IC Markets
Sharekhan
Basic data of broker
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Recommended for Traders and investors focusing on the Indian market
Australia
India
Fees
Low trading and non-trading fees
Average trading fees, low non-trading fees, low stock and ETF fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
1
Deposit type
Withdrawal type
Account opening
$200
$0
1 day
1-3 days
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / tax statement from last 3 months
Proof of identity: ID / passport / driver's license/ Aadhaar card / PAN card Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Great
Customer service
Security
€20,000 protection for customers under CySEC, no protection for others
No protection
2007
2000
Cyprus, Australia, Seychelles
India
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
IC Markets's service is slightly better than Sharekhan's and a comparison of their fees shows that IC Markets's fees are much lower than Sharekhan's.
Account opening takes somewhat less effort at IC Markets compared to Sharekhan, deposit and withdrawal processes are much more seamless at IC Markets, while customer service quality is similar to Sharekhan's.
Our experts rated the trading platform of IC Markets as somewhat worse than the platform of Sharekhan, found that clients have access to about the same number of markets and products with IC Markets, while Sharekhan provides somewhat better research and education.