Zerodha Vs. Sharekhan: Read the Broker Comparison for 2020

Zerodha

Zerodha is a top online discount broker that lets you trade and invest yourself. We get to know from the Zerodha review 2020 that the broker lets you trade online and trade direct mutual funds. Also, Zerodha has one of the best trading platforms including Zerodha Kite, Coin, Console, Sensibull, Sentinel & Varsity with great features for its traders.

Zerodha Platform

Sharekhan

Sharekhan is a leading full-service broker that offers personalized services. Its investment and trading services include Demat, MF, PMS, NRI, Margin funding, and more.

Broker Comparison

Zerodha

Sharekhan

Broker Category

Discount Broker

Full-Service Broker

Features

Charting, Algo Trading, Online Demo, Combined Ledger for Equity & Commodity, Direct Mutual Funds, API for Algo trading, and NRI Trading.

Charting, SMS Alerts, Online Demo, Online Portfolio, Margin Trading Funding Available, Combined Ledger for Equity & Commodity, Classroom training, Pattern Finder, and NRI Trading.

Exchange Support

NSE, BSE, MCX, and NCDEX

BSE, NSE, MCX, NSEL, and NCDEX

Trading Charges

Brokerage charge for intraday, it is 0.03% or Rs 20/executed order (whichever is low) and for equity is Nil

Brokerage charge for intraday is 0.10% and equity is .50%

Demat Account & Their Charges

Demat account opening charge for Zerodha is Rs 200 and its AMC charge is Rs 300.

Demat account opening charge for Sharekhan is Rs 0 (Free) and its AMC charge is Rs 400.

Supported Trading Platform

Kite Mobile for iOS/ Android, Kite Web, and Coin

Sharekhan Mobile & Website, TradeTiger

Deposit and Withdrawal Methods

The deposit can be made using cheques, Online Bank Transfer (NEFT/IMPS/RTGS), UPI, Net banking from Kite

Withdrawals can be made via bank transfer only

The deposit can be made using cheques, Online Bank Transfer (NEFT/IMPS/RTGS), UPI, Net Banking, and Payment Gateway like the RelianceSmartMoney platform.

Withdrawals can be made via bank transfer only

Expose & Leverage

Equity Delivery – up to 20x

Equity Futures – up to 15x

Equity Intraday – up to 28x

Equity Options – up to 8x

Currency Options – up to 8x

Currency Futures – up to 12x

Commodities – up to 17x

quity Delivery – up to 5x

Equity Futures – up to 15x

Equity Intraday – up to 32x

Equity Options – up to 10x

Currency Options – up to 10x

Currency Futures – up to 8x

Commodities – up to 10x

Pros & Cons

Pros

  • Outstanding trading platform – Kite
  • Direct Mutual Funds Investments
  • Free equity delivery trade
  • Good till triggered orders are available
  • Referral Program available

Cons

  • No 3-in-1 account
  • No unlimited trading plans
  • No stock tips, reports, recommendations, and research

Pros

  • Stock SIP availability
  • Loans against shares, IPO financing, margin funding, and ESOP funding
  • TradeTiger trading terminal
  • Share transfer to and from the DP accounts is free
  • Fund transfer is also free

Cons

  • No 3-in-1 account
  • Brokerage is high

Customer Support

Email support, Phone support, and Through Branches

Email Support, Online Live Chat, Phone Support, Toll-Free Number, and Through Branches

Sharekhan Trading Platform

Conclusion

On comparing the brokers Zerodha and Sharekhan, we can conclude that Zerodha has low brokerage charges while Sharekhan is easy to reach with excellent customer support. Zerodha lets you invest in direct mutual funds while Sharekhan lets you invest in regular mutual funds only. Sharekhan works well for beginner and intermediate traders looking for research along with trading service while Zerodha provides GTT Order in trading & it works great for the seasoned traders looking to research and trade themselves for lower brokerage. Zerodha provides excellent LearnApp feature to its trader for the complete guide including video course, training, live classes, assessment quiz & much more.

Back to top button