March 5, 2011 by akhilendra

Sharekhan Review

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In our series of review of online brokers, Today we are going to review sharekhan. Sharekhan is one of the oldest broker in India. They are one of the first few brokers who started online trading in India. They have got wide presence across India. They are considered one of the finest broker in India. They offer whole lot of services including PMS. S.S. Kantilal Ishwarlal Securities Limited (SSKI), the parent company has been among India’s leading broking houses for more than a century. They have got presence in more than 170 cities.

They offer a well design web based portal which provides in-depth analysis of the most of the companies. One can invest in almost all kind of financial instrument their website. if you ask about sharekhan, most of the investor will recommend this broker. This is the level of their customer satisfaction. They offer various kind of trading portal which can accessed through web based portal. These portals are meant for different kind of traders like day traders, investors etc.

They offer two types of accounts,

Classic account

Allow investor to buy and sell stocks online along with the following features like multiple watch lists, online fund trasfer and portfolio tracking with price alerts.

1. Online trading account for investing in Equities and Derivatives
2. Dial-n-Trade
  1. Two dedicated numbers for placing your orders with your cellphone or landline.
  2. Automtic funds tranfer with phone banking (for selected banks)
  3. IVR authentication
  4. After hours order placement facility
3. Online trading + Bank + Demat account
4. Instant cash transfer facility against purchase & sale of shares
5. IPO investments
6. Instant order confirmations by e-mail
7. Single screen interface for cash and derivatives

ShareKhan SpeedTrade account

This accounts for active traders who trade frequently during the day’s trading session. Following are few popular features of SpeedTrade account.

Single screen interface for cash and derivatives
Real-time streaming quotes with Instant order Execution & Confirmation
Broker terminal like interface
Alerts and reminders
Back-up facility to place trades on Direct Phone lines

Brokerage:

Sharekhan charges 0.5% for inter day shares and 0.1% for intra day or you could say Sharekhan charges 50 paise per Rs 100. if you can bargain then they will can offer better packages suiting to your needs.