Sharekhan
Velocity Trade
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Overview
Sharekhan was founded in 2000 and is headquartered in India, while Velocity Trade was established in 2007 and is based in Australia. Sharekhan holds licences including Securities and Exchange Board of India (SEBI), while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. Sharekhan serves 1,500,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $0 at Sharekhan and $1 at Velocity Trade.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2000 | 2007 |
| Country | India | Australia |
| Clients | 1,500,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Sharekhan and Velocity Trade, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Velocity Trade). Sharekhan charges withdrawal fees while Velocity Trade does not, a notable advantage for frequent withdrawers. Velocity Trade applies inactivity fees on dormant accounts; Sharekhan does not. The two brokers are broadly comparable on fee structure.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Sharekhan offers MT4, MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. Sharekhan supports social and copy trading features, which Velocity Trade does not offer. Sharekhan edges ahead on platform breadth and functionality in our scoring.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Sharekhan and Velocity Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Velocity Trade supports 2 (bank transfer, credit/debit card). Velocity Trade uniquely supports credit/debit card among the two brokers. Velocity Trade scores higher on deposit and withdrawal flexibility.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| 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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Sharekhan supports 13 languages and Velocity Trade supports 2, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Sharekhan | Velocity Trade |
|---|---|---|
| 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 |