Compare 3 Brokers

Sharekhan Vs IDBI Direct: Which one is better?

The brokerage of Sharekhan ranges between 0.1 to 0.5% while the brokerage of IDBI Direct ranges between .08 to .5%. Both the brokers are Full Service brokers. Sharekhan is having overall higher rating compare to IDBI Direct. Sharekhan is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5.

Here we present side-by-side comparison of Sharekhan vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs IDBI Direct's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Compare Sharekhan vs IDBI Direct on Service

  Sharekhan Compare
Sharekhan
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX, NSEL BSE, NSE
Broker Overview Sharekhan not just allows trading in all the segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more. With t... Know more about Sharekhan IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive broker...Know more about IDBI Direct
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IDBI Direct. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Sharekhan vs IDBI Direct on Trading & Demat Account Opening Charges

In this section we have compared Sharekhan with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan offer Free account opening where IDBI Direct charges Rs 700 for account opeing. Demat AMC charges - Sharekhan charges Rs 400 PA (Waived for 1st year) AMC for Demat account where IDBI Direct charges Rs 350 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with IDBI Direct
Charges Sharekhan IDBI Direct
Trading Account Opening Fees Free Rs 700
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Rs 350 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare Sharekhan with IDBI Direct. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Sharekhan provide Multiple Plans where IDBI Direct doesn't offer Monthlay Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with IDBI Direct on Plan Options
Plan Types Sharekhan IDBI Direct
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan IDBI Direct
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs IDBI Direct on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

IDBI Direct Brokerage Plan detail - This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months.

Brokerage Charges - Compare Sharekhan with IDBI Direct
Brokerage Charges Compare Sharekhan IDBI Direct
Plan Name Classic Trading Plan (Percentage Based) Flexi Gold Trading Plan (Percentage Based)
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa
Equity Intraday 0.1% or 10 paisa 0.08% or 8 paisa
Equity Futures 0.1% or 10 paisa 0.08% or 8 paisa
Equity Options 2.5% of Premium or Rs 250 per lot whichever is high Rs 100 Per Lot
Currency Futures 0.1% or 10 paisa 0.08% or 8 paisa
Currency Options 2.5% of Premium or Rs 30 per lot whichever is high Rs 100 Per Lot
Commodity Trading 0.1% or 10 paisa NA
Minimum Brokerage Rs 20 Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Info Not Available
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for IDBI Direct
SPAN Margin Calculator SPAN Margin Calculator for Sharekhan SPAN Margin Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare Sharekhan vs IDBI Direct on Transaction Charges

Compare Sharekhan with IDBI Direct on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan with IDBI Direct
Transaction Charges Compare Sharekhan IDBI Direct
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5100 Per Cr
Currency Futures Rs 100 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for idbicapital
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Account Features

Compare Sharekhan vs IDBI Direct on Account Features

Compare Sharekhan with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Sharekhan offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo tradig. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - both brokers provides NRI Trading facility.

Account Features - Sharekhan with IDBI Direct
Account Features Compare Sharekhan IDBI Direct
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. Yes, Sharekhan have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs IDBI Direct on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and IDBI Direct. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with IDBI Direct
Trading Platform Compare Sharekhan IDBI Direct
Desktop Trading Platform TradeTiger Infinity
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://trade.idbicapital.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Sharekhan IDBI Direct Mobile App
Mobile Trading App Demo Sharekhan Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS IDBI Direct Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for IDBI Direct
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for IDBI Direct
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for IDBI Direct
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for idbicapital

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Broker Ratings by Users

Compare Sharekhan vs IDBI Direct on User Rating

  Sharekhan IDBI Direct
  178 Customer Reviews    Rate Sharekhan 30 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.2 3.0
Trading Brokerage Rating 3.1 2.4
Trading Platform Usability 3.9 2.5
Customer Service Ratings 3.5 2.8
Overall Ratings Rated 3.6 stars Rated 2.7 stars
Broker Rating Sharekhan is Rated 3.6 / 5 based on 178 customer reviews IDBI Direct is Rated 2.7 / 5 based on 30 customer reviews
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Investment Offerings

Compare Sharekhan vs IDBI Direct on Investment Offerings

Compare Sharekhan with IDBI Direct on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - both brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Sharekhan offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - Sharekhan provide PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare Sharekhan with IDBI Direct
Investment Offerings Compare Sharekhan IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs IDBI Direct on Order Types

Order Type - Compare Sharekhan with IDBI Direct on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Sharekhan provide Cover Orders (CO) where IDBI Direct doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Sharekhan provide Bracket Orders (BO) where IDBI Direct doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- Sharekhan offers Good Till Cancelled (GTC) orders where IDBI Direct doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Sharekhan with IDBI Direct
Order Type Compare Sharekhan IDBI Direct
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare Sharekhan vs IDBI Direct on Margin/Leverage

Comapre Sharekhan with IDBI Direct on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Sharekhan with IDBI Direct
Margin Product Compare Sharekhan IDBI Direct
Equity Delivery Margin Sharekhan vs IDBI Direct - Equity Delivery Margin Upto 5x via Margin Funding. Info Not Available
Equity Intraday Margin Sharekhan vs IDBI Direct - Equity Intraday Margin Up to 10x or 10% subject to Var and ELM. Up to 10x or 10% subject to Var and ELM.
Futures Margin Sharekhan vs IDBI Direct - Futures Margin 1x means actual SPAN + Exposure. 1x means actual SPAN + Exposure.
Options Margin Sharekhan vs IDBI Direct - Options Margin 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Sharekhan vs IDBI Direct - Equity CO Margin Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order. Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.
Futures CO Margin Sharekhan vs IDBI Direct - Futures CO Margin 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order. 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin Sharekhan vs IDBI Direct - Options CO Margin 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order. 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin Sharekhan vs IDBI Direct - Commodity Margin 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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Customer Service Offered

Compare Sharekhan vs IDBI Direct on Customer Service

Compare Sharekhan with IDBI Direct on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Sharekhan with IDBI Direct
Customer Service Compare Sharekhan IDBI Direct
24/7 Customer Service Sharekhan vs IDBI Direct - 24x7 customer support No No
Email Support Sharekhan vs IDBI Direct - Email Support Yes Yes
Onine Live Chat Sharekhan vs IDBI Direct - Onine Live Chat Yes No
Phone Support Sharekhan vs IDBI Direct - Phone Support Yes Yes
Toll Free Number Sharekhan vs IDBI Direct - Toll Free Number Yes Yes
Through Branches Sharekhan vs IDBI Direct - Through Branches Yes Yes
Customer Care Number Sharekhan vs IDBI Direct - Customer Care Number 1800227500 Info Not Available
Account Opening Process Sharekhan vs IDBI Direct - Account Opening Process Offline Info Not Available
Customer Support Email Sharekhan vs IDBI Direct - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Sharekhan vs IDBI Direct - Knowledge Center/Education https://www.sharekhan.com/help/hello Info Not Available
Head Office Address Sharekhan vs IDBI Direct - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Info Not Available
Website Sharekhan vs IDBI Direct - Company Website https://www.sharekhan.com Info Not Available
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Tips/Research/Reports Published

Compare Sharekhan vs IDBI Direct on Research Reports, Tips

Compare Sharekhan with IDBI Direct on research reports and tips provided by broker.

Research Reports - Compare Sharekhan with IDBI Direct
  Sharekhan IDBI Direct
Research Mutual Funds Sharekhan vs IDBI Direct - Research Mutual Funds Yes Yes
Research Equity Reports Sharekhan vs IDBI Direct - Research Equity Reports Yes Yes
Research ETF Sharekhan vs IDBI Direct - Research ETF Yes Yes
Daily Market Report Sharekhan vs IDBI Direct - Daily Market Report Yes Yes
Free Tips Sharekhan vs IDBI Direct - Free Tips Yes Yes
Quarterly Result Analysis Sharekhan vs IDBI Direct - Quarterly Results Yes Yes
News Alerts Sharekhan vs IDBI Direct - Yes Yes
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Demat Account

Compare Sharekhan vs IDBI Direct on Demat Account

Compare Sharekhan with IDBI Direct on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with IDBI Direct
  Sharekhan IDBI Direct
DP Source CDSL CDSL
DP ID Sharekhan vs IDBI Direct - DP ID 36000 No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹350 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NO
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹30 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.03% (Min ₹100) 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation Nil 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation Nil 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil

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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs IDBI Direct on Special Offers and Promotion

Compare Sharekhan with IDBI Direct on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs IDBI Direct on Special Offers and Promotion
  Sharekhan IDBI Direct
Pay In and Pay Out Options Sharekhan vs IDBI Direct - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Sharekhan vs IDBI Direct - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Sharekhan vs IDBI Direct - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.

Detail Review...

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

Detail Review...

Dislikes
  • Doesn't offer 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.

Detail Review...

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

Detail Review...

Special Offers/Promo Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time.
Enquiry Enquire about Sharekhan Enquire about IDBI Direct

Last Updated on 2019-12-13T01:08:47+00:00







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