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Sharekhan Broker Review 2025

Sharekhan Broker Review 2025
Company:Sharekhan
Founded:2000
Min Deposit:$1
Max Leverage:1
Headquarter:

India

US Accepted:
Extended Trading Hours Dial-N-Trade

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Sharekhan, a multi-asset broker and a BNP Paribas subsidiary, offers 10 account types in 2 categories [Demat, Trading.] The company is regulated by SEBI and charges ₹10 per round lot for Forex trading.
Contact
Sharekhan Limited, The Ruby, 18th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai 400 028, Maharashtra, India
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
A Long History Operating Since 2000
Research-backed Recommendations
Zero-cost Dial-N-Trade Service
Cons
Learning Curve For New Users On Advanced Platforms
Trading Platforms May Be Slower Than Some Alternatives
Limited Forex Pair Offerings Compared To Global Brokers
score of blog
5 From 5.0
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Rate this post
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Sharekhan is a Forex broker established in India with ₹40 per round lot for trading commodities. The fee for futures markets is 0.02% of the transaction value.

The broker provides its services via 2 trading platforms [Trade Tiger, Sharekhan App]. The support department is available 24/7.

Sharekhan
A comprehensive in-depth review of Sharekhan multi-asset broker

Sharekhan Company Information & Regulation Licenses

Sharekhan, founded in 2000 and a subsidiary of BNP Paribas, a French multinational universal bank, since November 2016, stands as a testament to the evolution of India's financial markets. The company operates by this motto: "Designed for the serious". Key points about Sharekhan:

  • Regulated by the Securities and Exchange Board of India (SEBI)
  • Registered with major exchanges such as NSE and BSE
  • Boasts over 3M customers
  • Present in 1100+ cities through more than 130 branches and 4,200+ business partners

With over 1.4 million clients and 400,000+ daily trades, the broker blends strong regulatory credibility with expansive market access.

The Forex broker maintains a national footprint across 500+ Indian cities, as well as an international presence in the UAE, catering to both resident and non-resident Indian investors.

Specifications and Features

In this section, we will provide a table containing some of the key specifics of Sharekhan as a broker to help you get a general perspective of it:

Broker

Sharekhan

Account Types

Regular Demat, Repatriable Demat, Non- repatriable Demat, Regular Demat, Repatriable Demat, Non- repatriable Demat, Equity Trading, Commodity Trading, Discount Broking, Full-Service Trading

Regulating Authorities

SEBI

Based Currencies

INR

Minimum Deposit

1 INR

Deposit Methods

Bank Transfer

Withdrawal Methods

Bank Transfer

Minimum Order

Not Specified

Maximum Leverage

1:1

Investment Options

Demat Account

Trading Platforms & Apps

TradeTiger, Sharekhan App

Markets

Forex, Futures, Stocks, Commodities, Options, Mutual Funds

Spread

Not Specified

Commission

Currency Options: ₹5 per side per lot

Commodity Options: ₹20 per lot for each side

Equity Delivery Brokerage: 0.3% on market rate or min. 100 INR per share

Equity Intraday Brokerage: 0.02% on market rate or min. 100 INR per share

Equity Options: 20 INR per side per lot

Currency, Commodity, and Equity Futures: 0.02% of transaction value

Annual Maintenance Charges: Zero only for the first year

Orders Execution

Not Specified

Margin Call/Stop Out

Not Specified

Trading Features

Extended Trading Hours

Affiliate Program

Yes

Bonus & Promotions

Bonus Shares

Islamic Account

No

PAMM Account

No

Customer Support Ways

Live Chat, Phone Call, Ticket, Email Address

Customer Support Hours

24//7

Sharekhan's long-standing history, coupled with its embrace of technology, positions it as a bridge between traditional brokerage services and modern online trading platforms.

Account Types

Sharekhan offers a diverse range of account types to cater to various investor needs. However, this diversity could confuse some traders; hence, we will try to keep it simple and understandable.

Demat Accounts

The word "Demat" comes from dematerialization, which is the conversion of paper-based shares and securities into an electronic form. In these accounts, you hold and store the asset in an electronic form:

  • Regular Demat: For resident Indians trading in equities
  • Repatriable Demat: For NRIs (Non-Resident Indians) trading globally with fund repatriation
  • Non-repatriable Demat: For NRIs trading without fund repatriation

Trading Accounts

Trading accounts are a kind of bridge between the demat account and the bank account of the investor:

  • Equity Trading: For stocks, futures, and options trading
  • Commodity Trading: For commodity market trading
  • Discount Broking: Low-cost option for experienced traders
  • Full-Service Trading: Comprehensive services for new or busy investors
  • Online Trading: Buying and selling shares online
  • Offline Trading: For the traditional way of buying and selling assets
  • 2-in-1 Trading: Combines the demat account and the corresponding trading account of the investor
  • 3-in-1 Trading: Integrates the demat account, the trading account, and the linked bank account

Sharekhan Advantages And Disadvantages

Knowing about the pros and cons of Forex brokers helps us make a better decision between them with a more balanced mindset:

Advantages

Disadvantages

A Long History Operating Since 2000

Learning Curve For New Users On Advanced Platforms

Research-backed Recommendations

Trading Platforms May Be Slower Than Some Alternatives

Zero-cost Dial-N-Trade Service

Limited Forex Pair Offerings Compared To Global Brokers

Account Opening & Verification Guide

Sharekhan offers a seamless account opening experience, fully online and compliant with SEBI and KYC norms.

Whether you're an equity investor or a derivatives trader, the registration is optimized for quick access to the Sharekhan TradeTiger platform and mutual fund investments.

#1 Go to the Official Sharekhan Website

From the homepage, click on "Login/Trade" to access account services.

Sharekhan Login/Trade buttonClick LOGIN/TRADE to enter the registration form on Sharekhan

#2 Start Your Application

Click on "Open an Account" and initiate the digital signup flow.

#3 Enter Personal Information

Fill out the registration form with the following details:

  • Full name
  • Mobile number
  • Email ID
  • Residency status
  • Country of residence

#4 Complete KYC Verification

As part of the identity verification process required under Indian regulatory standards, you must provide the following documents:

  • PAN card
  • Aadhaar
  • Proof of Address: Utility bill or Bank statement

Trading Platforms

Sharekhan offers two primary trading platforms for the Forex market, stocks, and other markets. We will have a quick look at each one here:

Sharekhan TradeTiger

The platform supports real-time heatmaps, IPO monitoring, advanced order types like bracket orders, and comprehensive portfolio views.

  • Desktop-based advanced trading platform
  • Features sophisticated trading tools and technical analysis
  • Offers real-time market data and research integration
  • Includes automated risk-reward calculation and intelligent order placement

Sharekhan App

For mobile users, the app ensures reliable performance, even on limited bandwidth, with real-time prices and smooth trade execution.

  • A mobile-friendly platform for on-the-go trading
  • Offers most features of TradeTiger in a mobile-optimized interface
  • Provides real-time market updates and portfolio tracking
Sharekhan App
Sharekhan App is one of the trading platforms for mobile devices

Both platforms are developed in-house, ensuring seamless integration with the brokerage's services and continuous improvements based on user feedback.

What is the Commission and Fee Structure?

Brokers earn money by charging their clients for various operations. Sharekhan provides a clear and informative table on its website regarding costs:

  • Currency Options: ₹5 per side per lot
  • Commodity Options: ₹20 per lot for each side
  • Equity Delivery Brokerage: 0.3% on market rate or min. 100 INR per share
  • Equity Intraday Brokerage: 0.02% on market rate or min. 100 INR per share
  • Equity Options: 20 INR per side per lot
  • Currency, Commodity, and Equity Futures: 0.02% of transaction value
  • Annual Maintenance Charges: Zero only for the first year (INR 400 further on)

Deposit & Withdrawal Methods

Based on our investigations and the reliable data at hand, the company does not support any modern and convenient methods for deposits and withdrawals.

In other words, there's only the "Bank Wire Transfer" option available for making payments with this brokerage. This can be considered a drawback in the opinion of many traders.

Copy Trading & Investment Options

While Sharekhan doesn't offer a dedicated copy trading feature, it provides various investment options through its Demat account. The broker's research team provides recommendations and investment ideas, which can be a valuable resource for investors looking to build their portfolios.

Sharekhan Broker Tradable Markets & Symbols

Sharekhan offers a broad range of investment products, including equities, ETFs, mutual funds, government and corporate bonds, futures market, options, and currency derivatives. Forex trading is available exclusively through futures contracts

Some brokers are mainly focused on Forex trading, while others prioritize other markets. Sharekhan belongs to the second group:

  • Forex: Major currency pairs (USD/INR, EUR/INR, GBP/INR, JPY/INR) and cross-currency pairs
  • Futures: Equity, commodity, and currency futures
  • Stocks: Equities listed on BSE and NSE
  • Options: Equity and currency options
  • Commodities: MCX-listed commodities
  • Mutual Funds: A wide range of mutual fund schemes

Crypto and CFDs are not supported. All trading is executed on India's primary exchanges, NSE and BSE, with over 130 ETFs and 50+ fund providers accessible to retail clients.

Available and Active Bonuses and Promotions

We examined the Sharekhan's website, and found out that there are no bonuses currently available similar to those offered by other Forex brokers. However, the company issues bonus shares to clients.

The bonus is one share for each security in the investor's portfolio. This measure is taken for increasing the company's overall part in the stock market.

Support Contact Channels And Working Schedule

Sharekhan offers multiple support channels that are more than enough for contacting the team:

  • Live Chat: Available only for registered traders
  • Phone: +91 022 2575 3200, +91 022 2575 3500, +91 022 6115 1111
  • Email: myaccount@sharekhan.com
  • Support Ticket: Can be raised via website or mobile app

The unavailability of a live chat option for people without an account is disappointing. Customer service in this brokerage is available 24/7.

Restricted Countries: Can I Trade on Sharekhan?

The company primarily serves the Indian market and NRI investors. While there isn't a publicly available list of restricted countries, these regions are most probably banned from the company's services:

Sharekhan restricted countries
Countries that are most probably restricted from Sharekhan's services
  • Islamic republic of Iran
  • North Korea
  • Iraq
  • Afghanistan
  • Sudan
  • Lebanon
  • Cuba
  • And other sanctioned countries

Trust Scores and Company Evaluation

Trust rating is one of the most important factors in deciding whether to rely on a broker. Typically, we visit websites such as Trustpilot for this evaluation. The Sharekhan Trustpilot profile has a lower-than-average rating, 2.7 out of 5 based on 5 comments.

Sharekhan Trustpilot
Sharekhan has achieved a low score on the Trustpilot website

However, the number of ratings is not enough to consider this score a reliable one.

Education Content and Resources

Sharekhan tries to provide a helpful suite of educational content on its website, and it does an acceptable job:

  • Sharekhan Classroom: Free educational materials, including videos, articles, and webinars for trading and investing
  • Blog: Articles on market, finance, trading, trading strategies, and related topics

The broker’s 3R research model — Right Sector, Right Stock, Right Price — underpins its investment recommendations and market insights.

Also, the website has calculators and tools for investment planning and portfolio tracking. These resources would be helpful for both novice and experienced investors.

You can also use TradingFinder's Forex education section to access comprehensive materials.

Sharekhan vs Other Brokers

Let's check Sharekhan's standing in comparison with other platforms:

Parameter

Sharekhan Broker

AMarkets BrokerFXTM BrokerFusion Markets Broker

Regulation

SEBI

FSA, FSC, MISA, FinaComFSCASIC, VFSC

Minimum Spread

N/AFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips

Commission

From 0.02%

From $0.0VariableFrom $0.0

Minimum Deposit

1 INR

$100$200$0

Maximum Leverage

1:1

1:30001:30001:500

Trading Platforms

TradeTiger, Sharekhan App

MetaTrade 4, MetaTrade 5, Mobile AppMT4, MT5, FXTM Trader AppMetaTrader 4, MetaTrader 5, TradingView, cTrader

Account Types

Regular Demat, Repatriable Demat, Non- repatriable Demat, Regular Demat, Repatriable Demat, Non- repatriable Demat, Equity Trading, Commodity Trading, Discount Broking, Full-Service Trading

Standard, ECN, Fixed, Crypto, DemoAdvantage, Stocks Advantage, Advantage PlusZero, Classic, Swap-Free

Islamic Account

NoYesYesYes

Number of Tradable Assets

N/A

550+1000+250+

Trade Execution

N/A

Instant, MarketMarket, InstantMarket, Instant

Conclusion and final words

Sharekhan is a financial brokerage that offers features like investment recommendations and a zero-cost Dial-N-Trade service. The broker processes payments via only 1 method [Bank Transfers.]

The minimum deposit for getting started with this brokerage is 1 INR. The company's score on the Trustpilot website is 2.7/5.

FAQs

Does Sharekhan offer forex trading?

Yes, the brokerage provides currency futures and options trading.

Is Sharekhan regulated?

Yes, this company is regulated by the Securities and Exchange Board of India (SEBI)

Can NRIs open an account with Sharekhan?

Yes, the brokerage offers specific account types for NRI investors.

Does Sharekhan provide research and analysis?

Yes, it has an in-house research team providing recommendations and market analysis.

What is the minimum deposit to start trading?

You can begin with as little as 1 INR, making Sharekhan highly accessible to all retail investors.

Which platforms are available?

Sharekhan provides TradeTiger (desktop) and the Sharekhan App (mobile) with real-time execution and heatmaps.

What markets can I trade?

You can access Forex, Stocks, Mutual Funds, Commodities, Futures, and Options across NSE and BSE.

Are there Islamic or swap-free accounts available?

No, Sharekhan does not support Islamic accounts or swap-free trading.

What types of accounts does Sharekhan offer?

Options include Demat, NRI (Repatriable/Non-Repatriable), Trading, Discount Broking, and Full-Service Trading accounts.

What trading costs should I expect?

Charges range from ₹5–₹100 per trade, plus 0.02% on futures and 0.3% on equity delivery.

What is the maximum leverage available?

Leverage is limited to 1:1, significantly lower than most global brokers.

How can I fund or withdraw from my Sharekhan account?

Only bank transfer is supported for deposits and withdrawals—no cards or e-wallets.

Is there a dedicated copy trading feature?

No. However, research-backed recommendations serve as a proxy for guided investing.

Does Sharekhan offer margin or intraday trading?

Yes, intraday trading is available with brokerage as low as 0.02% on executed trades.

Are there any account opening or maintenance charges?

Opening is free, but ₹400/year maintenance applies after the first year.

What investment products does Sharekhan offer?

Investors can access stocks, mutual funds, ETFs, government bonds, and more via Demat integration.

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