanced and frequent traders. It offers a number of tools like Tick Query, Ticker, Market Summary, Action Watch and also offers real time updates on price movement for fast and efficient trading. It also has tie-ups with 12 banks for instant transfer of funds.
ShareKhan: Trading Software
1. ShareKhan TradeTiger: TradeTiger is Sharekhan’s proprietary trading terminal, downloadable for desktop. It is created for active traders, and offers features like API integration for algorithm based trading and trading directly through excel, along with basic terminal features like bird’s eye view of market and advanced charting.
2. Sharekhan Website: Sharekhan also offers trading services through its website, however it is more for basic users and long term investors not in need for real time movements. It offers basic features like trading and IPO investments, as well as news alerts.
ShareKhan’s Mobile Trading Application : The mobile application available for both android and iOS offers services like watchlists, market stats and advanced charting.
3. ShareKhan Mini: This is ShareKhan’s low bandwith website for fast and efficient trading, for users who have troubled internet connection.
4. ShareKhan Dial and Trade: Sharekhan also offers services to dial and trade through phone, which offers benefits like understanding market insights with an expert, secure processing, etc.
Sharekhan: Account Opening Process
The Demat and trading account can be opened online with no charges associated. Users can fill in the application and attach necessary documents on its website to open the respective account. It should take less than a day to open your Demat and trading account successfully.
Also, maintenance charges are levied which are quite reasonable.
Share khan offers a simple way of opening a demat and trading account. For those willing to know a detailed orientation as to how it can be opened? Then it has been illustrated below.
Opening a Demat and Trading Account with Share khan
- Head to share khan’s official website.
- Click on the “open demat account option” on the homepage.
- Once it opens, then enter your personal information and other details.
- You will have to provide copies of valid documents such as cancelled cheque, PAN card, Aadhaar card, passport, income proof, etc., based on your account opening preference.
- Once the documents are uploaded, it will then be verified. You should get an OTP for the documents you just uploaded confirming that it’s your documents and they are original.
- Once completed, an in-person verification process would be carried out. However, this step has been converted to a video session where a person will verify you through live video.
- After a successful verification process, users should get the login credentials through a text message or their respective mail address.
- One received, you can access your demat account and start trading effortlessly.
However, with trading accounts, the above-given steps remain the same with no difference. Demat accounts are to hold your shares and stocks purchased. At the same time, a trading account enables you to trade stocks and shares. There are no different steps. It gets opened automatically when you create your demat account.
Sharekhan Trading Account Review
The process of opening a demat and trading account is a straightforward process with not much involved. Users can easily open it provided they have all the necessary information and documents in soft copy. You can get the account opened offline as well by visiting their branch office in every major city in the country.
Sharekhan: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹0 |
| Demat Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹400 (Free for 1st year with trading account) |
Sharekhan: Commodity Trading
Sharekhan does provide commodity trading through its dedicated trading tools. Anyone with a PAN card and above 18 years of age can trade in the commodity segment. Moreover, the stockbroker provides education lesion to helps users trade in the commodity segments.
There are quite a few stockbrokers in the country that offers commodity trading, and one of them happens to be Sharekhan. They offer commodity trading through the MCX and NCDEX. It offers multiple trading tools and platforms through which users can effectively trade and earn the name of being one of the best stock brokers to use to trade in the commodity segment.
About Commodity Trading through Sharekhan
The brokerage charge associated with share khan is 0.1% of the order placed. However, the charge associated in opening a trading account is 750 rupees and a 1000 rupees for opening a trade tiger account. There are no maintenance charges, but the stockbroker provides a brokerage calculator if you want to know the additional tax and service charges.
There are different ways in which users can trade in the commodity segments. Share khan offers trading tools such as Comtiger, Commobile, and Comtrademini. Furthermore, calling and trading services are also available with the stockbroker. Share khan typically uses research products offered by today’s calls, market outlook, model portfolio and others to provide necessary information on commodity trading.
Benefits of Commodity Trading with Sharekhan
- Customer care is excellent, where there are different channels for getting in touch with them.
- There are dedicated platforms and trading tools only directed towards commodity trading.
- The brokerage charges aren’t absurd but quite reasonable.
- The researched information and tips offered are quite technical and useful.
- The tools offered are quite helpful and well built.
Disadvantages of Commodity Trading with Sharekhan
- The performance and features offered by the trading tools for commodity trading are limited and not that extensive.
- The technical pointers and research tips can be improved as it gives only an overview of things and nothing else.
- The margin offered is quite limited to clients.
Sharekhan Commodity Trading
Commodity trading with the stockbroker is simple and straightforward. It’s one of the best platforms where users can execute commodity trading with its unique training tools. If you can overlook the nit-picked setbacks, it’s a perfect commodity trading stockbroker.
Sharekhan: Currency Trading
Yes, currency trading is available as a trading option with Sharekhan. All the transactions are carried out through the NSE, MCX-SX, and USE. However, for those looking to trade in the currency segment, they will require a trading account to be set up with Sharekhan. Moreover, the brokerage charges are comparatively lower and offers a broad range of benefits in currency trading.
Sharekhan happens to be the 3rd largest stockbroker in the country, offering trading in almost all trading segments of the Indian stock market. Users can use the stockbroker to invest in the stock market’s currency segment through the USE, NSE, and MCX-SE. The company’s average brokerage fee on the trade executed is 30 rupees of 2.50% per lot, whichever is higher. For currency, futures is 0.10%.
The stockbroker also provides great trading platforms such as trade tiger, Sharekhan website, share khan mini, and the share khan application. We have provided them below for the benefits of using Sharekhan in trading in the currency segments.
Benefits of using Sharekhan for Currency Trading
1. Multiple Markets:
Users can use share khan to trade in multiple markets such as the NSE, MCX-SE, and USE. These are the recognized currency exchange markets in the country.
2. Low Brokerage Fee:
The platform has a lower brokerage plan where you would have to pay 30 rupees per trade, making it the lowest in its category, maximizing your profits.
3. Transparent Accounting:
All of the trade details, along with the different charges and other services incurred with each trade, can be accessed. It’s a transparent stockbroker with nothing to hide.
4. Accurate Research:
There is proper research on currency trading daily, making it beneficial for traders to invest in the segment.
5. Risk is a Minimum:
The contracts issued are guaranteed by the clearing corporation, which eliminates any risks that might be non-performing.
Sharekhan Currency Trading
Share khan, a premier stock broker that offers explicit currency trading options. It ensures that users can easily trade in the segment without any issues, thanks to its applications and trading platforms. Even the brokerage fees are low when compared to other brokers.