Compare Sharekhan vs TMGM


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

Sharekhan vs TMGM
overall rating
4.2
4.3
overall pros
  • Great mobile trading platform
  • Strong research
  • Reliable customer service
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Average to high trading fees
  • Only Indian markets available
  • Funding only via bank transfer
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
2.9
  • Low non-trading fees
  • No withdrawal fee
  • High trading fees
  • Not transparent fee structure
  • Account fee after one year
4.5
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
account opening
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Only Indian residents and non-resident Indians can open an account
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit card not available
  • Only one account base currency
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
4.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Modern design
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
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
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
1.9
  • Forex
  • CFD
  • Crypto
research
4.3
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Poor quality news
1.5
  • Strategy Tester for automated trading
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.4
  • Live chat
  • Fast response time
  • Available in local languages
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
3.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company listed on stock exchange
  • No investor protection
  • No negative balance protection
  • Regulated by the top-tier ASIC
  • No negative balance protection
  • Not listed on stock exchange
  • No investor proection by regulators
recommended for Traders and investors focusing on the Indian market Forex traders who prefer the MetaTrader platform
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