Sharekhan Review 2025

Sharekhan review
Sharekhan Awards

Sharekhan have won numerious industry awards over the 24 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Sharekhan below.

• Indias No 1 Retail Broker - Asiamoney - 2024
• Most Trusted Brands in India - Marksmen Daily - 2024-25
• Leading BFSI and FinTech Companies of India - Dun & Bradstreet - 2024

Sharekhan review
Sharekhan Fees Explained

• Sharekhan doesn't charge withdrawal fees.
• Sharekhan does not charge a fee for inactive accounts.
• Sharekhan doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Sharekhan are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Sharekhan Costs To Check

Modern brokers like Sharekhan provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Sharekhan may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Sharekhan trading profitability.

How Sharekhan Fees Compare Against Other Brokers

Sharekhan Minimum Deposit

Sharekhan does not require a minimum deposit when opening an Sharekhan trading account.

In the trading world, brokers like Sharekhan, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Sharekhan Withdrawal Fees

Sharekhan doesn't charge withdrawal fees.

Sharekhan Withdrawal rules may vary across different brokers when it comes to transferring funds from your Sharekhan or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Sharekhan may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Sharekhan withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Sharekhan. Researching and comparing Sharekhan withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Sharekhan funds frequently or dealing with large sums of money. Awareness of these Sharekhan fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Sharekhan funds.

For example, Sharekhan allows you to withdraw your funds to UPI, Bank Transfer, IMPS, NEFT, RTGS, Cheque, Debit Card, Credit Card, Axis Bank, Bank of India, Deutsche Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, Indusind Bank,Kotak Mahindra Bank, Oriental Bank of Commerce, State Bank of India, Union Bank of India, YES Bank.

Sharekhan Inactivity Fees

Sharekhan does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Sharekhan terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Sharekhan fees and services. It's recommended that you check the Sharekhan website before signing up. If you decide to close your Sharekhan account, it's important to do so with the Sharekhan broker customer support and obtain confirmation that no remaining Sharekhan fees are due.

Brokers like Sharekhan must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Sharekhan Deposit Fees

Sharekhan does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Sharekhan Commission Fees

Sharekhan does not charge commission on CFD instruments.

Brokerage firms like Sharekhan may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Sharekhan trading account level held by the trader.

Sharekhan may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Sharekhan terms and conditions to understand the commission fees and any other charges that may apply is essential.

Sharekhan review
Trading on Sharekhan web platforms and other applications

Sharekhan provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Sharekhan also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Sharekhan's platforms

Is the Sharekhan Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Sharekhan trading platform to protect you on PC and mobile Sharekhan platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Sharekhan web trading platforms.

Sharekhan Trading Platform Options

Sharekhan does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Sharekhan offers its custom trading platform developed and tested in-house. The Sharekhan trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Sharekhan platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Sharekhan, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Sharekhan platform, including news and quotes. Discover possible trades with the strong charting tools found with Sharekhan. Sharekhan is available as downloadable applications or online through the cloud. Monitor your orders with Sharekhan and receive breaking news in your positions.

Sharekhan Trading benefits

• Sharekhan Allows hedging
• Sharekhan Offers STP
• Sharekhan Low min deposit

Sharekhan Trading Accounts Offered

Below we give an overview of the account types that Sharekhan offer. Whatever you are looking to trade, the varying Sharekhan account types will be able to provide you with what you need.

• Sharekhan STP account

Can I try Sharekhan?

Sharekhan provides a demo account that enables individuals to explore trading before investing their funds. By creating a Sharekhan practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Sharekhan demo account can help individuals to make informed decisions before investing their money.

Open a demo Sharekhan account to practice and trade.

Your capital is at risk

Sharekhan withdrawal and funding methods

It's essential to remember that the payment methods provided by Sharekhan vary based on the Sharekhan entity and the Sharekhan client's country of residence. To view the Sharekhan payment options available, you can log into your Sharekhan member's area.

Sharekhan offers various funding payment methods listed in your Sharekhan dashboard if available in your region. To learn more about the Sharekhan funding and withdrawal options available in your area, you can explore the Sharekhan website.

Sharekhan provides several payment methods for funding your Sharekhan account. You may utilize any of these deposit options if they are available in your region. Sharekhan ensures that users have multiple payment methods to choose from, making it more convenient for verified Sharekhan account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Sharekhan user's location. learn more about Sharekhan funding and withdrawal methods.

Sharekhan Payment Methods

Some Sharekhan payment methods are local and are available only to specific regions. Sharekhan account holders should check which payment methods are provided in your region.

• Sharekhan accepts UPI
• Sharekhan accepts Bank Transfer
• Sharekhan accepts IMPS
• Sharekhan accepts NEFT
• Sharekhan accepts RTGS
• Sharekhan accepts Cheque
• Sharekhan accepts Debit Card
• Sharekhan accepts Credit Card
• Sharekhan accepts Axis Bank
• Sharekhan accepts Bank of India
• Sharekhan accepts Deutsche Bank
• Sharekhan accepts Federal Bank
• Sharekhan accepts HDFC Bank
• Sharekhan accepts ICICI Bank
• Sharekhan accepts IDBI Bank
• Sharekhan accepts Indusind Bank
• Sharekhan accepts Kotak Mahindra Bank
• Sharekhan accepts Oriental Bank of Commerce
• Sharekhan accepts State Bank of India
• Sharekhan accepts Union Bank of India
• Sharekhan accepts YES Bank

How can I start trading with Sharekhan?

To open a trading account with Sharekhan, individuals can sign up on the Sharekhan website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Sharekhan account validation and making a deposit. Once completed, Sharekhan users can download the trading platform of their choice.

It's important to note that Sharekhan requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Sharekhan maintain a trustworthy financial environment for its 665,000 users. Detailed information on the Sharekhan trading platforms is available on their website.

Your capital is at risk

Performing trades with Sharekhan

When using Sharekhan, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With STP execution on the Sharekhan platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, Sharekhan margin requirements can differ depending on the traded instrument.

Education Resources at Sharekhan

Sharekhan offer educational resources which include Market Watch, Live Chat, Reports. Please bear in mind that these resources provided by Sharekhan do not guarantee any results when trading. When we checked on the Sharekhan website, these educational resources were not available in every language. Also some financial instruments mentioned in any Sharekhan educational resources may not be available in your region.

To trade effectively with Sharekhan, it's important to have a good understanding of the Sharekhan trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Sharekhan and externally.

Sharekhan . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Sharekhan. Familiarizing yourself with the Sharekhan trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Sharekhan. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Sharekhan involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Sharekhan, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Sharekhan. Explore the Sharekhan platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Sharekhan, before live trading.

Customer Support at Sharekhan

As part of our Sharekhan review, we review customer service options, response times and problem resolution effectiveness on the Sharekhan trading platform. The Sharekhan trading platform supports multiple languages, which includes English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文.

Sharekhan Available Support Types

Based on our experience, we have given Sharekhan a D grade for customer support. We encountered some slow response times or Sharekhan queries that were left unanswered.

Compared to other brokers, Sharekhan offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Sharekhan

Sharekhan does not offer LiveChat Support.

Email Support at Sharekhan

We tested the email support of Sharekhan by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Sharekhan response.

The Sharekhan team did resolve and answer our queries, but the email support from Sharekhan was overall average compared to other brokers we have tested.

Phone Support at Sharekhan

We contacted Sharekhan via phone and received quick assistance within 10 minutes of our call.

The Sharekhan phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Sharekhan and found that they could assist us in various languages.

While we found the Sharekhan phone support satisfactory, there is room for improvement in response time.

See how Sharekhan Support Compares Against Other Brokers

What you will need to open an account with Sharekhan

As Sharekhan is regulated by IRDAI (Insurance Regulatory and Development Authority of India) (CA0950), NBFC - N-13.01810 (RBI), AMFI-registered Mutual Fund Distributor (ARN 20669), SEBI Regn. No.: BSE / NSE / MCX: INZ000171337.

As a new client of Sharekhan, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Sharekhan in your region. During the Sharekhan account opening process, you will be asked to provide Sharekhan with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Sharekhan have the following documents available.

• Sharekhan require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Sharekhan compliance. This must be dated within the last six months.
• If you plan to fund your Sharekhan account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Sharekhan platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Sharekhan Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Sharekhan's platform.

However, remember that you won't be able to make trades on Sharekhan until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Sharekhan KYC compliance process as soon as possible to avoid any delays in accessing the Sharekhan platform's features.

It is important to note that Sharekhan may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Sharekhan platform and features immediately. However, you must pass the verification process to start live trading with Sharekhan, which can take up to a few business days.

To start the process of opening an account with Sharekhan you can visit the Sharekhan trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.sharekhan.com/ on December 26, 2024.

Watch this Sharekhan Explainer Video

Sharekhan review written by Andrew Blumer and Mark Hansen