Sharekhan
UFX
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Overview
Sharekhan was founded in 2000 and is headquartered in India, while UFX was established in 2007 and is based in Republic of Vanuatu. Sharekhan holds licences including Securities and Exchange Board of India (SEBI), while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Sharekhan serves 1,500,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $0 at Sharekhan and $500 at UFX.
| Feature | Sharekhan | UFX |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2000 | 2007 |
| Country | India | Republic of Vanuatu |
| Clients | 1,500,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Sharekhan and UFX, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $500 at UFX). Both brokers charge withdrawal fees. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | Sharekhan | UFX |
|---|---|---|
| Min. Deposit | $0 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Sharekhan offers MT4, MT5, cTrader, while UFX supports 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. Sharekhan edges ahead on platform breadth and functionality in our scoring.
| Feature | Sharekhan | UFX |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | 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 Sharekhan and UFX compare. Sharekhan runs regular live webinars; UFX does not. Both provide video tutorials. Sharekhan publishes daily market commentary; UFX 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 | Sharekhan | UFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Sharekhan accepts 1 of the tracked payment methods (bank transfer), while UFX supports 2 (bank transfer, credit/debit card). UFX uniquely supports credit/debit card among the two brokers. UFX scores higher on deposit and withdrawal flexibility.
| Feature | Sharekhan | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| 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 Sharekhan and UFX offer live chat support. Both provide phone support. Email support is available at both brokers. Sharekhan supports 13 languages and UFX supports 2, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Sharekhan | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, and Chinese |