Sharekhan Review 2025

Is Sharekhan regulated?

Yes, it is regulated by the Securities and Exchange Board of India.

Is Sharekhan safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

This is important for you because the investor protection amount and the regulator differ from entity to entity. This is not an issue in our case, though, as all Sharekhan customers are covered by Sharekhan BNP Paribas Financial Services Limited.

Because of Sharekhan's status as a broker regulated by the Securities and Exchange Board of India (SEBI), clients are not eligible for any investor protection.

Sharekhan does not provide negative balance protection.

Our brokerage experts put together a comprehensive guide on the safety profile of Sharekhan.

Background

Sharekhan is based in India and was founded in 2000. It is a subsidiary of BNP Paribas. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.
Parent company BNP Paribas has a banking background; as such, it has to adhere to tougher regulation than brokers.
Furthermore, BNP Paribas is listed on the Euronext Paris stock exchange. This is a big plus for safety as the company releases financial statements regularly and transparently.
Having a parent company with a banking background and stock exchange listing, being in operation for a long time, and being regulated by a top-tier financial authority are all great signs for Sharekhan's safety.

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Account base currencies

At Sharekhan, the only available base currency is INR.

If you have a personal bank account in a currency other than INR, then you will be charged a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Sharekhan charges no deposit fees.

However, you can use only bank transfer.

Here's all you need to know about minimum deposit requirements and depositing money at Sharekhan.

A bank transfer can take several business days. You can only deposit money from accounts that are in your name.

Sharekhan withdrawal fees and options

Sharekhan charges no withdrawal fees, but you can only use bank transfer, a common setup in this segment of the market.

Read our guide containing all key info on available withdrawal methods and related fees at Sharekhan.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from Sharekhan? We tested the bank transfer withdrawal and it took 1 business day.

How do you withdraw money from Sharekhan? Follow these steps:

• Log in to your account.
• Click 'Accounts'.
• Choose 'Equity to bank'.
• Specify your withdrawal request.

Can you open an account?

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Only Indian residents and non-resident Indians (NRI) can open an account.

Read our separate article on how to get your account started with Sharekhan.

What is the minimum deposit at Sharekhan?

The required Sharekhan minimum deposit is $0.

Account types

When opening an account at Sharekhan, the first step is to decide whether to open a Trading Account or an InstaMF Account. A Trading Account is for trading various assets from stocks to options, while InstaMF is for investing in mutual funds.
If you choose the Trading Account, you can pick one of the following four sub-account types.

1. First Step (for beginners)
2. Investor Classic (for investors)
3. Trade Tiger (for active traders)
4. Advisory (for high net worth individuals)

How to open your account

The account opening process is quite simple and efficient, and took two days in total. The process is as follows:

1. Enter your name, phone number and email address on an online registration form.
2. Next, you get a call or an email from a customer service agent, specifying the documents needed to open a trading account.
3. The final step is verification, where you have to upload the required documents.

You have to upload the following documents (all documents should be self-attested):

• A copy of your PAN card
• Proof of residence - a copy of your aadhaar card, ration card, passport, driver's license, or a bank statement from the past 2 months
• Savings account details - cheque leaf with name printed on it; or 2 copies of passbook first page and latest transaction entry; or latest bank statement
• A recent passport-sized photograph - 2 copies

If you want to trade futures or options, you need to go through another registration process, which also involves uploading any of the following documents:

• Acknowledged copy of Income Tax Return (ITR)
• Bank statements for the last 6 months
• Latest salary slip
• Copy of Form 16 for salaried individuals
• Net worth certificate, duly certified by a chartered accountant

Sharekhan's mobile trading platform comes in two versions:

• Sharekhan App is for Android and IOS users with access to a high-speed broadband network connection
• Sharekhan Mini is for users with 2G connections, and is a more basic and lite version

In this review, we tested the Sharekhan App on IOS.
The mobile trading platform has the same search, order and login functions as the web platform.

Sharekhan's mobile trading platform is available in English.

Look and feel

Although Sharekhan's web and mobile trading platforms are very similar to each other, we assign a higher weight to simplicity and ease-of-use in the case of mobile trading platforms. That's why the Sharekhan mobile trading platform received a higher score than the web trading platform.

Login and security

Sharekhan provides a safer, two-step login for its mobile platform.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop-loss
• Bracket
• Bracket and Trailing

There are also order time limits you can use:

• Good 'til day (GTD)
• Good 'til time (GTT)

Alerts and notifications

You can set alerts and notifications on the Sharekhan mobile platform.

Our analysts personally tested Sharekhan's mobile trading platform; read the Sharekhan mobile app review for a detailed verdict on its performance and features.

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Sharekhan has an in-house developed desktop trading platform, called TradeTiger.

The desktop trading platform is available in many languages.

Look and feel

On the Sharekhan desktop trading platform,you can easily find all the important features, but the platform is also highly customizable. However, we didn't like the design, as it felt outdated.

Login and security

Sharekhan provides only a one-step login. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

Search functions

The search functions are good.

If you start typing, an auto-suggestion list will appear with relevant equities or other assets.

Placing orders

The following order types are available on the desktop platform::

• Market
• Limit
• Stop-loss
• Bracket
• Bracket and Trailing

There are also order time limits you can use on the desktop platform:

• Good 'til day (GTD)
• Good 'til time (GTT)
• Immediate or Cancel (IOC)
• Fill or Kill (FOK)
• Day+EXT
• All or Nothing (AON)

Alerts and notifications

You can set alerts and notifications on the desktop trading platform.

You can set them the same way as alerts on the web trading platform.

Portfolio and fee reports

Sharekhan has unclear fee reports.

While the portfolio report itself is clear, there is no report detailing the fees you paid.

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At Sharekhan, you can trade many asset classes, but the product selection within each asset class is often not very competitive.

This selection is average compared to competing brokers.

Stocks and ETFs

Sharkehan gives access to two Indian stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It is the same selection as that offered by Zerodha, but lags behind other rivals such as Interactive Brokers, where you have access to many stock exchanges globally, including minor ones as well.

Forex

At Sharekhan, you can trade currencies only as futures. There are only a few currency pairs available: EURINR, USDINR, JPYINR, EURUSD, GBPUSD and USDJPY. While its closest global competitor Interactive Brokers has a much wider forex offer, it doesn't offer currency pairs that include INR.

This selection is average compared to competing brokers.

Funds

Sharekhan offers a decent selection of mutual fund providers.
Most of these are local fund providers, such as ICICI Prudential, but you will also find international fund providers like Goldman Sachs.

This selection is average compared to competing brokers.

Bonds

Sharekhan also offers bonds, but there is no clear information on how many or what type of bonds you can trade.

This selection is average compared to competing brokers.

Options

You can trade options on the NSE and MCX exchanges.

This selection is average compared to competing brokers.

Futures

You can trade futures on the same exchanges that are available for options trading.

This selection is average compared to competing brokers.

We recommend Sharekhan for traders and investors focusing on the indian market.

Below you can find links to all aspects of Sharekhan in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Sharekhan fees article.

What about the minimum deposit?

Our ultimate guide to the Sharekhan minimum deposit is updated regularly.

How to start your Sharekhan account?

Look no further than our evaluation of the Sharekhan account opening.

How's their trading app?

Here's our expert view after checking the Sharekhan trading app.

Is the quality of customer service satisfactory?

All you need to know about the Sharekhan customer service.

Legit or scam?

Is Sharekhan legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Sharekhan is really free.

Is this broker good for beginners?

We checked it in Is Sharekhan good for beginners.

Should you buy your silver bullets on Sharekhan?

Research for silver bugs in the Silver buy on Sharekhan guide

I want to trade options, are they available at Sharekhan?

We explored the topic in Can you trade options on Sharekhan?

What is the minimum account balance at Sharekhan?

Check out the current account balance requirements at Sharekhan in our What is the minimum account balance at Sharekhan article.

Looking for commission and fees data for Sharekhan?

We collected them in Sharekhan commission and fees.

How do you withdraw money from Sharekhan?

We tested it and collected the options and costs in How to withdraw money on Sharekhan.