Frec vs Sharekhan - BrokerCue
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Broker Comparison

Frec vs Sharekhan

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

Frec

Frec

Tax-conscious self-directed investors

Frec is a US direct indexing platform offering automated tax-loss harvesting, fractional stock ownership of iโ€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

Frec vs Sharekhan
Feature Frec Sharekhan
Minimum deposit - -
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 SEC, FINRA, SIPC SEBI
Best for Tax-conscious self-directed investors Indian investors seeking full-service support
Markets & account
Stocks
ETFs
-
Bonds
-
Options
-
Futures
-
Fractional Shares
-
Ready Made Portfolios
-
Money Market Funds
-
Margin
Funds
-

Pros & cons

Frec

Frec

Pros

  • Direct indexing annual fee as low as 0.09%
  • Minimum investment of $20,000 - lower than many competitors
  • Automated daily tax-loss harvesting
  • Fractional share ownership of individual index constituents
  • High-yield Treasury account for uninvested cash
  • Portfolio line of credit up to 70% of account value
  • Portfolio customization - exclude sectors or individual stocks
  • Transparent trade log showing each trade and its rationale

Cons

  • No human financial adviser support
  • High minimum investment ($20,000-$50,000) excludes smaller investors
  • International index strategies use ADR-based replication rather than direct ownership of foreign shares
  • Fractional shares cannot be transferred out in kind
  • Mutual fund trades cost $20 per transaction
  • Tax-loss harvesting benefits are minimal for investors in lower tax brackets
  • Early-stage company with limited track record
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
Frec

Frec

Frec is a US direct indexing platform offering automated tax-loss harvesting, fractional stock ownership of indices, a Treasury account, and a portfolio line of credit.

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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