Finmax
Sharekhan
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while Sharekhan was established in 2000 and is based in India. Finmax holds licences including Financial Services Authority (FSA), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. Finmax serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. Both brokers share the same minimum deposit of $0.
| Feature | Finmax | Sharekhan |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Regulation | Financial Services Authority (FSA) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 2000 |
| Country | Bulgaria | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Finmax and Sharekhan, directly affecting your bottom line as a trader. Both require a minimum deposit of $0. Sharekhan charges withdrawal fees while Finmax does not, giving Finmax an edge for frequent withdrawers. Finmax applies inactivity fees on dormant accounts; Sharekhan does not. The two brokers are broadly comparable on fee structure.
| Feature | Finmax | Sharekhan |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while Sharekhan supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Sharekhan supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | 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,MT5 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and Sharekhan compare. Sharekhan runs regular live webinars; Finmax does not. Sharekhan has a video library; Finmax does not. Sharekhan publishes daily market commentary; Finmax does not. Sharekhan integrates third-party research tools (Trading Central, Autochartist); Finmax does not. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | Finmax | 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. Finmax accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Sharekhan supports 1 (bank transfer). Finmax uniquely supports credit/debit card among the two brokers. Finmax scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | 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 Finmax and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |