Sharenet Broker Trade

Sharenet Trade: A Comprehensive Review of a Leading Forex Broker

In the dynamic world of forex trading, choosing the right broker can significantly impact your trading success. Sharenet Trade is a prominent player in the South African market, providing traders with access to a wide range of financial instruments and robust trading tools. Established in 1988, Sharenet has built a reputation for reliability and innovation, making it a trusted choice for both novice and experienced traders.

This article will address three core questions:

1. What are the key features and trading conditions offered by Sharenet Trade？
2. How does Sharenet's trading platform and product offerings compare to industry standards？
3. What are the advantages and disadvantages of trading with Sharenet？

Broker Overview and Trading Conditions

Here is a summary of Sharenet's key information:

Sharenet's trading conditions are competitive, especially considering the low average spread of 0.2 pips for major currency pairs like EUR/USD. The minimum deposit requirement of $3,500 may be a barrier for some traders, yet it aligns with the broker's focus on providing a premium service to serious investors. In comparison to industry standards, Sharenet offers a modest leverage ratio of 1:1, which may appeal to risk-averse traders but could be seen as limiting for those seeking higher leverage.

Trading Platform and Product Analysis

Sharenet offers its proprietary trading platform, “My Sharenet,” which is designed to cater to traders of all experience levels. The platform provides a user-friendly interface, advanced charting tools, and real-time market data, making it suitable for both new and experienced traders.

Available Currency Pairs and Characteristics

The execution speed on Sharenets platform is generally fast, with most orders being processed within seconds. However, during periods of high volatility, traders may experience slippage, which can affect trade outcomes. Overall, the platform's capabilities and the variety of currency pairs offered make it a strong choice for forex trading.

Advantages, Disadvantages, and Safety Assessment

Advantages:

1. Robust Trading Tools: Sharenet provides advanced trading tools, including comprehensive charting capabilities and market analysis resources.
2. Diverse Product Range: Traders have access to over 70,000 financial instruments, including forex, CFDs, and shares, allowing for diversified trading strategies.
3. Established Reputation: With over 30 years in the market, Sharenet has built a solid reputation for reliability and customer service.

Disadvantages:

1. High Minimum Deposit: The requirement of a $3,500 minimum deposit may deter beginner traders or those looking to start with smaller amounts.
2. Limited Leverage: The absence of leverage options may restrict trading strategies for more aggressive traders.

Safety Measures

Sharenet prioritizes client safety by ensuring that client funds are held in segregated accounts. The broker is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which adds a layer of security for traders. However, it is important to note that Sharenet does not participate in any specific investor protection fund.

Customer satisfaction ratings indicate a generally positive experience, with many users praising the platform's reliability and the quality of customer support.

Practical Strategy and Summary Recommendations

A suitable trading strategy for Sharenet's platform is the Trend Following Strategy. This involves identifying the prevailing market trend and executing trades in the direction of that trend. Traders can use technical indicators such as moving averages to determine entry and exit points, capitalizing on market momentum.

In summary, Sharenet Trade offers a competitive trading environment with a strong emphasis on security and a wide range of financial instruments. While the broker may not cater to traders seeking high leverage or low entry thresholds, it is an excellent choice for those looking for a reliable and established platform in the South African market.

Suitable Trader Types

Sharenet is best suited for serious traders and investors who are comfortable with a higher initial investment and prefer a more conservative trading approach.

FAQ

1. What is the minimum deposit required to open an account with Sharenet？

The minimum deposit is $3,500.

2. Is Sharenet regulated？

Yes, Sharenet is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

3. What trading instruments can I access on Sharenet？

Traders can access a wide range of instruments, including forex pairs, CFDs, shares, and ETFs.

Risk Warning: Trading in financial instruments carries a high level of risk and may not be suitable for all investors. You may lose more than your initial investment. Always ensure you fully understand the risks involved before trading.