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Written by: Gyula L. Updated: Dec 2022
Expert verified
Recommended for
  • beginners 2.9/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
134 people chose this broker in the last 6 months
BrokerChooser Score
3.4/5

Sharekhan review summary

Sharekhan is one of the first brokers to offer online trading in India and is regulated by the SEBI. Sharekhan's mobile trading platform is user-friendly and well-equipped. The compay offers some solid research to assist your trading decisions, while its customer support team gives quick and useful answers. It is a good choice for beginner investors. On the other hand, Sharekhan gives you access only to Indian markets; and its stock and forex fees, while not excessive, are not very competitive on this market. Among other negatives, you can use only bank transfer for deposit and withdrawal. BrokerChooser gave Sharekhan a 3.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Sharekhan is a regulated broker, it is overseen by a top-tier financial regulator in India . and it offers negative balance protection We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Sharekhan if you live in United States. See the best alternative available in your country.

Sharekhan pros and cons

Pros Cons
Great mobile trading platform Average to high trading fees
Strong research Only Indian markets available
Reliable customer service Funding only via bank transfer

Sharekhan main highlights

🗺️ Country of regulation India
💰 Trading fees class High
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures
To read much more details about the broker's services and features, expand on the sections below.

Sharekhan review
Fees

0.9
Sharekhan charges no withdrawal fee or inactivity fee, but its stock and forex trading fees are not very competitive, and an account fee kicks in starting your second year.
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Sharekhan review
Account opening

4.2
Account opening is fully digital and there is no minimum account balance. On the negative side, only Indian residents and non-resident Indians can open an account.
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Sharekhan review
Deposit and withdrawal

2.5
Deposit and withdrawal at Sharekhan are free, but they're also somewhat limited, as there is only one base currency, and you can only use bank transfer.
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Sharekhan review
Web trading platform

4.0
Sharekhan's web trading platform is user-friendly and looks really simple yet sophisticated. However, it lacks customization options and a clear fee report.
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Sharekhan review
Mobile trading platform

5.0
Sharekhan's mobile trading platform has the same clean look and user-friendly handling, and offers most of the same functionalities as the web trading platform.
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Sharekhan review
Desktop trading platform

3.3
Sharekhan's desktop trading platform offers great customizability, many order types and convenient search, but it's not well-designed, and lacks two-step login or a fee report.
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Sharekhan review
Markets and products

2.0
At Sharekhan, you can trade almost all asset classes, except CFDs and cryptos. On the negative side, only Indian markets are available.
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Sharekhan review
Research

4.3
Sharekhan offers some great research, including trading recommendations, fundamental data and a useful interactive chart. However, its news flow could be improved.
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Sharekhan review
Customer service

4.8
Customer support at Sharekhan is very good, offering fast responses in many languages. However, there is no 24/7 availability.
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Sharekhan review
Education

3.5
Sharekhan offers many ways to help you improve your financial knowledge, including platform tutorials, webinars or educational videos. We missed a demo account, however.
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Sharekhan review
Safety

Sharekhan is regulated by the SEBI and is one of the oldest online stockbrokers in India. It is a subsidiary of BNP Paribas, which has a banking background and is publicly listed.
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Sharekhan review
Bottom line

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Sharekhan review
FAQ

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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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