Compare HYCM vs Sharekhan


Online brokers compared for fees, trading platforms, safety and more. See how HYCM stacks up against Sharekhan!

HYCM vs Sharekhan
overall rating
4.3
4.4
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • Low Trading Fees
  • Great mobile trading platform
  • Reliable customer service
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • Access to only Indian markets
  • Only bank transfer
fees
3.9
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
3.6
  • Low non-trading fees
  • Low stock and ETF fees
  • No withdrawal fee
  • High forex fees
  • Account fee of INR 400 after second year
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Only Indian resident and non-resident Indian can open an account
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
2.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Limited order types
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
3.3
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Good search function
  • No clear fee report available
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Forex
  • CFD
  • Crypto
2.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Options
  • Futures
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
4.3
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Poor quality news
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
4.4
  • Live chat
  • Available in local languages
  • Relevant telephone support in local language and pretty fast
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
3.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • No investor protection outside the EU&UK
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company listed on stock exchange
  • No negative balance protection
recommended for Forex and CFD traders who prefer the MetaTrader platform Traders and investors focusing on the Indian market
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