Sharekhan Vs TradePlus Online

A Digital Blogger | | Broker Comparison, Trading | No Comments

Compare Stock Brokers

Sharekhan Vs TradePlus 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 TradePlus Online so that you get a 360-degree view about which broker to go ahead with.

Sharekhan Vs TradePlus Online Comparison

Here is a point by point comparison of Sharekhan Vs TradePlus 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.

TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.

They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.

Everything about discount brokers such as TradePlus Online is internet based, be it – customer service, trading, account opening etc. Full-service brokers such as Sharekhan, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need 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 TradePlus 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

Sharekhan Vs TradePlus Online Compare

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 stock broking firms.

We hope this article helps you to understand which of the two brokers is better for your needs.



	Trade Plus Online Review	Sharekhan Review
OVERVIEW
Broker Type	Discount Broker	Full Service Broker
Incorporated In the Year	1995	2000
Number of branches across India	300	1950
Exchanges	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX, NSEL
ACCOUNT CHARGES
Trading Account Opening Charges	₹199	₹750
Trading Account Annual Maintenance Charges	₹499 (for 5 years)	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account Annual Maintenance Charges	₹0	₹450
Transaction Charges	TradePlus Online Transaction Charges	Sharekhan Transaction Charges
BROKERAGE
Equity Delivery	0.1%	0.5%
Intraday Delivery	0.01%	0.1%
Equity Futures	₹799 per month for Unlimited trading or 0.01% whichever is lower	0.1%
Equity Options	₹99 per month for Unlimited trading or 0.01% whichever is lower	₹100 or 2.5% on Premium (whichever is higher of the two)
Currency Futures	₹99 per month for Unlimited trading or 0.01% whichever is lower	0.1%
Currency Options	₹99 per month for Unlimited trading or 0.01% whichever is lower	₹100 or 2.5% on Premium (whichever is higher of the two)
Commodity	₹99 per month for Unlimited trading or 0.01% whichever is lower	0.1%
Calculate Brokerage	TradePlus Online Brokerage Calculator	Sharekhan Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	4 times for Delivery on Shares when VAR margin is less than 20%	Upto 10 Times for Intraday & 5 Times for Delivery
Equity Futures	NA	Upto 2 times for Intraday
Equity Options	Upto 2 times for Intraday	No Leverage
Currency Futures	NA	No Leverage
Currency Options	Upto 2 times for Intraday	No Leverage
Commodities	Upto 2 times for Intraday	Upto 2 times for Intraday
RESEARCH
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
Research		Sharekhan Research
TRADING SEGMENTS
Equity
Mutual Funds
IPOs
Currency
Commodity
CUSTOMER SERVICE OPTIONS
Email Support
Live Chat
Phone
Toll Free Number
Offline Branches
Customer Care		Sharekhan Customer Care
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)	Nest On Web, Infini Trader, TradPlus Mobile	Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini
Complaint Percentage of Total Active Clients	0.10%	0.01%
Complaints		Sharekhan Complaints
OVERALL RATING
	Get a Callback	Get a Callback

*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.

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 TradePlus 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.