IDBI Capital vs ShareKhan – Point by Point Comparison

Although both these firms provide for the same type of broker i.e. Full Time Service Broker but they charge differently when it comes to the fee for opening a trading account. IDBI Capital charges Rs 700 whereas ShareKhan takes a fee of Rs 750. The brokerage charges such as equity delivery charges, equity intraday charges and equity future charges for IDBI Capital are 0.50%, 0.08% and 0.08% respectively, whereas the same charges for ShareKhan are0.050%, 0.10% and 0.10% respectively. There are no commodity charges taken by IDBI Capital but ShareKhan charges 0.10% for the same. Minimum brokerage charges for IDBI Capital are Rs 25 per transaction or 2.5% of the transaction value (whichever is lower), while ShareKhan takes Rs 0.1 per share as brokerage charge. The 3-in-1 account feature is provided by IDBI Capital but not by ShareKhan. The customer support through online live chat is not provided to its customers by IDBI Capital but ShareKhan provides this feature of support.

    IDBI Capital ShareKhan
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE BSE, NSE, MCX, NSEL & NCDEX
Fees for Opening Trading Account Rs. 700 Rs. 750
Annual Maintenance Charges of Trading Account Nil Rs. 450
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% 0.50%
Equity Intraday Charges 0.08% 0.10%
Equity Future Charges 0.08% 0.10%
Equity Options Charges Rs. 100 per lot Rs. 100 per lot or 2.5% on premium, whichever is higher
Currency Futures Charges NA 0.10%
Currency Options Charges NA Rs. 100 per lot or 2.5% on premium, whichever is higher
Commodity Charges NA 0.10%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 0.10 per share
Transaction Charges Equity Delivery 0.00% 0.1% from both sides
Equity Intraday 0.00% 0.03%
Equity Futures 0.00% 0.17% from selling side
Equity Options 0.051% on Premium 0.017% on premium from selling side
Currency Futures NA 0.17% from selling side
Currency Options NA 0.017% on premium from selling side
Commodity NA 0.00%
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts NA Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Power Pro Trade Tiger
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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