Sharekhan Guide – Read our In-Depth Sharekhan Review
Sharekhan Rating: 6.03 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Sharekhan review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Sharekhan review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get adept at all the concepts of broker as you keep trading. For starters, you have to choose the right agent who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will create hefty returns. Sharekhan is just one such platform which will take you along with your investment to great heights. It's crucial to know about Sharekhan until you trust them with your money.
Sharekhan Review – Quick Summary
Sharekhan Telephone Number:
Sharekhan Email Address:
Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Number Of Clients:
1,500,000+ Sharekhan users and traders
Sharekhan Facebook Likes:
Sharekhan Twitter Followers:
Sharekhan Instagram Followers:
Your capital is at risk
|Sharekhan Telephone Number:|
|Sharekhan Email Address:|
|Regulated By:||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange|
|Number Of Clients:||1,500,000+ Sharekhan users and traders|
|Sharekhan Facebook Likes:||0|
|Sharekhan Twitter Followers:||0|
|Sharekhan Instagram Followers:||0|
Your capital is at risk
Our full Sharekhan Review covers everything you need to know about trading using Sharekhan. A good agent can multiply your first investments and provide you favourable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you choose them. It is a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
Sharekhan is a broker that has paved its way successfully into the brokerage world. In this review, we've attempted to collate some of the vital aspects of Sharekhan. This review can allow you to know whether Sharekhan is a good fit for your own investments or not. We have tried to breakdown all the features and fees for your advantage.
Sharekhan Review, Table Of Contents
- Who are Sharekhan?
- Benefits Of Trading With Sharekhan
- Everything you should know about trading with Sharekhan
- Is Sharekhan Safe To Trade With?
- Sharekhan Risk Disclaimer
- Pro's & Con's Of Trading With Sharekhan
- Compare Brokers Similar To Sharekhan
- Regulation And Licencing In More Detail
- Sharekhan Awards
- Minimum Deposit Required For A Live Account With Sharekhan
- Sharekhan Commission And Fees Explained
- Compare broker fees against Sharekhan
- Sharekhan Withdrawal Fees Explained
- Sharekhan Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Sharekhan?
- Alternatives To Sharekhan
- Frequently Asked Questions About Sharekhan
Who are Sharekhan?
Sharekhan is a foreign exchange broker headquartered in India and provides a variety of instruments for online trading. Since its inception in 2000, Sharekhan has emerged as a top player in the field of online brokerage. Sharekhan has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.
Over the past 21 years, Sharekhan has grown into one of the leading online brokers.
After launching in 2000, their client base has become as large as 1,500,000+ clients.
Sharekhan is a favourite of many traders.. Our Sharekhan review found that they're an superb alternative for automated trading options. It's most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the heart at Sharekhan.
Technology plays a substantial role at Sharekhan. Sharekhan offers trading on Web Trader, Tablet & Mobile apps. Sharekhan is honest, transparent, and also a well-regulated broker by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational section at Sharekhan is quite insightful for new dealers since it allows them to have a closer look at the financial markets. Sharekhan caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that Sharekhan is not right for you then at the bottom of this Sharekhan review you wil find a lot of alternatives to Sharekhan.
Everything you should know about trading with Sharekhan
Sharekhan is a dynamic platform that offers various techniques of trading online. These tools cover the financial markets substantially. The Majority of the broker platforms provide fewer procedures than Sharekhan
If you would like to trade with Sharekhan, you'll require a minimum deposit of $0. This deposit is required if you wish to begin trading with Sharekhan. This 2021 Sharekhan review will direct you easily about trading with them.
Sharekhan is as versatile as another broker platform. Sharekhan is great for traders that want a manageable variety of cheap services. The platforms offered by Sharekhan are third-party, white-label offerings. All traders can choose from Web Trader, Tablet & Mobile apps.
Along with everything, Sharekhan has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept available. The brokers offer premium customer service that rewards clients with benefits.
Many less reputable brokers attempt to pressurise users into bigger financing for superior services. Sharekhan, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
Sharekhan accounts are available all over the world and provides excellent service wherever they have clients. There are some select few countries where Sharekhan accounts are not available. Traders in the following countries cannot open or use a Sharekhan account:
BR, KR, IR, IQ, SY, JP, US
Is Sharekhan Safe To Trade With?
Established in 2000, Sharekhan has been open for 21 years, they are headquarted in India.
Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. These figures have rules that ensure that trading platforms have ploicies in place to maintain investor's assets procured. This usually means that Sharekhan users do not need to be worried about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with Sharekhan for heightened security. An SMS for the confirmation code will be sent to your mobile phone. You'll be required to input this code to log into your account.
Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is much more widespread in the case of Market Maker brokers who compete with customers on the stage.
Sharekhan Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Sharekhan
Every online trading platform will have some pros and cons Sharekhan review would be complete without having a balanced approach. This Sharekhan review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Sharekhan is trusted by 1,500,000+ clients
- Sharekhan has low minimum deposit requirements
- Sharekhan doesn't charge inactivity fees
- Sharekhan doesn't charge deposit fees
- Sharekhan offers social trading
- Sharekhan offers trailing stop
- Sharekhan offer trading on Web Trader, Tablet & Mobile apps
- Sharekhan offer 5000 trading instruments
- Sharekhan offers trading on cryptocurrencies
- Sharekhan can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
- Sharekhan does not offer Negative Balance Protection
- Sharekhan does not offer Guaranteed Stop Loss
- Sharekhan charge withdrawal fees
- Sharekhan doesn't trade major forex pairs
- Sharekhan doesn't trade minor forex pairs
- Sharekhan doesn't trade exotic forex pairs
- Sharekhan charge CFD fees
- Sharekhan doesn't offer copy trading
Sharekhan Review - Compare Brokers Similar To Sharekhan
|Rating||6.03 / 10||4.48 / 10||4.55 / 10||6.18 / 10|
|Regulated By||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits|
Sharekhan Review - Regulation And Licencing In More Detail
Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Sharekhan, as a company, has a powerful collection of rules for ensuring honest trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Sharekhan Review - AwardsAt the time of writing this Sharekhan review, and despite Sharekhan’s impressive offering, the company has surprisingly not garnered any other awards to date.
Sharekhan Trading Platforms
Sharekhan are a reputable broker that has been operating for over 21 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any reputable online broker and compare Sharekhan with IronFX, selftrade, and FXCM
Sharekhan Review - Minimum Deposit Required
The minimum deposit you need to begin on Sharekhan is $0. This is a decent amount for people just starting out. It's possible to create more complex deposits as you cooperate. However, ensure that you know how to make the most of your money before investing in larger amounts.
Sharekhan Review - Commission And Fees Explained
Sharekhan is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of penalties for this objective.
The first kind of fees to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are billed for services like depositing money, not investing for lengthy periods, or withdrawals.
Generally, Sharekhan does not charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, for example weekly or daily trading.
But, non-trading fees billed by Sharekhan are relatively higher. As a result, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Sharekhan review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against Sharekhan
Sharekhan Review - Withdrawal Fees Explained
Sharekhan charges a withdrawal fee if you make a bank transfer. Each time you move money into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any time from your Sharekhan account. You can draw sums up to the sum of your account balance, keeping aside the margin utilized. One thing to remember is that you don't always need to have any money in your accounts.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. Sharekhan will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to withdraw in.
Sharekhan Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with Sharekhan. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account does not have a buying or selling trade, it is claimed by the agent as an inactivity charge. The traders need to pay this commission under terms and conditions that they had agreed while enrolling.
Sharekhan doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been implied by Sharekhan, it's better that you close the account if you are inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to a lot of conditions and needs to be disclosed clearly by the broker beforehand.
Sharekhan Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.
Sharekhan doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Sharekhan trading platform is simple. You simply have to finish a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit substantial amounts.
Sharekhan Review - Compare Broker Deposit Methods
What Can You Trade With Sharekhan?
Note: Sharekhan provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may be different depending on the country of residence of the client.
Sharekhan has a wide variety of over 5000 instruments available for you to trade with.
If trading currency pairs is of interest to you then Sharekhan offer over 0 currency pairs.
Compare Sharekhan, IronFX, selftrade & FXCM below.
Reviewing The Sharekhan Mobile App
Note: Sharekhan's mobile app has many functions and is being constantly developed. What follows was accurate at the time of compiling this Sharekhan review.
Understand the capabilities of the mobile apps of Sharekhan, IronFX, selftrade & FXCM below.
Alternatives To Sharekhan
If, after studying this Sharekhan review, they do not fulfill your needs check out these Sharekhan alternatives.
We've scoured the web to find the best alternatives to Sharekhan. Click the links below to learn more.
Frequently Asked Questions about Sharekhan
Can I try Sharekhan before I buy?
Yes, you can most definitely try Sharekhan before you buy. Sharekhan provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account on Sharekhan, you will set out with a decent amount of virtual money. It's to establish a sense of safety and confidence in you before you choose to invest your own money.
With this virtual Sharekhandemo account, you are able to experiment at all, to whatever period you desire. You can also open positions, examine different trading approaches, and much more.
Sharekhan specifies on its official website which you can trade real time stocks in a demo account.
Is Sharekhan safe?
It is possible to drop all your worries since we believe that Sharekhan is completely safe to use. It's in compliance with the rules of Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Nevertheless, Sharekhan doesn't provide assured stop-loss protection.
Why does Sharekhan ask for my passport?
The reason that Sharekhan asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Sharekhan has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Sharekhan must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Sharekhan?
The process to start trading withSharekhan is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Sharekhan website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Sharekhan is $0. You should have a good hold over the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Sharekhan.
The best way to kickstart your trading career with Sharekhan is to open a demo account facility before risking any real money
What funding methods do Sharekhan accept?
There are a number of ways to fund your account with Sharekhan. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The currencies Sharekhan
Is my money safe with Sharekhan?
Yes, your money is safe and secure with Sharekhan. As you already know, Sharekhan operates with good conformation to. It's established lots of measures to guard all of its own investors.
Sharekhan protects its clients' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, it is possible to empower Two-Step Verification as well. It takes an SMS affirmation that you access your account.
Is Sharekhan trading good?
Yes, trading through Sharekhan is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you can even obtain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does Sharekhan support?
Sharekhan operates around the globe. However, due to regulations there are some countries that Sharekhan does not accept clients from BR, KR, IR, IQ, SY, JP, US
Is Sharekhan legit?
Sharekhan is a legit company headquarted in India since 2000. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Sharekhan is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Sharekhan a good broker?
Sharekhan is a great agent, and its own users can vouch for this. The highlight of this platform is its quick order execution on trades.
You'll find the clean design of this platform along with the admirable features a pleasure to work with.
Is Sharekhan a trustworthy broker?
Yes, Sharekhan is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,500,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Sharekhan?
The minimum deposit to open a live account with Sharekhan is $0
How long do Sharekhan withdrawals take?
Normally, withdrawal of money from Sharekhan is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Sharekhan to show in your bank account.
Are Sharekhan regulated?
Sharekhan are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Is Sharekhan a market leading broker?
Sharekhan is currently among the industry leaders. It has over 1,500,000+ registered users and over 21 years of expertise on its record. They are among the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad selection of resources plus tools so that you may put money into capital markets.
Is Sharekhan a con?
No, Sharekhan is not a con. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange and must adhere to their rules. Thus, it is safe to say that Sharekhan is not a scam.
Can you make money with Sharekhan?
Through Sharekhan, many traders make a great deal of cash. However, on average, through continual trading, you can make between 2% - 10% profit a month.
This can look to be a little number, but within the year, this adds to a significant amount of gains. Even though Sharekhan provide you all of the tools to earn money, they cannot guarantee you will gain.
Does Sharekhan have fees?
Yes. To start trading with Sharekhan, you need to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank will have to be incurred by you.
When was Sharekhan founded?
Sharekhan was founded in 2000 in India. Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
How many people use Sharekhan?
Sharekhan is a worldwide recognised broker with 1,500,000+ customers.
Where is the Sharekhan head office?
Sharekhan has its head office in India
Does Sharekhan offer negative balance protection?
No. Sharekhan doesn't offer negative balance protection. If your balance is unfavorable, Sharekhan suggests that you contact client services. With this, you are able to fix any imbalances in your account.
Does Sharekhan offer guaranteed stop loss?Sharekhan regrettably, doesn't provide guaranteed stop loss. Sharekhan gives a chance to its dealers to close their trades at their specified price. Aside from that, Sharekhan does not provide guaranteed stop loss.
Does Sharekhan allow scalping?Yes, Sharekhan do allow scalping. Many traders across the world choose Sharekhan due to their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which let this.
Does Sharekhan allow hedging?
Yes, Sharekhan does allow hedging.
Can you trade energies with Sharekhan?
No, unfortunately you cannot trade energy stock with Sharekhan
Can you trade agricultural shares with Sharekhan?
No, unfortunately you cannot trade agricultural stock with Sharekhan
Can you trade cryptocurrency with Sharekhan?
Yes, you can trade cryptocurrency with Sharekhan
Can you trade metals with Sharekhan?
No, unfortunately you cannot trade metals with Sharekhan
Can you trade UK Shares with Sharekhan?
No, unfortunately you cannot trade UK shares with Sharekhan
Can you trade US Shares with Sharekhan?
Yes, you can trade US shares with Sharekhan
Can you trade Japanese Shares with Sharekhan?
No, unfortunately you cannot trade Japanese shares with Sharekhan
Can you trade German Shares with Sharekhan?
No, unfortunately you cannot trade German shares with Sharekhan
Does Sharekhan accept bank transfers?
Yes, Sharekhan accepts bank transfers for depositing money.
Does Sharekhan accept credit cards?
No, Sharekhan does not accept credit cards.
Does Sharekhan accept PayPal?
No, Sharekhan does not accept PayPal.
Does Sharekhan accept Skrill?
No, Sharekhan does not accept Skrill.
Does Sharekhan accept Payoneer?
No, Sharekhan does not accept Payoneer.
Does Sharekhan accept Neteller?
No, Sharekhan does not accept Neteller.
Does Sharekhan offer Live Chat customer support?
Yes, Sharekhan offers customer support through live chat.
Does Sharekhan offer phone customer support?
Yes, Sharekhan offers customer support over the telephone.
Does Sharekhan offer email customer support?
Yes, Sharekhan offers customer support through email.
What languages can Sharekhan communicate in?
Sharekhan has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Does Sharekhan have a wikipedia page?
No, Sharekhan does not have an official wikipedia page.
Does Sharekhan offer demo accounts?
Yes, Sharekhan offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of Sharekhan's features before signing up for a live account.