Sharewealth-Overview of Minimum Deposit, Leverage, Spreads

General Information

Sharewealth, a trading name of Sharewealth Group of Companies is allegedly a stock broker headquartered in Thrissur, Kerala and founded in 2005, claiming to provide its clients with its own-designed trading platforms, leverage up to 6 times, a wide range of products and services.

Products & Services

Sharewealth advertises that it offers an extensive range of products and services, including products like equity/derivatives, currencies, options, futures, commodities, ETFs and mutual funds, and services such as depository services to mutual funds and research, IPO and systematic investment plans (SIP).

Account Types

From the information revealed on the home page of Sharewealths official site, we only know the broker offers a free Demat Account, while the trading accounts will be charged an opening fee of Rs.300. However, no more specific information about account types is involved.

Leverage

Different trading assets are equipped with different maximum leverage ratios. In particular, the broker provides up to 6 times leverage in equity intraday, 4 times in equity futures and equity options, 3 times in currency futures and commodities, and 2 times in equity delivery and currency options. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available,Sharewealth says to give traders technically advanced mobile trading applications and desktop-based trading platforms, available on Windows, Mac, Desktop Browser, Android and iOS. Note that the web platform is available on Google Chrome, Mozilla Firefox, Opera or Internet Explorer. While with its Mobile app, traders can track all their investments made and trade, and trading can be done from anywhere and at any time through the right mobile terminals including Android and iOS.

Fees

Sharewealth charges some fees. To be more specific, 0.35% in equity delivery, 0.04% in equity intraday, equity futures and currency futures, Rs.35 per lot in equity options, and Rs.20 per lot in currency options, while other details can be found in the following screenshots. Also, the broker charges minimum margin money of Rs.3000, as well as Rs.250 as annual maintenance of the trading account.

Customer Support

Sharewealths customer support can be reached through telephone: +04872436500, Fax: +91-1800-121-2010, email: contact@sharewealthindia.com or live chat. Besides, you can also follow this broker on some social media platforms like Twitter and Facebook. Company address: 20/232, Adiyat Lane M.G Road, West Fort, Poothole P.O Thrissur 680004.