Sharekhan
WellsTrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Sharekhan was founded in 2000 and is headquartered in India, while WellsTrade was established in 2008 and is based in United States. Sharekhan holds licences including Securities and Exchange Board of India (SEBI), while WellsTrade is regulated by Unregulated among others. Sharekhan serves 1,500,000+ clients worldwide; WellsTrade has 10,000+. The minimum deposit is $0 at Sharekhan and $30 at WellsTrade.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| Min. Deposit | $0 | $30 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Unregulated |
| Founded | 2000 | 2008 |
| Country | India | United States |
| Clients | 1,500,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Sharekhan and WellsTrade, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $30 at WellsTrade). Sharekhan charges withdrawal fees while WellsTrade does not, a notable advantage for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| Min. Deposit | $0 | $30 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Sharekhan offers MT4, MT5, cTrader, while WellsTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Sharekhan supports social and copy trading features, which WellsTrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| MT4 | Yes | Yes |
| 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 | iPhone,Tablet,Mac,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Sharekhan and WellsTrade compare. Sharekhan runs regular live webinars; WellsTrade does not. Sharekhan has a video library; WellsTrade does not. Sharekhan publishes daily market commentary; WellsTrade does not. Sharekhan integrates third-party research tools (Trading Central, Autochartist); WellsTrade does not. Sharekhan maintains an archive of past webinars for on-demand viewing. Sharekhan scores higher overall in education and research.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
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 WellsTrade supports 2 (bank transfer, credit/debit card). WellsTrade uniquely supports credit/debit card among the two brokers. WellsTrade scores higher on deposit and withdrawal flexibility.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| 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 WellsTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Sharekhan supports 13 languages and WellsTrade supports 2, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | Sharekhan | WellsTrade |
|---|---|---|
| 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 |