OptionWeb
Sharekhan
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Sharekhan was established in 2000 and is based in India. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. OptionWeb serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $200 at OptionWeb and $0 at Sharekhan.
| Feature | OptionWeb | Sharekhan |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2012 | 2000 |
| Country | Cyprus | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $200 at OptionWeb). Sharekhan charges withdrawal fees while OptionWeb does not, giving OptionWeb an edge for frequent withdrawers. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | OptionWeb | Sharekhan |
|---|---|---|
| Min. Deposit | $200 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
OptionWeb offers 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 OptionWeb does not offer. Sharekhan edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | Sharekhan |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Binary, 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 OptionWeb and Sharekhan compare. Sharekhan runs regular live webinars; OptionWeb does not. Both provide video tutorials. Sharekhan publishes daily market commentary; OptionWeb does not. Both integrate third-party research tools. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | OptionWeb | Sharekhan |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. OptionWeb accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Sharekhan supports 1 (bank transfer). OptionWeb uniquely supports credit/debit card among the two brokers. OptionWeb scores higher on deposit and withdrawal flexibility.
| Feature | OptionWeb | 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 OptionWeb and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. OptionWeb supports 2 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | OptionWeb | 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 |