Firstrade vs Sharekhan - BrokerCue
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Broker Comparison

Firstrade vs Sharekhan

Compare Firstrade and Sharekhan side by side: fees, regulation, platforms.

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobileโ€ฆ

VS
Sharekhan

Sharekhan

Indian investors seeking full-service support

Sharekhan is an India-based full-service broker offering equities, derivatives, commodities and mutual funds โ€ฆ

Head-to-head comparison

Firstrade vs Sharekhan
Feature Firstrade Sharekhan
Minimum deposit $0 -
Stock trading fee $0 commission Equity delivery: 0.30% or minimum 1 paisa per share (whichever is higher); reduced to 0.08% with prepaid plans
Regulators FINRA SEBI
Best for Cost-conscious US stock, ETF and options traders Indian investors seeking full-service support
Markets & account
Stocks
ETFs
-
Bonds
Options
Futures
-
Funds
Margin
Investment Plans
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
Sharekhan

Sharekhan

Pros

  • Free account opening and trading account AMC
  • No withdrawal fee and no inactivity fee
  • TradeTiger desktop platform widely used by active traders
  • Broad product range covering equities, F&O, commodities, currency and mutual funds
  • Network of 4,200+ centres across 1,100+ cities for in-person support
  • Free research reports and stock recommendations
  • Demat AMC waived for the first year
  • Prepaid plans available to reduce brokerage for high-volume traders

Cons

  • Equity delivery brokerage of 0.30% is higher than flat-fee discount brokers
  • Demat AMC of Rs 400 per year applies from year two
  • No direct mutual funds - only regular plans available
  • DP charge of Rs 20 per scrip on every sell transaction adds up for active sellers
  • Account closure fee of Rs 150 and reactivation fee of Rs 100 are unusual among brokers
  • TradeTiger platform complexity may be challenging for new investors
  • No fractional shares or international stocks offered
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Your capital is at risk. Other fees apply.

Sharekhan

Sharekhan

Sharekhan is an India-based full-service broker offering equities, derivatives, commodities and mutual funds through its TradeTiger platform and mobile app.

Your capital is at risk. Other fees apply.

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