Forex Financial Services
Sharekhan
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Sharekhan was established in 2000 and is based in India. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. Forex Financial Services serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $2500 at Forex Financial Services and $0 at Sharekhan.
| Feature | Forex Financial Services | Sharekhan |
|---|---|---|
| Min. Deposit | $2500 | $0 |
| Regulation | Australian Securities and investment Commission (ASIC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 2000 |
| Country | Australia | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). Sharekhan charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; Sharekhan does not. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | Forex Financial Services | Sharekhan |
|---|---|---|
| Min. Deposit | $2500 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services 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 | Forex Financial Services | 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Sharekhan compare. Sharekhan runs regular live webinars; Forex Financial Services does not. Sharekhan has a video library; Forex Financial Services does not. Sharekhan publishes daily market commentary; Forex Financial Services does not. Sharekhan integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | Forex Financial Services | 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. Forex Financial Services accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Sharekhan supports 1 (bank transfer). Forex Financial Services uniquely supports credit/debit card among the two brokers. Forex Financial Services scores higher on deposit and withdrawal flexibility.
| Feature | Forex Financial Services | 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 Forex Financial Services and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | 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 |