1. Broker Overview
Share India Securities Ltd., founded in 1993 by Sachin Gupta, is a prominent private brokerage firm headquartered in Noida, Uttar Pradesh, India. As a discount broker, it aims to provide cost-effective trading solutions to retail investors while also offering full-service brokerage capabilities, including extensive investment advice and detailed stock analysis. This dual approach enables Share India to cater to a diverse clientele, ranging from novice traders to experienced investors.
Over the years, Share India has established itself as a reliable player in the Indian financial services sector, with significant milestones including the expansion of its branch network to 729 locations across the country. The firm operates on major exchanges such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX). Its business model encompasses retail forex trading, equity trading, commodity trading, and investment advisory services.
Share India is recognized for its transparent pricing structure and innovative trading solutions, consistently striving to enhance customer satisfaction through its user-friendly platforms and dedicated support services. The firm has gained a reputation for its commitment to helping clients maximize their investment potential, embodying its tagline, "You generate, we multiply."
Share India operates under the oversight of several regulatory bodies to ensure compliance with financial laws and to protect investor interests. The primary regulatory authority is the Securities and Exchange Board of India (SEBI), established under the SEBI Act of 1992. Other relevant regulatory bodies include the Reserve Bank of India (RBI) and the Ministry of Finance.
- Regulatory Numbers: Share India is registered with SEBI and has the necessary licenses to operate as a stockbroker.
- License Validity: The licenses issued by SEBI are subject to renewal and compliance with the regulations set forth by the authority.
- Legal Entities: Share India operates as a private limited company and is subject to Indian corporate laws and regulations.
- Client Fund Segregation: Share India adheres to strict policies regarding the segregation of client funds, ensuring that investor capital is kept separate from the firm's operational funds.
- Investor Compensation Fund: The firm is a participant in the investor compensation schemes established by SEBI, providing an additional layer of security for clients.
- KYC and AML Compliance: Share India implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify client identities and prevent fraudulent activities.
This regulatory framework reinforces the credibility of Share India as a trustworthy brokerage platform, ensuring that it operates within legal boundaries while safeguarding investor interests.
3. Trading Products and Services
Share India offers a wide range of trading products and services catering to various investment needs. The firm provides access to numerous currency pairs in the forex market, enabling traders to engage in both major and minor currency trades.
- Forex Currency Pairs: Share India supports a diverse selection of currency pairs, including major currencies such as USD, EUR, GBP, and JPY.
- CFD Product Categories: The firm also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies. This allows clients to speculate on price movements without owning the underlying assets.
- Unique Products: Share India continuously updates its product offerings to include new and innovative trading instruments, ensuring that clients have access to the latest market opportunities.
- Retail Trading Services: The brokerage provides comprehensive retail trading services, including equity delivery, intraday trading, futures, and options trading.
- Institutional Client Services: Share India also caters to institutional clients, providing tailored solutions to meet their specific trading and investment requirements.
- White Label Solutions: The firm offers white label solutions for partners looking to establish their own trading platforms under the Share India brand.
- Asset Management Services: Share India is involved in asset management, helping clients optimize their investment portfolios through professional management and strategic asset allocation.
By offering a wide array of products and services, Share India positions itself as a one-stop solution for traders and investors seeking diverse investment opportunities.
Share India provides its clients with advanced trading platforms designed to facilitate seamless trading experiences. While the firm does not support MetaTrader 4 or 5, it offers proprietary solutions tailored to meet the needs of its users.
- Proprietary Trading Platform: Share India has developed its own user-friendly trading platform that incorporates advanced features and tools for effective trading.
- Web-Based Trading: The web trading platform is accessible via any internet browser, providing a comprehensive suite of trading functionalities.
- Mobile Application: Share India offers a mobile trading app compatible with both iOS and Android devices, allowing users to trade on the go. The app features real-time market data, alerts, and trading functionalities.
- Execution Model: The brokerage employs a combination of ECN and STP execution models, ensuring fast and efficient trade execution for clients.
- Server Infrastructure: Share India maintains robust server infrastructure to support its trading platforms, ensuring minimal downtime and optimal performance.
- API Access: The firm offers API access for automated trading solutions, enabling clients to implement algorithmic trading strategies.
Through these technological offerings, Share India aims to provide traders with the tools necessary to succeed in the dynamic financial markets.
5. Account Types and Trading Conditions
Share India offers various account types designed to cater to different trading styles and preferences. Each account type comes with specific trading conditions, enabling clients to choose the option that best suits their needs.
- Standard Account Conditions: The standard account requires a minimum deposit of INR 10,000, with competitive spreads and a commission structure of 0.03% or INR 20 per executed order.
- Premium Account Types: For more experienced traders, Share India offers premium accounts with enhanced features, including lower spreads and higher leverage options.
- Special Accounts: The brokerage provides specialized accounts such as Islamic accounts for clients requiring Sharia-compliant trading solutions.
- Demo Account Policy: Share India offers demo accounts for traders to practice their strategies without financial risk, allowing them to familiarize themselves with the trading platform.
- Leverage Ratios: Share India provides leverage ratios up to 5x for equity delivery, 3x for intraday trading, and 10x for futures and options trading.
- Minimum Trade Size: The minimum trade size varies based on the asset class, with specific conditions applicable to different instruments.
- Overnight Fees: Share India applies overnight fees on leveraged positions, which are clearly outlined in the brokerage's terms and conditions.
These account types and trading conditions are designed to accommodate a wide range of traders, from beginners to seasoned professionals.
6. Fund Management
Share India provides clients with multiple options for fund management, ensuring convenient and secure transactions for deposits and withdrawals.
- Supported Deposit Methods: Clients can fund their accounts through various methods, including bank transfers, credit cards, and popular e-wallets.
- Minimum Deposit Requirements: The minimum deposit varies by account type, with standard accounts requiring a minimum of INR 10,000.
- Deposit Processing Time: Deposits are typically processed within 1-2 business days, depending on the method used.
- Deposit Fees: Share India does not charge fees for deposits made via bank transfers or e-wallets, while credit card deposits may incur a nominal fee.
- Withdrawal Methods and Limits: Clients can withdraw funds through bank transfers, with specific limits based on the account type and trading activity.
- Withdrawal Processing Time: Withdrawal requests are generally processed within 2-3 business days.
- Withdrawal Fee Structure: Share India applies a fee for withdrawals, which is detailed in the brokerage's fee schedule.
By offering flexible fund management options, Share India ensures that clients can manage their investments efficiently.
7. Customer Support and Educational Resources
Share India is committed to providing exceptional customer support and educational resources to enhance the trading experience for its clients.
- Support Channels: Clients can reach the support team through various channels, including phone, email, online chat, and social media platforms.
- Service Hours and Time Zone Coverage: Customer support is available 24/7, ensuring that clients can receive assistance whenever needed.
- Multilingual Support: Share India supports multiple languages, catering to a diverse clientele.
- Educational Resources: The brokerage offers a range of educational resources, including webinars, tutorials, and e-books, to help clients improve their trading skills and knowledge.
- Market Analysis Services: Share India provides daily market analysis, news updates, and research reports to keep clients informed about market trends and opportunities.
- Trading Tools: Clients have access to various trading tools, including calculators, economic calendars, and signal services.
Through these support and educational initiatives, Share India aims to empower traders and investors to make informed decisions in the financial markets.
8. Regional Coverage and Restrictions
Share India operates primarily in the Indian market, offering its services to a broad range of clients across the country.
- Major Service Markets: The brokerage focuses on the Indian market, catering to retail and institutional clients.
- Regional Office Distribution: Share India has established a network of 729 branches throughout India, ensuring accessibility for clients nationwide.
- Countries/Regions Not Accepted: Share India does not accept clients from certain jurisdictions, including the United States and other regions with specific regulatory restrictions.
- Special Restrictions: Clients are advised to review the brokerage's terms and conditions for any specific limitations related to their geographic location.
By maintaining a strong regional presence and adhering to regulatory guidelines, Share India continues to offer reliable services to its clients in the Indian financial markets.
In conclusion, Share India stands out as a reputable broker in the financial services landscape, offering a comprehensive suite of trading products and services, supported by a robust regulatory framework and a commitment to customer service. Its diverse offerings and innovative solutions position Share India as a suitable choice for traders and investors looking to navigate the complexities of the financial markets.