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Sharekhan Vs F6 Online
| | Broker Comparison, Trading | No Comments
Sharekhan Vs F6 Online is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Sharekhan Vs F6 Online so that you get a 360-degree view about which broker to go ahead with.
Here is a point by point comparison of Sharekhan Vs F6 Online.
Sharekhan is one of India’s leading full-service brokers. Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks second in retail stockbroking in India. The stockbroker has been recently sold out to BNP Paribas for INR 2000 crore.
F6 Online is an evolving discount broker with a fixed price monthly and yearly subscription plans for its clients. One of the best parts of F6 Online is that it has no annual maintenance changes involved in its pricing which is one of its own kind in this competitive stock broking space.
Everything about discount brokers such as F6 Online is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as Sharekhan, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Sharekhan Vs F6 Online to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| F6 Online Review | Sharekhan Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2013 | 2000 |
| Number of branches across India | 7 | 1950 |
| Exchanges | NSE, BSE, MCX, NCDEX and NMCE | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹450 |
| Transaction Charges | F6 Online Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹666 per month or ₹6666 per year | 0.5% |
| Intraday Delivery | ₹666 per month or ₹6666 per year | 0.1% |
| Equity Futures | ₹666 per month or ₹6666 per year | 0.1% |
| Equity Options | ₹666 per month or ₹6666 per year | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | ₹666 per month or ₹6666 per year | 0.1% |
| Currency Options | ₹666 per month or ₹6666 per year | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | ₹666 per month or ₹6666 per year | 0.1% |
| Calculate Brokerage | Sharekhan Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 4 times | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 4 times | Upto 2 times for Intraday |
| Equity Options | NA | No Leverage |
| Currency Futures | Upto 4 times | No Leverage |
| Currency Options | NA | No Leverage |
| Commodities | 4 times of limit in the liquid commodities including Metals and Crude with no leverage in Agri commodities | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | F6 Online Web LIVE, F6 Online Mobile app | Trade Tiger |
| Complaint Percentage of Total Active Clients | 1.31% | 0.02% |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Sharekhan Vs F6 Online for the benefits of other readers? Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
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A Digital Blogger
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Broker Name
Sharekhan Vs F6 Online
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