Sharekhan Broker Trade

Sharekhan Trade: A Comprehensive Review of a Leading Forex Broker

　　In the dynamic world of forex trading, choosing the right broker is crucial for success. Among the notable players in the Indian financial market, Sharekhan stands out as a full-service stockbroker with a rich history and a robust trading platform. Established in 2000, it has evolved into one of the largest brokerage firms in India, catering to a diverse clientele that includes retail investors and institutional traders. This article will explore Sharekhan's offerings, trading conditions, and its position in the forex market, addressing three core questions:

• What are the trading conditions and offerings provided by Sharekhan？
• How does Sharekhan's trading platform and product range compare to industry standards？
• What are the advantages and disadvantages of trading with Sharekhan？

　　

Broker Overview and Trading Conditions

Established	Regulatory Authority	Headquarters	Minimum Deposit	Leverage	Average Spread
2000	SEBI	Mumbai, India	₹0 (Free)	Up to 5x	0.1%

　　Sharekhan offers competitive trading conditions that appeal to both novice and experienced traders. With a minimum deposit of ₹0 for account opening, it eliminates the barrier to entry for new traders. The leverage offered can go up to 5x, allowing traders to amplify their positions. The average spread of 0.1% is competitive, especially for major currency pairs, making Sharekhan an attractive option for forex trading compared to industry standards.

　　

Trading Platform and Product Analysis

　　Sharekhan provides a range of trading platforms tailored for different types of traders. The main platforms include:

• Trade Tiger: A powerful desktop trading terminal designed for active traders, featuring advanced charting tools, multiple market watch options, and real-time market data.
• Sharekhan Mobile App: A user-friendly mobile application that allows trading on the go, with essential features like live market updates, technical analysis tools, and easy fund transfers.
• Web Trading Platform: Accessible via any browser, this platform provides a seamless trading experience with integrated research and analysis tools.

　　

Currency Pairs Offered

Currency Pair Category	Number Offered	Minimum Spread	Trading Hours	Commission Structure
Major Currency Pairs	20+	0.1%	24/5	0.02% per trade
Minor Currency Pairs	15+	0.2%	24/5	0.02% per trade
Exotic Currency Pairs	10+	0.5%	24/5	0.02% per trade

　　The execution speed on Sharekhan's platforms is commendable, with minimal slippage reported by users. The broker's robust infrastructure ensures that orders are executed quickly, which is critical in the fast-paced forex market.

　　

Advantages, Disadvantages, and Safety Assessment

　　

Advantages

• Diverse Trading Platforms: Sharekhan offers a variety of platforms to cater to different trading styles, including a powerful desktop terminal and a comprehensive mobile app.
• Extensive Research and Support: The broker provides extensive research reports, trading calls, and personalized support from relationship managers, enhancing the trading experience.
• No Minimum Deposit: The ability to open an account with no minimum deposit is particularly appealing for new traders looking to enter the market without significant financial commitment.

　　

Disadvantages

• Higher Brokerage Fees: Compared to discount brokers, Sharekhan's brokerage fees can be higher, which may deter cost-conscious traders.
• Limited Commodity Trading for Standard Accounts: Standard account holders may find limitations in trading commodities, which could restrict their trading strategies.

　　

Safety Measures

　　Sharekhan prioritizes client fund safety with robust security protocols. It is a member of major exchanges like NSE and BSE and adheres to the regulations set by SEBI. Clients' funds are kept in segregated accounts, ensuring that their investments are protected.

　　Customer satisfaction ratings indicate a generally positive experience, with many users appreciating the broker's support and resources. Sharekhan has maintained a low complaint ratio, reflecting its commitment to customer service.

　　

Practical Strategy and Summary Recommendations

　　

Basic Trading Strategy

　　For beginners using Sharekhan, a simple yet effective trading strategy involves using the "Trend Following" approach. Traders can identify a currency pair that shows a consistent upward or downward trend and place trades in the direction of the trend. Utilizing the advanced charting tools on Trade Tiger, traders can set stop-loss orders to manage risk effectively.

　　

Conclusion

　　In summary, Sharekhan stands as a reputable broker in the forex trading arena, offering a comprehensive suite of services and platforms tailored to various trading needs. Its competitive trading conditions, extensive research support, and user-friendly platforms make it suitable for both novice and experienced traders. However, those sensitive to brokerage costs may want to consider alternative options. Overall, Sharekhan is an excellent choice for traders seeking a full-service brokerage experience.

　　

FAQ Section

• Is Sharekhan suitable for beginners？
• Yes, Sharekhan provides extensive educational resources and support, making it ideal for new traders.
• What are the brokerage fees for forex trading at Sharekhan？
• Sharekhan charges a brokerage fee of 0.02% per trade for forex trading.
• Can I trade commodities with Sharekhan？
• Yes, but standard account holders may face limitations in commodity trading options.

　　

Risk Warning

　　Trading in forex involves significant risk and may not be suitable for all investors. It is essential to understand the risks involved and seek advice from independent financial advisors if necessary.