Sharekhan vs IDBI Direct – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of Sharekhan vs IDBI Direct. Sharekhan is the only full service broker who has come up with a thought of trading institution while IDBI Direct is a banking broker who is totally against any kind of marketing gimmick. This comparison between Sharekhan & IDBI Direct is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This Sharekhan & IDBI Direct comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare IDBI Direct & Sharekhan

Overview of Sharekhan & IDBI Direct

Overview Sharekhan IDBI Direct
Company Type Private Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Jaideep Arora Gurudeo M. Yadwadkar & Rakesh Sethi
Established Year 2000 2006

Sharekhan vs IDBI Direct Customer Ratings Comparison

Customer Ratings Sharekhan IDBI Direct
Experience 7.5/10 6.2/10
Products & Services 7.0/10 6.0/10
Brokerage Charges & Fees 6.5/10 6.3/10
Stock Research & Advisory 7.0/10 6.1/10
Trading Platforms 7.5/10 6.0/10
Overall Ratings 7.1/10 6.1/10
Star Ratings ★★★★☆ ★★★☆☆
Total Client Reviews 1236 157

Sharekhan vs IDBI Direct Demat Account Comparison

Demat Services Sharekhan IDBI Direct
Depository Source NSDL & CDSL CDSL & NSDL
Account Opening Charges Zero Free
Demat AMC Charges Free or Rs.300 per Annum Rs.350 per Annum
Trading AMC Charges Free Free
Margin Money Zero Rs.10,000
Offline to Online R R

IDBI Direct vs Sharekhan Brokerage Charges Comparison

Brokerage Charge & Fees Sharekhan IDBI Direct
Equity Delivery Trading 0.50% 0.05% – 0.35%
Equity Intraday Trading 0.10% 0.01% – 0.04%
Commodity Options Trading 0.10% 0.01% – 0.04%
Equity Futures Trading 0.10% 0.01% – 0.04%
Equity Options Trading Rs.100 per Lot or 2.5% on Premium (Takes higher amount) Rs.10 – Rs.60 per lot
Currency Futures Trading 0.10% 0.01% – 0.04%
Currency Options Trading Rs.30 per Lot or 2.5% on Premium (Takes higher amount) Rs.10 – Rs.60 per lot
Minimum Brokerage Rs.20 Rs.20 per executed order
Demat AMC Charges Free or Rs.300 per Annum Rs.350
Trading AMC Charges Free Free
Margin Money Zero Rs.10,000
Brokerage Calculator Sharekhan Brokerage Calculator IDBI Direct Brokerage Calculator

IDBI Direct & Sharekhan Other Charges Comparison

Other Charges Sharekhan IDBI Direct
Transaction Charges 0.00275% of Total Turnover 0.00312% of Total TurSver
STT 0.0126% of Total Turnover 0.0126% of Total TurSver
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total TurSver
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare IDBI Direct & Sharekhan Offers

Offers Sharekhan IDBI Direct
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free R S
Holiday Offers S R
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Sharekhan vs IDBI Direct

Services Sharekhan IDBI Direct
Demat Services R R
Trading Services R R
3 in 1 Acount S R
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory R S
PMS R S
Trading Institution R S
Trading Exposure Upto 32x Upto 15X

Compare IDBI Direct & Sharekhan Research & Advisory

Research & Advisory Sharekhan IDBI Direct
Fundamental Reports R R
Research Reports R R
Company Reports R S
Annual Reports R S
Company Stock Review R R
Free Stock Tips R R
IPO Reports S R
Top Picks R R
Daily Market Review S R
Monthly Reports R S
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Sharekhan vs IDBI Direct Exposure/Leverage

Exposure / Leverage Sharekhan IDBI Direct
Equity Delivery Upto 15x Upto 3X
Equity Intraday Upto 32x Upto 15X
Equity Futures Upto 15x Upto 3X
Equity Options Upto 10x Upto 5X
Currency Futures Upto 8x Upto 2X
Currency Options Upto 10x Upto 2X
Commodities Upto 10x Upto 2X
Margin Calculator Sharekhan Margin Calculator IDBI Direct Margin Calculator

Sharekhan vs IDBI Direct Product Comparison

Products Sharekhan IDBI Direct
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex S S
Banking S R
SIP R R
Insurance S S

Sharekhan vs IDBI Direct Trading Platform Comparison

Trading Platforms Sharekhan IDBI Direct
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform S S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

Sharekhan vs IDBI Direct Customer Support

Customer Support Sharekhan IDBI Direct
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support R S
Toll Free Number 1800 22 7500 S
Branches 126 225

Sharekhan vs IDBI Direct Customer Complaints

Complaints (Current Year) Sharekhan IDBI Direct
Lodged in BSE 198 46
Resolved in BSE 184 42
Lodged in NSE 218 65
Resolved in NSE 217 59

Compare Sharekhan with other Brokers & IDBI Direct with other Brokers

 


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