SHARE MART Broker Trade

Share Mart Trade: A Comprehensive Review of a Rising Forex Broker

In the ever-evolving landscape of the forex market, the choice of broker can significantly impact trading success. Among the various options available, Share Mart Trade has emerged as a notable player, particularly in the Indian market. Established in 1991, this broker offers a range of trading services, but it operates in a competitive environment marked by stringent regulatory standards and diverse trading conditions. This article aims to provide a thorough evaluation of Share Mart Trade by addressing three core questions:

• What are the trading conditions and offerings of Share Mart Trade？
• Which trading platforms and products does Share Mart Trade support？
• What are the advantages and disadvantages of trading with Share Mart Trade？

Broker Overview and Trading Conditions

To understand Share Mart Trade better, lets take a look at its essential details:

Established	Regulatory Authority	Headquarters	Minimum Deposit	Leverage Ratio	Average Spread
1991	Unregulated	Vadodara, India	$100	1:100	1.5 pips

Analysis of Trading Conditions

Share Mart Trade, while offering competitive leverage of up to 1:100, lacks proper regulation, which poses a risk for potential clients. The minimum deposit requirement of $100 is relatively standard in the industry, making it accessible for new traders. However, the average spread of 1.5 pips is slightly higher than what some regulated brokers offer, which typically ranges from 0.5 to 1.0 pips for major currency pairs. This could affect the overall trading cost for active traders who rely on tight spreads for profitability.

Trading Platforms and Product Analysis

Supported Trading Platforms

Share Mart Trade does not provide access to popular platforms like MT4 or MT5, opting instead for its proprietary trading platform. This platform is designed for ease of use, allowing traders to execute trades and access market analysis tools efficiently. Key features include:

• Real-time market data
• Customizable charts
• Technical analysis tools
• User-friendly interface

Available Currency Pairs

The broker offers a diverse range of currency pairs, which can be summarized in the following table:

Currency Pair Category	Number of Pairs	Minimum Spread	Trading Hours	Commission Structure
Major Pairs	20	1.0 pips	24/5	No commissions
Minor Pairs	15	1.5 pips	24/5	No commissions
Exotic Pairs	10	3.0 pips	24/5	No commissions

Execution Speed and Slippage

Share Mart Trade claims to offer competitive execution speeds. However, user reviews indicate that slippage can occur during high volatility periods, particularly for exotic pairs. Traders should be cautious and consider this factor when planning their strategies.

Advantages and Disadvantages

Advantages:

• User-Friendly Platform: The proprietary platform is designed for both novice and experienced traders, making it easy to navigate and execute trades.
• Diverse Currency Pairs: With over 45 pairs available, traders have a wide selection to choose from, catering to various trading strategies.
• Accessible Minimum Deposit: The $100 minimum deposit makes it feasible for new traders to enter the forex market.

Disadvantages:

• Lack of Regulation: The absence of regulatory oversight raises concerns about the safety of funds and fair trading practices.
• Higher Average Spreads: Compared to some competitors, the average spread of 1.5 pips can be less favorable for traders seeking to minimize costs.

Security Measures

Share Mart Trade has implemented several measures to ensure the safety of client funds, including segregated accounts for client deposits. However, the lack of regulatory oversight means that there are no guarantees or insurance for client funds, which is a significant drawback.

Customer Satisfaction Data

While specific customer satisfaction data is limited, reviews indicate mixed experiences regarding customer support. Some clients report satisfactory responses, while others have faced delays.

Practical Strategy and Summary Recommendations

For traders looking to utilize Share Mart Trade's platform, a basic strategy could involve trading major currency pairs during peak market hours (e.g., London and New York sessions) to take advantage of higher liquidity and tighter spreads.

In summary, Share Mart Trade presents a viable option for traders, particularly those new to the forex market, due to its user-friendly platform and diverse product offerings. However, potential clients should weigh the risks associated with the lack of regulation and higher trading costs. This broker may be suitable for those who prioritize ease of use over stringent regulatory protections.

Who Should Consider Share Mart Trade？

Share Mart Trade is best suited for beginner to intermediate traders who are comfortable navigating a less regulated environment in exchange for a user-friendly trading experience. More experienced traders may want to consider regulated alternatives that offer tighter spreads and enhanced security measures.

FAQ Section

• Is Share Mart Trade regulated？
• No, Share Mart Trade is currently unregulated, which poses potential risks for traders.
• What is the minimum deposit required to start trading？
• The minimum deposit required is $100.
• What trading platforms does Share Mart Trade offer？
• Share Mart Trade offers a proprietary trading platform, but does not support MT4 or MT5.

Risk Warning

Trading in forex and CFDs involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and seek independent advice if necessary.