Sharekhan Review: Are They Legit & Safe, or a Scam?

When I explored Sharekhan’s platform for this review, I was pleasantly surprised by the range of incentives they offer to new customers. Unlike many brokers, Sharekhan seems to understand the importance of a warm welcome, which is evident in their promotional strategies. For starters, new traders can enjoy the benefit of a free account opening, which is a nice touch considering that some competitors charge for this service. This initial saving sets a positive tone for the trading enterprise ahead.

In my experience, one of the most significant barriers for newcomers is the fear of incurring high initial costs. Sharekhan addresses this by waiving the first year’s Demat account Annual Maintenance Charge (AMC). This offer provides a sense of monetary relief, allowing new traders to focus on learning the ropes without worrying about additional fees.

Moreover, Sharekhan extends a hand to new traders with its demo account feature through the TradeTiger platform. This is a golden opportunity for novices to practice trading in a risk-free environment, honing their skills before diving into live markets. The feature, which was also written about in eToro Review, has been acclaimed for its ability to allow users to gain confidence before transitioning to real trading scenarios.

For those concerned about legitimacy, rest assured, as my Sharekhan review process confirmed that it is a regulated broker, which should alleviate any worries about there being any kind of Sharekhan scam. This peace of mind is crucial, especially when you’re just starting out in trading.

Lastly, new customers can access Sharekhan’s research resources at no extra cost. This provision of quality market insights and analysis is a valuable tool for making informed trading decisions. It’s a testament to Sharekhan’s commitment to trader education, which is often highlighted in the Sharekhan rating and test feedback from various users.

To take advantage of these offers, new traders simply need to sign up on the Sharekhan website and follow the account opening process.

During my exploration of Sharekhan’s trading platform, I immediately noticed the sleek and modern user interface that greeted me. The ease of navigation stood out, with clearly labeled tabs and an intuitive layout that made it simple to find the various trading tools and resources. As a reviewer who has seen a multitude of trading platforms, I found Sharekhan’s design to be on par with some of the best, such as those featured in IC Markets review.

For new traders, the challenge of entering the trading world is often daunting, but Sharekhan mitigates this with an array of educational resources seamlessly integrated into the platform. From detailed tutorials to live webinars, the learning curve is significantly flattened, making it a welcoming environment for beginners.

The TradeTiger platform, Sharekhan’s in-house trading system, is a robust tool that combines advanced functionality with simplicity. Whether it’s setting up a demo account to practice strategies or executing complex trades, the platform adapts to the user’s expertise level. This flexibility is a key feature that makes Sharekhan a good choice for traders of all experience levels.

Overall, my Sharekhan review confirms that it is a safe and legit platform that prioritizes user experience. The question isn’t “Is Sharekhan good or bad?” but rather “How well does it meet individual trading needs?”—to which I can confidently say, it meets them very well.

When I first downloaded the Sharekhan mobile app, I was eager to see if it lived up to the seamless experience promised by their desktop platform. I found that the Sharekhan app is a robust extension of their trading services, optimized for the trader on the move. The app is available for both Android and iOS devices, which is a testament to Sharekhan’s commitment to accessibility.

The intelligent scrip search made it effortless to find specific stocks or commodities, and the advanced charting tools were a boon for technical analysis. I particularly appreciated the customizable venture feature, which allowed me to tailor the app to my trading preferences and strategies.

However, what sets the Sharekhan app apart is the pre-defined market watch. This feature gives you a quick overview of market trends without the need to navigate through multiple menus. It’s a thoughtful addition that saves time and simplifies the trading process, which I found beneficial during volatile market conditions.

Despite its many strengths, no mobile app is without limitations. I noticed that while the app is quite powerful, it may have a steeper learning curve for absolute beginners. But given Sharekhan’s strong focus on education, new traders can quickly overcome this with a bit of practice.

In the context of mobile trading, where high standards have been set by several platforms as reported in the Zerodha review, my Sharekhan review finds this app competitive. My overall Sharekhan rating and test of the mobile app experience is decidedly positive, reinforcing the notion that Sharekhan is good for both new and experienced traders.

Trading Platform – Mobile Trading Made Simple

Sharekhan offers a variety of platforms, including the highly touted TradeTiger, the Sharekhan App, and the InvesTiger App. Each of these platforms meets the needs of different traders, but what they all share is a commitment to providing a seamless trading experience.

The TradeTiger platform is particularly impressive. The advanced charting tools and a wide array of technical indicators available on TradeTiger allowed me to analyze the markets effectively. The platform also supports algorithmic trading, which is a boon for traders looking to implement complex strategies.

On the mobile front, the Sharekhan App is a standout. In today’s market, where trading opportunities can come and go in the blink of an eye, having a reliable mobile platform is crucial. I experienced this first-hand with the Sharekhan App; its smart search and easy customization made trading on my smartphone as efficient as on the desktop. This is a feature that I’ve seen highlighted in various Sharekhan rating and test feedback, and it’s clear why it’s received such praise.

While the platforms are rich in features, I noticed that they don’t offer MetaTrader integration, which might be a limitation for traders accustomed to MT4 or MT5. However, the proprietary platforms are so well-designed that this absence is hardly felt.

During my Sharekhan review, I took a closer look at how the trading platform integrates with bank accounts, as this is a crucial aspect for traders who need to manage their finances efficiently. I found that linking a bank account with Sharekhan is a streamlined process. The platform supports major bank accounts, which is beneficial for traders who might already have their finances spread across different institutions.

The process of integrating a bank account with Sharekhan’s trading platform involves a few simple steps. Once you have logged into your Sharekhan account, you’re guided through a secure procedure to link your bank account. I noticed that the security measures in place, such as encryption and two-factor authentication, provide a sense of confidence that my financial details are well-protected.

One feature that stood out to me was the real-time transfer capability. This means that funds can be transferred almost instantaneously between the trading account and the linked bank account, which is extremely useful during time-sensitive trading decisions. However, it’s important to note that while transfer times are typically quick, they can vary depending on the bank’s processing times.

The seamless bank account integration aids the trading experience by allowing for quick deposits and withdrawals, ensuring that traders can capitalize on market opportunities as they arise. I also appreciated the absence of deposit fees, which is a definite plus. The only limitation I encountered was the lack of support for PayPal, which might be a drawback for traders who prefer that method.

The Sharekhan Web Platform also caught my attention with its smart search feature and investment cart, which streamline the process of finding and tracking investment opportunities. I noticed that the web platform has evolved over the years, reflecting Sharekhan’s dedication to continuous improvement and staying abreast of technological advancements.

In terms of support, I experienced prompt and helpful customer service, which is an essential aspect of any trading platform. This level of support, coupled with the educational resources provided, ensures that traders have the backup they need to succeed.

Is Sharekhan safe and legit? Absolutely. My Sharekhan rating and test of their platforms reinforce that they are not only secure but also focused on delivering a superior trading experience.

In my exploration of Sharekhan’s regulatory framework, I encountered a dependable structure that allows its users to trust it easily. Sharekhan is regulated by the Securities and Exchange Board of India (SEBI), which is a testament to its commitment to adhering to strict regulatory standards. This oversight ensures that Sharekhan operates with transparency and integrity, which is crucial for trader trust.

In my review, I discovered that Sharekhan is also registered with major Indian exchanges such as the BSE, NSE, MSEI, and MCX. This multi-tiered regulation is significant as it subjects the broker to a variety of compliance checks. While conducting my Sharekhan rating and test, I noticed that the platform does not offer explicit deposit insurance, which is a common practice in India. However, the robust regulatory framework in place functions as a safety net, protecting traders in various other ways.

The absence of deposit insurance might raise questions for some traders, but the regulatory environment in which Sharekhan operates helps to mitigate these concerns. The platform’s adherence to the stringent rules laid down by SEBI ensures that trader funds are handled responsibly and that the broker maintains high standards of financial and ethical conduct.

In the process of examining this platform, I  encountered advanced charting tools which I found incredibly useful for conducting detailed technical analysis. The depth and customization available here are impressive, providing a level of insight that can satisfy even the most demanding traders.

Social trading options are another innovative aspect of Sharekhan’s offering. This allows traders to follow and copy the trades of seasoned investors, which I found to be a fantastic learning tool for beginners. It’s a feature that’s been praised in Kraken reviews, and it’s great to see Sharekhan embrace this trend.

I also noticed that Sharekhan offers a ‘Dial-N-Trade’ service, which is a unique feature not commonly found with other brokers. This service allows traders to place trades over the phone, which can be particularly useful in situations where internet access is limited or non-existent.

In my experience, the combination of these additional features makes Sharekhan a versatile and efficient platform.