Interactive Brokers vs Sharekhan Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

About Sharekhan

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

Interactive Brokers vs Sharekhan Account Opening Charges: 2024

ChargeInteractive BrokersSharekhan
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹0
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹400 (Free for 1st year with trading account)

Interactive Brokers vs Sharekhan Brokerage Charges and Plans : 2024

ChargeInteractive BrokersSharekhan
Plan NameN/AClassic Account
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order0.50%
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order0.10%
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order0.10%
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹50 per lot
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order0.10%
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order₹30 per lot
Commodity OptionsN/A0.03%
Mutual FundN/AN/A

Interactive Brokers vs Sharekhan Margin / Exposure: 2024

SegmentInteractive BrokersSharekhan
Equity DeliveryN/AUpto 5x
Equity IntradayN/AUpto 10x
Equity FutureN/A2x
Equity OptionsN/ANil
Currency FutureN/ANil
Currency OptionsN/ANil
Commodity FutureN/AUpto 2x
Commodity OptionsN/AN/A

Interactive Brokers vs Sharekhan Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order for Currency Options whereas Sharekhan Charges 0.10% for Currency futures and ₹30 per lot for Currency options.
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