Sharekhan Review | Is Sharekhan Reliable? A Complete Analysis of Regulatory Compliance, Trading Conditions, Deposits and Withdrawals, and User Reputation

1. Brand Background and Development History

Sharekhan is one of the oldest retail brokers in the Indian market.

• Date of establishment: 2000.

• In 2016, it was acquired by French bank BNP Paribas and became its wholly-owned subsidiary.

• Headquarters: Mumbai.

• Customer base: Over 2.5 million retail customers in more than 600 cities.

• Features: Traditional broker + all-round financial management platform, taking into account both online and physical branch services.

2. Trading Account and Trading Conditions

Comments : The commission is higher than discount brokers (such as Zerodha/Upstox), but they focus more on investment advice and value-added services.

III. Supervision and Compliance

Comment : Backed by BNP Paribas, the bank has extremely high compliance and fund security.

IV. Trading Products and Market Coverage

• Stocks (all listed companies on NSE and BSE)

• Derivatives (NIFTY, BANKNIFTY, etc.)

• Commodity and currency derivatives

• IPO Placement

• Mutual funds, ETFs

• Portfolio Management Services (PMS)

• Investment Advisory and Research Reports

5. Trade Execution and Technical Performance

• Platform selection :

• Sharekhan App (Mobile).

• Trade Tiger (desktop, suitable for professional traders).

• Technical features :

• Trade Tiger provides Level 2 market information and algorithmic trading support.

• The mobile version is simple but has more traditional functions.

6. Deposit and Withdrawal Methods and Time Limits

• Deposit: Instant deposit via online banking/UPI.

• Withdrawal: Bank transfer, arrival time is T+1.

• Supports binding to multiple mainstream Indian bank accounts.

7. Customer Service and Additional Features

• Customer service channels: telephone, email, door-to-door service (offline branches).

• Language support: English, Hindi and major Indian languages.

• Additional features: BNP Paribas research reports, investment advisors, portfolio tracking tools.

8. Media and User Reviews

Media citations

• Economic Times: Sharekhan is “one of the most popular retail investment portals.”

• Financial Express: Emphasizes the advantages of its Trade Tiger platform among professional traders.

User feedback

• Advantages: authoritative research reports, complete service system, and high financial security.

• Disadvantages: High commissions and average app user experience.

IX. Risk Warning

• Not suitable for retail investors who seek ultra-low commissions.

• The technology platform still lags behind the streamlined model of Zerodha/Upstox.

• Account fees are higher than the market average.

10. Rating (10-point system + brief comments)

• Regulatory Compliance: 10/10 — With a background at BNP Paribas, top-tier compliance.

• Trading conditions: 7/10 — safe but high commissions.

• Platform Experience: 7/10 — Trade Tiger is professional, the app is average.

• Deposit and Withdrawal Experience: 8/10 — Convenient bank binding.

• Customer Service: 9/10 — Numerous branch locations and clear local presence.

Overall rating: 8.2/10 —— Bank-level background, suitable for investors who value investment advisory services.