Sharekhan Broker Review 2025

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 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:

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:

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.

Click 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

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:

• 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.

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:

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.