First Demat vs Sharekhan – Compare Charges, Trading Features, Offers & More

Overview — First Demat vs. Sharekhan

First Demat is listed as a Private Discount Broker established in 2026 with headquarters in Ranchi, Jharkhand and founded by Sandhya Kumari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Single flat plan on site; file says 'multiple brokerage packs' brokerage structure.

Sharekhan is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Mukesh meena Dayalpura. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Freedom Pricing.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — First Demat vs. Sharekhan

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for First Demat and Sharekhan.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. First Demat charges 0.1% or ₹20 per executed order, whichever is lower while Sharekhan charges 0.30% of Transaction Value or 1 paisa per share (whichever is higher).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. First Demat charges 0.1% or ₹20 per executed order, whichever is lower while Sharekhan charges 0.02% of Transaction Value or 1 paisa per share (whichever is higher).

Equity futures: This charge applies to futures contracts on stocks and indices. First Demat charges Flat ₹20 per executed order while Sharekhan charges 0.03% of Transaction Value.

Equity options: This charge applies to equity option contracts. First Demat charges Flat ₹20 per executed order while Sharekhan charges Rs.30 per Lot.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. First Demat charges Starting ₹20 per order (not on pricing page) while Sharekhan charges 0.03% of Transaction Value.

Commodity options: This charge applies to option contracts on commodity instruments. First Demat charges Starting ₹20 per order (not on pricing page) while Sharekhan charges Rs.75 per Lot.

Currency futures: This charge allows participation in forex price movements on the exchange. First Demat charges Not offered while Sharekhan charges 0.03% of Transaction Value.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. First Demat charges Not offered while Sharekhan charges Rs.20 per Lot.

Trading platforms comparison — First Demat vs. Sharekhan

First Demat provides mobile app access, web trading and algo trading support for order placement, portfolio tracking, and market monitoring. Sharekhan provides mobile app access, web trading and desktop terminal access for its users.

• Android app: First Demat and Sharekhan both list an Android trading app.

• iOS app: First Demat and Sharekhan both list an iOS trading app.

• Web trading platform: First Demat and Sharekhan both list a web trading platform.

• Desktop trading terminal: Sharekhan lists a desktop trading terminal, while First Demat does not currently mention it.

• Algo trading: First Demat lists algo trading support, while Sharekhan does not currently mention it.

• Basket trading: First Demat and Sharekhan both list basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: First Demat and Sharekhan both list a mutual fund investment platform.

• Digital gold platform: First Demat lists digital gold investing, while Sharekhan does not currently mention it.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

First Demat vs. Sharekhan — Comparison of trading features

First Demat highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while Sharekhan promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both First Demat and Sharekhan offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both First Demat and Sharekhan offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both First Demat and Sharekhan offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both First Demat and Sharekhan offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both First Demat and Sharekhan offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both First Demat and Sharekhan offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Sharekhan offers this; First Demat does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both First Demat and Sharekhan offer this feature.

• Live market: Live updates on market movements and trends. Both First Demat and Sharekhan offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Sharekhan offers this; First Demat does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both First Demat and Sharekhan offer this feature.

First Demat vs. Sharekhan — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by First Demat and Sharekhan.

• Free account opening: First Demat and Sharekhan both list free account opening.

• Free AMC: First Demat and Sharekhan both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: First Demat lists flat brokerage pricing, while Sharekhan does not currently mention it.

• Flexible brokerage plans: Sharekhan lists flexible brokerage plans, while First Demat does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: First Demat lists free research reports, while Sharekhan does not currently mention it.

• Free trading calls: Sharekhan lists free trading calls, while First Demat does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Sharekhan offers Upto Rs.400 per Client for referrals; First Demat does not currently list a referral offer.

Offered products comparison — Sharekhan vs. First Demat

Product availability determines whether a broker can support your preferred markets. First Demat highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while Sharekhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, digital gold, currency futures and currency options.

• Demat services: First Demat and Sharekhan both list Demat services.

• Trading services: First Demat and Sharekhan both list trading services.

• Intraday services: First Demat and Sharekhan both list intraday trading services.

• F&O services: First Demat and Sharekhan both list F&O services.

• IPO services: First Demat and Sharekhan both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: First Demat and Sharekhan both list stock research.

• Stock recommendations: First Demat and Sharekhan both list stock recommendations.

• Trading education: Sharekhan lists trading education, while First Demat does not currently mention it.

• Share pledging: First Demat and Sharekhan both list share pledging.

• PMS or PCG: Neither broker currently highlights PMS or PCG support.

• NRI services: Sharekhan lists NRI services, while First Demat does not currently mention it.

Offered services comparison — First Demat vs. Sharekhan

First Demat provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Sharekhan offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — First Demat vs. Sharekhan

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from First Demat and Sharekhan.

Exposure comparison — First Demat vs. Sharekhan

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from First Demat and Sharekhan across different segments.

Comparison of programs — First Demat vs. Sharekhan

Sharekhan lists a sub-broker program, while First Demat does not currently mention it. Sharekhan lists a partner program, while First Demat does not currently mention it. Sharekhan lists a referral program, while First Demat does not currently mention it.

Customer support comparison — First Demat vs. Sharekhan

First Demat provides support through trading desk support, call support, email support and website support. Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. First Demat operates Only Ranchi head office listed branches. Sharekhan operates - branches.

Ratings — First Demat vs. Sharekhan

Both brokers have been evaluated across key parameters to help investors make an informed comparison. First Demat carries an overall rating of 5/5, while Sharekhan carries an overall rating of 9.06 / 10.

Complaints — First Demat vs. Sharekhan

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — First Demat vs. Sharekhan

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for First Demat and Sharekhan.

Pledge charges comparison — First Demat vs. Sharekhan

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — First Demat vs. Sharekhan

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — First Demat vs Sharekhan

First Demat lists account opening charges of Online ₹0; offline ₹500 and Demat AMC of ₹0 for first year; later years not disclosed. Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year).

First Demat vs Sharekhan — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — First Demat and Sharekhan

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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