Sharekhan Stock Trading

Sharekhan is online stock trading company of SSKI Group, provider of India-based investment banking and corporate finance service. ShareKhan is one of the largest stock broking houses in the country. S.S. Kantilal Ishwarlal Securities Limited (SSKI) has been among India’s leading broking houses for more than a century.

Sharekhan's equity related services include trade execution on BSE, NSE, Derivatives, commodities, depository services, online trading and investment advice. Trading is available in BSE and NSE. Along with Sharekhan.com website, ShareKhan has around 510 offices (share shops) in 170 cities around the country.

Share khan has one of the best state of art web portal providing fundamental and statistical information across equity, mutual funds and IPOs. You can surf across 5,500 companies for in-depth information, details about more than 1,500 mutual fund schemes and IPO data. You can also access other market related details such as board meetings, result announcements, FII transactions, buying/selling by mutual funds and much more.

Trade In: BSE and NSE

Type of Account

Classic Account Trading Terminal

1. ShareKhan Classic account

   Allow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer.
   
   1. Online trading account for investing in Equities and Derivatives
   2. Free trading through Phone (Dial-n-Trade)
      1. Two dedicated numbers for placing your orders with your cellphone or landline.
      2. Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
      3. Simple and Secure Interactive Voice Response based system for authentication
      4. get the trusted, professional advice of our telebrokers
      5. After hours order placement facility between 8.00 am and 9.30 am
   3. Integration of: Online trading + Bank + Demat account
   4. Instant cash transfer facility against purchase & sale of shares
   5. IPO investments
   6. Instant order and trade confirmations by e-mail
   7. Single screen interface for cash and derivatives

SpeedTrade Treading Terminal

2. 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.
   
   1. Single screen interface for cash and derivatives
   2. Real-time streaming quotes with Instant order Execution & Confirmation
   3. Hot keys similar to a traditional broker terminal
   4. Alerts and reminders
   5. Back-up facility to place trades on Direct Phone lines

Brokerage:

Some stock trading companies charge direct percentage while others charge a fixed amount per Rs 100. 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.

How to open account with Sharekhan?

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

• Call them at phone number provided below and ask that you want to open an account with them.
  1. Call on Toll free number: 1-800-22-7500 to speak to a Customer Service executive
  2. If you are in Mumbai call on 022-66621111
• Visit one of their branches. Sharekhan has a huge network all over India. Click on http://sharekhan.com/Locateus.aspx this link to find out your nearest branch. Just select the place near you and you'll find a manager to assist you there.
• You can send them an Email on info@sharekhan.com to know about their products and services.
• If you wish to chat with customer service representative, you can join the chat sesssion.

Advantages of Sharekhan:

1. Online trading is very user friendly and one doesn't need any software to access.
2. They provides good quality of services like daily SMS alerts, mail alerts, stock recommendations etc.
3. Sharekhan has ability to transfer funds from most banks. Unlike ICICI Direct, HDFC Sec, etc., so investor not really needs to open an account with a particular bank as it can establish link with most modern banks.

Disadvantages of Sharekhan:

1. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below 20 rs. (If you trade, you will loose majority of your money in brokerage).
2. Lots of hidden rules and charges.
3. They do not provide facility to book limit order trades during after-hours.
4. Classic account holders cannot trade commodities.
5. Cannot purchase mutual funds online.

Useful links about ShareKhan/Contact Sharekhan at:

1. ShareKhan Website: http://www.ShareKhan.com
2. Product Demo - SpeedTrade: http://www.sharekhan.com/Demos/speedtrade/index.html
3. Product Demo - Classic: http://www.sharekhan.com/Demos/classic/index.html
4. Email: info@sharekhan.com
5. FAQs: http://sharekhan.com/KnowledgeCentre/Sharekhan_FAQ.aspx
6. Phone: 022-66621111
7. Toll Free: 1-800-22-7500