Sharekhan Review 2020

Sharekhan Rated 3/5
learn more Learn more about IC Markets. Losses can exceed deposits
Sharekhan Screenshot

Sharekhan Guide

Sharekhan are an online broker founded in 2000 offering Equity trading, Commodities trading, and Mutal funds trading.

Sharekhan are a global broker and have a head office in India.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Sharekhan we break down the pros and cons. What Sharekhan are able to offer, what countries Sharekhan are available in. Who Sharekhan are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Sharekhan

Open Sharekhan's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Sharekhan

With this review we hope to help you see if Sharekhan is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Sharekhan that will help you get off to a good start in the world of online trading.

Sharekhan Review Table of Contents

Sharekhan what you should know

Sharekhan offer three ways to trade: Equity, Commodities, Mutal funds.

With Sharekhan you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Sharekhan platform.

Sharekhan are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Sharekhan safe?

When choosing a broker like Sharekhan the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2000, and in operation for 20 years Sharekhan have a head office in India.

Sharekhan is regulated. This means Sharekhan are supervised by and is checked for conduct by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Sharekhan, this will be honored. If Sharekhan violate any regulatory rules their regulated status could be stripped.

Any payments funded to Sharekhan accounts by traders are held in a segregated bank account.

For added security Sharekhan use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Sharekhan. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Sharekhan

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker sharekhan IC Markets eToro XTB
Year Established 2000 2007 2006 2002
Head Office India Australia Cyprus, UK Poland
Regulation Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Used By 1,500,000+ 60,000+ 12,000,000+ 250,000+
Negative balance protection Yes Yes No Yes
Guaranteed Stop Loss No No No No
Learn More Visit Sharekhan Visit IC Markets Visit eToro Visit XTB
Risk Warning Your capital is at risk Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sharekhan Pros and Cons

What we like about Sharekhan

  • Used by over 1,500,000 traders
  • Established in 2000
  • Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
  • Min. deposit from $0

What we don't like about Sharekhan

Sharekhan Financial Regulation and Supervision in more detail

We have checked and Sharekhan is regulated and supervised by reputable organisations. You are able to check every Sharekhan supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Sharekhan. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Sharekhan traders and provide a safe trading environment.

  • Securities and Exchange Board of India (SEBI)
  • Member of the Bombay Stock Exchange

Sharekhan is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Sharekhan you should be sure they're legitimate online agent.

Sharekhan Awards

Sharekhan have won numerious industry awards over the 20 years they have been operating as a financial broker. We list the most notible awards and mentions for Sharekhan below.

  • NSE Market Achievers Awards 2018
  • NSDL Star Performer Awards 2018
  • Second Top Performer in New Accounts Opened
  • Best Commodity Retail Broking House award 2019

Sharekhan General Fees

  • Sharekhan doesn't charge withdrawal fees
  • Sharekhan doesn't charge inactivity fees
  • Sharekhan doesn't charge deposit fees
Broker sharekhan IC Markets eToro XTB
Min Deposit 0 200 200 0
Withdrawal Fees No No Yes varies
Inactivity Fees No No Yes No
Deposit Fees No Varies No No
CFD Commission Fees No Yes No Yes

Sharekhan Commissions

  • Sharekhan doesn't charge commission on CFD instruments.

What can you trade with Sharekhan?

Be aware that Different entities under Sharekhan Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Sharekhan over 5000 instruments infact.

If you are looking at trading currency pairs Sharekhan offer over 0 currency pairs.

Compare Sharekhan with IC Markets and eToro below.

Your capital is at risk

Broker sharekhan IC Markets eToro XTB
Instruments Available 5000 232 100 1,500
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies Visit Sharekhan Visit IC Markets Visit eToro Visit XTB
Forex pairs offered 0 65 50 50
Major forex pairs No Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit Sharekhan Visit IC Markets Visit eToro Visit XTB
Commodities Offered 14 19 0 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit Sharekhan Visit IC Markets Visit eToro Visit XTB
Stocks Offered 5000 100 957 1696
UK Shares No No Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Sharekhan web platforms and other applications

Sharekhan offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

Sharekhan also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Sharekhan's platforms

Sharekhan Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Sharekhan Trading Accounts Offered :

  • STP account

Can I try Sharekhan before I buy?

Sharekhan offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Sharekhan withdrawal and funding methods.

Please note that the list of payment methods below depend on the Sharekhan Entity and the Clients Country of Residence.

Sharekhan offer the below funding payment methods. learn more about Sharekhan

  • Bank Transfer
Broker sharekhan IC Markets eToro XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Sharekhan?

When opening a trading account with Sharekhan, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Sharekhan trading platforms here.

Performing trades with Sharekhan

Sharekhan allow you to execute a minimum of trade of varies. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Sharekhan offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Limiting Your Risk When Trading with Sharekhan Negative Balance Protection

We should say something about negative balance protection with Sharekhan. When trading using leverage an adverse move could result in losing more than your trading account balance at Sharekhan. Your Sharekhan account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Education resources at Sharekhan

To trade effectively with Sharekhan, it's important to get a have a good understanding of the Sharekhan trading tools and the markets.

Sharekhan offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Sharekhan.

Take time to look around the Sharekhan platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Sharekhan

Sharekhan support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文

Sharekhan have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Sharekhan less customer support features compared to other brokers like live chat, phone and email support. 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 sent several emails to Sharekhan and answer times overall were excellent. The fastest response from Sharekhan was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Sharekhan, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Sharekhan.

Phone Support at Sharekhan

We called Sharekhan and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Sharekhan phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Sharekhan team by calling in varying languages. Sharekhan made an effort to make sure our queries were answered.

Overall the phone support from Sharekhan was okay.

See how Sharekhan Support Compares Against Other Brokers

Broker sharekhan IC Markets eToro XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Sharekhan Visit IC Markets Visit eToro Visit XTB
Risk Warning Your capital is at risk Losses can exceed deposits 75% of retail investor accounts lose money when trading CFDs with this provider. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Sharekhan

As Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Sharekhan Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Sharekhan's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Sharekhan you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.sharekhan.com/ on 12th August 2018.

Watch this Sharekhan Informational Video

Is Sharekhan A Good Broker?

We spent over 3 months examining Sharekhan in depth. Although we found some very useful aspects of the Sharekhan platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Sharekhan broker.

  • Sharekhan have a good track record of offering Equity, Commodities, Mutal funds.
  • Sharekhan has a history of over 20 years.
  • Sharekhan has a reasonable sized customer support of at least 10.
  • Sharekhan are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. This means Sharekhan fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Sharekhan have regulation from a Tier 1 reputable country.
  • Sharekhan has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Sharekhan have an international presence in multiple countries. This includes local Sharekhan seminars and training.
  • Sharekhan are able to hire people from various locations in the world who can better communicate in your local language.

Sharekhan Risk Disclaimer

Your capital is at risk

Sharekhan not quite right?

Check out these Sharekhan Alternatives

We have spent years researching the best alternatives to Sharekhan. Click the links below to learn more.

If you feel some of the above Sharekhan are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Sharekhan alternatives below.

Related Sharekhan Comparisons

If you would like to see how Sharekhan stands up against other brokers you can read some of our Sharekhan comparisons below. We compare side by side some of our top rated Sharekhan versus comparisons. Read some indepth Sharekhan VS pages below.

SHAREKHAN Frequently Asked Questions

Can I try Sharekhan before I buy?

Sharekhan do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Sharekhan accept?

Please note that the list of payment methods below depend on the Sharekhan Entity and the Clients Country of Residence.

Sharekhan offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Sharekhan safe?

Sharekhan are considered safe as they are regulated by and checked for conduct by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Any payments funded to Sharekhan accounts by traders are held in a segregated bank account. For added security Sharekhan use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Sharekhan trading good?

Sharekhan is considered good and reputable to trade with. SharekhanSharekhan is used by over Sharekhan active traders. Sharekhan offers Equity trading, Commodities trading, and Mutal funds trading. Minimum deposit with Sharekhan is 0.

Is Sharekhan trading Legit?

Sharekhan was founded in India in 2000. Sharekhan has been facilitating trade on the financial markets for over 20 years. Sharekhan offers clients Equity trading, Commodities trading, and Mutal funds trading. All funds deposited to Sharekhan are held in segregated tier 1 bank accounts for security. Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange so can be considered legit.

Is Sharekhan a good broker?

Sharekhan is overseen by the top tier financial regulators Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange so can be considered a good broker. Sharekhan allows Equity trading, Commodities trading, and Mutal funds trading.

Is Sharekhan trustworthy broker?

Sharekhan can be considered trustworthy. All money funded to Sharekhan is placed into a segregated tier 1 bank account. this means your money in not held by Sharekhan directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

What is the minimum deposit for Sharekhan?

The minimum deposit to trade with Sharekhan is 0.

How long do Sharekhan withdrawals take?

Withdrawing money from Sharekhan processing time varies but averages 2-5 days.

Is Sharekhan regulated?

Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

Is Sharekhan a market maker?

Sharekhan is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Sharekhan?

When opening a trading account with Sharekhan, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Sharekhan trading platforms here.

Is my money safe with Sharekhan?

Sharekhan is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. One of the most important criteria for traders when choosing a broker like Sharekhan is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Sharekhan, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Sharekhan a con?

Sharekhan is regulated and well established having been in business for over 20 years. Sharekhan is definitely not a con.

Can you make money with Sharekhan?

Although traders have had great success with Sharekhan. Trading on the financial markets with Sharekhan is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Sharekhan have fees?

Sharekhan doesn't charge withdrawal fees. Sharekhan doesn't charge inactivity fees. Sharekhan doesn't charge deposit fees.

When was Sharekhan founded?

Sharekhan was founded in 2000.

How many people use Sharekhan?

Sharekhan is used by over 1500000 registered traders.

What is Sharekhan Headquarters country?

Sharekhan has its head quarters office in India.

Does Sharekhan offer negative balance protection?

Sharekhan offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Sharekhan offer guaranteed stop loss?

Sharekhan does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Sharekhan allow scalping?

Sharekhan does not offer scalping.

Does Sharekhan allow hedging?

Sharekhan offers hedging.

Does Sharekhan offer CFD trading?

Sharekhan does not offer CFD trading.

Does Sharekhan offer STP?

Sharekhan offers STP trading.

How many people use Sharekhan?

Sharekhan is used by over 1500000 traders.

Is Sharekhan an ECN broker?

Sharekhan does not offer ECN trading.

Does Sharekhan offer a demo account?

Sharekhan does not offer demo account.

Does Sharekhan offer an Islamic account?

Sharekhan does not offer Islamic accounts.

What are the funding methods for Sharekhan?

Sharekhan accept the following funding methods : Bank Transfer.

Sharekhan review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Sharekhan brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Sharekhan review written by Mark Hansen of Comparebrokers.co