City Index
Sharekhan
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Overview
City Index was founded in 1983 and is headquartered in UK, while Sharekhan was established in 2000 and is based in India. City Index holds licences including Financial Conduct Authority (FCA), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. City Index serves 14,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $25 at City Index and $0 at Sharekhan.
| Feature | City Index | Sharekhan |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 1983 | 2000 |
| Country | UK | India |
| Clients | 14,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between City Index and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $25 at City Index). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; Sharekhan does not. City Index charges deposit fees; Sharekhan does not. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | City Index | Sharekhan |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while Sharekhan supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | City Index | Sharekhan |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and Sharekhan compare. Sharekhan runs regular live webinars; City Index does not. Sharekhan has a video library; City Index does not. Sharekhan publishes daily market commentary; City Index does not. Sharekhan integrates third-party research tools (Trading Central, Autochartist); City Index does not. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | City Index | Sharekhan |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Sharekhan supports 1 (bank transfer). City Index uniquely supports credit/debit card and PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Index and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |